Net Project Revenues definition

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series E-1 Note and the Series E-2 Note. “Notice Address” means the following: As to the Issuer: Golden State Finance Authority 0000 X Xxxxxx, Xxxxx 0000 Xxxxxxxxxx, XX 00000 Attention: Executive Director As to the Borrower: Harmony Bakersfield AR, L.P. c/o HCHP Affordable Multi-Family, LLC 000 Xxxx Xxxxxxxx Xxxxxx Gardena, CA 90248 Attention: Legal Department with a copy to: WCH Affordable XXI, LLC 000 Xxxxxx Xxxxx, Xxxxx X-0 Xxxxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxx-Xxxxx with a copy to: Chernove & Associates 00000 Xxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxx, XX 00000 Attention: Xxxxxxx X. Xxxxxxxx and Xxx, Castle & Xxxxxxxxx LLP 00 Xxxxxxxxxx Xxxxxx, Xxxxx 0000 Xxx Xxxxxxxxx, XX 00000 Attention: Xxxx Xxxxxxx As to the Trustee: Wilmington Trust, National Association 000 Xxxx Xxxxxx Xxxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000-0000 Attention: Corporate Trust Service As to the Servicer and Financial Monitor: Burlington Capital Real Estate, LLC 0000 Xxxxxx Xxxxxx, Xxxxx 000 Xxxxx, Xxxxxxxx 00000 Attention: Xxxx Xxxxx As to the initial Significant Bondholder: America First Multifamily Investors L.P. Xxx Xxxxxxxxxx Xxxxx, Xxxxx 000 0000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx 00000 Attention: Xxxxxxxx Xxxx

Net Project Revenues means Revenues, if any, remaining and available to pay debt charges on the Bonds after the application by the City of the Revenues to make grants or loans for additional eco- nomic development projects in the City.

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series A-1 Note and the Series A-2 Note.

Examples of Net Project Revenues in a sentence

• City West will pay 100% of all Operating Costs associated with the operation, maintenance, repair and management of the Network Infrastructure and Third Party Sites and will be entitled to deduct all annual Operating Costs from the Annual Gross Project Revenues prior to any distribution of Annual Net Project Revenues pursuant to Section 6.2.

• The Navy would receive "Additional Consideration" equal to (i) 100% of the Net Project Revenues in an amount not to exceed$50 million after TICD has achieved an 18% unlevered internal rate of return, plus (ii) 35% of the Net Project Revenues after TICD has achieved a 22.5% unlevered internal rate of return.

• Project Revenues less Project Expenses is referred to in this Development Plan Update as "Net Project Revenues." Except for a reasonable limit on management/overhead fees payable to TICD, Project Expenses will not be capped, but will be subject to a "reasonableness" standard, certain approval rights by the Authority and subject to audit by the Authority.

• Such Subordinate Bonds shall be paid on such later date or dates from Net Project Revenues available after making the required payments under Section 5.02(a)(ii)(A) - (G) hereof, with such Net Project Revenues credited first to accrued but unpaid interest on such Subordinate Bonds and then to unpaid principal then due on such Subordinate Bonds.

• In the event and to the extent that Net Project Revenues held in the Bond Fund, after payment of principal and interest on the Senior Bonds, are insufficient to pay the principal of and interest on the Subordinate Bonds when due hereunder, such Subordinate Bonds shall continue to bear interest until paid.

More Definitions of Net Project Revenues

Net Project Revenues means all Project Revenues except those Project Revenues which are required to be deposited in the Outside Loan Repayment Fund or the OWDA Repayment Fund pursuant to Section 5.06 of the Indenture.

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series G-1 Note and the Series G-2 Note. “Notice Address” means the following:

Net Project Revenues means Authority Project Revenues less Operating Expenses.

Net Project Revenues means Rev- enues, if any, remaining and avail- able to pay debt charges on the Bonds after the application by the City of the Revenues to make grants or loans for additional economic development projects in the City.

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series A-1 Note and the Series A-2 Note. “Notice Address” means the following:As to the Issuer: Golden State Finance Authority 1215 K Street, Suite 1650Sacramento, CA 95814 Attention: Executive Director As to the Borrower: Seasons Simi Valley AR, L.P.c/o HCHP Affordable Multi-Family, LLC 330 West Victoria StreetGardena, CA 90248 Attention: Legal Departmentwith a copy to: LINC-Gardena Associates, LLC c/o LINC Housing Corporation 555 East Ocean 9th FloorLong Beach, CA 90802 Attention: [Karen Maeshima] with a copy to: Chernove & Associates16027 Ventura Boulevard, Suite 660Encino, CA 91436Attention: Sheldon B. Chernove andCarle Mackie Power & Ross 100 B Street, Suite 400 Santa Rosa, CA 95401 Attention: [Henry Loh II] As to the Trustee: Wilmington Trust, National Association 650 Town Center Drive, Suite 600 Costa Mesa, CA 92626-7121 Attention: Corporate Trust Service As to the Servicer and Financial Monitor: America First Real Estate Group 1004 Farnam Street, Suite 400Omaha, Nebraska 68102 Attention: Andy Grier As to the initial Significant Bondholder: America First Multifamily Investors L.P. One Burlington Place, Suite 4001004 Farnam StreetOmaha, Nebraska 68102 Attention: [Michelle Lage]

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series B-1 Note and the Series B-2 Note. “Notice Address” means the following: As to the Issuer: Golden State Finance Authority 0000 X Xxxxxx, Xxxxx 0000 Xxxxxxxxxx, XX 00000 Attention: Executive Director As to the Borrower: Sycamore Bakersfield AR, L.P. c/o HCHP Affordable Multi-Family, LLC 000 Xxxx Xxxxxxxx Xxxxxx Gardena, CA 90248 Attention: Legal Department with a copy to: TELACU Homes, Inc. 000 X. Xxxxxxx Street Orange, CA 92868 Attention: Xxxx Xxxx with a copy to: Chernove & Associates 00000 Xxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxx, XX 00000 Attention: Xxxxxxx X. Xxxxxxxx and Bocarsly Emden Xxxxx Xxxxxx & Xxxxx LLP 000 X. 0xx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxx, XX 00000 Attention: [ ] As to the Trustee: Wilmington Trust, National Association 000 Xxxx Xxxxxx Xxxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000-0000 Attention: Corporate Trust Service As to the Servicer and Financial Monitor: America First Real Estate Group 0000 Xxxxxx Xxxxxx, Xxxxx 000 Xxxxx, Xxxxxxxx 00000 Attention: Xxxx Xxxxx As to the initial Significant Bondholder: America First Multifamily Investors L.P. Xxx Xxxxxxxxxx Xxxxx, Xxxxx 000 0000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx 00000 Attention: Xxxxxxxx Xxxx

Net Project Revenues means the Project Revenues minus Operating Expenses. “Notes” means, collectively, the Series D-1 Note and the Series D-2 Note. “Notice Address” means the following:As to the Issuer: Golden State Finance Authority1215 K Street, Suite 1650Sacramento, CA 95814 Attention: Executive Director As to the Borrower: Summerhill Bakersfield AR, L.P.c/o HCHP Affordable Multi-Family, LLC 330 West Victoria StreetGardena, CA 90248 Attention: Legal Department with a copy to: WCH Affordable XXIII, LLC 151 Kalmas Drive, Suite J-5 Costa Mesa, CA 92626 Attention: Graham Espley-Jones with a copy to: Chernove & Associates16027 Ventura Boulevard, Suite 660Encino, CA 91436Attention: Sheldon B. Chernove andCox, Castle & Nicholson LLP 50 California Street, Suite 3200 San Francisco, CA 94111 Attention: Ofer Elitzur As to the Trustee: Wilmington Trust, National Association 650 Town Center Drive, Suite 600 Costa Mesa, CA 92626-7121 Attention: Corporate Trust Service As to the Servicer and Financial Monitor: Burlington Capital Real Estate, LLC 1004 Farnam Street, Suite 400Omaha, Nebraska 68102 Attention: Andy GrierAs to the initial Significant Bondholder: America First Multifamily Investors L.P. One Burlington Place, Suite 4001004 Farnam StreetOmaha, Nebraska 68102 Attention: Michelle Lage