Net Revenues Available for Debt Service means all Net Revenues less debt service on Senior Obligations.
Net Revenues Available for Debt Service means the Net Revenues.
Net Revenues Available for Debt Service means the Revenues less amounts necessary to pay Operation and Maintenance Expenses.
Examples of Net Revenues Available for Debt Service in a sentence
Borrower shall continue making such payments of Excess Cash Flow on the fifth day of each succeeding month until the month in which, on the first day of such month, (a) Debt Service Coverage as determined by GECC for the most recent consecutive ninety (90) day period, is equal to or greater than 1.2 to 1.0, and (b) annualized Net Revenues Available for Debt Service divided by the then outstanding principal balance of this Note is equal to or greater than 0.13.
Cause Dynatech to maintain a ratio of (a) Net Revenues Available for Debt Service for each period of four (4) consecutive fiscal quarters, to (b) Debt Service for such period, of at least 3.00:1.00.
More Definitions of Net Revenues Available for Debt Service
Net Revenues Available for Debt Service means, for the period of determination, all Revenues less all Expenses.
Net Revenues Available for Debt Service means, for any period, the sum of (i) unrestricted revenues (operating and nonoperating) less unrestricted expenses (operating and nonoperating), exclusive of unrealized and realized gains and losses on long-term investments, (ii) all interest expense of the Borrower for such period with respect to Long-Term Indebtedness, and (iii) all depreciation expense for such period; provided that no determination of Net Revenues Available for Debt Service shall take into account any disposition of capital assets not in the ordinary course of business to the extent otherwise included in the foregoing calculations of revenue and expenses, any other gains or losses resulting from changes in accounting principles not involving the receipt or expenditure of cash, or any other non-operating, non-cash expenses.
Net Revenues Available for Debt Service means, for the period of determination, total revenues from the Borrower’s System, including investment income, penalties, hook-up fees, sign-up fees, membership fees and similar income not received from users for System use, and proceeds of any business interruption insurance but excluding grants, less expenses of the System other than noncash expenses and interest, provided there shall be excluded from both revenues and expenses any internal transfers, profits or losses on the early extinguishment of debt or the sale or other disposition, not in the ordinary course of business, of investments or fixed or capital assets and other extraordinary gains or losses.
Net Revenues Available for Debt Service means the total of all unrestricted revenues, income, receipts and money received by or on behalf of the Corporation from any and all sources whatsoever (other than proceeds of borrowing and other than revenues, income, receipts and money received by the Corporation as agent of someone other than the Corporation) including, but without limiting the generality of the foregoing, (i) net tuition and fees (being gross tuition and fees less scholarship and fellowship allowances), (ii) unrestricted gifts, grants and contributions, (iii) auxiliary enterprises revenues, (iv) return on investments (excluding unrealized gains or losses), (v) net assets released from restriction, (vi) unrestricted amounts received for governmental grants and programs, and (vii) all other revenue, remaining after deduction of the Corporation's operating expenses (other than depreciation, amortization, and interest expense); provided, however, that no determination of Net Revenues Available for Debt Service shall take into account any (a) gain or loss resulting from either the extinguishment or refinancing of indebtedness or the sale, exchange or other disposition of capital assets not made in the ordinary course of business, or (b) unrealized gains and losses on investments or hedging transactions, or (c) termination amounts or mark to market on investments or hedging transactions, or (d) audit restatements, or (e) any "other than temporary" impairment loss, or (f) non- recurring, unanticipated gains or losses that are considered to be extraordinary under generally accepted accounting principles.
Net Revenues Available for Debt Service means, for the period of determination, the amount of the excess of Gross Revenues deposited to the credit of the Revenue Fund, over the Current Expenses of the respective components of the Utility paid from the Revenue Fund during such period; provided that such amount shall exclude Debt Service Requirements paid, depreciation, amortization and capital expenditures for improvements to the Utility.
Net Revenues Available for Debt Service means, for the period of determination, all Revenues less all Expenses as determined in accordance with generally accepted accounting principles.
Net Revenues Available for Debt Service means for the period of determination, Revenues less all Current Expenses, all as determined in accordance with generally accepted accounting principles, but excluding any profits or losses on the early extinguishment of debt or on the sale or other disposition, not in the ordinary course of business, of investment or fixed or capital assets.