Net System Revenues definition

Net System Revenues means the Gross Revenues of the System minus Operation and Maintenance Expenses, indirect charges, amounts expended for capital replacements and repairs, required set asides for debt and replacement requirements, and any other payments from the gross revenues reasonably required for operation of the System.

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Net System Revenues means, for any Fiscal Year, the System Revenues for such Fiscal Year less the Maintenance and Operation Costs of the Wastewater System for such Fiscal Year.

Examples of Net System Revenues in a sentence

All documents or instruments required to be filed or recorded in any public office, and all notifications required to be given to any Person, in order to provide notice of such pledge to present and future creditors and otherwise protect and perfect the pledge in Net System Revenues.
The City has not entered into any Swap Contract secured by Net System Revenues (a) wherein any termination payment thereunder is senior to or on a parity with the payment of the Payment Obligation or (b) which requires the City to post cash collateral to secure its obligations thereunder.
The Agreement does not permit the issuance of any debt secured by the Net System Revenues to rank senior to the Commercial Paper Notes or the Payment Obligations, other than Permitted Parity Obligations.
In the event there are insufficient Net System Revenues to make up all deficiencies in all Reserve Funds and Reserve Accounts for Parity Obligations, such payments into Reserve Funds and Reserve Accounts shall be made as nearly as practicable pro rata based on the respective unpaid principal amount of all Parity Obligations.
The City will fix, prescribe and collect rates, fees and charges for the Water Service during each Fiscal Year which are estimated to yield Adjusted Net System Revenues for such Fiscal Year equal to at least the Coverage Requirement for such Fiscal Year.

More Definitions of Net System Revenues

Net System Revenues means, for any period, the System Revenues for such period less Maintenance and Operation Costs for such period.

Net System Revenues means, for any Fiscal Year, all System Revenues received by the District for such Fiscal Year, less the Operations and Maintenance Costs for such Fiscal Year.

Net System Revenues means, for any Fiscal Year, all System Revenues received by the Purchaser for such Fiscal Year less the Operations and Maintenance Costs for such Fiscal Year.

Net System Revenues has the meaning given to that term in the Agreement.

Net System Revenues means, for any Fiscal Year, all System Revenues received by the Purchaser for such Fiscal Year less the Operations and Maintenance Costs for such Fiscal Year after payment of Senior Debt Service.

Net System Revenues has the meaning in the Master Resolution.

Net System Revenues means, for any period, the System Revenues during such period less the Operation and Maintenance Costs during such period.