Examples of Nontax Revenues in a sentence
While the Series 2021 Bonds are outstanding, the County must pay County Revenue Payments to the Trustee as provided in Section 3.3. The County pledges the County Nontax Revenues to secure its obligation to make County Revenue Payments under this Agreement.
The obligations of the County and the City under this Guaranty Agreement are special obligations of the County and the City, respectively, payable solely from their Nontax Revenues.
The County is permitted to and intends to use County Nontax Revenues for other lawful purposes as authorized by its Legislative Authority.
Nothing herein shall be construed as requiring the County to use or apply to the payment of County Payments any funds or revenues from any source other than Nontax Revenues; provided, however, that nothing herein shall be deemed to prohibit the County, of its own volition, from using, to the extent that it is authorized by law to do so, any other resources for the fulfillment of any of the terms, conditions or obligations of this Agreement or the Financing Agreements.
The obligations of the County under this Agreement are secured by and are payable from the County Nontax Revenues and do not and shall not represent or constitute a debt or pledge of the faith and credit or taxing power of the County.