Outstanding Ordinance definition

Outstanding Ordinance means Ordinance No. 449, authorizing the issuance of the Outstanding Bond.

Outstanding Ordinance means Ordinance No. 439, authorizing the issuance of the Outstanding Bonds.

Outstanding Ordinance means Ordinance No. 03 of 2019 of the Village.

Examples of Outstanding Ordinance in a sentence

• The set aside or deposit of amounts required by this paragraph shall be in addition to the set aside or deposit requirements provided in the Outstanding Ordinance for the Outstanding Bonds.

• There was established by the Outstanding Ordinance a separate account within the Bond and Interest Redemption Account designated the Bond Reserve Account (the “Bond Reserve Account”), which shall continue to be maintained by the Issuer.

• Upon and after the effective date of this Ordinance, the Bond and Interest Redemption Account established pursuant to the Outstanding Ordinance shall continue to be maintained by the Issuer.

• After the transfers required in (1) and (2) above, and so long as any principal installments of the Series 2019 Bond or the Outstanding Bonds remain outstanding, Revenues shall continue to be transferred each Fiscal Year quarter from the Receiving Account and deposited in the RRI Account in the amounts required by the Outstanding Ordinance.

• If at any time it shall be necessary to use moneys in the Bond Reserve Account for such payment, then the moneys so used shall be replaced from the Net Revenues first received thereafter which are not required by the Outstanding Ordinance or this Ordinance to be deposited to the Operation and Maintenance Account or the Bond and Interest Redemption Account for current principal and interest requirements for the Series 2019 Bond or the Outstanding Bonds.

• After the transfers required in (1) and (2) above, Revenues of the System shall continue to be deposited in the Junior Lien Bond and Interest Redemption Fund at the times specified in the Outstanding Ordinance for so long as the Outstanding Junior Lien Bonds remain outstanding.

• The Revenues credited to the Receiving Account are pledged for the purposes of the funds and accounts established by the Outstanding Ordinance and this Ordinance and shall be transferred or debited from the Receiving Account periodically in the manner and at the times and in the order of priority specified in the Outstanding Ordinance and this Ordinance.

• The Revenues credited to the Receiving Fund are pledged for the purposes of the funds and accounts established by the Outstanding Ordinance and this Ordinance and shall be transferred from the Receiving Fund periodically in the manner and at the times and in the order of priority specified in the Outstanding Ordinance and this Ordinance.

• Subject to Sections 16-10a-601 and 16-10a-602 of the Act and Articles, the Corporation is authorized to issue any class of shares or securities convertible into shares of any class.

• In addition to the transfers to the Bond and Interest Redemption Account required by the Outstanding Ordinance, after the transfer required in (1) above, Revenues shall be transferred each quarter of the Fiscal Year from the Receiving Account, before any other expenditures or transfer therefrom, and deposited in the Bond and Interest Redemption Account for payment of principal of and interest on the Bonds and to fund the Bond Reserve Account, in the amounts and at the times specified below.

More Definitions of Outstanding Ordinance

Outstanding Ordinance means Ordinance No. 2014-005 adopted by the City Commission of the Issuer on August 18, 2014, authorizing the issuance of the Outstanding Bonds.

Outstanding Ordinance means Ordinance No. 2016-1 adopted by the City Council of the Issuer on February 1, 2016, authorizing the issuance of the Outstanding Bond.

Outstanding Ordinance means Ordinance No. 2017-256.

Outstanding Ordinance means Ordinance No. 307 adopted by the City Council of the Issuer on December 7, 2009, authorizing the issuance of Senior Lien Bonds and Junior Lien Bonds, including the Series 2010 Bond.

Outstanding Ordinance means Ordinance No. 545 adopted by the City Council on October 6, 1986, as supplemented by Ordinance No. 656 adopted by the City Council on August 2, 1993, as supplemented by Ordinance No. 657 adopted by the City Council on September 20, 1993.

Outstanding Ordinance means Ordinance No. 9985 of the Issuer duly adopted by the Village Council of the Issuer on September 9, 1985, authorizing the issuance of the Outstanding Bonds.