Plan Revenues definition
Examples of Plan Revenues in a sentence
Minimum Revenues: Borrower shall maintain Revenues, to be tested as of the last day of each calendar quarter and calculated on a consolidated basis for Borrower and its Subsidiaries, of not less than the following amounts for each corresponding period: Period Minimum Revenues Q3-2013 $ 6,521,000 Q4-2013 $ 7,221,000 Q1-2014 $ 6,669,000 Q2-2014 $ 7,333,000 Q3-2014 $ 8,340,000 Q4-2014 $ 9,533,000 For periods after Q4-2014, the minimum threshold shall be 80% of Borrower’s Plan Revenues for each period.
Durham County Transit Plan Revenues, including Dedicated Local Transit Funding Sources, expenditures and fund balance in columns separate from the component’s financial data in its annual audited statements.
Borrower shall maintain Revenues, to be tested as of the last day of each calendar quarter and calculated on a consolidated basis for Borrower and its Subsidiaries, of not less than the following amounts for each corresponding period: Period Minimum Revenues Q3-2013 $ 6,521,000 Q4-2013 $ 7,221,000 Q1-2014 $ 6,669,000 Q2-2014 $ 7,333,000 Q3-2014 $ 8,340,000 Q4-2014 $ 9,533,000 For periods after Q4-2014, the minimum threshold shall be 80% of Borrower’s Plan Revenues for each period.
For periods after 2014, PFG shall set the amortization triggers based on Borrower’s Plan for each fiscal year, guided (but not bound) by the fact that the 2013 thresholds were based on 80% of Plan Revenues and 70% of Plan EBITDA, but not less than some incremental percentage increase over the prior year targets.
Active project supported by Orange County Transit Plan Revenues or other Dedicated Local Transit Funding Sources at the time of execution of this Agreement and projects in the adopted Fiscal Year 2024 Work Program shall be eligible for continued funding through the end of Fiscal Year 2024 (Grace Period).