Projected Net Revenues definition

Projected Net Revenues means, in relation to any period, an amount (which may be a negative or positive figure) calculated by deducting “B” from “A” where:
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Projected Net Revenues means either (a) projected Net Revenues for the Fiscal Year immediately following the issuance or incurrence of any additional Permitted Loans or Additional Bonds, set forth in a report of a Consulting Engineer or an Independent Accountant, based on a detailed investigation and report of such Consulting Engineer or Independent Accountant, as to the amount of annual Net Revenues expected in such Fiscal Year, which projected Net Revenues as defined and certified by such Consulting Engineer or Independent Accountant shall govern in determining the right of the Issuer to issue additional Permitted Loans payable out of the Gross Revenues of the System that are superior in lien and security to the Parity Bonds, or to issue Additional Bonds payable out of the Net Revenues of the System on a parity or equality with the Parity Bonds, or (b) Net Revenues, as reflected by information provided by the Independent Accountant, for the Fiscal Year next preceding the issuance of additional Permitted Loans or Additional Bonds. In determining Projected Net Revenues under the preceding subsection (a), the maximum amount payable in any succeeding Fiscal Year on the proposed additional Permitted Loan shall be treated as an Expense in the Fiscal Year for which the Projected Net Revenues are being computed.
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Projected Net Revenues means (i) projected revenues for the Southern Connector for the relevant year, as set forth in Figure 4.4.2 of the Traffic and Revenue Report for Southern Connector dated May 4, 2009, prepared by Stantec Consulting Services Inc., less (ii) the reorganized Debtor’s projected Operating Costs for such year, as determined by increasing the aggregate amount of expenses set forth in the Debtor’s Annual Budget for 2010 (less certain extraordinary expenses) by 3.0% per annum for each year after 2010.
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Examples of Projected Net Revenues in a sentence

  • Payments on the Series 2011A Bonds will equal approximately 71.5% of the Debtor’s Projected Net Revenues in each year.

  • Payments on the Series 2011C Bonds will equal approximately 2.0% of the Debtor’s Projected Net Revenues in each year.

  • The Authority may elect to determine Additional Bonds Debt Service Coverage on the basis of Projected Net Revenues or Historical Net Revenues.

  • The Projected Net Revenues from the Series 2017 SDSMT Project and the Series 2017 SDSU Project are included in this calculation.

  • In determining Projected Net Revenues, the Authority shall engage the services of and be guided by a System Consultant.

  • The Projected Net Revenues from the Series 2019 DSU Project are included in this calculation.

  • Projected Net Revenues of the System for each of the three full Fiscal Years immediately succeeding October 1, 2014, which is the later of the issuance of the Series 2014A Bonds (January, 2014) or the end of the capitalized interest period, are$30,306,396 (FY 16), $31,355,182 (FY 17) and $32,458,117 (FY 18), each of which is at least 120% of Annual Debt Service on all Outstanding Bonds, plus the Series 2014A Bonds, there being no additional obligations.

  • If 11 check-offs exist after August 14, 2014, only the 9 highest ranking check-offs for which designations were made in the previous 2-year period may appear on the income tax form for the next 2 years.

  • Subsequent to each projection year end, Projected Net Revenues for the year shall earn the Discount Rate.

  • Again, 2020 showed reduced revenues due to the COVID situation but revenues rebounded in 2021.Debt service analysisNet Revenues for Debt Coverage: The table on the following page reflects the Projected Net Revenues for the Applicant’s General Fund only as provided with the Applicant’s application.


More Definitions of Projected Net Revenues

Projected Net Revenues means, with respect to any Eligible Real Property Collateral, the Net Proceeds estimated by the Borrower in good faith to be received by the Borrower after the date of determination from the sale of the Eligible Real Property Collateral or interests therein. In determining Projected Net Revenues, (i) Net Proceeds from the sale of Eligible Real Property Collateral subject to a Purchase Contract shall not exceed the contracted sales price (net of customary costs and expenses), (ii) Net Proceeds from the sale of Eligible Real Property Collateral that are being offered for sale by the Borrower shall not exceed the current offer price (net of customary costs and expenses), (iii) Net Proceeds shall be adjusted to take into account as a deduction from estimated Net Proceeds any projected CFD Obligations, PAPA Obligations, and reasonable and customary anticipated costs of sale related to sales of any Real Property, (iv) Model Homes included as part of the Eligible Real Property shall be assumed to be held until substantially all other Units of the same type as the Model Home in the Asset are projected to be sold, (v) the amount and timing of receipt of Projected Net Revenues shall be prepared by Borrower in good faith based on assumptions that it believes to be reasonable on the date of determination, and (vi) the amount and timing of receipt of Projected Net Revenues shall be consistent with the most recent Certified Net Cash Flow Report delivered by Borrower to the Administrative Agent under the Loan Documents with such adjustments necessary to reflect subsequent changes in actual sales prices and absorption rates achieved at the various Assets with Eligible Real Property Collateral. Projected Net Revenues as of the date of any Borrowing Base Report shall be reflected on the Certified Net Cash Flow Report for the Eligible Real Property Collateral.
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Projected Net Revenues means, the Net Revenues of the Water System for any given Fiscal Year, which may include (a) one hundred percent of the estimated increase in Net Revenues projected to result from approved rate increases and (b) in the case of Section 207 for the purpose of determining the Additional Bonds Debt Service Coverage, one hundred percent of the estimated increase in Net Revenues projected to accrue as a result of the acquisition of the repairs, extensions, enlargements and improvements to the Water System projected to be paid for in whole or in part from the proceeds of the Additional Bonds under Section 207.
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Projected Net Revenues means the amount of Net Revenues for a particular period of time as projected by the Hotel Consultant.
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Projected Net Revenues means, for any period the same is to be determined, the Projected Revenues for such period less all Projected Operation and Maintenance Expenses during such period.
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Projected Net Revenues means, for any period, the difference between Projected Gross Revenues of Borrower and Projected Operating Costs of the Facility.
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Projected Net Revenues shall have the meaning provided in Section 1.01 of the Indenture.
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Related to Projected Net Revenues

  • Net Revenues means revenues less related expenses, including

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Net Sales means [***].

  • Recurring Revenue With respect to any Recurring Revenue Loan, the meaning of “Recurring Revenue” or any comparable definition in the related Underlying Instruments relating to recurring maintenance or support revenues, subscription revenues, and recurring revenues attributable to software licensed or sold (excluding one-time license revenues) in the Underlying Instruments for such Loan.