Examples of Service Covenant in a sentence
For more information regarding the economic conditions in the City, see “SECTION III: ECONOMIC AND DEMOGRAPHIC INFORMATION.” Debt Service Coverage The Indenture includes the Quarterly Senior Debt Service Covenant which provides that the maximum Quarterly Senior Debt Service may not exceed $330 million.
Commencing on the Commencement Date, the obligations of the County to duly observe and comply with the Service Covenant shall apply continuously and without interruption for the Term of this Agreement.
In the event that any Change in Law or other Uncontrollable Circumstance impairs or precludes compliance with the Service Covenant by the means or methods then being employed by the County, the County shall implement alternative or substitute means and methods to enable it to satisfy the terms and conditions of the Service Covenant.
From the Commencement Date to the date of expiration or termination of this Agreement, the obligation to the City to pay the Contract Rate, to the extent the City rather than Franchise Haulers is responsible directly for payment and provided that the Service Covenant has been complied with, shall be absolute and unconditional and shall not be subject to delay or diminution by reason of set-off, abatement, counterclaim, existence of a dispute or otherwise.
The County shall exercise all reasonable efforts to minimize the costs incurred in complying with the Service Covenant consistent with its responsibilities hereunder and under this Agreement, Applicable Law and prudent solid waste management practice and environmental considerations.
The Metropolitan Government shall carry out the foregoing provisions of this Section through the System, with such Persons, using such technologies and upon such terms and conditions as the Metropolitan Government determines consistent with prudent district heating and cooling system practices and in a manner which will not impair the ability of the Metropolitan Government to comply with the Service Covenant.
Further, as long as one party of ten was treated the same as another party of ten, there was no “undue preference.” Baltimore & Ohio, 145 U.S. at 284.Suburban Water contends that the Free Service Covenant and the Amendment establish an unreasonable preference for Coatesville, which, alone among Pennsylvania-American’s municipal customers, will receive hydrant service for effectively no charge.
PAWC shall have the option, at any time, to charge rates lower than CCA’s water rates in effect as of December 16, 1999.Nothing in this Section shall prevent PAWC from applying its rules and regulations regarding conditions of service after Closing.3 The applicants in the proceeding below did not agree that the Free Service Covenant was legally deficient.
All protestants asserted that the Free Service Covenant violated the Public Utility Code as well as the PUC’s October 1, 1999 declaratory order.
After a hearing, on October 25, 2001, the PUC approved the transaction between Suburban Water and Chalfont.Suburban Water seeks to have this Court reverse the PUC’s approval of the Agreement to the extent it includes either the Free Service Covenant or Amendment.