Sewer Revenues definition
Examples of Sewer Revenues in a sentence
The term “Revenue Fund” means the District accounts designated by the District as Sewer Revenues General Ledger 301-4080-19901-000 – Sewer Service Charge – Residential and 301-4080-19921-000 – Sewer Service Charges – Commercial, together with other current accounts into which Revenues are deposited and any accounts created in the future and designated by action of the Board of Directors as a part of the Revenue Fund.
Each Member has not pledged or encumbered and will not pledge or encumber its Water and Sewer Revenues or if it has or does, any such pledge or encumbrance will apply only to Water and Sewer Revenues remaining after payment of its Water and Sewer System current expenses, expressly including its Payment Obligations.
Each Member (other than the County of Randolph, so long as it does not have a Water and Sewer System) shall operate its Water and Sewer System as one or more enterprise funds and charge rates and fees such that sufficient Water and Sewer Revenues are generated to pay all costs of operating and financing its Water and Sewer System and satisfying its Payment Obligations.
The County covenants to deposit in the “Sewer Revenue Account”, which hereby is created, all Sewer Revenues, toge- ther with all moneys appropriated by the County for the purposes out of current revenues, within limits then provided by law, or from other legally available funds.
The County covenants that it will make such appropriations to the Sewer Revenue Account, in each Fiscal Year, from current revenues or other legally available funds, other than Sewer Revenues, to the extent necessary, if any, and to the extent at the time permitted by law, to enable it to meet all its obligations hereunder.
The Authority shall deposit all Sewer Revenues, as defined in the Lease, in the Sewer Revenue Account established under the Lease, as required by the Lease.
All payments under this Installment Sale Agreement are secured by a pledge of Net Sewer Revenues on a pari passu basis with all Sewer Parity Obligations.
Each Municipality covenants not to create any charges upon or against its Sewer Revenues or against any other moneys required to be de- posited in its Sewer Revenue Account prior to its obligations hereunder.
The Net Sewer Revenues constitute a trust fund for the security and payment of principal of and interest on the Combined System Parity Obligations and the Sewer Parity Obligations.
Each Municipality covenants that it will make such appropriations to its Sewer Revenue Account, in each Fiscal Year, from current revenues or other legally available funds, other than Sewer Revenues, to the extent necessary, if any, and to the extent then permitted by law, to enable it to meet all its obligations hereunder and all of its obligations under the Alburtis Lease or the Lower Macungie Lease or the Macungie Lease or the Upper Macungie Lease, as applicable.