Examples of Sewer System Revenue Bonds in a sentence
The Sewer System Revenue Bonds are also secured by an agreement dated as of October 16, 1974, as amended and supplemented, by and between the County and the Authority pursuant to which the County is obligated to make up any deficiencies in the sewer system revenues.
In December 2007, UOSA issued $119,715,000 of Regional Sewer System Revenue Bonds, of which the System’s share is $53,925,458, to finance the cost of expanding its wastewater treatment and conveyance facilities.
All of the Sewer System Revenue Bonds described below are direct and general obligations of the Authority payable from the revenues derived from the operation of the sewer system and are further secured by substantially similar agreements with certain municipalities located within Cape May County (the “County”), as well as the Township of Lower Municipal Utilities Authority and New Jersey– American Water Company.
In December 2010, UOSA issued $85,180,000 of Regional Sewer System Revenue Bonds, of which the System’s share is $34,113,615, to finance the cost of certain capital improvements.
The City hereby covenants and agrees that all revenues derived from the operation of the System shall be kept separate and apart from all other funds, accounts, and moneys of the City, and shall be deposited as collected into the “City of The Colony, Texas, Water and Sewer System Revenue Bonds Revenue Fund” (heretofore created and established in the connection with the issuance of outstanding Prior Lien Obligations and hereinafter called the “Revenue Fund”).
DERIVATIVE INSTRUMENTS (CONTINUED) Hedging Derivative Instruments — The Authority executed an interest rate exchange agreement (the “Muni-CPI agreement”) effective July 9, 2002 in conjunction with its sale of $20 million of muni-CPI Bonds in the 2013 maturity of its Fiscal 2003 Series A Water and Sewer System Revenue Bonds (the “CPI Bonds”).
These bonds were issued on a parity basis with the City’s Sewer System Revenue Bonds, currently outstanding or issued hereafter.
In January 1995, UOSA, a joint venture, issued $288,600,000 of Regional Sewer System Revenue Bonds to finance the cost of expanding the capacity of its wastewater treatment facilities from 32 million gallons per day (MGD) to 54 MGD and $42,260,000 of Regional Sewer System Revenue Refunding Bonds to refund certain outstanding bonds that had been issued to finance a prior expansion.
The Series 2020A Bonds are issued to (i) pay or reimburse the City for costs of certain improvements to the municipal sewer system of the City; (ii) refund the City’s Taxable Sewer System Revenue Bonds, Series 2010 (Recovery Zone Economic Development Bonds—Direct Pay); (iii) fund a deposit to the Reserve Account; and (iv) pay costs of issuance of the Series 2020A Bonds and of the refunding.
Regional Wastewater Collection and Treatment System (Continued) All of the Sewer System Revenue Bonds described below are direct and general obligations of the Authority payable from the revenues derived from the operation of the sewer system and are further secured by substantially similar agreements with certain municipalities located within Cape May County (the “County”), as well as the Township of Lower Municipal Utilities Authority and New Jersey– American Water Company.