System Revenue Bonds definition

System Revenue Bonds means collectively the Bonds and all other revenue bonds or other obligations which are payable out of, or secured by an interest in, the Net Revenues of the System.

System Revenue Bonds means, collectively, the Bonds, the Outstanding Senior Bonds, the Parity Bonds and all other revenue bonds or obligations that are payable from the Net Revenues.

System Revenue Bonds means, collectively, the Bonds, the Parity Bonds and all other revenue bonds which are payable out of, or secured by an interest in, the income and Revenues derived from the operation of the Systems.

Examples of System Revenue Bonds in a sentence

• After the Department has repaid the California Water Fund in full and after each series of Water System Revenue Bonds is repaid, the Department will reduce the charges to all contractors in an equitable manner in a total amount that equals the amount of the charges under Article 50(b)(1) that the Department determines is not needed for future financing of facilities of the System which, in whole or in part, will serve the purposes of the water supply contract with the Agency.

• Other amendments, which required the consent of 100% of the bondholders, took effect as of June 30, 2004 with the issuance of the Airports System Revenue Bonds, Refunding Series of 2003.

• IMPA issues Power Supply System Revenue Bonds to finance its acquisition and construction of utility plant.

• 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.

• The County issued $10,475,000 in General Obligation Disposal System Revenue Bonds and $19,380,000 in General Obligation Waste Disposal Revenue Bonds in order to finance the acquisition/expansion of the facility.

• The 2014 Water System Revenue Bonds were issued at $4,340,000 to finance costs incurred in connection with the construction of upgrades at the water treatment plant.

• The Utility System Revenue Bonds require the Authority to maintain a schedule of charges, fees, and rates sufficient to produce annual net revenues not less than 110% of the actual principal and interest requirements on the bonds after payment of all operating and maintenance expenses.

• The Senior Lien Water System Revenue Bonds are payable solely from net revenues of the Authority’s water system.

• Proceeds from the bonds and notes provided financing for capital assets and for defeasing and refunding the PWA’s 2009A and 2009B Utility System Revenue Bonds, and to pay the costs of issuance for the Series 2016 Bonds and the 2019 Note.

• The city has also pledged future net electric system revenues to repay the $5,035,000 Electric System Refunding Revenue Bonds, Series 2013B which were issued on June 7, 2013 in order to refund the outstanding Electric System Revenue Bonds, Series 2005, dated June 1, 2005 which were used to construct improvements to the electric system.

More Definitions of System Revenue Bonds

System Revenue Bonds means all revenue bonds or other obligations that are payable from the net revenues of the Wastewater System (after the payment of the cost of operation and maintenance thereof).

System Revenue Bonds means collectively the Bonds, the Parity Bonds, the SRF Program Bonds and all other revenue bonds which are payable from the Net Revenues.

System Revenue Bonds means, collectively, the Bonds, the Parity Bonds and all other revenue bonds or obligations that are payable solely from, and secured by a pledge of, the Net Revenues.

System Revenue Bonds means the Outstanding Parity Bonds, the 2013 Series A Bonds, any Additional Bonds secured on a parity basis by the Net Revenues and any Subordinate Bonds.

System Revenue Bonds means any revenue bonds or obligations issued by or on behalf

System Revenue Bonds means, collectively, the Bonds, any Parity Bonds and all other revenue bonds or other obligations that are payable out of or secured by the Net Revenues of the System.