Unrestricted Revenues definition

Unrestricted Revenues means that taxes, income, revenue (including, but not limited to, revenue from state and federal governments), cash receipts and other Moneys of each Local Agency (including Moneys deposited in inactive or term deposits but excepting certain Moneys encumbered for a special purpose), received in or accrued to Fiscal Year 2020-21, and lawfully available for the payment of such Local Agency’s Note. TRUSTEE’S DUTIES REGARDING NOTES Return of Paid Notes. Each Note, when paid in full, will be cancelled by the Trustee and returned to the Local Agency that issued such Note. NOTE PAYMENTS Deposit of Notes. The Notes, as evidenced and represented by the Note Participations, have been irrevocably deposited with and pledged and transferred to the Trustee, who is the registered owner of each Note for the benefit of the Owners of the Note Participations, and the payments on such Notes will be used for the punctual payment of the interest and principal evidenced and represented by such Note Participations, and such Notes will not be used for any other purpose while any of such Note Participations remain Outstanding. This deposit, transfer and pledge will constitute a first and exclusive lien on the principal and interest payments of the Notes for the foregoing purpose in accordance with the terms hereof. Each Local Agency has approved and the Trustee has accepted the deposit of the Notes. All principal and interest payments on the Notes will be paid directly by each Local Agency to the Trustee. All principal and interest payments on each Note received by the Trustee will be held in trust by the Trustee under the terms of the Trust Agreement and will be deposited by it, as and when received, in the appropriate payment accounts within the Note Participation Payment Fund, which fund the Trustee has agreed to maintain so long as any of the Note Participations are Outstanding, and all money in such fund will be held in trust by the Trustee for the benefit and security of the Owners of such Note Participations to the extent provided in the Trust Agreement. If the Trustee receives Note repayments from a Local Agency which, together with other amounts on deposit in the Note Participation Payment Fund allocable to such Local Agency, are in excess of the amounts required to pay the principal of and interest due on such Local Agency’s Note, such excess amounts will remain in such Note Participation Payment Fund and be subject to any rebate requirement as specified in the Trust Agre...

Unrestricted Revenues means the taxes, income, revenue, cash receipts and other moneys provided for Fiscal Year 2019-20 which will be received by or will accrue to the County during such fiscal year for the General Fund of the County and which are lawfully available for the payment of current expenses and other obligations of the County.

Unrestricted Revenues means any General Fund or any other income, revenues and receipts of the Issuer derived from any source whatsoever so long as such income, revenue and receipts are not legally dedicated for purposes incompatible with the Project.

Examples of Unrestricted Revenues in a sentence

• As security for the payment of the principal of and interest on its Note, each District has pledged the first Unrestricted Revenues received by such District during the months of , 2021 and , 2021, up to an amount which is equal in such months to 50% of the principal and interest due on such Note, such months hereby constituting “Repayment Months” for purposes of its respective District Resolution (as defined herein).

• Notwithstanding anything to the contrary herein or in any Note or document referred to herein, no Local Agency shall incur any obligation under Article VII, Section 3.03(b) or Section 5.01 or otherwise hereunder, except to the extent payable from Unrestricted Revenues, nor shall any Local Agency incur any obligation on account of any default, action or omission of any other Local Agency.

• Notwithstanding anything to the contrary herein or in any Note or document referred to herein, no Community College District shall incur any obligation under Article VII, Section 3.03(b) or Section 5.01 or otherwise hereunder, except to the extent payable from Unrestricted Revenues, nor shall any Community College District incur any obligation on account of any default, action or omission of any other Community College District.

• As security for the payment of the principal of and interest on its Note, each District has pledged the first Unrestricted Revenues received by such District during the months of ______, 2021 and ______, 2021, up to an amount which is equal in such months to 50% of the principal and interest due on such Note, such months hereby constituting “Repayment Months” for purposes of its respective District Resolution (as defined herein).

• The District hereby pledges, as security for the payment of the principal and interest on the Note, the first Unrestricted Revenues received by the District in the month ending on [_______] and in an amount sufficient to pay the principal of and the interest due on the Note (the “Pledged Revenues”).

More Definitions of Unrestricted Revenues

Unrestricted Revenues means all taxes, income, revenues, cash receipts and other moneys of the Authority, including moneys deposited in inactive or term deposits (but excepting certain moneys which, when received by the Authority, will be encumbered for a special purpose unless an equivalent amount of the proceeds from said Notes is set aside for and used for said special purpose) received or accrued by the Authority during the Fiscal Year that are lawfully available for payment of the Notes and the interest thereon.

Unrestricted Revenues means the income, revenues and receipts of the Issuer derived from any source whatsoever so long as such income, revenues and receipts are not legally dedicated for purposes incompatible with the Bonds.

Unrestricted Revenues means the revenues pledged by the City under the Authorizing Law and pursuant to the Resolution, and described in Section 402, for the security and payment of the 2014-15 TRANs, including the interest thereon in accordance with the provisions herein, whether or not such taxes, income, revenue, cash receipts or other moneys are deposited in the 2014-15 TRANs Repayment Fund and as so described under Section 402 of this Accompanying Document.

Unrestricted Revenues means all income, revenues, receipts and other moneys received by or on behalf of the Corporation and its affiliates (excluding Xxxxxxx XXX Real Estate Holding, Inc.) from any source and all rights to receive the same whether in the form of accounts, contract rights, chattel paper, instruments, general intangibles or other rights now owned or hereafter acquired by the Corporation, and all proceeds therefrom whether cash or noncash, all as defined in Article 9 of the Uniform Commercial Code of the State; excluding, however, gifts, grants, bequests, donations and contributions to the Corporation made, and the income and gains derived therefrom, which are specifically restricted by the donor, testator or grantor to a particular purpose which is inconsistent with their use for payments required under the Loan Agreement or on the Note.

Unrestricted Revenues means, with respect to each Local Educational Agency, taxes, income, revenue (including, but not limited to, revenue from state and federal governments), cash receipts and other moneys of each Local Educational Agency (including moneys deposited in inactive or term deposits but excepting certain moneys encumbered for a special purpose), which are received in or accrued to such Local Educational Agency’s Fiscal Year 2020-21.

Unrestricted Revenues means taxes, income, revenue (including but not limited to revenue from state and federal governments), cash receipts and other moneys including moneys deposited in inactive or term deposits (but excepting certain restricted moneys and moneys encumbered for a special purpose) as provided in Section 53856 of the Act, and which are generally available for the payment of current expenses and other obligations of the District.

Unrestricted Revenues means taxes, income, revenue (including but not limited to revenue from state and federal governments), cash receipts and other monies of each Local Agency (including monies deposited in inactive or term deposits, but excepting certain monies encumbered for a special purpose), received in or accrued to each Local Agency’s 2020-21 Fiscal Year, and lawfully available for the payment of such Local Agency’s Note.