Utility Revenues definition

Utility Revenues shall have the meaning given to such term in the Construction and Financing Interlocal Agreement.

Utility Revenues means all charges received for, and all other income and receipts derived by Purchaser from, the operation of Purchaser’s utility system, or arising from Purchaser’s utility system, including income derived from the sale or use of electric energy generated, transmitted, or distributed by any facilities of Purchaser’s utility system, together with any receipts derived from the sale of any property pertaining to Purchaser’s utility system or incidental to the operation of Purchaser’s utility system or from any services performed by Purchaser in connection with or incidental to Purchaser’s utility system, or from any other source whatsoever directly or indirectly derived from Purchaser’s utility system, but exclusive in every case of any moneys derived from the levy or collection of taxes upon any taxable property within the jurisdictional boundaries of Purchaser.

Utility Revenues means all income, rents, rates, fees, charges and other moneys derived from the ownership or operation of Purchaser’s electric system, including, without limiting the generality of the foregoing, (1) all income, rents, rates, fees, charges, or other moneys derived by the Purchaser from the sale, furnishing and supplying of the electric capacity or energy or other services, facilities, and commodities sold, furnished or supplied through the facilities of or in the conduct or operation of the business of the Purchaser’s electric system, (2) the earnings on and income derived from the investment of such income, rents, rates, fees, charges, or other moneys to the extent that the use of such earnings and income is limited to Purchaser’s electric system by or pursuant to law, (3) deferred revenues and moneys maintained in the Purchaser’s operating reserve fund and (4) such other income, charges, revenue or moneys maintained in reserves as the Purchaser may specify in a written order of the Purchaser filed with the Issuer, but excluding (A) in all cases customers’ deposits or any other deposits or advances subject to refund until such deposits or advances have become the property of the Purchaser; and (B) such other income, charges, revenue or moneys as the Purchaser may specify in a written order of the Purchaser filed with the Issuer, provided that such written order of the Purchaser confirms that, following the filing of such written order of the Purchaser, (i) the requirements of Section 14.7 shall be satisfied; and

Examples of Utility Revenues in a sentence

• Section 14.1 Monthly Statements 28 Section 14.2 Payments 29 Section 14.3 Payment of Disputed Amounts 29 Section 14.4 Late Payment 29 Section 14.5 Audit; Adjustments 29 Section 14.6 Netting; No Set-Off 30 Section 14.7 Source of Purchaser’s Payments 30 Section 14.8 Rate Covenant 30 Section 14.9 Pledge of Utility Revenues 31 Section 14.10 Financial Responsibility 31 ARTICLE XV.

• Purchaser further covenants and agrees that in any future bond issue undertaken by Purchaser, or in connection with any other financing or financial transaction, Purchaser shall provide that the amounts payable by it under this Agreement constitute a cost of purchased Product and an operating expense of its electric system payable, together with all other operating expenses, from a first charge on Utility Revenues.

• Purchaser hereby covenants and agrees that it will establish, fix, prescribe, maintain, and collect rates, fees, and charges from the customers of its utility system so as to provide Utility Revenues sufficient to enable Purchaser to pay Issuer all amounts payable under this Agreement and to pay all other amounts payable from Utility Revenues, and to maintain any required reserves for Purchaser’s utility system.

• Purchaser covenants and agrees to make payments due hereunder from Utility Revenues, and only from such Utility Revenues, as an operating expense of its utility system; provided, however, that Purchaser may apply any legally available monies to the payment of amounts due hereunder.

• Purchaser shall not grant any lien on or security interest in, or otherwise pledge or encumber, the Utility Revenues if the terms or effect of such lien, pledge or other encumbrance results in such lien, pledge or other encumbrance having priority over the obligations of Purchaser to pay the Contract Price, which obligations constitute operating expenses of Purchaser.

More Definitions of Utility Revenues

Utility Revenues means the revenues collected pursuant to Act 100, the Amended and Restated Trust Agreement and the Bond Indenture in the annual amount up to Twelve Million, Five Hundred Thousand Dollars and zero/100 ($12,500,000.00).

Utility Revenues means the revenues collected pursuant to Xxx 000, the Amended and Restated Trust Agreement and the Bond Indenture in the annual amount up to Twelve Million, Five Hundred Thousand Dollars and zero/100 ($12,500,000.00).

Utility Revenues means revenues derived by the City from the provision of