Examples of Water Revenues in a sentence
This pledge shall constitute a lien on and security interest in City Gross Water Revenues and funds established by this Agreement and shall attach, be perfected, and be valid and binding from and after the consummation of the Financing or the issuance of Parity Debt, without any physical delivery thereof or further act.
In addition to its obligations hereunder, City may issue or incur loans, bonds, notes, advances or indebtedness payable from City Gross Water Revenues on a junior and subordinated basis with its obligations hereunder in such principal amount as shall be determined by City.
The City received CDBG-PF funds for $1,000,000, DNR CWF Principal Forgiveness of about $235,000, and DNR CWF loan for about $750,000, CLIENT REFERENCE XXX XXXXX, DIRECTOR OF ADMIN./CITY CLERK 000 Xxxxx Xxxxxxx Xxxxxx, Xxxxxx Xxx, XX 00000 (920) 887-4600 xxxxxx@xxxxxxxxxxxxxxx.xxx leaving the remaining $1.115 million to be covered by the General Fund and Water Revenues.
For purposes of demonstrating compliance with the foregoing, Net Water Revenues may be adjusted (at the option of the District) to include the Additional Water Revenues.
The Net Water Revenues constitute a trust fund for the security and payment of principal of and interest on the Combined System Parity Obligations and the Water Parity Obligations.