System Net Revenues definition

System Net Revenues means System Revenues remaining after payment of Maintenance and Operation Costs then due and payable.
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System Net Revenues means the remaining System Revenues after deducting Operation and Maintenance Costs.
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System Net Revenues means for any period, System Revenues less Operation and Maintenance Costs for such period; provided that certain adjustments in the amount of System Net Revenue deemed collected during a Fiscal Year may be made in connection with amounts deposited in the Rate Stabilization Fund as provided in Section 3.6 herein.
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Examples of System Net Revenues in a sentence

  • From and after the Crossover Date, 2016 Purchase Payments and all other payments with respect to Distribution System Parity Obligations shall be equally secured by the Distribution System Net Revenues without priority for number or date of delivery of such Distribution System Parity Obligations.

  • Limits on Bonds and Obligations Secured by Distribution System Net Revenues 39 Section 6.07.

  • The District shall punctually pay or cause to be paid the principal and interest to become due in respect of all of the 2017 Bonds, in strict conformity with the terms of the 2017 Bonds and of the Indenture, according to the true intent and meaning thereof, but only out of System Net Revenues and other assets pledged for such payment as provided in the Indenture.

  • The City shall not incur any obligation, the payment of which is payable from and secured by a lien and charge on the System Net Revenues prior to the lien and charge on System Net Revenues securing the 2016 Installment Payments under this 2016 Installment Sale Agreement.

  • From and after the Crossover Date, the City is obligated to make 2020 Purchase Payments solely from Distribution System Net Revenues.

  • The City may make adjustments from time to time in such fees and charges and may make such classification thereof as it deems necessary, but shall not reduce the rates and charges then in effect unless the System Net Revenues from such reduced rates and charges will at all times be sufficient to meet the requirements of this Section.

  • Application of System Net Revenues and Rate Stabilization Fund Upon Acceleration 20 Section 6.03.

  • From and after the Crossover Date, the Distribution System Net Revenues in the Distribution System Revenue Fund shall be held in trust by the Treasurer of the City for the benefit of the holders of the 2016 Bonds and any other Distribution System Parity Obligations.

  • The City will not enter into any lease or agreement which impairs the operation of the System or any part thereof necessary to secure adequate System Net Revenues for the payment of the Installment Payments, or which would otherwise impair the rights of the Owners with respect to the System Net Revenues or the operation of the System.

  • Limits on Bonds and Obligations Secured by Distribution System Net Revenues 38 Section 6.07.


More Definitions of System Net Revenues

System Net Revenues. The term “System Net Revenues” means, for any period, the System Revenues for such period less the Operation and Maintenance Costs for such period. When held by the Trustee in any funds or accounts established hereunder, System Net Revenues shall include all interest or gain derived from the investment of amounts in any of such funds or accounts.
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System Net Revenues means for any period System Revenues less Operation and Maintenance Costs for such period; provided that certain adjustments in the amount of System Net Revenue deemed collected during a Fiscal Year may be made in connection with amounts deposited in the Rate Stabilization Fund as provided in the Indenture; provided, that System Net Revenues shall not include any amounts pledged to pay debt service on the Senior 2001 Bonds.
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System Net Revenues means System Revenues less operations and maintenance (excluding depreciation and debt service) of a Member.
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System Net Revenues means for any period System Revenues less Operation and Maintenance Costs for such period.
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System Net Revenues means for any period of computation, the amount of the System Gross Revenues during such period less the amount of Maintenance and Operation Costs during such period.
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System Net Revenues means, for any Fiscal Year or other period of calculation, the System Revenues for such Fiscal Year or other period of calculation less the Maintenance and Operation Costs for such Fiscal Year or other period of calculation.
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Related to System Net Revenues

  • System Revenues means all rates, rents, fees, charges,

  • Net Revenues means revenues less related expenses, including

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;