Repayment Source Sample Clauses
Repayment Source. Borrower must maintain positive cash balance of at least 10% of its operating expense/expenditure budget to be able to repay the loan; excess cash balance (over the 10%) should be used to make scheduled payments and catch-up payments. Missed scheduled payments shall be reported by the Finance Department to the City Council and the Utility Board.
Repayment Source. 2.3.1 Bannix agrees that repayment of the deferred amounts will be made from VisionWave’s working capital, to the extent that such funds are available, without impairing VisionWave’s operational obligations or shareholder commitments
Repayment Source. Borrower shall repay the Inter-Fund Loan funds received into the Aviation Fund through the FY19 Airport Improvement Program (AIP) grant and Passenger Facilities Charges (PFC).
Repayment Source. The City’s General Fund is the source of the loan payments. Borrower must maintain positive cash balance of at least 30% of its operating expense/expenditure and debt service transfer budget to be able to repay the loan. Missed scheduled payments shall be reported by the Finance Department to the City Council.