Adjusted Net Revenues definition

Adjusted Net Revenues means for any operating year the excess of revenues over expenses for the System determined in accordance with generally accepted accounting principles, to which shall be added depreciation, amortization, interest expense on Bonds and payments to the City in lieu of taxes, to which may be made the following adjustments.

Adjusted Net Revenues means the Net Revenues, adjusted for purposes of Section 7.1.C(ii) as provided in Section 7.3.

Adjusted Net Revenues means for any operating year the Net Revenues to which may be made the following adjustments:

Examples of Adjusted Net Revenues in a sentence

• Concluding that the amount of Adjusted Net Revenues in the fifth Fiscal Year described in Section 7.1.C(ii)(a) is at least equal to one hundred twenty-five percent (125%) of the Maximum Annual Bond Debt Service, calculated for the period beginning with that fifth Fiscal Year on all then Outstanding Bonds, with the proposed Parity Bonds treated as Outstanding.

• Concluding that the amount of Adjusted Net Revenues in the fifth fiscal year described in Section B.3.C.(ii)(a) is at least equal to one hundred twenty percent (120%) of the maximum annual debt service on the Loan, all outstanding senior lien obligations, and all outstanding Parity Obligations, with the proposed Parity Obligations treated as outstanding.

• The Aligned Parties shall pay to the Company within ten (10) days after receipt of any payment under or relating to any Designated Contract the Adjusted Net Revenues for the period covered by such payment.

• The determination of the certified public accountant shall be final and binding on the Company and the Aligned Parties, and the Adjusted Net Revenue Calculations, as modified to reflect (i) those differences, if any, that the Company and the Aligned Parties were able to resolve, and (ii) the certified public accountant’s determination with regard to the remaining disputed items, shall be the final and binding resolution of the Adjusted Net Revenues for the applicable period.

• Coverage Test 1 is the ratio of Adjusted Net Revenues divided by Adjusted Debt Service for a minimum ratio of 1 time.

More Definitions of Adjusted Net Revenues

Adjusted Net Revenues for any Fiscal Year means Net Revenues in such Fiscal Year (as adjusted for any deferred revenues), plus withdrawals, if any, from the Rate Stabilization Fund that have been allocated to such Fiscal Year pursuant to the Master Resolution (other than withdrawals constituting deferred revenues), less deposits, if any, into the Rate Stabilization Fund that have been allocated to such Fiscal Year pursuant to the Master Resolution (other than deposits constituting deferred revenues).

Adjusted Net Revenues means Net Revenues plus, in the case of the acquisition by Housecall or its Subsidiaries of any Receivables in connection with any Permitted Acquisition during any calculation period, the gross revenues of the Person or business segment acquired relating to such Receivables (less contractual adjustments) from the first day of such calculation period through the date such Receivables are acquired.

Adjusted Net Revenues means, with respect to a District, for any period (a) the Adjusted Revenues of such District for such period, less (b) the Operation and Maintenance Costs of such District for such period.

Adjusted Net Revenues means the Net Revenues, adjusted for purposes of Section6.1 as provided in Section 6.3.

Adjusted Net Revenues means, for any period, reported net revenues of the Borrower and its Subsidiaries for such period, in each case as adjusted for (i) revenues that are associated with locations in which cash collections are not statistically tracked and (ii) revenues associated with Joint Ventures.

Adjusted Net Revenues means Net Revenues less all connection fees received by the City for water and other services of the Water system. Assumed Rate

Adjusted Net Revenues has the meaning set forth in Section 2.10(a).