Auxiliary Facilities Gross Pledged Revenues definition

Auxiliary Facilities Gross Pledged Revenues means all income from rents, board or both derived from Auxiliary Facilities.
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Examples of Auxiliary Facilities Gross Pledged Revenues in a sentence

  • Upon the sale of any or all of the Auxiliary Facilities, the Board and the University shall furnish a certificate to the Trustee stating the average annual Auxiliary Facilities Gross Pledged Revenues received by the Board and the University from such Auxiliary Facilities, based upon the last three Fiscal Years preceding the sale of such Auxiliary Facilities, as reported in the University’s annual financial statements which have been certified by an Independent Accountant.

  • This Indenture does not pledge or mortgage any property constituting part of the University other than the Auxiliary Facilities Gross Pledged Revenues and the Pledged Revenues.

  • The Board covenants that it will keep, or will cause the University to keep, accurate records and accounts of (i) all items of cost and of all expenditures relating to Projects financed under this Indenture, (ii) the Auxiliary Facilities Gross Pledged Revenues collected by it, (iii) the Operation and Maintenance Expenses paid by it, (iv) the Pledged Revenues collected by it and (v) the application of the Auxiliary Facilities Gross Pledged Revenues and the Pledged Revenues.

  • Nothing herein prevents the commingling of monies accounted for in any two or more book accounts pertaining to the Auxiliary Facilities, the Auxiliary Facilities Gross Pledged Revenues or the proceeds of securities or other monies in any bank account or investment in federal securities.

  • The addition of Auxiliary Facilities Gross Pledged Revenues or Pledged Revenues shall be evidenced by a certificate executed by a University Representative identifying the items to be added.

  • The Board reserves the right to include in Auxiliary Facilities Gross Pledged Revenues and Pledged Revenues, at its sole option, in the future, other sources of revenue or income excluded in the definition of Auxiliary Facilities Gross Pledged Revenues or Pledged Revenues.

  • The Board and the University shall make such transfers and deposits to the Operation and Maintenance Accounts, from the Auxiliary Facilities Gross Pledged Revenues, as and when received, to pay the Operation and Maintenance Expenses as the same become due and payable, and whereupon they shall be promptly paid.

  • Drop the batter by 1/4 cupfuls on to the griddle and cook the pancakes until bubbles appear and the edges look dry, about 3 minutes.

  • The Board hereby approves the Amended Indenture in substantially the form attached as Exhibit A hereto, including the pledge of the Auxiliary Facilities Gross Pledged Revenues and Pledged Revenues (each, as defined therein) thereunder to the secure payment of all Bonds (as defined therein) issued thereunder.

  • At any and all reasonable times and upon reasonable prior written notice, the Trustee, and its duly authorized agents, attorneys, experts, engineers, accountants and representatives, shall have the right (but shall have no duty) to fully inspect all books, papers and records of the Board and the University pertaining to the Bonds, the Auxiliary Facilities Gross Pledged Revenues and the Pledged Revenues and to take such memoranda from and in regard thereto as may be desired.

Related to Auxiliary Facilities Gross Pledged Revenues

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Pledged revenue means money pledged to the payment of or as security for:

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

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

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • School facilities project means the planning, acquisition, demolition, construction, improvement, alteration, modernization, renovation, reconstruction or capital maintenance of all or any part of a school facility or of any other personal property necessary for, or ancillary to, any school facility, and shall include fixtures, furnishings and equipment, and shall also include, but is not limited to, site acquisition, site development, the services of design professionals, such as engineers and architects, construction management, legal services, financing costs and administrative costs and expenses incurred in connection with the project;

  • Approved Operating Expenses operating expenses incurred by Borrower which (i) are included in the Approved Operating Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or (iii) have been approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities. Generation Interconnection Customer:

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • 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.

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Facilities Study shall be an engineering study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) to: (1) determine the required modifications to the Transmission Provider’s Transmission System necessary to implement the conclusions of the System Impact Study; and (2) complete any additional studies or analyses documented in the System Impact Study or required by PJM Manuals, and determine the required modifications to the Transmission Provider’s Transmission System based on the conclusions of such additional studies. The Facilities Study shall include the cost and scheduled completion date for such modifications, that will be required to provide the requested transmission service or to accommodate a New Service Request. As used in the Interconnection Service Agreement or Construction Service Agreement, Facilities Study shall mean that certain Facilities Study conducted by Transmission Provider (or at its direction) to determine the design and specification of the Customer Funded Upgrades necessary to accommodate the New Service Customer’s New Service Request in accordance with Tariff, Part VI, section 207. Federal Power Act:

  • Resource recovery facility means a solid waste facility

  • Eligible Facilities Request means any request for modification of an existing tower or base station that does not substantially change the physical dimensions of such tower or base station, involving:

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Availability Reserves means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Agent from time to time determines in its discretion as being appropriate (a) to reflect the impediments to the Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Agent determines may need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which the Agent believes in good faith could adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in the Agent’s discretion, (but are not limited to) reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of the Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) customer deposits, (viii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves and (xii) royalties payable in respect of licensed merchandise.

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.