Enterprise Revenues definition
Examples of Enterprise Revenues in a sentence
Each Participant covenants and agrees that it will fix rates and charges for the commodities and services provided by its Enterprise which will provide the Participant at all times with Enterprise Revenues which will be sufficient, together with other funds available to make such payments, to meet when due its obligations under this Agreement and all other obligations payable from the Enterprise Revenues on a basis prior to or on a parity with such obligations.
A photocopy or other reproduction of this Agreement or any financing statement covering the Dominion Account and Enterprise Revenues or any part thereof shall be sufficient as a financing statement where permitted by law.
The obligation of each Participant to make any and all payments hereunder is a special obligation of such Participant which the Participant is obligated to make solely from its Enterprise Revenues.
Nothing herein shall be construed as prohibiting any Participant, in its sole discretion, from using any funds other than Enterprise Revenues for the purpose of satisfying any provisions of this Agreement, or from entering into contracts or incurring other obligations payable from its Enterprise Revenues on parity with such Participant’s obligation to make payments hereunder.
The Borrower hereby authorizes the Agent, with the prior written consent of Great Lakes, or Great Lakes to file this Agreement (if the Borrower shall fail to provide an appropriate financing statement within ten (10) business days after request) or one or more continuation statements in respect thereof, relating to all or any part of Dominion Account and the Enterprise Revenues without the additional signature or consent of the Borrower where permitted by law.
The Borrower agrees that it will direct the Manager and any other applicable parties to cause all Enterprise Revenues to be transferred to the Agent on each Business Day for deposit into the Dominion Account.
The phrase “NCPA shall issue Bonds for a Participant” or any similar phrase shall be construed to mean that NCPA shall use its best reasonable efforts to issue Bonds payable from the Project Net Revenues related to such Participant’s GES, subject to any legal limitations on such issuance, limitations applicable to the terms of such Bonds, the credit evaluations for the applicable Indenture Group Participants’ Enterprise Revenues and the market conditions applicable to such issuance.
Notwithstanding the foregoing, if the security interest granted pursuant to Section 3.1 to the Collateral Agent is released or terminated for any reason (including, without limitation, in connection with the payment in full of the First Lien Secured Obligations), only Enterprise Revenues shall be required thereafter to be deposited in the Dominion Account pursuant to this Section 2.2.
The Agent shall deposit into the Dominion Account, as received, each and every payment of Enterprise Revenues or proceeds thereof delivered to the Agent in accordance with Section 2.
With respect to each Participant all income, rents, rates, fees charges and other revenues derived by the Participant from the ownership or operation of its Enterprise; provided, however that a Participant’s Enterprise Revenues shall not include any moneys which by law are limited to uses other than the payment of operating expenses of the Participant’s Enterprise or, with respect to Capital Contributions and Contributions in Aid of Construction, capital costs of the Project.