General Receipts definition

General Receipts means, as reported in the Financial Statements (having the designations, to the extent not otherwise defined herein, set forth in the Financial Statements or such successor designations that may hereafter be used in Financial Statements):

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General Receipts means all moneys received by the University, except: (i) moneys raised by taxation and state appropriations; (ii) any grants, gifts, donations and pledges and receipts therefrom which under restrictions imposed in the grant or promise thereof or as a condition of the receipt thereof are not available for payment of Debt Service Charges; and (iii) any special fee charged pursuant to Section 154.21(D) of the Ohio Revised Code and receipts therefrom.

General Receipts means such term as defined in the General Receipts Trust Agreement. “General Receipts Obligations” means Obligations as defined in the General Receipts Trust

Examples of General Receipts in a sentence

The Property Manager shall cause all amounts deposited into the General Receipts Account with respect to the Collateral to be transferred to the Collection Account or the Lockbox Transfer Account within one Business Day after such funds have been identified, cleared and become available in accordance with the polices of the General Receipts Account Bank.
On or prior to the applicable Series Closing Date (or, if later, the date the related Lease or Mortgage Loan is first included in the Collateral Pool), the Property Manager shall instruct each Tenant and Borrower to make all payments into a General Receipts Account.
Each of the Property Manager and the Special Servicer shall, on or prior to each Series Closing Date (or, if applicable, such other date of acquisition), as to those Leases and Mortgage Loans it is obligated to service hereunder, instruct the related Tenant or Borrower to make all Monthly Lease Payments and Monthly Loan Payments to a General Receipts Account.
With respect to amounts contained in the General Receipts Account, the Property Manager or the Back-Up Manager shall at all times be able to readily identify any amounts that constitute Collateral.
Each of the Property Manager and the Special Servicer shall, on or prior to each Series Closing Date (or, if applicable, such other date of acquisition), as to those Leases it is obligated to service hereunder, instruct the related Tenant to make all Monthly Lease Payments to a General Receipts Account.
General Receipts Accounts; Collection Account; Release Account; Servicing Account 31 Section 3.03.
Each General Receipts Account shall (i) be maintained at an institution that satisfies the institutional requirements of clauses (i) or (ii) of the definition of Eligible Account or (ii) is otherwise acceptable to the Rating Agency (as evidenced by written confirmation from the Rating Agency) and may be an account to which payments relating to other assets serviced or managed by the Property Manager are paid.
Each General Receipts Account shall (i) be maintained at an institution that satisfies the institutional requirements of clauses (i) or (ii) of the definition of Eligible Account or (ii) is otherwise acceptable to the Rating Agencies (as evidenced by written confirmation from such Rating Agencies) and may be an account to which payments relating to other assets are paid; provided, that such account shall be in the nature of a clearing account and the Property Manager shall not have access to such account.
The first was the University of Kentucky General Receipts Bonds, 2022 Series B and Taxable Series C.
Each General Receipts Account shall (i) be maintained at an institution that satisfies the institutional requirements of clauses (i) or (ii) of the definition of Eligible Account or (ii) is otherwise acceptable to the Rating Agencies (as evidenced by written confirmation from such Rating Agencies) and may be an account to which payments relating to other assets are paid; provided, that such account shall be in the nature of a clearing account.

More Definitions of General Receipts

General Receipts means the Issuer’s “available receipts”, as defined in Section 3345.12 of the Ohio Revised Code, and generally means all moneys received by the Issuer including but not limited to all gross fees, deposits, charges, receipts and income from all or any part of the students of the Issuer, whether designated as tuition, instructional fees, tuition surcharges, general fees, activity fees, health fees or other special purpose fees or otherwise designated; all gross income, revenues and receipts from the operation, ownership, or control of Issuer Facilities; all grants, gifts, donations and pledges and receipts therefrom; and the proceeds of the sale of Obligations, including proceeds of Obligations issued to refund obligations previously issued, to the extent and as allocated to Debt Service Charges under the proceedings authorizing such Obligations. However, there shall be excluded from General Receipts: (i) moneys raised by taxation and State appropriations until and unless the pledge thereof to the payment of Debt Service Charges is authorized by law and is made hereunder by a Supplemental Trust Agreement approved by the Board; (ii) Restricted Moneys; and