Net Revenue of the System definition

Net Revenue of the System means the Gross Revenue of the System minus Operation and Maintenance Expenses.
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Net Revenue of the System or ''Net Revenue" means Gross Revenue less
Sample 1
Net Revenue of the System or "Net Revenue" means Gross Revenue less (1) Maintenance and Operation Expense (2) deposits into the Rate Stabilization Account and plus withdrawals from the Rate Stabilization Account.
Sample 1

Examples of Net Revenue of the System in a sentence

  • The certificate, in estimating the Net Revenue of the System shall use the historical Net Revenue of the System for any 12 consecutive months out of the 24 months immediately preceding the month of delivery of the Future Parity Revenue Bonds.

  • Net revenue from any person, firm, corporation or municipal corporation under any executed contract for water or other utility service, which revenue was not included in the historical Net Revenue of the System.

  • The certificate, in estimating the Net Revenue of the System available for Debt Service, shall use the historical Net Revenue of the System for any 12 consecutive months out of the 18 months immediately preceding the month of delivery of the Parity Revenue Bonds.

  • It will establish, maintain and collect rates and charges for water and sanitary sewage collection and disposal service for as long as any of the Parity Revenue Bonds are outstanding, that will make available for the payment of the principal of and interest on all of such bonds as the same shall become due, an amount of Net Revenue of the System, equal to the Coverage Requirement each calendar year hereafter.

  • The engineer's or accountant's estimate of the Net Revenue of the System to be derived from customers expected to connect to the System within 180 days after the date of the certificate.

  • Neither the full faith and credit nor the taxing power of the City, nor any revenues of the City derived from sources other than the System, is pledged for the payment of the principal of or interest on the Bonds.Outstanding Parity BondsUpon the issuance of the Bonds, the City will have the following Parity Bonds outstanding with a lien and charge on the Net Revenue of the System and ULID Assessments on parity with the Bonds.

  • Net revenue from any person, firm, corporation or municipal corporation under any executed contract for sewer or other utility service, which revenue was not included in the historical Net Revenue of the System.

  • See “THE UTILITY SYSTEM – Utility Capital Facilities Plan.”SECURITY FOR THE BONDS‌The Bonds are special limited obligations of the City payable from and secured solely by the Net Revenue of the System and by money in the Bond Fund, including the Reserve Account.

  • PIKITUP reserves the right to negotiate terms and conditions of the contract, to award the contract to one or more bidders, award a portion of the scope, or not to award at all.

  • There shall be on file from either a District representative or a licensed professional engineer experienced in the design, construction and operation of municipal utilities, or from an independent certified public accountant, a certificate showing that in his or her professional opinion the Net Revenue of the System for any 12 consecutive calendar months shall be equal to the Coverage Requirement for each year thereafter for the Parity Bonds and the proposed bonds.


More Definitions of Net Revenue of the System

Net Revenue of the System or "Net Revenue" shall mean the Gross Revenue less Maintenance and Operation Expenses.
Sample 1

Related to Net Revenue of the System

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. Proportional Multi-Driver Project: “Proportional Multi-Driver Project” shall have the same meaning provided in the Operating Agreement. Pseudo-Tie:

  • Net Revenues means the difference between:

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Anticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • Gross Revenue means:

  • Gross Profits means the gross profits calculated under section 4;

  • Anticipated total county revenue availability means the sum of the:

  • 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.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • State average current expense appropriations per student means the most

  • 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.

  • future net revenue means a forecast of revenue, estimated using forecast prices and costs or constant prices and costs, arising from the anticipated development and production of resources, net of the associated royalties, operating costs, development costs, and abandonment and reclamation costs;

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.