NMUI definition
Examples of NMUI in a sentence
In no event shall funded debt at Suburban exceed Suburban’s bondable capacity at any time, and any and all mortgage bonds issued by Suburban and/or NMUI subsequent to the date of this Agreement shall have an NAIC rating of “1” or “2”.
The Authority claims a proper valuation is approximately $31 million while NMUI has an independent appraisal indicating $98 million.
The entire principal balance of the Term Loan, together with accrued and unpaid interest thereon, shall be due and payable in full upon the funding of the anticipated bond offering by NMUI.
NMUI: A condemnation suit by eminent domain was filed against NMUI on January 19, 2007 by the Albuquerque Bernalillo County Water Authority ("ABCWUA" or "Authority")) and The City of Rio Rancho.
The suit seeks to condemn this utility on the pretense that NMUI is not properly managing the water utility and is thereby harming the Rio Grande water basin and further improperly utilizing certain return flow credits.
A companion case has also been filed by NMUI against the Authority as a result of the Authority increasing certain sewer rate charges from $1300 per month to over $90,000 per month, allegedly in violation of an existing agreement.
The Bank acknowledges that (A) Suburban has an existing first mortgage indenture encumbering substantially all of its assets to secure two series (A and B) of first mortgage bonds and that Suburban proposes to issue a third series (C) of first mortgage bonds in a principal amount of $8,000,000 and (B) NMUI has an existing first mortgage indenture encumbering substantially all of its assets to secure its Series A first mortgage bonds and proposes to issue Series B bonds in a principal amount of $4,000,000.