Non-Ad Valorem Revenues definition

Non-Ad Valorem Revenues means all revenues of the City derived from any source whatsoever other than ad valorem taxation and legally available to pay principal of and interest on the Note, but only after provision has been made by the City for the payment of all essential or legally mandated services.

Non-Ad Valorem Revenues means all legally available revenues of the Issuer derived from any source whatsoever, other than ad valorem taxation on real and personal property, which are legally available for the payment by the Issuer of debt service on the Non-Ad Valorem Revenue Obligations, including, without limitation, investment income and legally available non-ad valorem revenues derived from sources subject to a prior pledge thereof for the payment of other obligations of the Issuer and available after payment of principal and interest on such other obligations; provided, however, that revenues of the Issuer accounted for in an enterprise fund under governmental accounting principles, including without limitation, the Issuer's energy system and water, wastewater and stormwater systems, shall not be included as Non-Ad Valorem Revenues, except to the extent that revenues derived from any such sources are deposited into the Issuer's General Fund.

Non-Ad Valorem Revenues means all legally available revenues of the Issuer other than Ad Valorem Revenues.

Examples of Non-Ad Valorem Revenues in a sentence

• These Bonds/Loans are serviced by the County’s Legally Available Non-Ad Valorem Revenues.

• Maintain the SOPAC ‘brand’.Need to ensure SOPAC retains sufficient funding under SPC budget allocation processes to maintain Core programme inthe future.8. Institutional Strengthening and GovernanceNeed to ensure reformed organisation meets all donor requirements.Given SOPAC and EU strong partnership, EU requirements warrant particular emphasis to ensure continued benefit from EU Contribution Agreements.

• Such covenant and agreement on the part of the Issuer to budget, appropriate and deposit such amounts of Non-Ad Valorem Revenues shall be cumulative to the extent not paid, and shall continue until such Non-Ad Valorem Revenues or other legally available funds in amounts sufficient to make all such required payments shall have been budgeted, appropriated, deposited and actually paid.

• No lien upon or pledge of such budgeted Non-Ad Valorem Revenues shall be in effect until such monies are budgeted, appropriated and deposited as provided herein.

• The Issuer further acknowledges and agrees that the obligations of the Issuer to include the amount of such amendments in each of its annual budgets and to pay such amounts from Non-Ad Valorem Revenues may be enforced in a court of competent jurisdiction in accordance with the remedies set forth herein.

More Definitions of Non-Ad Valorem Revenues

Non-Ad Valorem Revenues means all legally available revenues of the Issuer other than ad valorem tax revenues.

Non-Ad Valorem Revenues means all revenues and taxes of the Borrower derived from any source whatsoever other than ad valorem taxation on real and personal property, which are legally available for Loan Repayments.

Non-Ad Valorem Revenues means all revenues of the Issuer other than Ad Valorem Revenues, and which are lawfully available to be used to pay debt service on the Note.

Non-Ad Valorem Revenues means all legally available revenues and taxes of the County derived from any source whatever other than ad valorem taxation on real and personal property, which are legally available for the payments due hereunder.

Non-Ad Valorem Revenues means all revenues of the City derived from any source whatsoever, other than ad valorem taxation on real and personal property, which are legally available to make the payments required herein.

Non-Ad Valorem Revenues means all legally available non-ad valorem revenues of the Issuer; provided, however that Non-Ad Valorem Revenues shall (a) be received by the Issuer from sources other than the levy of ad valorem taxes upon property, and (b) not be restricted by law so as to be unable to be applied to pay the Debt Service on the Note and other Issuer debt secured by Non-Ad Valorem Revenues, and to make the other payments, if any, required under the Note or hereunder.

Non-Ad Valorem Revenues means all revenues of the Issuer, other than revenues generated from ad valorem taxation on real or personal property, which are legally available to make the payments on the Note.