Payment Capacity definition

Payment Capacity means the financial capacity of a municipality to timely pay the principal, interest and redemption premium, if any, of loans and other obligations, as payments become due.
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Examples of Payment Capacity in a sentence

  • Subject to the provisions set forth in this Paragraph 6, the Republic covenants and agrees to apply the Annual Excess Payment Capacity, if any, for any calendar year from and including 2004 to and including 2009, towards the repurchase of any Public Performing Indebtedness.

  • Pricing Structure Overview The proposed pricing structure consists of an Energy Payment, Capacity Payment and O&M Payment assuming operating at up to 100% of stated capacity at 90% availability.

  • Parent shall not, and shall not cause any other Person to, take any action that would result in a material reduction of the Broadband Restricted Payment Capacity or the LLC Restricted Payment Capacity other than any action taken to effect the Drawdown in accordance with the terms of this Agreement.