Pledged Funds definition

Pledged Funds means all of the Series Pledged Funds.

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Pledged Funds means, collectively, the Pledged Revenue Fund, the Bond Fund, the Project Fund, the Reserve Fund and the Redemption Fund.

Pledged Funds means the County Sales Tax Bond Fund and any other funds established under the Indenture and pledged as security for the Bonds.

Examples of Pledged Funds in a sentence

• The Series 2010 Bonds shall not be deemed to constitute general obligations or a pledge of the faith and credit of the City, the State of Florida or any political subdivision thereof within the meaning of any constitutional, legislative or charter provision or limitation, but shall be payable solely from and secured by a lien upon and a pledge of the Pledged Funds, in the manner and to the extent herein provided.

• The City does hereby irrevocably pledge the Pledged Funds to the payment of the principal of and interest on the Series 2010 Bonds.

• The Loan evidenced by the Series 2010 Bonds shall not constitute a lien upon any real or personal property of the City, or any part thereof, or any other tangible personal property of or in the City, but shall constitute a lien only on the Pledged Funds, all in the manner and the extent provided herein.

• No Bondholder shall ever have the right, directly or indirectly, to require or compel the exercise of the ad valorem taxing power of the City or any other political subdivision of the State of Florida or taxation in any form on any real or personal property to pay the Series 2010 Bonds or the interest thereon, nor shall any Bondholder be entitled to payment of such principal and interest from any other funds of the City other than the Pledged Funds, all in the manner and to the extent herein provided.

• The City hereby pledges and assigns to the Lender and grants a lien in favor of the Lender on the Pledged Funds for so long as the Lender is the owner of the Series 2010 Bonds.

More Definitions of Pledged Funds

Pledged Funds means, until applied in accordance with the provisions of this Loan Agreement, all moneys, including investments thereof, in the Sinking Fund established hereunder. Pledged Funds shall include all amounts transferred to the Sinking Fund as a result of the County's covenant to budget and appropriate Non-Ad Valorem Revenues contained herein.

Pledged Funds means all amounts held in the funds and accounts created under the Indenture and pledged thereunder that secure the Bank Note, the Advances, the Revolving Loans, the Term Loans and the Obligations pursuant to Section 7.01 therein.

Pledged Funds means the Pledged Revenue Fund, the Bond Fund, the Project Fund (but only with respect to such accounts of the Project Fund created pursuant to the terms of this Indenture), the Reserve Fund, and the Redemption Fund.

Pledged Funds means (A) the revenues derived from Special Assessments and other moneys received by the Agency or its designee relating to some portion thereof, (B) until applied in accordance with the terms of the Financing Documents, all moneys in the funds, accounts and sub-accounts established thereby, including investments therein, and (C) such other property, assets and moneys of the Agency as shall be pledged pursuant to the Financing Documents; in each case to the extent provided by the Board of Directors pursuant to the Financing Documents. The Pledged Funds pledged to one series of Obligations may be different than the Pledged Funds pledged to other series of Obligations. Pledged Funds shall not include any general or performance assurance fund or account of the Agency.

Pledged Funds means and include the following:

Pledged Funds means the Revenue Fund, the Construction Fund, the Debt Service Fund and the Surplus Fund, each and every account and subaccount in any such fund, and any fund or account established pursuant to a Supplemental Indenture therein designated as a Pledged Fund.

Pledged Funds means (1) the Net Revenues, (2) the Wastewater Connection Fees and (3) until applied in accordance with the provisions of this Resolution, all moneys, including investments thereof, in the funds and accounts established hereunder, except (A) as for the Rebate Fund, (B) to the extent moneys therein shall be required to pay the Operating Expenses of the System in accordance with the terms hereof, and (C) any moneys set aside in a particular subaccount of the Reserve Account if such moneys shall be pledged solely for the payment of a different Series of Bonds for which it was established in accordance with the provisions hereof.