Rate Covenant definition

Rate Covenant means the Authority’s covenant contained in Section 5.01 to impose rates and charges in the manner described therein.

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Rate Covenant means the requirements specified in Section 14(a) (Affirmative Covenants – Rate Covenant).

Rate Covenant means the rate covenant of the District set out in Section 705(a) of this Trust Agreement.

Examples of Rate Covenant in a sentence

Section 5.1. Maintenance of Existence, Etc 30 Section 5.2. Access and Reporting 30 Section 5.3. Further Assurances 33 Section 5.4. Application of Proceeds 33 Section 5.5. Compliance with Legal Requirements 33 Section 5.6. Payment of Debt 33 Section 5.7. Authority Documents 33 Section 5.8. Rate Covenant 34 Section 5.9. Creation of Debt and Liens 34 Section 5.10.
Section 5.1. Maintenance of Existence, Etc 30 Section 5.2. Access and Reporting 30 Section 5.3. Further Assurances 32 Section 5.4. Application of Proceeds 33 Section 5.5. Compliance with Legal Requirements 33 Section 5.6. Payment of Debt 33 Section 5.7. Authority Documents 33 Section 5.8. Rate Covenant 33 Section 5.9. Creation of Debt and Liens 34 Section 5.10.
The Governmental Agency shall within six months of receipt of such study, adopt rates, fees, and charges for the use of the System, based upon the recommendations contained in such study, that provide compliance with said Rate Covenant.
Host Customer shall, in each fiscal year, complete a review of its financial condition for the purpose of estimating whether the Gross Revenues for such Fiscal Year and the next succeeding fiscal year will be sufficient to comply with the Rate Covenant.
For the payment of this Governmental Agency Bond and the interest thereon, the Governmental Agency shall enforce the Rate Covenant set forth in Paragraph (1) of Exhibit F to the Loan Agreement, shall promptly collect all revenues of the System, and shall take all necessary action to collect any revenues that are in default.

More Definitions of Rate Covenant

Rate Covenant means the requirements set forth in the paragraph entitled “Rate Covenant” in the Section entitled “Additional General Covenants and Representations.”

Rate Covenant means the Port’s covenant contained in Section 5.01 hereof to fix, revise, maintain and collect CFCs and Contingent Fee Payments in the manner described therein.

Rate Covenant means the covenant of the Issuer set forth in Section 303 of this Trust Indenture.

Rate Covenant means the covenant as to fees, rates and other charges described in Section 7.1 hereof.

Rate Covenant means the obligation of the Authority to fix, charge, collect and revise rates, fees and other charges for the use of and the services furnished by the Systems sufficient to meet the requirements of Section 7.01(a).

Rate Covenant means the rate covenant provided for in Sections 15(a) and (b) of the WIFIA Bond Ordinance.

Rate Covenant means the covenant of the City with respect to rates established pursuant to Article 9 of this Master Declaration.