Special Revenue Bonds means the various series of Special Revenue Bonds (Atlantic City/Brigantine Connector Project - CRDA H-Tract Revenue Pledge Agreement) issued or to be issued by SJTA to MRI or an Affiliate of MRI pursuant to SJTA's Resolution adopted on October 8, 1997 and the Bond Purchase Agreement dated as of October 10, 1997 between SJTA and MRI, as the same may be amended from time to time hereafter.
Special Revenue Bonds means any issue or series of revenue bonds, revenue warrants or other revenue obligations of the University issued to directly or indirectly acquire (by purchase, lease or otherwise), construct, equip, install or improve part or all of particular
Special Revenue Bonds means City's revenue bonds or other obligations authorized and issued for the purpose of acquiring, constructing or improving a Special Facility to be leased to, or contracted for operation by, any person or entity, including City, with the income therefrom to be used for the payment of sums adequate to pay all principal, interest, redemption premiums, if any, and reserves, if any, as required in the legislation authorizing such Special Revenue Bonds and all operating expenses incurred in the operation of the Special Facility. Special Revenue Bonds are not issued under or secured by the Indenture.
Examples of Special Revenue Bonds in a sentence
At the same time the financial plan assumes the Commission will maintain debt service coverage ratios of at least 2.0x on annual debt service for its Turnpike Senior Revenue Bonds, 1.30x on combined debt service for its Turnpike Senior Revenue and Subordinate Revenue Bonds and 1.20x coverage across all three liens including the Senior, Subordinate and Subordinate Special Revenue Bonds.
Funds are then deposited to make up any deficiencies in the debt service reserve funds for the Subordinate Bonds, the Special Revenue Bonds Funded Debt Service Sub Account, or to repay PennDOT for any draws on the Motor License Fund.
Subordinate Revenue Bond investors are paid after the Senior Revenue Bonds, while Subordinate Special Revenue Bonds are secured on a junior basis to the Subordinate Revenue Bonds, but benefit from a back‐up pledge of the Commonwealth Motor License Fund.
Special Revenue Bonds (as defined in the United States Bankruptcy Code) of any state, state agency or subdivision described in (A) above and rated “AA” or better by S&P and “Aa” or better by Moody’s.
In accordance with the trust indentures for these bonds, “coverage” is calculated by (1) multiplying the JEDD Revenues by a percentage equal to the debt service on the respective bond issue divided by the total debt service on the Waterworks System Special Revenue Bonds and on the Sanitary Sewer System Special Revenue Bonds, and (2) dividing those “adjusted” JEDD Revenues by the debt service on the respective bond issue.
More Definitions of Special Revenue Bonds
Special Revenue Bonds industrial development bonds" and "utility first mortgage obligations" which the Borrower is permitted to insure under the provisions of Section 6904 (b) (1) (A), (B) or (C) of the New York Insurance Law (without regard to clause (J) thereof) as in effect on the date hereof issued by the United States of America, a state thereof or the District of Columbia, a municipality or governmental unit or other political subdivision of the foregoing or any public agency or instrumentality thereof, to the extent that the payment of principal thereof, together with interest thereon, is insured, reinsured or otherwise guaranteed by the Borrower under any Insurance Contract or by Xxxxxx Xxx Insurance Company under any Insurance Contract in existence on the Effective Date.
Special Revenue Bonds means the Airport Revenue Bonds, Master Bond Documents and Special Revenue Bonds respectively herein, as the same may be expanded, contracted, improved, modified, renovated, or changed in any way.
Special Revenue Bonds industrial development bonds" and "utility first mortgage obligations" which the Borrower is permitted to insure or reinsure under the provisions of Section 6904 (b) (1) (A), (B) or (C) of the New York Insurance Law (without regard to clause (J) thereof) as in effect on the Effective Date and issued by the United States, a state thereof or the District of Columbia, a municipality or governmental unit or other political subdivision of the foregoing or any public agency or instrumentality, in any event to the extent that the payment of principal thereof and/or interest thereon is insured, reinsured or otherwise guaranteed by the Borrower, and which, as of the Effective Date (with respect to Insured Obligations in the Covered Portfolio as of the Effective Date), or at the time it so insured, reinsured or otherwise guaranteed (with respect to Insured Obligations which are added to the Covered Portfolio after the Effective Date), has an investment grade rating (either directly or by a shadow rating) from Moody's, S&P or Fitch, Inc.
Special Revenue Bonds means taxable and tax-exempt obligations issued by City or on behalf of Airport, including bonds, refunding bonds, notes, bond anticipation notes, commercial paper, lease or installment purchase agreements or certificates of participation therein and other evidences of indebtedness, the principal of, premium, if any, and interest on which are payable from or secured in whole or substantial part by revenues other than Revenues.
Special Revenue Bonds means revenue bonds or obligations authorized and issued by the City for the purpose of acquiring, constructing or improving a Special Facility to be leased to, or contracted for operation by, any person or entity, including the City, with the income therefrom to be used for the payment of sums adequate to pay all principal, interest, redemption premiums, if any, and reserves, if any, as required in the legislation authorizing such Special Revenue Bonds and all operating expenses incurred in the operation of the Special Facility. Special Revenue Bonds are not issued under or secured by the Trust Indenture.
Special Revenue Bonds industrial development bonds" and "utility first mortgage obligations", in any event issued by a U.S. municipal or governmental unit or political subdivision, which an Eligible Insurer is permitted to insure under the provisions of Section 6904 (b) (1) (A), (B) or (C) of the New York Insurance Law (without regard to clause (J) thereof) and (ii) Eligible Asset Backed Securities, in any event to the extent that the payment of principal thereof, together with interest thereon, is insured, reinsured or otherwise guaranteed by an Eligible Insurer under an insurance contract and is in turn reinsured by the Borrower.
Special Revenue Bonds industrial development bonds" and "utility first mortgage obligations" which the Borrower is permitted to insure under the provisions of Section 6904(b)(1)(A), (B), (C) or (I) of the New York Insurance Law (without regard to clause (J) thereof) as in effect on the date hereof issued by the United States of America, a state thereof or the District of Columbia, a municipality or governmental unit or other political subdivision of the foregoing or any public agency or instrumentality thereof, to the extent that the payment of principal thereof, together with interest thereon, or other amounts due in respect thereof, is insured, reinsured or otherwise guaranteed by the Borrower under any Insurance Contract or by Xxxxxx Xxx Insurance Company under any Insurance Contract in existence on the Effective Date.