State Payments definition

State Payments means the payments to be made by the State in each year during the Agreement Term as set forth in Exhibit C hereto, as provided in Section 4.6 hereof.

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State Payments means the Foundation Payments, which are permitted to be used as Pledged Revenues; provided, however, “State Payments” shall not include Special Disbursements.

State Payments means the payments to be made by the State in each year during the Agreement Term of (i) the Base Rental Payments as set forth in Exhibit C hereto, as provided in Section 4.6 hereof and as may be reduced as provided in Section 4.7(c) hereof, and (ii) the State Supplemental Rental Payments (if any, up to a maximum annual amount as set forth in Exhibit C hereto) as provided in Section 4.6 hereof, all subject to appropriation in the manner required by State law (which process shall include, without limitation, inclusion of the State Payments in the State budget request, passage of appropriation legislation by the General Assembly and approval of the applicable appropriation ▇▇▇▇ by the Governor).

Examples of State Payments in a sentence

• All State Payments shall be deposited by the Trustee in accordance with the provisions of the State Indenture and shall be used and applied by the Trustee in the manner and for the purposes set forth in the State Indenture.

• Under the State Indenture, the Authority will, as additional security for the State Bonds, assign, transfer, pledge and grant a security interest to the Trustee in the State Payments and other moneys received by the Authority hereunder and directed to be deposited by the Authority with the Trustee under the State Indenture (the “State Obligations”).

• The Certificates with a Principal Payment Date of , 20 are subject to mandatory prepayment prior to their stated Principal Payment Date, in part in Authorized Denominations, from State Payments on the Principal Payment Dates on and after , 20 , in the amount of the Principal Component evidenced and represented thereby being prepaid, plus accrued interest evidenced and represented thereby to the Prepayment Date, without premium, as follows: Mandatory Prepayment Date *Final Maturity.

• Notwithstanding anything to the contrary in this Agreement, the State shall have no obligation under this Agreement to make any City Payments, and the City shall have no obligation under this Agreement to make any State Payments.

• The subject matter of this Grant Agreement is State Payments to Municipal Education 32 VSA § 4041a.

More Definitions of State Payments

State Payments means the payments to be made by the State to the Issuer pursuant to Section 212.20(6)(d)6.e. and 288.11631, Florida Statutes.

State Payments has the meaning assigned to such term in the Preamble. “Supporting Obligations” has the meaning given to such term in the UCC.

State Payments means any and all payments made by the State of Nevada relating to the Series 2018 Facilities, the Series 2020 Facilities and the Series 2024 Facilities pursuant to the Charter School Act as determined pursuant to the terms of the Custodial Agreement which are permitted to be used as Pledged Revenues, and specifically excluding State Payments relating to any other campus owned or operated by the Borrower.

State Payments means the monthly payments to be received by the City from the State as a result of obtaining certification of the Project as a “retained spring training franchise facility” in accordance with Section 288.1162, Florida Statutes.

State Payments means any and all payments made by the State to the Lessee pursuant to the Charter Schools Act which are permitted to be used as Gross Revenues.

State Payments are payments made by the Utah State Treasurer to the Charter School pursuant to the Charter Schools Act. All State Payments are subject to annual appropriation by the State legislature. State Payments are the primary source of revenues of the Charter School and are the principal and expected source of repayment of the Charter School’s obligations under the Loan Agreement, representing debt service on the Series 2024 Bonds. See “RISK FACTORS–No Taxing Authority; Dependence on State Payments.” The Series 2024 Bonds are limited obligations of the Issuer payable solely from the Trust Estate, do not give rise to a general obligation or liability of the Issuer or a charge against its general credit, and shall never constitute nor give rise to a pecuniary liability of the Issuer. The Series 2024 Bonds do not constitute a debt, moral obligation, liability or loan of credit or a pledge of the full faith and credit or taxing power of the State, the Issuer, or any political subdivision of the State. All State Payments received by the Charter School pursuant to the Charter Schools Act are subject to annual appropriation. The Charter School has no taxing power.

State Payments means all of the rights, title and interest of ▇▇▇▇▇▇▇▇ in, to and under all amounts to be paid by the State or agent of the State or any other Account Debtor to Borrower in respect of or arising from the Charter School, including, but not limited to, the local control funding formula, funding in-lieu of property taxes, education protection account funds, special education funds, SB 740 funds, transportation, after school activities and school nutrition funding, and all other Payment Intangibles and other funds that Borrower may be entitle to, including all amounts due or to become due and all amounts received with respect to the foregoing, all proceeds of the foregoing, and any and all claims and causes of action (whether based on contract, tort, statute, or otherwise), and all rights and remedies in law and in equity, related to the entitlement, ownership, collection or otherwise of the foregoing.