Surplus Net Revenues definition

Surplus Net Revenues means that portion of the Net Revenues in excess of the current requirements of the Operating Account, the Revenue Bond Account and the Reserve Account.
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Surplus Net Revenues means Net Revenues remaining after required deposits to the Debt Service Account and Reserve Account.
Sample 1

Examples of Surplus Net Revenues in a sentence

  • There shall next be set aside and credited, upon each monthly apportionment, to the Replacement and Depreciation Account such portion of the Net Revenues, in excess of the current requirements of the Revenue Bond Account (which portion of the Net Revenues is referred to herein as Surplus Net Revenues), as the City Council shall determine to be required for the accumulation of a reasonable reserve for renewal of worn out, obsolete or damaged properties and equipment of the Improvements.

  • There shall next be set aside and credited, upon each monthly apportionment, to the Replacement and Depreciation Account Surplus Net Revenues of the System, as the governing body of the Borrower shall determine to be required for the accumulation of a reasonable allowance for depreciation of the System and for replacement or renewal of worn out, obsolete or damaged properties and equipment thereof.

  • There shall next be set aside and credited, upon each monthly apportion- ment, to the Replacement and Depreciation Account such portion of the Net Revenues, in excess of the current requirements of the Revenue Bond Account (which portion of the Net Revenues is referred to herein as Surplus Net Revenues), as the City Council shall determine to be required for the accu- mulation of a reasonable reserve for renewal of worn out, obsolete or damaged properties and equipment of the System.

  • There shall next be set aside and credited, upon each monthly apportionment, to the Replacement and Depreciation Account Surplus Net Revenues of the System, as the governing body of the Borrower shall determine to be required for the accumulation of a reasonable allowance for repair and depreciation of the System and for replacement or renewal of worn out, obsolete or damaged properties and equipment thereof.

  • The RPO obligation will be based on usage of generation which will be tracked on ongoing basis.

  • Surplus Net Revenues during each Fiscal Year shall be sufficient to meet the current requirements of the Subordinate Debt Service Account, to fund the Subordinate Reserve Account, if necessary, and to provide reserves for the replacement and depreciation of the System.

  • For each year the Certificates or the Parity Obligations are outstanding, and prior to the time that taxes are levied for such year, the City shall adopt, establish, and maintain an annual budget that provides for the monthly deposit of sufficient ad valorem tax revenues, Surplus Net Revenues, or other legally available funds, including gifts and government grants, into the Debt Service Fund for the repayment of the Certificates, and the Parity Obligations.

  • If at the close of any fiscal year the Net Revenues actually received during such year have been less than required hereby, the Borrower will forthwith prepare a schedule of altered rates, charges and rentals which are just and equitable and sufficient to produce Net Revenues and Surplus Net Revenues in such amount, and will do all things necessary to the end that such schedule will be placed in operation at the earliest possible date.

  • The Series 2016A Bond is payable from Surplus Net Revenues if not forgiven.

  • Upon each quarterly apportionment, there shall be credited to the Subordinate Debt Service Account, from the Surplus Net Revenues, such amount as may be required to pay Subordinate Obligations, and to the Subordinate Reserve Account, such amount as may be required to maintain a balance therein equal to the Subordinate Reserve Requirement, as provided by any Supplemental Resolution or other instrument.

Related to Surplus Net Revenues

  • Net Revenues means the difference between:

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Revenue means:

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. Proportional Multi-Driver Project: “Proportional Multi-Driver Project” shall have the same meaning provided in the Operating Agreement. Pseudo-Tie:

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as