Utility Indebtedness definition

Utility Indebtedness means collectively the Bonds and any Additional Obligations which are secured by an interest in, the Gross Revenues.

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Utility Indebtedness means, collectively or individually, as the context requires, the Parity Indebtedness and the Subordinate Indebtedness.

Utility Indebtedness means all bonds, notes, installment sale agreements, leases or certificates intended to be an obligation secured by the Gross Revenues of the Utility identified in the Disclosure Undertaking, including the Series 2016A Bonds.

Examples of Utility Indebtedness in a sentence

Such valuation shall also be made in conjunction with redemption of any Utility Indebtedness.
It shall be the policy of the Municipality that the rates, fees and charges established for the Water Utility and the Sewer Utility shall each be sufficient to provide Net Revenues with respect to Utility Indebtedness issued for improvements to each such component of the Utility which meet the coverage requirements set forth herein to the extent reasonably practical.
To the knowledge of the Municipality, no event has occurred and no condition exists that would constitute an Event of Default under this Loan Agreement or any Outstanding Utility Indebtedness.
To the extent that KDHE's right to receive Loan Repayments is on a parity of lien basis with the lien of Utility Indebtedness on the Municipality's Gross Revenues, such moneys shall be applied to the Loan as a Parity Obligation under the Bond Resolutions as described in Section 5.02(c) hereof.
Any acceleration shall occur of the maturity of any Utility Indebtedness, or any such Utility Indebtedness shall not be paid in full upon the final maturity thereof.
Cross Default with Utility Indebtedness Documents) shall be deemed to have occurred upon the occurrence of any nonpayment of principal of, interest on or redemption price of any Utility Indebtedness (other than the WIFIA Credit Facility) when due, regardless of whether any holder of the applicable Utility Indebtedness, or any legal order, has waived, permitted deferral of, or forgiven any such payment.
If the Municipality proposes to issue any Utility Indebtedness or otherwise create a pledge of, or lien upon, its Gross Revenues, the Utility, or any part thereof, written notice of such proposed issuance or lien shall be given to KDHE and the Authority.
There is presently no material default under any resolution, Outstanding Utility Indebtedness, or agreement which would materially adversely affect the ability of the Municipality to make all Loan Repayments or otherwise observe and perform its duties, covenants, obligations and agreements under this Loan Agreement.
All Gross Revenues received shall be deposited into the Revenue Fund when and as received in trust for the benefit of the holders of the Utility Indebtedness, subject to the application of Gross Revenues in accordance with the Flow of Funds.
To the best knowledge of the Municipality, the authorization, execution and delivery of this Loan Agreement by the Municipality, and the performance by the Municipality of its duties, covenants, obligations and agreements thereunder will not result in any breach of any existing law, any Outstanding Utility Indebtedness, or any other agreement to which the Municipality is a party.

More Definitions of Utility Indebtedness

Utility Indebtedness means all bonds, notes, installment sale agreements, leases or certificates intended to be a special obligation of the City payable from revenues of the Utility identified on Schedule 1 as such schedule may be supplemented and amended and, as context may require, the Utility Indebtedness of any particular series identified on Schedule 1. The City may make future series of Utility Indebtedness subject to this Disclosure Undertaking by incorporating by reference in a Bond Resolution or executing a certificate to such effect in conjunction with the issuance of such series of Utility Indebtedness.