Excess Revenues definition

Excess Revenues shall have the meaning ascribed thereto in Section 2.2(e) hereof. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

Excess Revenues means, for any Fiscal Year, the positive difference, if any, between Licensee’s Gross Receipts for such Fiscal Year and Expenses for such Fiscal Year.

Excess Revenues shall have the meaning ascribed thereto in Section 2.2(e) hereof.

Examples of Excess Revenues in a sentence

• Take whatever action at law or in equity which appears necessary or desirable to enforce the other Unassigned Rights, provided, however, that the Governmental Lender or any person under its control may only enforce any right it may have for monetary damages against Excess Revenues, if any, of the Borrower, unless Funding Lender otherwise specifically consents in writing to the enforcement against other funds of the Borrower.

• However, if Licensee provides the Commissioner with a certification from Licensee’s Chief Financial Officer identifying the specific Expenses that cannot reasonably be determined within six (6) months of the termination of the License and the Commissioner reasonably agrees with such certification, Licensee can retain such Excess Revenues only so long as is reasonably necessary to determine the specific Expenses in question and must remit remaining balance of such Excess Revenues to the City immediately.

• In addition to Fixed Ground Rent and Performance-Based Rent, for each year in which the Stadium Authority has Excess Revenues after contribution to the Stadium Capital Expenditure Reserve as provided in clause (a) of Article 15 of the Term Sheet, Ground Rent will include the amount of the Stadium Authority’s payment to the City of such Excess Revenues in accordance with the priorities for payment set forth in clause (b) of Article 15 of the Term Sheet (“SA Excess Revenue Payment”).

• If Licensee derives Excess Revenues in a particular Fiscal Year, Licensee shall expend such Excess Revenue consistent with the requirements of Section 1.1 (f) and shall report such expenditures consistent with the requirements of 4.1(c).

• If Licensee is unable to make such a report, Licensee must immediately remit such Excess Revenues to the City.

More Definitions of Excess Revenues

Excess Revenues means, for any period, the net cash flow of the Borrower available for distribution to shareholders, members or partners (as the case may be) for such period, after the payment of all interest expense, the amortization of all principal of all indebtedness coming due during such period (whether by maturity, mandatory sinking fund payment, acceleration or otherwise), the payment of all fees, costs and expenses on an occasional or recurring basis in connection with the Borrower Loan or the Funding Loan, the payment of all operating, overhead, ownership and other expenditures of the Borrower directly or indirectly in connection with the Project (whether any such expenditures are current, capital or extraordinary expenditures), and the setting aside of all reserves for taxes, insurance, water and sewer charges or other similar impositions, capital expenditures, repairs and replacements and all other amounts which the Borrower is required to set aside pursuant to agreement, but excluding depreciation and amortization of intangibles.

Excess Revenues means the Company’s annual Revenues minus $1 million.

Excess Revenues means the amount, if any, of Special Tax Revenues available in any Fiscal Year in excess of the sum of the Combined Debt Service.

Excess Revenues means any remaining Revenues after Discretional Revenues have been spent.

Excess Revenues has the meaning set forth in Article 15.

Excess Revenues means revenues in the plan year that provide a utility with a greater return on common equity than authorized by the commission. For the plan year, the following costs and revenues are not included in the calculation of actual return on common equity for the utility:

Excess Revenues means, with respect to a period and a Project, one- half of the difference between (a) the revenue for the Project for the period, minus (b) the revenue which would have been produced if the Project had operated continuously during the period at 85% of nominal capacity (calculated at an assumed capacity of 80 MW for the CPD Project and the CFP Project and 70 MW for the CED Project).