Rate covenant revenue bond
25 Jan 2019 The Transportation. Revenue Bond Anticipation Notes, Series 2019A will be accompanied by a certification that the rate covenant will be met. 1 Mar 2004 There are several parties to the revenue bond transaction and the the interest rate, collateral and covenants imposed on the Borrower, just as 3 Mar 2017 This article explores bankruptcy, municipal bonds, restructuring, any financial and operating covenants in the transaction documents and if there is The issuer would weigh the present value of the interest rate savings over rate covenant. Definition. A covenant in a municipal revenue bond that specifies how it will be determined what rates to charge to users of the facility the bond is financing. rate covenant. A provision for a municipal revenue bond issue that sets requirements for charging revenue on the facility that is being financed by the bond issue. For example, a rate covenant might require that the rates from customers of a city sewage plant be sufficient to ensure adequate maintenance and repair for the facility.
Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility. By Nora
3 Mar 2017 This article explores bankruptcy, municipal bonds, restructuring, any financial and operating covenants in the transaction documents and if there is The issuer would weigh the present value of the interest rate savings over rate covenant. Definition. A covenant in a municipal revenue bond that specifies how it will be determined what rates to charge to users of the facility the bond is financing. rate covenant. A provision for a municipal revenue bond issue that sets requirements for charging revenue on the facility that is being financed by the bond issue. For example, a rate covenant might require that the rates from customers of a city sewage plant be sufficient to ensure adequate maintenance and repair for the facility. Rate covenant. A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility. Rate Covenant What is a Rate Covenant A promise in the trust indenture of a municipal revenue bond to keep the user fees high enough to support the debt service. Rate covenant definition Meaning: A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility More definitions such as Rate covenant in Dictionary R . rate covenant. A provision for a municipal revenue bond issue that sets requirements for charging revenue on the facility that is being financed by the bond issue. For example, a rate covenant might require that the rates from customers of a city sewage plant be sufficient to ensure adequate maintenance and repair for the facility.
involving the level of revenues available to repay the initial bonds and Rate covenant—a covenant that the issuer will establish and collect charges with.
1 Mar 2004 There are several parties to the revenue bond transaction and the the interest rate, collateral and covenants imposed on the Borrower, just as 3 Mar 2017 This article explores bankruptcy, municipal bonds, restructuring, any financial and operating covenants in the transaction documents and if there is The issuer would weigh the present value of the interest rate savings over rate covenant. Definition. A covenant in a municipal revenue bond that specifies how it will be determined what rates to charge to users of the facility the bond is financing. rate covenant. A provision for a municipal revenue bond issue that sets requirements for charging revenue on the facility that is being financed by the bond issue. For example, a rate covenant might require that the rates from customers of a city sewage plant be sufficient to ensure adequate maintenance and repair for the facility. Rate covenant. A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility. Rate Covenant What is a Rate Covenant A promise in the trust indenture of a municipal revenue bond to keep the user fees high enough to support the debt service.
The principal advantages of such bond financing are the low interest rates and the (referred to herein as “Schools”) under the Internal Revenue Code of 1986, Furthermore, covenants and security devices usual in conventional lending
10 Sep 2018 The System has pledged to maintain a net revenue rate covenant of at least 1.15 x coverage of the debt service expense on its annual 13 May 1998 Rate Covenants; Related Obligations. "Resolution" shall mean this Electric System General Revenue Bond Resolution, adopted by the 1 Oct 2019 based upon reasonable assumptions, projected Net Revenues will be sufficient to satisfy the rate covenant (disregarding any Bonds that have 26 Jun 2019 Moody's states that the outlook for the revenue bonds is stable. The bond documents include a rate covenant that requires net revenues to 6 Nov 2014 The bonds employed a securitization, or “rate reduction traditional revenue bond indentures contain a rate covenant that requires the issuer 4 Jan 2019 rate covenant of 1.25x exceeds this level. Sector Trends the utility could have a higher rating on a different type of revenue bond (e.g., sewer). 25 Jan 2019 The Transportation. Revenue Bond Anticipation Notes, Series 2019A will be accompanied by a certification that the rate covenant will be met.
6 Nov 2014 The bonds employed a securitization, or “rate reduction traditional revenue bond indentures contain a rate covenant that requires the issuer
10 Sep 2018 The System has pledged to maintain a net revenue rate covenant of at least 1.15 x coverage of the debt service expense on its annual 13 May 1998 Rate Covenants; Related Obligations. "Resolution" shall mean this Electric System General Revenue Bond Resolution, adopted by the
A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.