Adjusted gross proceeds definition

Adjusted gross proceeds means gross proceeds less cash prizes, cost of
Adjusted gross proceeds means the Gross Proceeds of the Bonds reduced by amounts (1) in a Bona Fide Debt Service Fund or a reasonably required reserve or replacement fund, (2) that as of the Issue Date are not expected to be Gross Proceeds, but which arise after the end of the applicable spending period, and (3) representing grant repayments or sale or Investment proceeds of any purpose Investment.
Adjusted gross proceeds means gross proceeds less cash prizes, cost of merchandise prizes, gaming tax, and federal excise tax imposed under section 4401 of the Internal Revenue Code [26 U.S.C. 4401].

Examples of Adjusted gross proceeds in a sentence

  • The 6-month spending exception generally is met if all Adjusted Gross Proceeds of the Bonds are spent within six months following the Issue Date.

  • Using Adjusted Gross Proceeds or Available Construction Proceeds to pay principal of any Bonds is not taken into account as an expenditure for purposes of meeting any of the spending tests.


More Definitions of Adjusted gross proceeds

Adjusted gross proceeds means the total amount of all wagers made by players on limited gaming less all payments to players; said payments to players being deemed to include all payments of cash premiums, merchandise, tokens, redeemable game credits, or any other thing of value.
Adjusted gross proceeds means Gross Proceeds remaining after deduction of the following:
Adjusted gross proceeds means any sums wagered in a poker hand
Adjusted gross proceeds means the Gross Proceeds of the New Money Portion or the Refunding Portion, as applicable, reduced by amounts (a) in a Bona Fide Debt Service Fund or a reasonably required reserve or replacement fund, (b) that as of the Issue Date are not expected to be Gross Proceeds, but which arise after the end of the applicable spending period and (c) representing grant repayments or sale or Investment proceeds of any purpose Investment.
Adjusted gross proceeds means any sums wagered in an internet live poker hand
Adjusted gross proceeds means gross proceeds less cash prizes, cost of merchandise prizes, sales tax on bingo cards, pull tab excise tax, and federal excise tax imposed under section 4401 of the Internal Revenue Code [26 U.S.C. 4401].
Adjusted gross proceeds means the Gross Proceeds of the Certificates reduced by amounts