Administrative Expense Requirement definition

Administrative Expense Requirement means an annual amount equal to $[ ], or such lesser amount as may be designated by written instruction from an Authorized Representative to the Fiscal Agent, to be allocated as the first priority of Special Taxes received each Fiscal Year for the payment of Administrative Expenses.

Administrative Expense Requirement means $20,000.

Administrative Expense Requirement means an amount of $30,000 per Fiscal Year, as set forth in the Fiscal Agent Agreement.

Examples of Administrative Expense Requirement in a sentence

• Notwithstanding the foregoing, no partial prepayment shall be allowed unless the aggregate amount of Maximum Special Taxes less the Administrative Expense Requirement that may be levied on Taxable Property, respectively, after the proposed partial prepayment is at least1.1 times the Debt Service on all Outstanding Bonds in each Fiscal Year.

• Notwithstanding the foregoing, no Special Tax prepayment shall be allowed unless the aggregate amount of Maximum Special Taxes less the Administrative Expense Requirement that may be levied on Taxable Property, respectively, after the proposed prepayment is at least 1.1 times the Debt Service on all Outstanding Bonds in each Fiscal Year.

• Upon the City’s receipt of a written request from Master Developer and the CFD Administrator, the Special Tax Rates on Taxable Property may be reduced to a level which will provide not less than the sum of estimated Administrative Expense Requirement and one hundred ten percent (110%) of the estimated debt service with respect to the amount of Bonds requested to be issued in such written request.

More Definitions of Administrative Expense Requirement

Administrative Expense Requirement means an amount up to a maximum of

Administrative Expense Requirement means an amount up to a maximum of $30,000 per Fiscal Year.

Administrative Expense Requirement means the amount of $150,000, escalating by 2% per Bond Year beginning September 2, 2016, less the amount deposited in the Administrative Expense Account under the 2005 Bonds Indenture in a Bond Year, provided that the District may, in its sole discretion, fund additional Administrative Expenses, without limitation, from any other funds available to the District.

Administrative Expense Requirement means $30,000 for the initial Bond Year, provided that at its option, the District may establish the Administrative Expense Requirement for any Bond Year subsequent to the initial Bond Year at any amount larger than $30,000 that is not in excess of the lesser of (a) 102% of the Administrative Expense Requirement applicable in the immediately preceding Bond Year or (b) the remainder of (i) the sum of the Maximum Special Tax applicable to each Parcel of Taxable Property in Improvement Area C in the Fiscal Year that ends in such Bond Year minus (ii) 110% of Annual Debt Service for such Bond Year.

Administrative Expense Requirement means an annual amount equal to $25,000 in Fiscal Year 2021-22 and increases by 2% per year thereafter, or such lesser amount as may be designated by written instruction from an Authorized Representative to the Fiscal Agent, to be allocated as the first priority of Special Taxes received each Fiscal Year for the payment of Administrative Expenses.

Administrative Expense Requirement means an amount, not in excess of the aggregate maximum annual assessment for Administrative Expenses permitted to be levied within the Reassessment District as set forth in the Engineer’s Report, to be specified each year by the Director of Administrative Services to be used for Administrative Expenses.

Administrative Expense Requirement means, to the extent authorized by law and the Resolution of Intention, an amount to be specified each year by the Finance Director of the City to be used for Administrative Expenses.