Examples of Assessment Revenue in a sentence
Professional Services-Arbitrage RebateThe District is required to annually have an arbitrage rebate calculation on the District’s Series 2013 Special Assessment Revenue Refunding Bonds.
Professional Services-TrusteeThe District will pay US Bank, N.A. an annual fee for trustee services on the Series 2013 Special Assessment Revenue Refunding bond.
The obligations of the City under this Reimbursement Agreement are non-recourse payable only from Phase 1B-2 - 1B-3 Assessment Revenue and do not create a debt or other obligation payable from any other City revenues, taxes, income, or property.
Phase 1B-2 - 1B-3 Assessment Revenue, if and when collected by the City, shall be paid to Developer annually beginning June 1, 2019, and continuing on each June 1 thereafter until the earlier of (i) the Maturity Date, or (ii) the date the Unpaid Balance is paid in full, at which time this Reimbursement Agreement shall terminate.
If, notwithstanding its collection efforts, the City fails to receive all or any part of the Phase 1B-2 - 1B-3 Assessment Revenue and, as a result, is unable to make payments to Developer of the Unpaid Balance, such failure and inability shall not constitute a Failure or Default by the City under this Reimbursement Agreement.