City Share definition

City Share means City’s share of the total net operational funding contribution required in any budget year for Core Funding in any Facility or for any Program Funding determined in accordance with Sections 30 and 31;

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City Share means the difference between total grant costs and grantor eligible costs. "City share" may be required or non- required match. A required match is project costs incurred but not eligible for reimbursement and required by grantor agreement for matching purposes.

City Share means (a) all of the Retained Tax Increment Revenues other than the Developer Share thereof plus (b) all interest and earnings on all of the Retained Tax Increment Revenues, except as provided in Section 3.1(e) hereof.

Examples of City Share in a sentence

• The Operator understands and acknowledges the City desires on occasion to report to the citizens of Durham as to the financial performance of the DPAC and how much the City may collect as a result of either the City FF Share or the City Share of Operating Profit.

• Notwithstanding the provisions of this Section 5.8 or the Legal Requirements, the Parties agree that the City shall be allowed to disclose to the public the contents of the Operator’s Annual Independent Audit report required by Section 5.7. The City may also disclose to the public financial information as to the total amount of the City FF Share or the City Share of Operating Profit or any other City financial or budgetary information related to City expenses and revenues from the DPAC.

• The City may use the City Share for any lawful purpose; provided, however, it is the City’s intent to use the additional 25% share of the Sales and Use Tax Revenues beginning on the first day of the twentieth (20th) year of the Limited Purpose Annexation Period to defray the costs of providing municipal services to the residents of the Property upon full purpose annexation.

• The City shall retain all Sales and Use Tax Revenues that do not constitute the District Share (the "City Share").

• The County will notify the City if its City Share as stated in Appendix A is increased due to one or more cities’ failure to execute a Cost Sharing Agreement, a change in the amount of Grant Funds or a change in the Purchase Price.

• The County will notify the City of its City Share upon entry into the Vendor Contract.

• Allocated Tax Revenue is 58.252419% of the City Share of Increment.

• If and when the City Share for the any given Contract Year equals $1,700,000 (“City Share Threshold”), City and AEG agree to split all remaining Incremental Net Revenue for such Contract Year (i.e. above $4,633,333.30 in Incremental Net Revenue for the first Contract Year, above $4,833,333.30 in Incremental Net Revenue for the second, third and fourth Contract Years and above the CPI adjusted equivalent for Contract Years 5 through 7) as follows: 50% to City and 50% to AEG.

• Notwithstanding anything to the contrary contained herein, this Agreement shall terminate at the earliest to occur of (a) the effective time of any Restructuring Merger, (b) the Circuit City Share Purchase, or (c) the effective time of the Circuit City Merger.

• Conditional Tax Revenue is 41.747581% of the City Share of Increment.

More Definitions of City Share

City Share means the City’s share of Sales and Use Tax Revenues as defined by Section 4.02 of this Agreement.

City Share means, with respect to any Net Proceeds received by a Site Owner as of any particular date: (i) if the Initial Return Hurdle is not satisfied, zero; (ii) if the Initial Return Hurdle is satisfied but the Intermediate Return Hurdle is not satisfied, five percent (5%) of the Net Proceeds (other than Net Proceeds to be distributed on such date in order to satisfy the Initial Return Hurdle) until the Intermediate Return Hurdle is satisfied; (iii) if the Intermediate Return Hurdle is satisfied but the Final Return Hurdle is not satisfied, twenty percent (20%) of the Net Proceeds (other than Net Proceeds to be distributed on such date in order to satisfy the Initial Return Hurdle or the Intermediate Return Hurdle) until the Final Return Hurdle is satisfied; and (iv) if the Final Return Hurdle is satisfied, fifty percent (50%) of the Net Proceeds (other than Net Proceeds to be distributed on such date in order to satisfy the Initial Return Hurdle, the Intermediate Return Hurdle or the Final Return Hurdle).

City Share for the year, as those terms are defined on Exhibit E to this Agreement; and

City Share means the incremental increase in real and personal property ad valorem tax revenue (excluding school taxes) and payments in lieu of taxes, if applicable, generated by the Fairpark District project properties to the City. The “County Share” shall mean not to exceed fifty percent (50%) of the incremental increase in real and personal property ad valorem tax revenue (excluding school taxes) and payments in lieu of taxes, if applicable, generated by the Fairpark District project properties to the County. As used herein and in this Agreement, “Tax Increment” shall mean the “City Share” and the