Event Day Tax Revenues definition

Event Day Tax Revenues means: (a) for years one through ten of the NFL Team Lease an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues and fifty percent (50%) of the amount of Event Day Sales Tax Revenues; (b) for years eleven through twenty of the NFL Team Lease an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues and twenty-five percent (25%) of the amount of Event Day Sales Tax Revenues; and (c) for year twenty-one through the later of the end of the NFL Team Lease or the term of the City Bonds, an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues.
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Event Day Tax Revenues means: (a) for the period of time from the signing of the NFL Team Lease to the Completion Date, and for years one through ten on and after the Completion Date, an amount equal to one hundred percent (100%) of the Event Day Other Tax Revenues and fifty percent (50%) of the Event Day Sales Tax Revenues; (b) for years eleven through twenty on and after the Completion Date, an amount equal to one hundred percent (100%) of Event Day Other Tax Revenues and twenty-five percent (25%) of Event Day Sales Tax Revenues; and (c) for year twenty-one on and after the Completion Date through the later of the end of the NFL Team Lease or 2051, an amount equal to one hundred percent (100%) of Event Day Other Tax Revenues.
Sample 1
Event Day Tax Revenues means: (a) for the period of time from the signing of the NFL Team Lease to the Project Completion Date, and for years one through ten ofon and after the NFL Team LeaseProject Completion Date, an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues and fifty percent (50%) of the amount of Event Day Sales Tax Revenues; (b) for years eleven through twenty ofon and after the NFL Team LeaseProject Completion Date, an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues and twenty-five percent (25%) of the amount of Event Day Sales Tax Revenues; and (c) for year twenty-one on and after the Project Completion Date through the later of the end of the NFL Team Lease or the term of the City Bonds2051, an amount equal to one hundred percent (100%) of the amount of Event Day Other Tax Revenues.
Sample 1

Examples of Event Day Tax Revenues in a sentence

  • The City covenants and agrees that the City’s Budget Director, or any other officer at any time charged with responsibility of formulating budget proposals, is hereby directed to include in the budget proposals submitted to the Board of Estimate and Apportionment, and to the extent permitted by law, to the Board of Aldermen of the City, in any year during the Agreement Term, a request or requests for the Event Day Tax Revenues as set forth below.

  • It is the intention of the City that the decision to appropriate the Event Day Tax Revenues pursuant to this Agreement shall be made solely by the Board of Aldermen and not by any other official of the City except subject to the power of the Mayor of the City to approve or disapprove ordinances.

  • Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes.

  • Pursuant to Section 70.220(1) RSMo., which authorizes the City to cooperate with private parties in support of the development and operation of public facilities, the City hereby commits, subject to annual appropriation, to pledge Event Day Tax Revenues for reimbursement to the NFL Team or an affiliate during the term of the NFL Team Lease.

  • Notwithstanding Sections 4.6 (e) and (f) of this Agreement or any other provision of this Agreement to the contrary, City Payments shall be limited to the total amount necessary to service the City Bonds and pay the Event Day Tax Revenues Reimbursement Amounts.

  • The City presently expects to, in each Fiscal Year of the City during the NFL Team Lease, appropriate funds for the Event Day Tax Revenues so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes.

  • Notwithstanding anything to the contrary, the Event Day Tax Revenues Amount shall be payable solely out of amounts equal to the applicable Event Day Tax Revenues.

  • The City Supplemental Rental Payments attributable to the Event Day Tax Revenues shall be paid by the City to the Event Day Trustee, on behalf of the Authority.

  • In support of the Project, the City hereby covenants and agrees, subject to annual appropriation, to pay to the Authority semiannually, on each May 15 and November 15, Supplemental Rental Payments in an amount equal to actual Event Day Tax Revenues received by the City during the immediately preceding two calendar quarters (i.e., from October 1 to March 31 for the payment due May 15, and from April 1 to September 30 for the payment due November 15) (the “City Supplemental Rental Payment”).

  • The City presently expects to, in each Fiscal Year of the City during the NFL Team Lease, appropriate funds for the Event Day Tax Revenues so that the Event Day Tax RevenuesPayments to be paid during the succeeding Fiscal Year will be available for such purposes.

Related to Event Day Tax Revenues

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Recovered tax increment value means, except as otherwise

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Anticipated county property tax revenue availability means the

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Recovery Quarter has the meaning provided in Section 2.1(a)(ii) of this Commercial Shared-Loss Agreement.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Consolidated Revenues means, with reference to any period, total revenues of the Company and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.