PIF Collection Agent definition

PIF Collection Agent means an entity retained by Developer, as declarant under the PIF Covenants, for the purpose of collecting, accounting for, and disbursing the PIF Revenue in accordance with the PIF Covenants.

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PIF Collection Agent means, initially CliftonLarsonAllen LLP, as PIF Collection Agent under the PIF Collection Agreement, and any successor thereto.

PIF Collection Agent means CliftonLarsonAllen LLP, or any successor thereto engaged by the District for the purpose of collecting the PIF Revenue.

Examples of PIF Collection Agent in a sentence

• The City shall also have the right to review the fees and expenses charged by the Add-On PIF Collection Agent to verify that such fees and expenses are reasonable.

• The City shall thereafter, within sixty (60) days of the receipt of the entire sales tax amount, rebate that portion of the sales tax previously subject to the Sales Tax Credit to the PIF Collection Agent.

• The City may at any time, on not less than thirty (30) days prior written notice to any affected PIF Collection Agent, suspend the Sales Tax Credit for any given fiscal year of the City within the time period set forth in this Agreement.

• The Developer shall engage a PIF Collection Agent to collect, disburse and account for the Credit PIF Revenues pursuant to the PIF Collection Agreement.

• The District or Developer shall engage a PIF Collection Agent to collect, disburse, and account for the Credit PIF Revenue, Accommodations PIF Revenue, and the Add-On PIF Revenue pursuant to the PIF Collection Agreement.

• The Transaction Agreements are valid and binding obligations of HCI, enforceable in accordance with their respective terms, subject as to enforcement of remedies to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles.

• No later than sixty (60) days after the end of each fiscal year, the District shall prepare, or cause to be prepared, and delivered to the Town, a report setting forth the amount of Credit PIF Revenues collected by the PIF Collection Agent during the preceding fiscal year and the total amount of Credit PIF Revenue collected by the PIF Collection Agent from the Effective Date through the end of the preceding fiscal year.

• The Developer shall terminate the Credit PIF upon the earlier to occur of (a) payment in full or defeasance of all outstanding District Bonds, (b) the aggregate Credit PIF Revenue received by the PIF Collection Agent and offset by the Sales Tax Credit equals the Town Contribution Cap, or (c) December 31, 2042.

• The Trustee shall apply Subordinate Pledged Revenues received from the District, and Subordinate Pledged Revenues received from any other entity, including without limitation, the Authority and the PIF Collection Agent, in the order of priority set forth below upon such receipt.

• Except as hereinafter provided, the Sales Tax Credit shall terminate upon the earlier of (a) payment in full or defeasance of all outstanding District Bonds, (b) the aggregate Sales Tax Credit granted by the Town to offset the Credit PIF Revenue imposed and collected by the Credit PIF Collection Agent equals the Town Contribution Cap, or (c) December 31, 2042.

More Definitions of PIF Collection Agent

PIF Collection Agent has the meaning assigned thereto in the Recitals hereof. “PIF Collection Agreement” has the meaning assigned thereto in the Recitals hereof. “PIF Covenant” has the meaning assigned thereto in the Recitals hereof.