PIF Revenue definition

PIF Revenue. (definition reserved for future use).

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PIF Revenue means, collectively, the revenue derived from the imposition of the Add- On PIF and the Credit PIF in accordance with the PIF Covenants and this Agreement.

PIF Revenue means all revenues resulting from imposition of the PIF pursuant to the Declaration of Covenants Imposing and Implementing the HM District No. 2 Public Improvement Fee made by DIBC, as Declarant (the “PIF Covenant”), including all late fees and penalties payable in accordance with the PIF Covenant, net of costs of collection. PIF Sales means, collectively, Retail Sales and Lodging Sales. Pursuant to the PIF Covenant, the Declarant has agreed to impose a public improvement fee of 3% on all PIF Sales within the PIF Property.

Examples of PIF Revenue in a sentence

Employer shall on a monthly basis file a report with District and City by the due date(s) required for reporting City Sales Tax collections, which sets forth the full amount of Credit PIF Revenue collected in the same manner as it reports City Sales Tax.
Notwithstanding the foregoing, the PIF Revenue shall be remitted to the Trustee in accordance with the PIF Collection Agreement.
To the extent that any PIF Revenue is generated prior to the issuance of any District Bonds, all PIF Revenue shall be remitted to the Escrow Agent.
The Escrow Agent shall keep accurate books and records of all deposits of PIF Revenue and investment earnings thereon, which books and records shall be available for inspection during regular business hours by the Developer, the District, and the City.
The District will use its best efforts to use any Remaining Add- On PIF Revenue as District Operating Revenue, unless prohibited from doing so by the District Bond Documents.
Notwithstanding any provisions to the contrary contained herein, in the event that District Bonds are issued and there is Remaining Add-On PIF, such Remaining Add-On PIF Revenues on deposit with the Escrow Agent shall be remitted to the Developer, which may use any Remaining Add-On PIF Revenue for any lawful purpose.
During the first year of the CBA (beginning 01 May 2017), TRAX International, LLC will offer the following health insurance option: Single Employee $73.70 Employee + 1 $141.50 Employee + 2 or more dependents $215.94 The Company reserves the right to modify and/or terminate any of the above-referenced benefit plans.
Any Excess PIF Revenue released to the District pursuant to clause “THIRD” of Section 3.02 hereof may be applied by the District only to pay due and payable PIF Eligible Cost and any other costs permitted by the PIF Covenant.
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.
Prior to the issuance of any District Bonds, the Developer or the District agrees to cause all Add-On PIF Revenue and Credit PIF Revenue to be remitted to the Escrow Agent in accordance with Section 4.7. Upon the issuance of any District Bonds, the District agrees to pledge the Pledged PIF Revenue exclusively to the District Bonds until the District Bonds are paid in full or defeased.

More Definitions of PIF Revenue

PIF Revenue has the meaning assigned thereto in the Recitals hereof.

PIF Revenue means the revenue derived from the imposition of the PIF, net of the costs of collection.

PIF Revenue means all revenue resulting from the PIF, including all late fees and penalties payable in accordance with the PIF Covenant.