Pooled financing definition

Pooled financing means an agreement, pursuant to the
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Pooled financing means an agreement, pursuant to the provisions of this act or pursuant to the Interlocal Cooperation Act, among two or more eligible local governmental entities or involving a local government entity or entities in conjunction with a for-profit business entity to use proceeds from a tax levy or other authorized source of revenue to make payments of principal, interest, and other related costs in connection with an obligation issued by the Oklahoma Development Finance Authority for the benefit of the entities entering into such agreement according to the terms of the agreement and according to the requirements of any ballot submitted to the voters of the respective eligible local governmental entities. Pooled financing does not mean or include the use of any ad valorem tax revenues derived from a levy imposed pursuant to Section 26 of Article X of the Oklahoma Constitution; and
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Pooled financing means the use of municipal revenues, derived from a levy imposed pursuant to the authority of Section 2701 of Title 68 of the Oklahoma Statutes, available to one or more municipalities or county revenues, derived from a levy imposed pursuant to the authority of Section 1370 of Title 68 of the Oklahoma Statutes, based upon the local government entity participating in a pooled financing.
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Examples of Pooled financing in a sentence

  • Thus, the definition of principal user for purposes of section 1394(c) is different from the definition of principal user for purposes of paragraph (j) of this section.(2) Pooled financing bond programs—(i) In general.

  • This paragraph (g)(2) applies only to the extent the proceeds of those enterprise zone facil- ity bonds are loaned to one or more en- terprise zone businesses within 42 months of the issue date of the enter- prise zone facility bonds or are used to redeem enterprise zone facility bonds of the issue within that 42-month pe- riod.(ii) Pooled financing bond program de- fined.

  • If a lessee is the principal user of real property under paragraph (j)(2)(i) of this section, then proceeds of enter- prise zone facility bonds may be allo- cated to expenditures for real property only to the extent of the property allo- cable to the lessee’s leased space, in- cluding expenditures for common areas.(3) Pooled financing bond program.

  • Pooled financing is then achieved through a project-specific pool where projects are grouped together into one bond issuance.

  • Pooled financing has become a well-established mechanism over the past decade.

  • This paragraph (g)(2) applies only to the extent the proceeds of those enterprise zone facil- ity bonds are loaned to one or more en- terprise zone businesses within 42 months of the issue date of the enter- prise zone facility bonds or are used to redeem enterprise zone facility bonds of the issue within that 42-month pe- riod.(ii) Pooled financing bond program de-fined.

  • Thus, the definition of principal user for purposes of section 1394(c) is different from the definition of principal user for purposes of paragraph (j) of this section.(2) Pooled financing bond programs—(i)In general.

  • Pooled financing facilities have been successfully employed in a number of countries, including transition economies.9 The facilities are usually built around a revolving fund or bond bank at the national or subnational level.

  • Pooled financing vehicles are sometimes identified as a compromise between in-house capacity development and private provision of project preparation services.

  • Pooled financing would be US$85 million, including US$80 million in Component 1 and US$5 million in Component 3.


More Definitions of Pooled financing

Pooled financing means the use of municipal revenues,
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Pooled financing means an agreement, pursuant to the provisions of this act
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Related to Pooled financing

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Permitted Refinancing means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, replaced or extended except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal, replacement or extension and by an amount equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 7.03(e), such modification, refinancing, refunding, renewal, replacement or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, (c) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 7.03(e), at the time thereof, no Event of Default shall have occurred and be continuing and (d) if such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is Junior Financing, (i) to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement or extension is subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, (ii) such modification, refinancing, refunding, renewal, replacement or extension is incurred by the Person who is the obligor of the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended and (iii) if the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended was subject to an Intercreditor Agreement, the holders of such modified, refinanced, refunded, renewed, replaced or extended Indebtedness (if such Indebtedness is secured) or their representative on their behalf shall become party to such Intercreditor Agreement.