Sales Tax Reserve definition

Sales Tax Reserve means, at any time of determination, the aggregate accruals for sales or use taxes payable by Obligors as of such time on the books and records of the Sellers, determined on a consistent basis in accordance with GAAP as of the last day of the most recent Monthly Period for which a Monthly Report has been delivered. The Sales Tax Reserve as of last day of the preceding Monthly Period shall be included in each Monthly Report, and that number shall be the applicable Sales Tax Reserve until the delivery of the next Monthly Report.
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Sales Tax Reserve a reserve equal to 100% of the aggregate sales tax obligations of Borrowers as set forth in Borrowers’ books and records as of any measurement date which have not been prepaid by Borrowers.
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Sales Tax Reserve means initially $100,000 and thereafter an amount, reasonably determined by the Administrative Agent from time to time based upon, for any applicable period, the average daily portion during such period of the Outstanding Balances of Eligible Receivables owned by the Borrower that constitutes sales or use taxes payable by the related Obligors and specified by written notice by the Administrative Agent to the Borrower, the Master Servicer and the Facility Agents.
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Examples of Sales Tax Reserve in a sentence

  • Reserve: the CAI Availability Reserve, the CCI Availability Reserve and their respective component parts including, without limitation, the Inventory Reserve, Rent and Charges Reserve, Bank Product Reserve, Sales Tax Reserve, Gift Card Reserve, and Customer Deposit Reserve.

  • Sales tax revenue represents a 3.75 cent local tax on each dollar of taxable sales within the City, of which 1 3/4 cent is restricted for debt service and recorded in the 1999 Sales Tax Fund per voter approval of Ordinance #826 effective on and after July 2009; and 1 cent is restricted for capital outlay and/or water operations and recorded in the Sales Tax Reserve Fund per voter approval of Ordinance #442 effective on and after July 1977.

  • Award bid to replace the HVAC unit in the leisure pool at the Indoor Aquatic Center, to the sole bidder, P1 Group, Inc., for $415,000, utilizing the Sales Tax Reserve fund.

  • For the first half of the fiscal year, sales tax revenue represented a 3.75 cent local tax on each dollar of taxable sales within the City, of which 1 3/4 cent is restricted for debt service and recorded in the 1999 Sales Tax Fund per voter approval of Ordinance #826 effective on and after July 2009; and 1 cent is restricted for capital outlay and/or water operations and recorded in the Sales Tax Reserve Fund per voter approval of Ordinance #442 effective on and after July 1977.

  • Staff recommends accepting the bid with funding from the Pool Sales Tax Reserve within the Budget Stabilization Fund.

  • Authorize the Parks and Recreation Department to make asphalt repairs to the parking lots at Clinton Lake Softball Complex, the Rotary Arboretum, and the Youth Sports Complex, and the roads at Memorial Park Cemetery, using unit pricing from the 2016 Microsurfacing, Patch, Overlay, and Concrete Maintenance Program, City Bid No. PW1612 awarded to Sunflower Paving Inc., using the Sales Tax Reserve to fund $50,000’s worth of repairs.

  • Sales Tax Reserve During the year ended December 31, 2019, it was determined that certain Episodes of Care Services may be subject to sales tax in certain jurisdictions.

  • The Finance Director estimates $58M will be available in Water Sales Tax Reserve to pay in cash before needing to borrow approximately $76M.

  • Approve the low bid from Daktronics for new scoreboards at the Bickle-Schmidt Sports Complex for an amount of $79,905 to be paid in 2021 from the Sports Complex Sales Tax Reserve which will be reimbursed in 2022 from the Special Park and Recreation Budget.

  • For each simpset element, the algorithm to be described in this section identifies at least one integration order for which the regularized21 integrals involving the Koba-Nielsen factor (4.5) are observed to yield the correct Z-theory equation of motion.It should be emphasized once more that the order of integration must not be confused with the integration domain in (3.31) which is always fixed to be 0 ≤ z2 ≤ z3 ≤ .


More Definitions of Sales Tax Reserve

Sales Tax Reserve means, at any time, an amount equal to Borrower's good faith estimate of the accrued but unpaid (whether or not yet due) sales tax collected from Borrower's customers.
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Sales Tax Reserve means, as of any Calculation Date, an amount equal to 5% of Eligible Accounts Receivable at such Calculation Date.
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Sales Tax Reserve means, on any day for any Borrower, two percent (2%) of such Borrower's retail sales made within forty-five (45) days of such day.
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Sales Tax Reserve means a reserve in the amount of $700,000 which reserve shall terminate and be released upon delivery to the Agent of documentation acceptable to the Agent indicating either a favorable final determination of the sales tax assessment or payment of the sales tax assessment currently being asserted against the Borrower by the State of New Jersey.
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Sales Tax Reserve means a reserve against the Borrowing Base, to be reflected on each Borrowing Base Certificate submitted by Borrower, equal to the amount, if any, by which Borrower's obligations for the remittance of sales and use taxes payable to Governmental Authorities exceed $5,500,000.
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Related to Sales Tax Reserve

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

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

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • 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.

  • MUNICIPAL TAXABLE INCOME means the following:

  • 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.

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • Estimated Provincial Subsidy means the estimated provincial subsidy to be provided by a LHIN to an HSP calculated in accordance with Applicable Law and Applicable Policy.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.