TAD Increment definition

TAD Increment means all Positive Tax Allocation Increment derived from ad valorem taxes on real property within the TAD, net of collection and other generally applicable governmental fees and charges for the collection and administration of real property. For purposes of clarification, TAD Increment shall not be calculated to include bond levies of any jurisdiction, or any other millage rates, levies or assessments which are then imposed, but which are excluded from the calculation of positive tax allocation increments under the Redevelopment Powers Law or the Redevelopment Plan.
Sample 1Sample 2Sample 3
TAD Increment has the meaning provided in the Glossary; i.e., the positive tax increment generated from the increase of the real property tax digest over the tax allocation increment base, as certified by the state revenue commissioner pursuant to O.C.G.A. 36-44-10, in an approved and legally effective tax allocation district adopted by the City and encompassing the Redevelopment Area.
Sample 1

Examples of TAD Increment in a sentence

  • Owner acknowledges and agrees that approval by ACC of PD Zoning, should such approval be granted in accordance with ACC’s zoning ordinances, does not represent any commitment or obligation on the part of ACC to fund any portion of the costs associated with PD Zoning using TAD Increment.

  • Enterprise Zone Infrastructure Fees or Gulch TAD Increment generated in the Gulch Area, as applicable, shall be deposited into the related lockbox/trust account with the applicable bond trustee, to be disbursed in accordance with the terms of the related bond indenture.

  • In connection with the efforts contemplated herein to obtain consents by the School Board to the inclusion of their increments in the TAD Increment, the Parties acknowledge that it may be necessary for the City to enter into an Intergovernmental Agreement with the School Board addressing the consent of the School Board to participate in the Xxxxxxxxx XXX.

Related to TAD Increment

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Tax Increment means the difference between:

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.