Examples of Tax Receivables in a sentence
The assignment and purchase of the Assigned Tax Receivables shall take place on the Closing Date at the offices of the Director of Finance of the Metropolitan Government at 12 noon prevailing Nashville time, or at such other time and place as the parties mutually agree, and in accordance with procedures set forth in this contract.
Any Collections coming into the possession of the Authority shall be held by the Authority for the benefit of the Holder as the beneficial owner of the Tax Receivables and shall be promptly paid by the Authority directly to the Holder.
In the event that the Holder is at any time unable to obtain from the County such information as is necessary for the Holder to monitor collection on the Tax Receivables, the Authority shall, at the request of the Holder, join with the Holder in taking any action to obtain such information, including but not limited to enforcing its rights to obtain such information under the California Public Records Act.
In the event an Election Notice is delivered in accordance with Section 1.1, the Controlling Partnership and Holdings shall use its reasonable best efforts to execute, or to cause the other parties thereto to execute, prior to the Closing, the Exchange Agreement between the Controlling Partnership, the Group Partnerships and Holdings (the “Exchange Agreement”), the Tax Receivables Agreement between the Controlling Partnership, Holdings, KKR Management Holdings Corp.
The principal amount of the Certificate shall be equal to the aggregate amount of the Tax Receivables and the Collections thereon.