Tax Increment Revenues Sample Clauses

Tax Increment Revenues. The Developer and the City agree to share in the tax increment revenue generated under East Lansing Xxxxxxxxxx Redevelopment Authority Xxxxxxxxxx Plan #19 (the “BRA Plan #19”), as shown as Exhibit D. The Developer will undertake eligible expenses as outlined in BRA Plan #19 including, but not limited to, environmental response activities, demolition, asbestos remediation, site preparation, infrastructure improvements including water, sewer, roads, a private underground parking structure, excavation of soils, sheet piling, specialized foundations and footings, administrative and professional fees, and carrying costs including interest and loan fees and other related expenses. Upon completion of the entire Development Project, the ELBRA agrees to reimburse the Developer and the City according to the TIF allocation schedule on Table 2 of BRA Plan #19 and incorporated as an addendum to the Xxxxxxxxxx Reimbursement Agreement dated . No tax increment revenues shall be reimbursed to Developer until which time the entire Development Project is completed substantially in accordance with the terms of this agreement and both Buildings A and B are occupied in accordance with subparagraph 1-b of this agreement and constructed in accordance with the City’s Green Building Incentive Policy as adopted by Council resolution dated November 16, 2010.
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Tax Increment Revenues. The ELBRA agrees to remit or cause to be remitted captured tax increment revenues to the Trustee, for the benefit of the Bonds issued to finance the City Approved Eligible Expenses, which are eligible expenses pursuant to the BRA Plan #24 (Exhibit H), and as approved by the East Lansing City Council at its meeting on [June , 2017].
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Tax Increment Revenues. The CRA agrees that all Tax Increment Revenues shall, in accordance with Part III of Chapter 163, Florida Statutes, as amended, be deposited or caused to be deposited in the Redevelopment Trust Fund immediately upon receipt. The CRA agrees that the City, whose City Council serves as the CRA's governing body and whose Chief Financial Officer serves as the manager of the CRA's finances, shall hold in trust the Redevelopment Trust Fund. Once tax increment bonds have been issued, the Tax Increment Revenues shall continue to be deposited in the Redevelopment Trust Fund. Amounts on deposit in the Redevelopment Trust Fund are not pledged as security for the Series 2002 Bonds. The CRA has covenanted in the Indenture that it will deposit into the Revenue Fund created under the Indenture all of the moneys received from the Taxing Authorities and deposited into the Redevelopment Trust Fund. At the time such moneys have been deposited to the Revenue Fund they shall be pledged to the payment of principal of, interest on and redemption premium, if any, on the Series 2002 Bonds. As contemplated in the Interlocal Agreement and to the extent available in the Redevelopment Trust Fund, the City will consider any Bond Payment Obligations which are due in the first quarter of the subsequent Bond Year to be an encumbrance on Tax Increment Revenues before the calculation of the redistribution to the Taxing Authorities of excess Tax Increment Revenues on deposit in the Redevelopment Trust Fund.
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Tax Increment Revenues. Upon request of the District or as required pursuant to the 2008 IGA amendment as incorporated by reference in Section 1.1.1 above, or as may be required by the Arizona Department of Revenue (ADOR), the City of Tucson, through its Department of Finance or such other department as otherwise may be reasonably required, shall work with ADOR and the District to facilitate ADOR's collection and remittance of the tax increment funds on behalf of the District, to include: monitoring of the collection of the tax by businesses located within the multipurpose facilities site; providing outreach and education within the multipurpose facilities site to promote and ensure proper collection of the tax; and otherwise assisting ADOR and the District with collection and accounting of the tax increment funds; all without charge or cost to the District.
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Related to Tax Increment Revenues

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts receipts and not including rentals or other payments under Space Leases) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Net Sales Proceeds In the case of a transaction described in clause (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (B) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (E) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in the last sentence of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one or more Assets within 180 days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Minimum Consolidated Adjusted EBITDA The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

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