TIF Revenues Sample Clauses

TIF Revenues. On or before each January 15 and July 15, commencing upon the first January 15 or July 15 after receipt of the TIF Revenues, the Trustee shall deposit to the Expenditure Agreement Fund all of the TIF Revenues, for the payment of the principal of the Expenditure Agreement on the immediately succeeding February 1 or August 1 (taking into consideration any amounts currently deposited therein) together with Trustee fees coming due within the next six (6) months. Any remaining TIF Revenues shall be applied by the Trustee as follows: (a) first, to pay any overdue principal and interest on outstanding Expenditure Agreement, with interest continuing to accrue on such overdue amounts at the stated rate on such Expenditure Agreement until paid, and (b) second, to redeem outstanding Expenditure Agreement in accordance with Section 5.1 hereof or to be held as additional reserves for payment of debt service on the Expenditure Agreement, as directed by the Foundation.
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TIF Revenues. Waupaca covenants that all incremental real property taxes, Differential Payments and personal property taxes generated by the Project shall be held by Waupaca in an interest-bearing, segregated revenue stabilization fund (the “Fund’). Waupaca’s obligations under this section will terminate at the same time as the termination of Presto’s obligations under this Agreement. Notwithstanding anything to the contrary in this Agreement, (a) if any TIF Revenues remain in the Fund any time a Differential Payment would otherwise be due under this Agreement, the amount of the Differential Payment due and owing shall be reduced by the withdrawal and application of the amount of such TIF Revenues remaining in the Fund, and (b) if Presto has made any Differential Payment under this Agreement for any tax year, and for any subsequent tax year (the “Subsequent Tax Year”) there remains TIF Revenues in the Fund, Waupaca shall reimburse Presto within 30 days after the end of the Subsequent Tax Year(s), in the amount of the Differential Payment made, but in no event more than the amount of TIF Revenues remaining in the Fund.
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TIF Revenues. Waupaca covenants that all incremental real property taxes, Differential Payments, and personal property taxes generated by the Project shall be held by Waupaca in an interest- bearing, segregated revenue stabilization fund (the "Fund'). Waupaca's obligations under this section will terminate at the same time as the termination of XXXXXXXX PROPERTIES, LLC's obligations under this Agreement. Notwithstanding anything to the contrary in this Agreement, (a) if any TIF Revenues remain in the Fund any time a Differential Payment would otherwise be due under this Agreement, the amount of the Differential Payment due and owing shall be reduced by the withdrawal and application of the amount of such TIF Revenues remaining in the Fund, and (b) if XXXXXXXX PROPERTIES, LLC has made any Differential Payment under this Agreement for any tax year, and for any subsequent tax year (the "Subsequent Tax Year") there remains TIF Revenues in the Fund, Waupaca shall reimburse XXXXXXXX PROPERTIES, LLC within 30 days after the end of the Subsequent Tax Year(s), in the amount of the Differential Payment made, but in no event more than the amount of TIF Revenues remaining in the Fund.
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TIF Revenues. TIF Revenues means the incremental real property tax revenues, that are collected in Xxxxxxxxxx Xxxx #0 and pledged to the payment ofthe EDC Bonds.
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TIF Revenues. The Clerk-Treasurer of the Issuer shall set aside immediately upon receipt TIF Revenues into the Allocation Fund as created by IC 36-7-14. On or before each January 15 and July 15 commencing with 15, 20 , the Issuer shall transfer from the Issuer's Allocation Fund to the Trustee, all TIF Revenues received. The Trustee is hereby directed to transfer to the Bond Fund on each January 15 and July 15 all TIF Revenues received, and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used to optionally redeem, on such January 15 or July 15, the outstanding Bonds in accordance with Section 5.1 hereof, or by the Issuer for such other lawful purposes for which the Issuer receives the prior written consent of the Company.
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TIF Revenues. Waupaca covenants that all incremental real property taxes, Differential Payments and personal property taxes generated by the Project shall be held by Waupaca in an interest-bearing, segregated revenue stabilization fund (the “Fund’). Waupaca’s obligations under this section will terminate at the same time as the termination of Carousel’s obligations under this Agreement. Notwithstanding anything to the contrary in this Agreement, (a) if any TIF Revenues remain in the Fund any time a Differential Payment would otherwise be due under this Agreement, the amount of the Differential Payment due and owing shall be reduced by the withdrawal and application of the amount of such TIF Revenues remaining in the Fund, and
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Related to TIF Revenues

  • Gross Revenue 16.1.1 For the purposes of this PPP Agreement and its Schedules, Gross Revenue shall be defined as:

  • Gross Receipts The entire amount of all receipts, determined on a cash basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Project received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Receipts do not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Project, (ii) any loans to Owner whether or not secured by all or any part of the Project, (iii) any capital expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims).

  • Current Revenues Under Texas law, a contract with a governmental entity that contains a claim against future revenues is void; therefore, each party paying for the performance of governmental functions or services must make those payments from current revenues available to the paying party.

  • Revenues 1. Earnings generated during the project implementation through the sales of products and merchandise, participation fees or any other provisions of services against payment must be deducted from the amount of costs incurred by the project in line with Art 61 of Regulation 1303/2013 and stipulations in the programme implementation manual.

  • Dues Receipts At the same time that Income Tax (T-4) slips are made available, the Employer shall type on the amount of union dues paid by each Union member in the previous year.

  • Current Revenue The funds distributed hereunder shall be paid solely from lawfully available funds of the SEDC. Under no circumstances shall the obligations hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision. None of the obligations under this Agreement shall be pledged or otherwise encumbered in favor of any commercial lender and/or similar financial institution.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • THIRD-PARTY REVENUE Subrecipient shall make every reasonable effort to obtain all available reimbursement from third parties (e.g., insurers), for which persons served hereunder may be eligible. All such third-party reimbursements received by Subrecipient shall be reported to County in the format required by County. The amount of such third-party reimbursements shall be deducted from County’s maximum obligation hereunder.

  • REVENUE All revenue from the event activities may be retained by Permittee.

  • Revenue Metering The Connecting Transmission Owner’s revenue metering will be located on the generator side of the 115kV breaker at the Xxxxx Solar Collector Substation and will consist of: • three (3) combination current/voltage transformer (“CT/VT”) units (manufacturer and model ABB/Xxxxxxx KXM-550, GE Grid Solutions KOTEF 000.XX, or other equivalent specified by Connecting Transmission Owner); and • one (1) revenue meter. The ratios of the CTs and VTs will be provided by Connecting Transmission Owner upon its review of the Interconnection Customer’s design documents. (Note: Connecting Transmission Owner’s revenue metering CTs and VTs cannot be used to feed the Interconnection Customer’s check meter.) SERVICE AGREEMENT NO. 2556

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