Common Revenue Pool definition

Common Revenue Pool means the Pool referred to in Article 32;
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Common Revenue Pool means the Pool referred to in Article 32; "Council" means the Council of Ministers established by Article 7;
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Common Revenue Pool means the Pool referred to in Article 32; "Council" means the Council of Ministers established by Article 7; "customs duties" means customs duties as defined in the customs legislation in force in the respective Member States; "excise duties" means excise duties as defined in the excise legislation in force in the respective Member States; "financial year" means a period of 12 months commencing on the 1st of April; "Lesotho" means the area of the Kingdom of Lesotho; "Namibia" means the area of the Republic of Namibia; "SACU" means the Southern African Customs Union established by Article 3; "Secretariat" means the Secretariat of SACU established by Article 7; "South Africa" means the area of the Republic of South Africa; "Swaziland" means the area of the Kingdom of Swaziland; "Tariff Board" means the SACU Tariff Board established by Article 7; "Technical Liaison Committees" means Committees established by Article 7; "Tribunal" means an adhoc Tribunal established by Article 7; "WTO" means the World Trade Organisation. Article 2 Objectives The objectives of this Agreement are - (a) to facilitate the cross-border movement of goods between the territories of the Member States; (b) to create effective, transparent and democratic institutions which will ensure equitable trade benefits to Member States; (c) to promote conditions of fair competition in the Common Customs Area; (d) to substantially increase investment opportunities in the Common Customs Area; (e) to enhance the economic development, diversification, industrialization and competitiveness of Member States; (f) to promote the integration of Member States into the global economy through enhanced trade and investment; (g) to facilitate the equitable sharing of revenue arising from customs, excise and additional duties levied by Member States; and (h) to facilitate the development of common policies and strategies. Article 3
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Examples of Common Revenue Pool in a sentence

  • A Member State or SACU institution may be appointed by the Council to manage the Common Revenue Pool.

  • All customs, excise and additional duties collected in the Common Customs Area shall be paid into the Common Revenue Pool in accordance with Article 33 within three (3) months of the end of the quarter of a financial year.

  • Payments shall be made on the first day of each quarter of a financial year to all Member States from the Common Revenue Pool in accordance with Articles 33 and 34.

  • These latter documents were not produced at high enough frequency to ensure that the timing was correct.Table 3 shows the list of events and the magnitudes assigned to them.

  • All transactions into and out of the Common Revenue Pool shall be reported to the Secretariat, and shall be subjected to regular audits.

  • The SACU Common Revenue Pool is expected to shrink as weaker-than-expected imports and household consumption reduce customs and excise duties.

  • Most clients will be seen on a weekly basis, and less frequently as they prepare for termination.

  • Lesotho’s share of SACU receipts from the Common Revenue Pool (CRP), rose by 41.6% from M1,351.9 million recorded in 2003/04 to M1,913.9 million in 2004/05 and further increased by 15.9% to M2,218.6 million in 2005/06, before rising substantially by 73.9% to M3,858.4 million in 2006/07 due to higher than expected receipts resulting from more imports than projected.

  • Any difference between the normal duty and the duty originally charged on these goods shall be paid into the Common Revenue Pool.

  • South Africa’s customs duty – a major driver of payments to SACU – was the poorest-performing tax category in 2016/17.Changes to the Common Revenue Pool since 2017 BudgetTo manage the impact of lower collections, the SACU revenue-sharing formula takes account of forecast errors, witha two-year lag.

Related to Common Revenue Pool

  • Residual Auction Revenue Rights means incremental stage 1 Auction Revenue Rights created within a Planning Period by an increase in transmission system capability, including the return to service of existing transmission capability, that was not modeled pursuant to Operating Agreement, Schedule 1, section 7.5 and the parallel provisions of Tariff, Attachment K- Appendix, section 7.5 in compliance with Operating Agreement, Schedule 1, section 7.4.2 (h) and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2(h), and, if modeled, would have increased the amount of stage 1 Auction Revenue Rights allocated pursuant to Operating Agreement, Schedule 1, section 7.4.2 and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2; provided that, the foregoing notwithstanding, Residual Auction Revenue Rights shall exclude: 1) Incremental Auction Revenue Rights allocated pursuant to Tariff, Part VI; and 2) Auction Revenue Rights allocated to entities that are assigned cost responsibility pursuant to Operating Agreement, Schedule 6 for transmission upgrades that create such rights.

  • Overcollateralization Target Amount As of any Distribution Date, 1.30% of the Initial Aggregate Receivables Principal Balance.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Auction Revenue Rights Credits means the allocated share of total FTR auction revenues or costs credited to each holder of Auction Revenue Rights, calculated and allocated as specified in Operating Agreement, Schedule 1, section 7.4.3, and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.3.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Anticipated county property tax revenue availability means the

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Portfolio Adjusted Yield means, with respect to any Monthly Period, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate for such Monthly Period from the Portfolio Yield for such Monthly Period.