Pledged Taxes means (a) the rental car sales and use tax levied by the Authority as of the date of this Resolution at the rate of 0.8%, as authorized by RCW 81.104.160(2), (b) the sales and use tax authorized by RCW 81.104.170, initially approved at an election held on November 5, 1996, and levied by the Authority as of the date of this Resolution at the rate of 0.4%, together with the additional sales and use tax approved at an election held on November 4, 2008, and levied by the Authority as of the date of this Resolution at the rate of 0.5%, together with the additional sales and use tax approved at an election held on November 8, 2016, and levied by the Authority as of the date of this Resolution at the rate of 0.5%, (c) the 1996 Motor Vehicle Tax, together with the additional motor vehicle excise tax approved at an election held on November 8, 2016, and levied by the Authority as of the date of this Resolution at the rate of 0.8%, and(d) Additional Taxes if pledged to the payment of the Parity Bonds and Junior Obligations, in each case as such taxes may be levied from time to time by the Authority.
Pledged Taxes means the taxes levied on the taxable property within the Village to pay principal of and interest on the Bonds as made in Section 10 hereof.
Examples of Pledged Taxes in a sentence
Pursuant to the Bond Ordinance, the Bonds constitute direct and general obligations of the City for the punctual payment of which the City pledges its full faith and credit and, pursuant to the Bond Ordinance, the Pledged Taxes.
The City covenants that the Pledged Taxes shall be used only for the payment of (i) principal of, interest on and Redemption Price, if any, on the Bonds (or for the purchase by the City of the Bonds which are then cancelled), and (ii) Ongoing Financing Services, each unless and until all of the Bonds are paid in full or are fully defeased pursuant to Article VI herein; provided, however, that the levy of Pledged Taxes is subject to abatement as provided in the Bond Ordinance.
More Definitions of Pledged Taxes
Pledged Taxes means (a) the rental car sales and use tax levied by the Borrower as of the Effective Date at the rate of 0.8%, as authorized by RCW 81.104.160, (b) the sales and use tax authorized by RCW 81.104.170, initially approved at an election held on November 5, 1996 and levied by the Borrower as of the Effective Date at the rate of 0.4%, together with the additional sales and use tax approved at an election held on November 4, 2008 and levied by the Borrower as of the Effective Date at the rate of 0.5%, together with the additional sales and use tax approved at an election held on November 8, 2016 and levied by the Borrower as of the Effective Date at the rate of 0.5%, (c) the 1996 Motor Vehicle Tax, together with the additional motor vehicle excise tax approved at an election held on November 8, 2016 and levied by the Borrower as of the Effective Date at the rate of 0.8% and (d) Additional Taxes if pledged to the payment of the Parity Bonds and Junior Obligations and as such taxes may be levied from time to time by the Borrower.
Pledged Taxes means the ad valorem taxes levied or to be levied by the County against all of the taxable property within the County without limitation as to rate or amount, for the punctual payment of the principal of and interest on the Series 2014D Bonds and Series 2018 Bonds.
Pledged Taxes means, for any Bond Year to and including the Bond Year commencing on January 1, 2025, the Sales Taxes net of the Municipal Portion.
Pledged Taxes means the ad valorem property taxes levied upon all of the taxable property in the County without limitation as to rate or amount and pledged by the County as security for the Bonds.
Pledged Taxes means the meaning given that term in Section 15. “Project” has the meaning given that term in Section 1(b).
Pledged Taxes means the ad valorem property taxes levied without limit as to rate or amount to pay when due the debt service on the Bonds.
Pledged Taxes means the direct annual ad valorem tax levied upon all of the taxable property within the County in Section 19.