Cooperation in Determining TIF Revenues Sample Clauses

Cooperation in Determining TIF Revenues. The City and the Developer agree to cooperate and take all reasonable actions necessary to cause the TIF Revenues to be paid into the Special Allocation Fund, including the City’s enforcement and collection of all such payments through all reasonable and ordinary legal means of enforcement. The Developer (or its successor(s) in interest as an owner or owner(s) of the affected portion(s) of the Property) shall require each “seller” (as that term is defined in Section 144.010(10) of the Missouri Revised Statutes, as amended) located on the Property which has multiple business operations within the City to file a separate DOR Form 53-1 for each location in order to separately identify and declare all sales taxes originating within the Property. To further assist the City in calculating TIF Revenues, the Developer (or its successor(s) in interest as owner or owner(s) of the affected portion(s) of the Property) shall use all reasonable efforts to: (i) Upon written request of the City, supply or cause to be promptly supplied to the City, copies of State sales tax returns filed with Missouri Department of Revenue promptly after filing by “sellers” (as that term is defined in Section 144.010(10) of the Missouri Revised Statutes, as amended) located on the Property; and (ii) Upon written request of the City, supply or cause to be promptly supplied to the City, copies of monthly invoices received for utility services provided to the Property including, but not limited to electric, natural gas, and telephone services; and (iii) Request any purchaser or transferee of real property and any lessee or other user of real property located within Redevelopment Area to designate sales subject to sales taxes pursuant to Chapter 144 of the Revised Statutes of Missouri, as amended, to be reported as originating from the Redevelopment Area to the fullest extent permitted by law (including reasonable efforts to negotiate for the inclusion of a clause so providing in the leases of the Property).
Sample 1
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Cooperation in Determining TIF Revenues. The City and the Developer agree to cooperate and take all reasonable actions necessary to cause the TIF Revenues to be paid into the Xxxxxx Special Allocation Fund and the Xxxxxx South Special Allocation Fund, including the City’s enforcement and collection of all such payments through all reasonable and ordinary legal means of enforcement; provided, the City’s obligations hereunder shall be limited to the extent of available TIF Revenues pursuant to Section 5.2(b) or to funds advanced by the Developer. The Developer (or its successor(s) in interest as an owner or owner(s) of the affected portion(s) of the Property) shall: (a) Require each “seller” (as that term is defined in Section 144.010(10) of the Missouri Revised Statutes, as amended) located on the Property which has multiple business operations within the City to file a separate DOR Form 53-1 for each location in order to separately identify and declare all sales taxes originating within the Property; (b) Supply or cause to be promptly supplied to the City, copies of State sales tax returns filed with the Missouri Department of Revenue after filing by “sellers” (as that term is defined in Section 144.010(10) of the Missouri Revised Statutes, as amended) for locations within the Redevelopment Area (it being understood that the City will have no obligation to deposit Economic Activity Taxes generated from a specific seller into the EATS Account of the Xxxxxx Special Allocation Fund or the EATS Account of the Xxxxxx South Special Allocation Fund, as applicable, if an accurate calculation of such Economic Activity Taxes to be deposited cannot be made because a sales tax return for such seller was not supplied in a timely manner); (c) Supply or cause to be promptly supplied to the City, copies of monthly invoices received for utility services provided within the Redevelopment Area, including but not limited to electric, natural gas, and telephone services (it being understood that the City will have no obligation to deposit utility tax revenues that qualify as Economic Activity Taxes into the EATS Account of the Xxxxxx Special Allocation Fund or the EATS Account of the Xxxxxx South Special Allocation Fund, as applicable, if the above-referenced accounting is not supplied in a timely manner); (d) Request any purchaser or transferee of real property and any lessee or other user of real property located within the Redevelopment Area to designate sales subject to sales taxes pursuant to Chapter 144 of the ...
Sample 1

Related to Cooperation in Determining TIF Revenues

  • ALLOWABLE COSTS AND AUDIT REQUIREMENTS 9 4.1 Allowable Costs. 9 4.2 Audits and Financial Statements 10 4.3 Submission of Audits and Financial Statements 11

  • Total Operating Expenses All costs and expenses paid or incurred by the Company, as determined under GAAP, that are in any way related to the operation of the Company or its business, including the Advisory Fee, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer and registration of securities, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) acquisition fees and Acquisition Expenses, (vii) real estate commissions on the sale of Real Property, and (viii) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgages or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof. 2%/25% Guidelines. 2%/25% Guidelines shall have the meaning set forth in Section 14.

  • Covered Expenses Supervisors must have received prior authorization from their Appointing Authority before incurring any expenses authorized by this Article.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Gross Revenue The Gross Revenue shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.

  • 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) 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.

  • Expenses; Transfer Taxes Each party hereto will bear the legal, accounting and other expenses incurred by such party in connection with the negotiation, preparation and execution of this Agreement, the Transaction Documents, and the transactions contemplated hereby. All sales, transfer, recordation and documentary Taxes and fees which may be payable in connection with the transactions contemplated by this Agreement shall be borne by Transferor.

  • Taxes and Fees Imposed Directly On Either Providing Party or Purchasing Party 13.2.1 Taxes and fees imposed on the providing Party, which are not permitted or required to be passed on by the providing Party to its customer, shall be borne and paid by the providing Party. 13.2.2 Taxes and fees imposed on the purchasing Party, which are not required to be collected and/or remitted by the providing Party, shall be borne and paid by the purchasing Party.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Unallowable Costs Costs that are unallowable under other sections of these principles shall not be allowable under this section solely on the basis that they constitute personnel compensation.

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