Debt Service Payments. The first $5 million received annually from Tobacco Settlement funds is used to pay debt service on bonds issued for UAMS- Biosciences, ASU Biosciences and the School of Public Health. Original debt services expire in 2021 and new debt service begins 2021 through 0000 Xxxxxxxx Code 19-12-104(d)(1) provides that the first five million dollars ($5,000,000) received as an Master Settlement Agreement Disbursement in each calendar year beginning in 2002 shall be transferred from the Tobacco Settlement Cash Holding Fund to the Tobacco Settlement Debt Service Fund. Proceeds from the Series 2001 bonds provides capital improvement funding for the Biosciences Research Building, the School of Public Health at the University of Arkansas for Medical Sciences and for the Biosciences Research Building at Arkansas State University in Jonesboro. Proceeds from the Series 2006 bonds provide capital improvement funding for the Arkansas Cancer Research Center on the campus of the University of Arkansas for Medical Sciences. The Series 2006 bonds are capital appreciation bonds, with the first debt service payments due July 1, 2021.
Debt Service Payments. Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan from the Closing Date through and including the last day of the month in which the Closing Date occurs (unless the Closing Date is the first (1st) day of the month, in which case no such interest only payment shall be due), and (b) on each Payment Date thereafter up to and excluding the Maturity Date, Borrower shall make a payment to Lender in an amount equal to the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance, if any, to principal.
Debt Service Payments. The State will request funds two weeks in advance of the bond payment. This early drawdown has been approved by the Federal Highway Administration (FHWA). The request of funds shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the debt service payments of GARVEE bonds issued by the Idaho Housing and Finance Association. This funding technique is interest neutral. Weekly Billing - ITD The State shall request funds once a week at the same time funds are requested for composite clearance pattern. The request for funds shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount of actual costs recorded since the last request for funds as the components become billable. This funding technique is interest neutral.
Debt Service Payments. The City shall be solely responsible for payment of its Allocable Share of the Bond Interest and Redemption Expenses relating to the 2021 WIFIA Financing Program. Payment of Authority Bond Payments by the City shall be made as follows:
Debt Service Payments. ÷ Tax Increment = percentage to be applied to City Portion of the Tax Increment and County Portion of the Tax Increment Assume that Debt Service Payment on October 1, 2020 is $1,951,300 and assume the City and County’s ad valorem and sales taxes are as follows: City Ad Valorem $ 650,000 City Sales Taxes 1,800,000 City Total $2,450,000 County Ad Valorem 950,000 Total Tax Increment $3,400,000 Debt Service Payment $1,951,300 ÷ Tax Increment 3,400,000 = 57.39% City Portion of Tax Increment $2,450,000 x .5739 = $1,406,075* County Portion of Tax Increment 950,000 x .5739 = 545,225* Debt Service Payment $1,951,300 Total Tax Increment 3,400,000 Tax Increment Surplus $1,448,700 *Numbers are rounded for ease of explanation. RESOLUTION OF THE BOARD OF SUPERVISORS OF MADISON COUNTY (THE “COUNTY”), APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION OF AN INTERLOCAL AGREEMENT BETWEEN THE CITY OF RIDGELAND, MISSISSIPPI (THE “CITY”), AND THE COUNTY (THE “INTERLOCAL AGREEMENT”) IN CONNECTION WITH THE CITY’S TAX INCREMENT LIMITED OBLIGATION REFUNDING BONDS, SERIES 2020A (COLONY PARK PROJECT)”) AND TAXABLE TAX INCREMENT LIMITED OBLIGATION REFUNDING BONDS, SERIES 2020B (COLONY PARK PROJECT) (THE “SERIES 2020B BONDS”) AND FOR RELATED PURPOSES.
Debt Service Payments. Any Net Tax Increment Revenues shall be promptly disbursed to the DDA each fiscal year after its contractual debt service obligations have been satisfied. The DDA’s contractual obligation to contribute Net Tax Increment Revenues to the City to fund the Parking Project DDA Deficiency Payments shall not constitute a third party guaranty of the Revenue Bonds. In the event that the City shall for any reason be unable or fail to withhold from its collections of Tax Increment Revenues the amounts necessary to fund the 11 Mile Road Parking Project DDA Deficiency Payments, the DDA shall upon the City’s request immediately pay the amount of the 11 Mile Road Parking Project DDA Deficiency Payment to the City from other legally available Net Tax Increment Revenues of the DDA not currently required for current operation, maintenance and administrative expenses of the DDA and for the Prior 2016 DDA Debt Service Payments and LTGO Project DDA Debt Service Payments, or to fund reimbursements to the City relating to such payments. In the absence of such payment by the DDA, the City shall have all rights and remedies provided by law to enforce the obligations of the DDA hereunder.
Debt Service Payments. YMCA agrees to pay all debt service payments required of it on all existing debt owed by the YMCA to Chase Bank or any other lending institution originally borrowed by the YMCA to finance the purchase and construction of the land and/or building located at 0000 Xxxxx Xxxx, Xxxxx Heights, Ohio (Aggregate Annual Debt Service Payment). Further the YMCA agrees that it will apply the $150,000 Compensation payment made hereunder toward the Aggregate Annual Debt Service Payment and shall provide City with evidence of such payments upon reasonable request. Failure of YMCA to make such Aggregate Annual Debt Service Payment and/or if the YMCA is in default for the payment of any debt service it owes to any lending institution which was borrowed to finance the purchase and construction of the land and/or building located at 0000 Xxxxx Xxxx, Xxxxx Heights, Ohio such failure by the YMCA shall be deemed a material breach of this Agreement, if such failure continues for a period of thirty (30) days after written notice of non-compliance from the City.”
Debt Service Payments i. The Xxxxxx Parties hereby represent and warrant that all Debt Service Payments made to, or for the benefit of, the Xxxxxx Parties on account of the Category 1 Loans from and including September 15, 2008 through the Execution Date shall constitute Category 1 Loan Cash at the Initial Closing.
Debt Service Payments. The DISTRICTS shall be solely and severally liable, shall assume, and hereby agree to pay and retire the debt service issued pursuant to TANC Project Agreement No. 3 in connection with the Layoff Percentages of the LAYOFF ENTITIES (“Debt Service Payments”), and in accordance with the DISTRICTS’ Layoff Percentage of TANC’s Entitlements to Transfer Capability on the COTP, as defined in Section 3(a) and 3(c) of this Agreement. Timing of the payoff of such Debt shall be at the option of the DISTRICTS, provided that at the end of the term of the Layoff the Layoff Entities will have returned, to them, their Layoff Percentages without any TANC Project Agreement No. 3 Debt associated with the Layoff Percentages that existed as of the execution date of this Agreement.
Debt Service Payments. 22. Electricity for which any tenant is separately metered or submetered and pays Landlord or Utility provider directly.
