District Operating Mill Levy Tax Increment Revenues Sample Clauses

District Operating Mill Levy Tax Increment Revenues. (a) In order to facilitate the funding by the District of the costs of operations and maintenance services, the Authority hereby agrees that it will segregate and promptly remit, on a monthly basis, to the District, all District Operating Mill Levy Tax Increment Revenues. Notwithstanding the foregoing, the Authority shall have the obligation to remit such District Operating Mill Levy Tax Increment Revenues to the District solely to the extent the Authority receives the same.
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District Operating Mill Levy Tax Increment Revenues. In order to facilitate the funding by the District of the costs of operations and maintenance services, the Authority hereby agrees that it will segregate and promptly remit, on a monthly basis, to the District, all District Operating Mill Levy Tax Increment Revenues. Notwithstanding the foregoing, the Authority shall have the obligation to remit such District Operating Mill Levy Tax Increment Revenues to the District solely to the extent the Authority receives the same. The District agrees to use all District Operating Mill Levy Tax Increment Revenues to fund the costs of operations and maintenance services. The Authority will apply any Property Tax TIF received in respect of the District Debt Service Mill Levy as required by the Pledge Agreement and the other Bond Documents. For purposes of this Section 3.4, the following capitalized terms shall have the following meanings:
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Related to District Operating Mill Levy Tax Increment Revenues

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