SPECIAL LEVY Clause Samples

POPULAR SAMPLE Copied 4 times
SPECIAL LEVY. The Special Levy, as defined in the Rate and Method of Apportionment of Special Levy (the “Rate and Method”) attached to the District General Plan as Exhibit shall be imposed on the taxable parcels of real property located in the PID (as identified in Section and Exhibit of the District General Plan) and the revenues of the Special Levy shall secure the debt service payments due on PID Bonds, as provided in the Act. (i) The PID may issue Special Levy Revenue Bonds in an estimated maximum aggregate principal amount of $ , in one or more series, the proceeds of which shall be used to defray the cost of constructing the Eligible Infrastructure not otherwise reimbursed to TSVI from other sources and for such other purposes authorized under the Act. (ii) At or after the time the PID has incurred a reimbursement obligation as provided in the Amended and Restated Master Development Agreement, the PID may issue reimbursement certificates or other obligations to ▇▇▇▇ providing for reimbursement of TSVI from accumulated Special Levy revenues for Reimbursable Costs. (iii) The Special Levy shall meet the following conditions, as set forth in Exhibit of the PID Feasibility Study:
View SourceView Similar (2)
SPECIAL LEVY. The Special Levy, as defined in the Rate and Method of Apportionment of Special Levy (the "Rate and Method") attached to the District General Plan as Exhibit shall be imposed on the taxable parcels of real property located in the PID (as identified in Section and Exhibit of the District General Plan) and the revenues of the Special Levy shall secure the debt service payments due on PID Bonds, as provided in the Act. (i) The PID shall issue Special Levy Revenue Bonds in an estimated maximum aggregate principal amount of $ , in one or more series, the proceeds of which shall be used to defray the cost of constructing the Eligible Infrastructure not otherwise reimbursed to TSVI from other sources and for such other purposes authorized under the Act. (ii) The Special Levy shall meet the following conditions, as set forth in Exhibit of the PID Feasibility Study:
View SourceView Similar (2)
SPECIAL LEVY. Notwithstanding anything to the contrary stipulated for in this sale agreement, it is agreed between the parties that if a special levy is pro-rated by the Body Corporate as contemplated in Section 3(3) of the Sectional Title Schemes Management Act, 2011 the Purchaser will be liable for such portion which is payable after date of registration of transfer and the Seller liable for such portion for periods prior thereto.
View SourceView Similar (3)
SPECIAL LEVY. 6.01 A levy on members can be imposed only for a specific purpose and may not exceed a term in excess of twelve (12) calendar months. A levy does not refer to, nor include, regular monthly MRSA dues. 6.02 Special levies are recommended by the MRSA Executive and approved by vote of the membership. 6.03 The MRSA Executive will make a recommendation to the membership when a specified levy is required. A meeting of the membership will be set to discuss the specified levy. Ten (10) days prior notice of the meeting must be given to all members via email address last provided by MRU, or the last provided personal email address of the member. A vote will be held following the meeting and conducted in accordance with MRSA Policy. The special levy will be implemented if accepted by the majority of members participating in the vote.
View Source
SPECIAL LEVY. 6.1 Funds raised by the Special Area Levy being imposed by the City shall only be utilized for the acquisition of the Stonebridge Golf Course and its operation as a golf course or as Open Space/Green Space, except as permitted in clause 5.7 above. 6.2 Funds raised by the Special Area ▇▇▇▇, and any interest earned by such funds, shall be held in a special account, the Stonebridge Levy Reserve. 6.3 Should the Stonebridge Golf Course be owned or leased by the SCA or a nominee corporation, funds shall be released from the Stonebridge Levy Reserve to the SCA or nominee corporation upon certification satisfactory to the City Treasurer that such funds are necessary for the then current year’s operation (capital, maintenance/repair, daily operations) of the Stonebridge Golf Course. 6.4 The owner, lessee and/or third party service provider shall make their records in respect of the Stonebridge Golf Course (as either a golf course or open space/green space) available, upon 15 days written notice, to the City’s Auditor General or the City’s external auditor.
View Source
SPECIAL LEVY. If after acceptance hereof but before transfer is effected, the body corporate passes any resolution imposing a special levy to cater for any future improvements to the scheme the PURCHASER shall be liable for the payment thereof. The SELLER warrants that it/he is not aware of any pending resolution and further undertakes to timeously notify the PURCHASER of any meeting of the Body Corporate to be held between date of acceptance of this agreement and date of transfer.
View Source

Related to SPECIAL LEVY

  • Collateral Management Fee Borrower shall pay Lender as additional interest a monthly collateral management fee (the "Collateral Management Fee") equal to 0.15% per month calculated on the basis of the daily average amount of the balances under the Revolving Facility (excluding any Unfunded L/C Exposure under the L/C Sublimit) outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears on the first day of each successive calendar month (starting with the month in which the Closing Date occurs).

  • Bring Down Opinions; Negative Assurance At each Representation Date, unless waived by the Manager, the Company shall furnish or cause to be furnished forthwith to the Manager and to counsel to the Manager (i) a written opinion of Company U.S. Counsel and (ii) a written opinion of Company Australian Counsel, each addressed to the Manager and dated and delivered on such Representation Date, in form and substance reasonably satisfactory to the Manager, including a negative assurance representation of Company U.S. Counsel. The requirement to furnish or cause to be furnished an opinion (but not with respect to a negative assurance representation) under this Section 4(l) shall be waived for any Representation Date other than a Representation Date on which a material amendment to the Registration Statement or Prospectus is made or the Company files its Annual Report on Form 20-F or a material amendment thereto under the Exchange Act, unless the Manager reasonably requests such deliverable required this Section 4(l) in connection with a Representation Date, upon which request such deliverable shall be deliverable hereunder. Notwithstanding the foregoing, the requirement to furnish or cause to be furnished an opinion or negative assurance representation under this Section 4(l) shall be waived for any Representation Date occurring at a time at which no instruction to the Manager to sell ADSs pursuant to this Agreement has been delivered by the Company or is pending. Notwithstanding the foregoing, if the Company subsequently decides to sell ADSs following any Representation Date when the Company relied on such waiver and did not provide the Manager an opinion or negative assurance representation pursuant to this Section 4(l), then before the Company instructs the Manager to sell ADSs pursuant to this Agreement, the Company shall provide the Manager with such opinion or negative assurance representation.

  • Collateral Monitoring Fee A monthly collateral monitoring fee of $1,000, payable in arrears on the last day of each month (prorated for any partial month at the beginning and upon termination of this Agreement); and

  • Funding Date Each Lender’s obligations to make any Loan hereunder shall become effective upon the satisfaction or waiver (in accordance with Section 8.02) of the following conditions on or after the Effective Date: (a) The Effective Date shall have occurred; (b) The Acquisition shall have been (or, substantially contemporaneously with the borrowing of the Loans, shall be) consummated in each case in all material respects in accordance with the terms set forth in the Acquisition Agreement after giving effect to any modifications, amendments, supplements, consents, waivers or requests, other than those modifications, amendments, supplements, consents, waivers or requests (including the effects of any such requests) by the Borrower that are materially adverse to the interests of the Lenders (it being understood that any modification, amendment, supplement, consent, waiver or request by the Borrower to the definition of Material Adverse Effect (as defined in the Acquisition Agreement) shall be deemed to be materially adverse to the interests of the Lenders and any consent or request made by the Borrower pursuant to Section 6.15 of the Acquisition Agreement and the Acquired Company’s compliance therewith shall not be deemed to be materially adverse to the interests of the Lenders), unless consented to in writing by the Arrangers (such consent not to be unreasonably withheld, conditioned or delayed); (c) The Administrative Agent shall have received (i) audited consolidated balance sheets and related audited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each of the three fiscal years most recently ended at least 90 days prior to the Funding Date and (b) unaudited consolidated balance sheets and related unaudited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each subsequent fiscal quarter ended at least 45 days prior to the Funding Date; provided that the filing of financial statements complying with the foregoing requirements on Form 10-K or Form 10-Q, as the case may be, by the Borrower or the Acquired Company will satisfy the applicable conditions set forth in this clause (c) of Section 4.

  • Solvency Opinion The Administrative Agent shall have received a solvency opinion in form and substance and from an independent investment bank or valuation firm reasonably satisfactory to the Administrative Agent to the effect that each of (a) Holdings, the Borrower and the Subsidiary Guarantors, on a consolidated basis, and (b) the Borrower and the Subsidiary Guarantors, on a consolidated basis, in each case after giving effect to the Recapitalization Transactions, are solvent;