Special Tax Sample Clauses

Special Tax. Effective October 1, 2016 and annually thereafter, the District agrees to request that the Plan Administrator and/or the District healthcare consultant provide the District with information as to whether or not any of the health benefit plans offered by the District would be projected to incur or actually incur an excise tax, tax, penalty or any cost on either the District or employees as the result of the implementation of these on the District’s health benefit plan. This process will be repeated annually thereafter and updated as needed. In the event that it is determined and/or projected that any of the health benefit plans offered by the District will incur excise taxes, taxes, or any other special penalties imposed on the District as the result of the health benefit plans by the new law(s) the District will immediately meet and discuss to redesign the Plan(s) to remain below the threshold of the financial cost. The Parties agree that the process of identifying a new plan will be completed before the imposition of any tax, taxes, penalty or any other special penalties imposed as the result of the health benefit plans that are projected to exceed the thresholds by the Law or Procedure.
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Special Tax. Any local agencies that levy a special tax on the Property pursuant to the Xxxxx-Xxxx Community Facilities Act or Improvement Bond Act of 1915.
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Special Tax. (a) The City and County of San Francisco formed the Transbay Center District Plan [Xxxxx-Xxxx] Community Facilities District No. 2014-1 (Transbay Transit Center) (“CFD”) to help pay the costs of constructing the new Transit Center, the Downtown Rail Extension, and other infrastructure in the Transit Center District Plan area. The special tax rates as of the Effective Date (as defined in Section 12.21) are as set forth in the CFD Rate and Method of Apportionment (“RMA”) attached hereto as Exhibit S. Buyer shall be responsible for payment of the CFD special tax applied to the Transbay Parcel F Property from and after Closing and the development thereof. State Parcel F (APN 3721-015A) 75 Natoma (APN 3721-031), and 546 Xxxxxx (APN 3721-016) are already included in the CFD. On , 2015, the TJPA requested that the City annex 564 Xxxxxx (APN 3721- 019), 568 Xxxxxx (APN 3721-020), and 77-79 Natoma (APN 3721-029) into the CFD. Buyer shall be responsible for payment of the CFD special tax applied to the Transbay Parcel F Property from and after Closing and the development thereof. If the TJPA’s request to annex 564 Xxxxxx (APN 3721-019), 568 Xxxxxx (APN 3721-020), and 77-79 Natoma (APN 3721-029) into the CFD is pending on the Closing Date, then (i) Buyer shall be responsible for diligently causing such annexation to be completed by no later than December 31, 2016, and (ii) if Buyer fails to cause such annexation to be completed by December 31, 2016, Buyer shall pay to the City for transmittal to the TJPA, or retention by the City as applicable, the estimated CFD special tax amount that otherwise would have been due to the San Francisco Office of the Assessor-Recorder (“Assessor-Recorder”) under the RMA and on the same payment schedule that would have been required as if the improvements were subject to the RMA from, and after, the date of issuance of the Final Certificate of Occupancy for the improvements until the improvements are subject to a CFD.
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Special Tax. The Maximum Special Tax Rate of the Special Tax authorized to be levied on each Assessor’s Parcel classified as Campsite Property or Hotel Property shall be determined pursuant to Table 1 below. The City Council may, by resolution, levy the Special Tax at a rate less than the Maximum Special Tax Rate, such rate to become effective no sooner than the first day of the first month at least sixty (60) days following the effective date of such resolution. Should the City Council adopt a resolution levying the Special Tax at a rate less than the Maximum Special Tax Rate, such rate shall remain in effect until the City Council adopts a different Special Tax rate by resolution, subject always to the limitations of the Maximum Special Tax Rate. Table 1 Period Beginning Period Ending Maximum Special Tax Rate July 1, 2020 One day prior to Effective Date 5.0% of Rent Effective Date June 30, 2060 5.5% of Rent July 1, 2060 June 30, 2075 2.5% of Rent July 1, 2075 June 30, 2086 1.0% of Rent The Special Tax associated with Rent that is charged for Occupancy by Transients shall be considered levied at the same time the Transient ceases such Occupancy. If a Public Property is classified as Campsite Property or Hotel Property due to the grant of a lease or other possessory interest in such Assessor’s Parcel of Public Property to the Operator of a Campsite or Hotel thereon, the Special Tax shall only be levied during such time that such grant of lease or possessory interest is effective and shall cease upon the termination or expiration of such grant of lease or possessory interest.
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Special Tax. In the event the Special Assessment is determined to be legally unenforceable in a final decree by a court of competent jurisdiction, the County may levy a Special Tax in accordance with this paragraph 5(g) and this Memorandum. In such event, not later than February 15 of each year, commencing on the February 15 immediately following such a final decree, the CDA will request that the County levy and collect the Special Tax at such rate, subject to the limitations of this Memorandum, as the County determines is needed for any of the purposes set forth herein in paragraphs 5(b) and 5(c) above, provided, however, that any assessment, levy, and collection of a Special Tax as a result of such request, and any payment of Special Tax revenues, is solely at the discretion of the Board and subject to annual appropriation. Pursuant to Virginia Code Section 15.2-5158(A)(3), the Landowner affirms that it is the sole owner of all real property within the CDA District at the time of execution of this Memorandum, and as such hereby irrevocably requests that for any tax year the maximum rate of the Special Tax be set in excess of $.25 per $100 of assessed fair market value of any taxable real estate or the assessable value of taxable leasehold property, to the extent that a Special Tax in excess of that rate is reasonably determined to be necessary to provide revenue in replacement of revenue expected to be derived from the levy of the Special Assessment as contemplated by this Memorandum.
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Special Tax. 8. All information supplied by the Special Tax Consultant for use in the Official Statement, including without limitation, the information in Appendix D is true and correct in all material respects, and, as of the date of the Official Statement and as of the date hereof, the information contained in the Official Statement relating to the District, the Special Taxes, the RMAs, and any other data or information provided by the Special Tax Consultant and included in the Official Statement, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading. Dated: [Closing Date] XXXX MUNICIPAL FINANCE, LLC By: Authorized Signatory APPENDIX I BEAUMONT PUBLIC IMPROVEMENT AUTHORITY LOCAL AGENCY REFUNDING BONDS SERIES 2021A (FEDERALLY TAXABLE) CLOSING CERTIFICATE OF MUNICIPAL ADVISOR The undersigned, on behalf of Urban Futures, Inc. (the “Municipal Advisor”), hereby makes the following certifications pursuant to Section 9(n) the Bond Purchase Agreement, dated [BPA Date] (the “Purchase Agreement”), by and among the Beaumont Public Improvement Authority, the City of Beaumont Community Facilities District No. 93-1 (the “District”), and Xxxxxx, Xxxxxxxx & Company, Incorporated, as underwriter. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Purchase Agreement.
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Special Tax. (a) The City and County of San Francisco formed the Transbay Center District Plan [Xxxxx-Xxxx] Community Facilities District No. 2014-1 (Transbay Transit Center) (“CFD”) to help pay the costs of constructing the new Transit Center, the Downtown Rail Extension, and other infrastructure in the Transit Center District Plan area. The special tax rates as of the Effective Date (as defined in Section 12.21) are as set forth in the CFD Rate and Method of Apportionment (“RMA”) attached hereto as Exhibit S. Buyer shall be responsible for payment of the CFD special tax applied to the Transbay Parcel F Property from and after Closing and the development thereof.
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Special Tax. Except as expressly provided herein, Cove residents shall not be charged with any special tax, assessment or other cost allocation to pay for construction or maintenance of any park, wharf, Terminal 1 landscaping, or lighting, or any Terminal One Bay Trail section along all sides of Terminal One property including the north section on BCR west of Yacht Club to Xxxxxx Drive. REVISED EXHIBIT F GRANT DEED RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: Terminal One Development LLC c/o Laconia Development LLC 0000 Xxxxx Xxxxxxxx, Xxxxx 000 Xxxxxx Xxxxx, XX 00000 Attn. Xxxxxx Xxxxx/Xxxx Xxxxxxx APN: 000-000-000 (Space above This Line for Recorder’s Office Use Only) The undersigned grantor declares the County documentary transfer taxes are equal to $11,000 (Exempt from Recording Fee per Gov. Code § 6103) GRANT DEED FOR A VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the CITY OF RICHMOND, a municipal corporation and charter city ("Grantor") hereby grants to TERMINAL ONE DEVELOPMENT LLC, a Delaware limited liability company ("Grantee"), the real property in the City of Richmond , County of Contra Costa, State of California, as more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference (“Property”). As conditions of this conveyance, Grantee covenants by and for itself and any successors-in-interest for the benefit of Grantor as follows:
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Special Tax. The “Special Tax” shall mean taxes levied by Issuer within the Tax District as authorized by the Special Tax Act and in accordance with the TIF Legislation, setting the tax rate within the Tax District, and with the terms of this Memorandum.
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Related to Special Tax

  • Special Tax Consequences The Participant acknowledges that, to the extent that the aggregate Fair Market Value (determined as of the time the Option is granted) of all shares of Stock with respect to which Incentive Stock Options, including the Option, are exercisable for the first time by the Participant in any calendar year exceeds $100,000, the Option and such other options shall be Non-Qualified Stock Options to the extent necessary to comply with the limitations imposed by Section 422(d) of the Code. The Participant further acknowledges that the rule set forth in the preceding sentence shall be applied by taking the Option and other “incentive stock options” into account in the order in which they were granted, as determined under Section 422(d) of the Code and the Treasury Regulations thereunder.

  • No Special Taxes The Contributors have no actual knowledge of, nor have they received any written notice of, any special taxes or assessments relating to the Partnership or Property or any part thereof or any planned public improvements that may result in a special tax or assessment against the Property.

  • DAC TAX 14.1 The parties to this Agreement agree to the following provisions pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended:

  • SPECIAL TAX ELECTION The acquisition of the Purchased Shares may result in adverse tax consequences which may be avoided or mitigated by filing an election under Code Section 83(b). Such election must be filed within thirty (30) days after the date of this Agreement. A description of the tax consequences applicable to the acquisition of the Purchased Shares and the form for making the Code Section 83(b) election are set forth in Exhibit II. OPTIONEE SHOULD CONSULT WITH HIS OR HER TAX ADVISOR TO DETERMINE THE TAX CONSEQUENCES OF ACQUIRING THE PURCHASED SHARES AND THE ADVANTAGES AND DISADVANTAGES OF FILING THE CODE SECTION 83(b) ELECTION. OPTIONEE ACKNOWLEDGES THAT IT IS OPTIONEE'S SOLE RESPONSIBILITY, AND NOT THE CORPORATION'S, TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(b), EVEN IF OPTIONEE REQUESTS THE CORPORATION OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR HER BEHALF.

  • Special Tax Redemption The Company may elect to redeem the outstanding Senior Notes, in whole but not in part, at any time, upon not less than 30 nor more than 60 days’ prior written notice delivered electronically or mailed by first-class mail to the registered address of each Holder of the Senior Notes or otherwise in accordance with the procedures of the U.S. Depositary, at a Redemption Price equal to 100% of the principal amount of the Senior Notes to be redeemed, plus accrued and unpaid interest thereon, if any, to, but not including, the date fixed for redemption (a “Tax Redemption Date”), and Additional Amounts, if any, then due or becoming due on the Tax Redemption Date in the event (i) the Company is, has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Senior Notes, any Additional Amounts or indemnification payments (other than in respect of documentary taxes) as a result of (A) a change or amendment in the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Taxing Jurisdiction; or (B) any change or amendment in the application, administration or interpretation of such laws, treaties, regulations or rulings (including pursuant to a holding, judgment or order by a court of competent jurisdiction); which change or amendment, in either case, is announced or becomes effective after the date hereof (or, if the applicable Relevant Taxing Jurisdiction became a Relevant Taxing Jurisdiction on a later date, after such later date) (each of the foregoing in clauses (A) and (B), a “Change in Tax Law”); and (ii) the Company has determined in its business judgment that the obligation to pay such Additional Amounts cannot be avoided by the use of reasonable measures available to the Company. Notwithstanding the foregoing, no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company would, but for such redemption, be obligated to make such payment or withholding or later than 90 days after the Company is first obligated to make such payment or withholding. Prior to the delivery or mailing of any notice of redemption of the Senior Notes pursuant to the foregoing, the Company shall deliver to the Trustee (1) a certificate signed by a duly authorized officer stating that the Company is entitled to effect the redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Company to so redeem have occurred and (2) an opinion of an independent tax counsel of recognized international standing to the effect that the circumstances referred to in clause (i) in the first sentence of this Section 204 exist, and the Trustee shall accept such certificate and such opinion as sufficient evidence of the satisfaction of the conditions precedent above, which acceptance shall then be conclusive and binding on the Holders of Senior Notes.

  • Agreed Tax Treatment Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtedness.

  • Tax Unless specified otherwise in the Proclamation of sale, if the sale of this property is subjected to Tax, such Tax will be payable and borne by the Purchaser.

  • General Tax Indemnity (a) The Indemnity Provider shall pay and assume liability for, and does hereby agree to indemnify, protect and defend each Property and all Indemnified Persons, and hold them harmless against, all Impositions on an After Tax Basis, and all payments pursuant to the Operative Agreements shall be made free and clear of and without deduction for any and all present and future Impositions.

  • Value Added Tax (a) All consideration expressed to be payable under a Finance Document by any Party to a Finance Party shall be deemed to be exclusive of any VAT. If VAT is chargeable on any supply made by any Finance Party to any Party in connection with a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT.

  • Increased Costs Break Funding Payments Taxes Illegality Section 5.01 Increased Costs 39 Section 5.02 Break Funding Payments 40 Section 5.03 Taxes 40 Section 5.04 Mitigation Obligations; Replacement of Lenders 43 Section 5.05 Illegality 44

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