TDD Sales Tax Sample Clauses

TDD Sales Tax. The parties hereby agree that Eligible Expenses shall be financed and paid for only with Pay-As-You-Go TDD Financing, payable from revenues received from the imposition of a TDD sales tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the District (the "TDD Sales Tax"). On August 21, 2014, the City delivered a copy of the TDD Resolution to the Kansas Department of Revenue (“DOR”) imposing the TDD Sales Tax effective January 1, 2015. The Developer hereby represents that it has provided to the DOR a list of tenants within the District within the timeframes required by the DOR, so that the DOR was able to notify tenants within the District of the requirement of the tenant to impose a TDD Sales Tax beginning on January 1, 2015. The Developer shall continue to provide ongoing information to the DOR regarding new tenants in the District. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City.

TDD Sales Tax. The City hereby agrees that, subject to the TDD Cap, the Eligible Expenses incurred by Developer may be financed and reimbursed with Pay-As-You-Go TDD Financing, and payable from revenues received from the imposition of a TDD Sales Tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79- 3601 et seq.) within the District. Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants within the District within the timeframes required by the DOR, so that the DOR can notify tenants within the District of their requirement to collect a TDD Sales Tax beginning on that certain date which is set forth in Recital F of this Agreement. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City and the Secretary.

TDD Sales Tax. The City hereby agrees that, subject to the TDD Cap and the other terms and conditions set forth in this Agreement, the Eligible Expenses incurred by Developer for TDD Project Costs shall be financed and reimbursed with Pay-As-You- Go TDD Financing (as defined in Section 4.03(c) below), and payable from revenues received from the imposition of a TDD sales tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the TDD District (the "TDD Sales Tax"). Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants within the District within the timeframes required by the DOR, so that the DOR can notify tenants within the District of their requirement to collect a TDD Sales Tax beginning on that certain date which is set forth in Recital I of this Agreement. At the time the list of tenants is provided to the DOR, Developer shall also provide a copy to the City.

TDD Sales Tax. The City has delivered a copy of the TDD Resolution to the Kansas Department of Revenue (“DOR”) imposing the TDD Sales Tax effective January 1, 2008. The Developer agrees to provide ongoing contact information to the DOR and the City regarding new tenants within the Oak Park Mall TDD. Except as otherwise set forth herein, all TDD Sales Tax shall be available for and dedicated to pay Eligible Expenses for the duration of the TDD term or until the City’s obligations under this Agreement have been satisfied, whichever is first, and shall be utilized according to the procedures set forth herein in the following order of priorities: 1. First, pursuant to 2009 Senate Bill No. 78, Section 2, the Existing Deposit shall be used to pay accrued City Expenses, and the fees described in Article VII (A) incurred to the date hereof, and Eligible Expenses to the extent of the Existing Deposit; 2. Second, to finance the TDD Project; pay the principal and interest on any TDD Bonds issued to 3. Third, to pay or reimburse the City for all City Expenses; and 4. Fourth, to the extent permitted under the TDD Act, to reimburse the Developer for remaining Eligible Expenses.

TDD Sales Tax. The City has delivered a copy of the TDD Resolution to the Kansas Department of Revenue (“DOR”) imposing the TDD Sales Tax effective April 1, 2012. The Developer agrees to provide to the a list of tenants within the District no later than January 1, 2012, so that the DOR can notify tenants within the District of the requirement of the tenant to impose a TDD Sales Tax beginning on April 1, 2012. At the time the list of tenants is provided to the DOR, the Developer shall also provide a copy to the City. Except as otherwise set forth herein, all TDD Sales Tax shall be available for and dedicated to pay Eligible Expenses until sufficient TDD Sales Tax has been received to pay for the cost of Eligible Expenses or not later than the date the TDD Bonds issued to finance the Project or refunding bonds issued therefor shall mature and shall be utilized according to the procedures set forth herein in the following order of priorities: 1. First, to pay the principal and interest on any TDD Bonds issued to finance the TDD Improvements; 2. Second, to pay or reimburse the City for all City Expenses including the City TDD Annual Administrative Fee; and 3. Third, to the extent permitted by the TDD Act, to reimburse the Developer for remaining Eligible Expenses. Notwithstanding the foregoing, the Parties acknowledge that the effective date of the TDD Sales Tax may be delayed to a later date or expedited to an earlier date if either such action is requested in writing at least one hundred eighty (180) days prior to April 1, 2012 or the effective date of the TDD Sales Tax by all owners of record within the District and approved by the governing body of the City.

TDD Sales Tax. The TDD shall levy a TDD sales tax of .5% on all sales of tangible personal property at retail or rendering or furnishing services taxable pursuant to the provisions of the Kansas retailer’s sales tax act, and amendments thereto, within the TDD Area, (the “TDD Sales Tax”).

TDD Sales Tax. The City has delivered a copy of the TDD Ordinance to the Kansas Department of Revenue imposing the TDD Sales Tax effective July 1, 2009. The Developer agrees to provide to the City and the Kansas Department of Revenue (the “DOR”) a list of tenants within the TDD no later than January 31, 2009, so that the DOR can notify tenants within the TDD of the requirement of the tenants to impose a TDD Sales Tax beginning July 1, 2009. The Developer also agrees to provide ongoing information to the DOR and the City regarding new tenants within the TDD. Notwithstanding the foregoing, the parties acknowledge that the effective date of the TDD Sales Tax may be delayed to a later date if requested in writing by all owners of record within the TDD District pursuant to the provisions of the TDD Ordinance and approved by the governing body of the City.

TDD Sales Tax. Upon the earlier of (i) all Obligations having been paid or (ii) thirty years from the date on which the TDD Sales Tax is first imposed, the TDD shall implement the procedures in the TDD Act for repeal of the TDD Sales Tax and abolishment of the TDD. The TDD shall not implement the procedures for repeal or modification of the TDD Sales Tax and abolishment of the TDD if the TDD, with the prior written consent of the City, has approved another project pursuant to the TDD Act. Upon repeal of the TDD Sales Tax, the TDD shall:

TDD Sales Tax. The City hereby agrees that, subject to the TDD Cap, the eligible TDD Improvement Costs incurred by Developer may be financed by Developer and reimbursed to Developer with Pay-As-You-Go TDD Financing (as defined in Section 4.04), and payable from revenues received from the imposition of a TDD Sales Tax in the amount of one percent (1%) on the sale of tangible personal property at retail or rendering or furnishing services which are taxable pursuant to the Kansas Retailers' Sales Tax Act (K.S.A. 79-3601 et seq.) within the TDD District. Developer agrees to provide to the Kansas Department of Revenue (the "DOR") a list of tenants within the TDD District within the timeframes required by the DOR, so that the DOR can notify tenants within the TDD District of their requirement to collect a TDD Sales Tax beginning on April 1, 2018 as set forth in Recital G of this Second Amended and Restated

TDD Sales Tax. The City has delivered a copy of the TDD Resolution to the Kansas Department of Revenue (“DOR”) imposing the TDD Sales Tax effective January 1, 2008. The Developer agrees to provide ongoing information to the DOR and the City regarding new tenants within the Deer Creek TDD. Except as otherwise set forth herein, all TDD Sales Tax shall be available for and dedicated to pay Eligible Expenses until sufficient TDD Sales Tax has been received to pay the cost of Eligible Expenses or not later than the date the bonds issued to finance the project or refunding bonds issued therefore shall mature and shall be utilized according to the procedures set forth herein in the following order of priorities: 1. First, the Existing Deposit shall be used to pay accrued City Expenses, and the fees described in Article VII (A) incurred to the date hereof and Eligible Expenses to the extent of the Existing Deposit; 2. Second, to pay the principal and interest on TDD Bonds issued, if any, to finance the TDD Improvements; 3. Third, to pay or reimburse the City for all City Expenses including the City TDD Annual Administrative Fee; and 4. Fourth, to the extent permitted under the TDD Act, to reimburse the Developer for remaining Eligible Expenses.