Examples of Admissions Tax in a sentence
The Parties shall use all commercially reasonable efforts to encourage and assist the City in the establishment of the Special Property Tax and the Special Admissions Tax to support the financing of the CDA Facilities.
Except as required by the rules and regulations of MLB or as permitted herein, the City will not amend any Material Agreement in any manner which would have a material adverse effect on the projected Admissions Tax, the projected Parking Tax or the Obligations or would adversely affect the rights and remedies of the Trustee and the Owners.
The City hereby warrants and represents that the City has duly and lawfully levied and imposed and has lawfully ordered the collection of the Admissions Tax and the Parking Tax to the full extent permitted by and described in the Act.
Any repeal or amendment of the right and power to impose, levy, collect and apply the Admissions Tax and the Parking Tax pursuant to the Act shall never be effective until all amounts due and payable representing Debt Service, Bond Insurance Premium, Administrative Expenses, Indemnification Obligations and Additional Rent Reimbursement Obligations have been paid in full or have been lawfully defeased under this Indenture.
Notwithstanding the foregoing, the PFD may continue to impose the Parking Tax and may impose the Admissions Tax against only the Club, the Club’s operations of the Leased Premises, or the Leased Premises if the County’s authority to levy and collect such tax were assumed by the PFD under Applicable Law.
The PFD shall have the right, through the use of a nationally recognized independent certified public accounting firm selected by the PFD, to audit annually for the prior Lease Year or fiscal year, as applicable, upon ten (10) days’ prior written notice to the Club, all Club records with respect to: (a) Revenue Sharing computations pursuant to Article 5, (b) the Club Creditable Contribution pursuant to Article 7, and (c) Club collection and remission of the Admissions Tax and Parking Tax.
The Sports Authority hereby directs HCSCC, and HCSCC hereby agrees, to pay directly to the NRG Trustee at the payment office of the NRG Trustee, all County Admissions Tax Revenues and all Parking Tax Revenues collected by HCSCC during the Funding Term.
The Admissions Tax (Incremental) Grant is an annual grant in an amount equal to the incremental amount of admissions tax paid for admissions to the Arena pursuant to Chapter 26, Article IX of the City Code, as that statute may be amended from time to time, that is attributable to any increase in the admissions tax rate beyond the rate that applies to the Arena for the Tax Year commencing July 1, 2019.
In connection with the Incremental Funding Bonds issued by the City, the Tenant shall remit to the City Parking Tax revenues and Admissions Tax revenues, and, if necessary to make the issuance of Incremental Funding Bonds financially feasible, the Tenant shall make Additional Rent payments.
Subject to section 6.1 of this Cooperation Agreement, the City shall furnish the Authority with funds in the amount so calculated within 60 days following the end of the Fiscal Year in which such taxes were received, and subject to section 6.2.1 of this Cooperation Agreement, the Authority shall deposit the Admissions Tax (Incremental) Grant in the Renewal Work Account in accordance with the Arena Lease.