Annual Collection Costs definition
Annual Collection Costs shall have the meaning assigned to such term in the Indenture.
Annual Collection Costs means the actual or estimated costs (including reasonable attorneys' fees) paid or incurred in connection with: (1) the preparation of Service Plan Updates and the resulting adjustments, if any, to Assessments or Annual Installments; (2) the computation, collection, and application of payments of Assessments and Annual Installments and any other payments related thereto; (3) the performance of any duties or obligations imposed by the Service and Assessment Plan or this Indenture related to (i) the computation, collection and application of payments of Assessments and Annual Installments and any other related payments, or (ii) the use of any of the foregoing payments to pay the Phase 2B, 2C, and 3A1 Cost; (4) maintaining books and records with respect to the foregoing; and (5) payment of debt service or any other obligations related to the Bonds as required by this Indenture and costs incurred performing any other duties or obligations imposed by this Indenture (including the calculation and disposition of the costs of arbitrage).
Annual Collection Costs means, with respect to Improvement Area #4, the actual or budgeted costs and expenses related to the creation and operation of the District, the issuance and sale of the Bonds, and the construction, operation and maintenance of the Improvement Area #4 Improvements, including, but not limited to, costs and expenses for: (1) the Administrator and City staff; (2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4) preparing and maintaining records with respect to the Assessment Rolls and Annual Service Plan Updates; (5) issuing, paying, and redeeming the Bonds; (6) investing or depositing Assessments and Annual Installments; (7) complying with the Service and Assessment Plan and the PID Act with respect to the administration of a reimbursement agreement and the issuance and sale of the Bonds, including continuing disclosure requirements; and (8) the paying agent/registrar and Trustee in connection with the Bonds, including their respective legal counsel. Amounts collected for Annual Collection Costs but not expended in any year shall be carried forward and applied to reduce Annual Collection Costs for subsequent years.
Examples of Annual Collection Costs in a sentence
The fees associated with filing any updates or amendments to the Service and Assessment Plan with the County Clerk shall be paid as an Annual Collection Costs.
The City shall not be required under any circumstances to expend any funds for Delinquent Collection Costs or Annual Collection Costs in connection with its covenants and agreements under this Section or otherwise other than funds for such purpose on deposit in the PID Reimbursement Fund.
The fees and expenses incurred by the Administrator for its services rendered in accordance with this Disclosure Agreement constitute Annual Collection Costs and will be included in the Annual Installments as provided in the annual updates to the Service and Assessment Plan.
The fees and expenses incurred by the Dissemination Agent for its services rendered in accordance with this Disclosure Agreement constitute Annual Collection Costs and will be included in the Annual Installments as provided in the annual updates to the Service and Assessment Plan.
The Issuer shall pay or reimburse the Dissemination Agent, but only with funds to be provided from the Annual Collection Costs component of the Annual Installments collected from the property owners in Improvement Area #1 of the District, for the fees and expenses for its services rendered in accordance with this Disclosure Agreement.
More Definitions of Annual Collection Costs
Annual Collection Costs means the actual or budgeted costs and expenses related to the operation of the PID, including, but not limited to, costs and expenses for:
Annual Collection Costs are those as defined in the SAP.
Annual Collection Costs mean the actual or budgeted costs and expenses relating to collecting the Annual Installments, including, but not limited to, costs and expenses for: (1) the Administrator; (2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4) preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (5) issuing, paying, and redeeming the Bonds;
Annual Collection Costs means the actual or budgeted costs and expenses relating to collecting the Annual Installments, including, but not limited to, costs and expenses for: (1) the Administrator and City staff; (2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4) preparing and maintaining records with respect to Improvement Area #1 Assessment Rolls and Annual Service Plan Updates; (5) issuing, paying, and redeeming Bonds; (6) investing or depositing Assessments and Annual Installments;
Annual Collection Costs means the actual or budgeted costs and expenses related specifically to the Major Improvement Area, including costs and expenses related to the operation of the District, including, but not limited to, costs and expenses for: (1) the Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (4) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (5) preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (6) paying and redeeming Bonds;
Annual Collection Costs shall have the meaning assigned to such term in the Indenture. “Annual Installment(s)” shall have the meaning assigned to such term in the Indenture. “Assessment(s)” shall have the meaning assigned to such term in the Indenture.
Annual Collection Costs means the following actual or budgeted costs, as applicable, related to the annual collection costs of outstanding Assessments paid in installments, including the costs or anticipated costs of: (i) issuing, refunding or refinancing bonds, (ii) computing, levying, collecting and transmitting the Assessments (whether by the District, the Administrator or otherwise), (iii) remitting the Assessments to a Trustee, if any, (iv) the costs of the District, the Administrator and Trustee (including legal counsel) in the discharge of their duties, (v) complying with arbitrage rebate requirements, if any, (vi) complying with securities disclosure requirements, if any, and (vii) the District in any way related to the collection of the Assessments in installments, including, without limitation, the costs of foreclosure proceedings, the administration of the PID, maintaining the record of installments, payments and reallocations and/or cancellations of Assessments, and the repayment of the Bonds, including, without limitation, any associated legal expenses, the reasonable costs of other consultants and advisors and contingencies and reserves for such costs as deemed appropriate by the Board of Directors of the District. Annual Collection Costs collected and not expended for actual Annual Collection Costs shall be carried forward and applied to reduce Annual Collection Costs in subsequent years to avoid the over-collection of Annual Collection Costs.