Dedicated TIF 1 Revenue definition

Dedicated TIF 1 Revenue means the Tax Increment revenue generated by the West Lafayette Levee/Village Redevelopment Area (“TIF 1”) to be made available to the Project in the cumulative amount of $60 million and at the rate set forth in a schedule shared by the City with the Joint Board. References to “Dedicated TIF 1 Revenue” in the context of a payment period are deemed to include the amount of Dedicated TIF 1 Revenue remaining in such period after giving effect to any reduction for amounts of principal and interest owed on bonds issued pursuant to the Special Pre-Development Financing.
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Dedicated TIF 1 Revenue means the Tax Increment revenue generated by the West Lafayette Levee/Village Redevelopment Area (“TIF 1”) to be made available to the Project in the cumulative amount of $60 million and at the rate set forth in a the TIF 1 Commitment Sschedule shared by the City with the Joint Board. References to
Sample 1Sample 2
Dedicated TIF 1 Revenue means the Tax Increment revenue generated by the West Lafayette Levee/Village Redevelopment Area (“TIF 1”) to be made available to the Project in the cumulative amount of $60 million and at the rate set forth in a the TIF 1 Commitment Sschedule shared by the City with the Joint Board. References to “Dedicated TIF 1 Revenue” in the context of a payment period are deemed to include the amount of Dedicated TIF 1 Revenue remaining in such period after giving effect to any reduction for amounts of principal and interest owed on bonds issued pursuant to the Special Pre- Development Financing.
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Examples of Dedicated TIF 1 Revenue in a sentence

  • Toward this end, the City, through the RDC, hereby commits the Dedicated TIF 1 Revenue and the Dedicated TIF 2 Revenue to provide funding for the Project.

  • Upon obtaining such approvals, the Parties shall cooperate and take such other actions as are necessary or appropriate to increase the funding available for the Project, such as by increasing the overall amount of Dedicated TIF 1 Revenue pledged to the Project and/or by amending, subject to the mutual agreement of the Joint Board and PRF, the credit agreement for the TIF Support Facility to give effect to an increase in the aggregate principal amount thereof.

  • Upon obtaining such approvals, the Parties shall cooperate and take such other actions as are necessary or appropriate to increase the funding available for the Project, such as by increasing the overall amount of Dedicated TIF 1 Revenue pledged to the Project and/or by amending, subject to the mutual agreement of the Joint Board, the RDC and PRF, the credit agreement for the TIF Support Facility to give effect to an increase in the aggregate principal amount thereof.

  • The obligation to pay amounts due on such bonds shall be secured by a pledge of Dedicated TIF 1 Revenue in an amount necessary to cover the debt service and any required reserve therefor.

  • The Joint Board shall, in turn, use the Dedicated TIF 1 Revenue and Dedicated TIF 2 Revenue made available through the EDC Bond to make the scheduled availability payments and any other payments due the Developer under the PPA.

  • With respect to claims on Dedicated TIF 1 Revenue, and except as otherwise may be provided in the PPA, the Special Pre-Development Financing bond obligations will rank pari passu with the availability payments and other payment obligations due the Developer on the Project.

  • The Joint Board shall, in turn, use the Dedicated TIF 1 Revenue and Dedicated TIF 2 Revenue made available through the EDC Bond and the State Street Lease Structure to make the scheduled availability payments and any other payments due the Developer under the PPA.

Related to Dedicated TIF 1 Revenue

  • Project Revenue means all rents, fees, sales, and payments

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • System Revenues means all rates, rents, fees, charges,

  • Proved Developed Non-Producing Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.”

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Sublicense Revenue means [***].

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Disposable earnings means that part of the earnings of an

  • LTM Fee Revenue has the meaning set forth in Section 7.2.2(c).

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Sublicense Revenues means [***].

  • Proved Developed Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and one of the following: (a) “Developed Producing Reserves” or (b) “Developed Non-Producing Reserves.”

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Operating Revenues means, without duplication, all revenues and receipts of the Borrowers from operation of the Properties or otherwise arising in respect of the Properties which are properly allocable to the Properties for the applicable period in accordance with GAAP, including, without limitation, all hotel receipts, revenues and credit card receipts collected from guest rooms, restaurants and bars (including without limitation, service charges for employees and staff), mini-bars, meeting rooms, banquet rooms, apartments, parking and recreational facilities, health club membership fees, food and beverage wholesale and retail sales, service charges, convention services, special events, audio-visual services, boat cruises, travel agency fees, internet booking fees, telephone charges, laundry services, vending machines and otherwise, all rents, revenues and receipts now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the possession, use or occupancy of all or any portion of the Properties or personalty located thereon, or rendering of service by any of the Borrowers or any operator or manager of the hotel or commercial space (including, without limitation, from the rental of any office space, retail space, guest rooms or other space, halls, stores and deposits securing reservations of such space (only to the extent such deposits are not required to be returned or refunded to the depositor)), proceeds from rental or business interruption insurance relating to business interruption or loss of income for the period in question and any other items of revenue which would be included in operating revenues under the Uniform System; but excluding proceeds from the sale of FF&E, abatements, reductions or refunds of real estate or personal property taxes relating to the Properties, dividends on insurance policies relating to the Properties, condemnation proceeds arising from a temporary taking of all or a part of any Properties, security and other deposits until they are forfeited by the depositor, advance rentals until they are earned, proceeds from a sale, financing or other disposition of the Properties or any part thereof or interest therein and other non-recurring revenues as determined by Lender, insurance proceeds (other than proceeds from rental or business interruption insurance), other condemnation proceeds, capital contributions or loans to any of the Borrowers, disbursements to any of the Borrowers from the Reserves, sales, use and occupancy taxes collected from customers or patrons of the Properties to be remitted to the applicable taxing authorities, and gratuities or service charges collected on behalf of and remitted to employees or contractors of the Properties.

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.