District Revenues Account definition

District Revenues Account means an account of the Special Allocation Fund into which District Revenues are deposited from time to time.
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District Revenues Account means the account within the Special Allocation Fund into which District Revenues are deposited from time to time pursuant to the Redevelopment Agreement and the District Project Agreement.
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District Revenues Account means the account described in the District Project Agreement and Section 5.1(b) hereof, held by the City, into which District Revenues will be deposited.
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Examples of District Revenues Account in a sentence

  • The monies on deposit in any District Revenues Account shall be pledged to the payment of the principal of and interest on any outstanding TIF Obligations, subject to applicable law.

  • Following receipt of such certification, money in the District Revenues Account may be applied as provided in paragraphs (c)(5) – (7), subject to the limitations in (2) below.

  • Notwithstanding the foregoing, the Districtmay, in its sole discretion, instruct the Trustee in writing to apply funds in the District Revenues Account of the Revenue Fund that would otherwise be paid to the redemption of the Notes on the next succeeding Interest Payment Date pursuant to Section 302(b).

  • Following receipt of such certification, money in the District Revenues Account may be applied as provided in paragraphs (b)(6) – (9), subject to the limitations in (2) below.

  • The Developer shall cause the District, subject to annual appropriation by its board of directors and in accordance with the District Project Agreement, to transfer all District Revenues to the City or to a Trustee for any TIF Obligations for deposit in the District Revenues Account of the Special Allocation Fund or with the Trustee.

  • Revenue Fund, which shall contain a PILOTS Account, an EATS Account, and a District Revenues Account.

  • Notwithstanding the foregoing, no funds in the District Revenues Account shall be applied to the payment of interest on and principal of the Bonds if such application will result in CID Portion of District Sales Tax Revenues funding more than CID Funding Percentage of the Debt Service Requirements and the transfers and payments described under Second, Third, Fifth and Eighth pursuant to Section 402(c).

  • Revenue Fund, which shall contain a PILOTS Account, an EATS Account and a District Revenues Account.

  • If no Priority Bonds are Outstanding and, because of this limitation, the Trustee cannot apply all of the CID Portion of District Sales Tax Revenues as provided in (c) above, then the Trustee shall transfer any excess revenues in the District Revenues Account to the District for use in accordance with the CID Act.

  • As provided in Section 5.2 of the Redevelopment Agreement, monies from the District Revenues Account will be used to pay a District Annual Operating Fund Deposit to the District.


More Definitions of District Revenues Account

District Revenues Account means the account of Revenue Fund into which the Net Revenues are deposited from time to time in accordance with this Agreement.
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Related to District Revenues Account

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Holding Account means an account:

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.