Issuer Sales Tax Revenues definition

Issuer Sales Tax Revenues means gross receipts of the Issuer received through the last day of October 2032 under K.S.A. 12-187 et seq., as amended, from (a) the city retail sales tax; (b) the Issuer’s share of the countywide retail sales tax; and (c) any successor taxes to the taxes described in clauses (a) and (b), in each case with respect to retail sales within the Redevelopment Project Area and in each case excluding sales taxes committed to special purposes and therefore not available under the STAR Bond Act.
Sample 1
Issuer Sales Tax Revenues mean, provided Phase 2 of the Project is under construction and provided further that there are no Outstanding Series 2022A Bonds or additional bonds authorized and issued under the Series 2022A Indenture or any supplemental indenture, the gross receipts of the Issuer received through the last day of August, 2042, under K.S.A. 12-187 et seq., as amended, from (a) the city retail sales tax (currently 1.0%); (b) the Issuer’s share of the countywide retail sales tax (currently .09375%); and (c) any successor taxes to the taxes described in clauses (a) and (b), in each case with respect to retail sales within the STAR Bond Project Area and in each case excluding sales taxes committed to special purposes and therefore not available under the STAR Bond Act. The Issuer Sales Tax Revenues shall be based on tax revenues received by the Issuer from sales within the STAR Bond Project Area, after taking into account applicable destination-based sourcing rules of the State. For clarification, Issuer Sales Tax Revenues will not be pledged to the Trust Estate hereunder until all 2022A Bonds or additional bonds authorized and issued under the Series 2022A Indenture or any supplemental indenture have been fully paid and the Series 2022A Indenture and any supplemental indenture authorizing any additional bonds have been discharged in accordance with the applicable indenture.
Sample 1
Issuer Sales Tax Revenues mean gross receipts of the Issuer received through the last day of August, 2042, under K.S.A. 12-187 et seq., as amended, from (a) the city retail sales and compensating use taxes (currently 1.00%); (b) the Issuer’s share of the countywide retail sales and compensating use taxes (currently .09375%); and (c) any successor taxes to the taxes described in clauses (a) and (b), in each case with respect to retail sales within the STAR Bond Project Area and in each case excluding sales taxes committed to special purposes and therefore not available under the STAR Bond Act. The Issuer Sales Tax Revenues shall be based on tax revenues received by the Issuer from sales within the STAR Bond Project Area, after taking into account applicable destination-based sourcing rules of the State.
Sample 1

Examples of Issuer Sales Tax Revenues in a sentence

  • The Issuer hereby directs, and the State Treasurer hereby covenants and agrees, that all Issuer Sales Tax Revenues collected by the Department and credited to the appropriate funds established by the State Treasurer pursuant to Section 2.01 shall be remitted by the State Treasurer to the Escrow Agent for deposit in the Escrow Fund monthly by not later than the last Business Day of each calendar month directly to the Escrow Agent for deposit in the Escrow Fund.

  • The Department, pursuant to K.S.A. 12-187 et seq., as amended, is required to administer, enforce and collect all Issuer Sales Tax Revenues from taxpayers doing business within the Redevelopment Project Area portion of the Redevelopment District and to cause such Issuer Sales Tax Revenues to be credited to the appropriate funds established with the State Treasurer in accordance with K.S.A. 12-189, as amended.

  • Pursuant to K.S.A. 12-189, each retailer that does business within the Redevelopment Project Area is required to submit to the Department, at the times specified in such statute, (i) Issuer Sales Tax Revenues collected by such taxpayer and (ii) returns detailing the collection of such Issuer Sales Tax Revenues.

  • The State Treasurer shall request that the Department determine and advise the State Treasurer and the Escrow Agent in writing not later than the last Business Day of each calendar month of the total amount of Issuer Sales Tax Revenues collected by the Department during the immediately preceding calendar month.

  • In addition, the Escrow Fund has been established in the custody of the Trustee pursuant to the Tax Distribution Agreement, for the receipt and distribution of Issuer Sales Tax Revenues and State Sales Tax Revenues.

  • The glass of the windows is broken but the iron bars were still attached although corroded.The east wall has two gaps with different dimensions.

  • For each month other than May and November, the Escrow Agent shall provide a monthly report to the Issuer not later than the last day of each month stating the amount of the Issuer Sales Tax Revenues remitted to the Escrow Agent by the State Treasurer during the immediately preceding month and deposited to the Escrow Fund pursuant to Section 3.02 and regarding the State Sales Tax Revenues on deposit in the City Bond Finance Fund pursuant to Section 2.03.

  • The Department, pursuant to K.S.A. 12-187 et seq., as amended, is required to administer, enforce and collect all Issuer Sales Tax Revenues from taxpayers doing business within the STAR Project Area and to cause such Issuer Sales Tax Revenues to be credited to the appropriate funds established with the State Treasurer in accordance with K.S.A. 12-189, as amended.

  • Upon receipt of this information by the State Treasurer, the State Treasurer shall remit the Issuer Sales Tax Revenues with respect to the immediately preceding calendar month to the Escrow Agent pursuant to Section 3.02 hereof.

  • The State Treasurer shall request that the Department advise the State Treasurer and the Trustee in writing not later than the last Business Day of each calendar month of the total amount of Issuer Sales Tax Revenues collected by the Department during the preceding calendar month.


More Definitions of Issuer Sales Tax Revenues

Issuer Sales Tax Revenues means gross receipts of the Issuer under K.S.A. 12-187 et
Sample 1
Issuer Sales Tax Revenues means gross receipts of the Issuer received through the last day of August, 2042, under K.S.A. 12-187 et seq., as amended, from (i) the city retail sales tax (currently 1.0%) and (ii) the Issuer’s share of the countywide retail sales tax (currently .09375%), in each case with respect to retail sales within the STAR Bond Project Area and in each case excluding sales taxes committed to special purposes and therefore not available under the STAR Bond Act. See the discussion below under the caption “Tax Rates” for a description of current tax rates and of assumed tax rates used in the Retail Sales Tax Report.
Sample 1

Related to Issuer Sales Tax Revenues

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • 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.

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • 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.

  • 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.

  • 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.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • M&O Revenue means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • 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.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Net Revenues means revenues less related expenses, including

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Net Sales Proceeds means, in the case of a transaction described in clause (i)(A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(B) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (i)(C) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company or the Operating Partnership from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (i)(D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage on or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(E) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (ii) of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one (1) or more Assets within one hundred eighty (180) days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company or the Operating Partnership in connection with such transaction or series of transactions. Net Sales Proceeds shall also include Refinancing Proceeds and any other amounts that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale. Net Sales Proceeds shall not include any reserves established by the Company, which shall be determined by the Board in its sole discretion.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of the Borrower, the Borrower’s net income after provision for income taxes for such fiscal period, as determined in accordance with GAAP and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain arising from any write-up in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by the Borrower in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person in which the Borrower has an ownership interest unless (and only to the extent) such earnings shall actually have been received by the Borrower in the form of cash distributions; (e) earnings of any Person to which assets of the Borrower shall have been sold, transferred or disposed of, or into which the Borrower shall have been merged, or which has been a party with the Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain arising from the acquisition of debt or equity securities of the Borrower or from cancellation or forgiveness of Debt; (g) gains or non-cash losses arising from Hedge Agreements entered into by Borrower, and (h) gain arising from extraordinary items, as determined in accordance with GAAP, or from any other non-recurring transaction.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Net Cash Flow means, with respect to the Property for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

  • Consolidated Revenues means, for any period, the consolidated net revenue of the Company and the Restricted Entities for such period determined in accordance with GAAP.