Net Revenues of the Tax definition

Net Revenues of the Tax means the avails or proceeds of the Tax available to the Issuer after provision has been made for the payment therefrom of all reasonable and necessary costs and expenses of collecting and administering the Tax.

Net Revenues of the Tax means the avails or proceeds of the Tax, subject only to the prior payment of the costs and expenses of the collection and administration of the Tax, which revenues are authorized to be funded into bonds under the Act and are pledged to the payment of the Bonds as herein provided.

Net Revenues of the Tax means collectively the avails or proceeds of the Tax, after there have first been paid from the gross avails or proceeds of the Tax the reasonable and necessary costs and expenses of collecting and administering the Tax.

Examples of Net Revenues of the Tax in a sentence

• In providing for the issuance of the Bonds, the Issuer does hereby covenant that it has a legal right to levy and collect the Tax, to issue the Bonds and to pledge the Net Revenues of the Tax as herein provided, and that the Bonds will have a lien and privilege on the Net Revenues of the Tax subject only to the prior payment of the reasonable and necessary costs and expenses of administering and collecting the Tax.

• All of the Bonds and the Outstanding Parity Bonds shall enjoy complete parity of lien on the Net Revenues of the Tax despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.

• In compliance with the Tax Ordinance, all of the Net Revenues of the Tax shall continue to be set aside in a separate fund, as provided in the Outstanding Parity Bond Ordinance and as herein provided and shall be and remain pledged for the security and payment of the Bonds and the Outstanding Parity Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid and discharged.

• All of the Bonds shall enjoy complete parity of lien on the Net Revenues of the Tax despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.

• The Bonds shall be secured by and payable, equally with the Outstanding Parity Bonds, in principal and interest solely from an irrevocable pledge and dedication of the Net Revenues of the Tax.

More Definitions of Net Revenues of the Tax

Net Revenues of the Tax means the avails or proceeds of the Issuer's 20% portion of the one percent (1%) sales and use tax authorized at the Election, after there have first been paid therefrom, the reasonable and necessary costs and expenses of collecting and administering the Tax, which may not have been previously withheld by the sales tax collector for the Issuer, which revenues are authorized to be funded into bonds under the Act and are pledged to the payment of the Bonds and the Outstanding Parity Bonds as herein provided.

Net Revenues of the Tax means the Issuer’s portion (50%) of the avails or proceeds of the special one percent (1%) sales and use tax now being levied and collected by the Parish pursuant to the Constitution and laws of the State of Louisiana, and in compliance with elections held in the Parish on October 5, 1954 and January 12, 1971, subject only to the payment of the reasonable and necessary expenses of collecting and administering the Tax.

Net Revenues of the Tax means 50.3034% of the avails or proceeds of the one percent (1%) sales and use tax being levied and collected by the Issuer (provisions of current State law limit the maximum amount of the Tax which may be collected within the boundaries of the City of St. Gabriel, State of Louisiana, to 2/3%), pursuant to an election held in the Issuer on September 30, 2006 (provided

Net Revenues of the Tax means proceeds of the Tax received by the Issuer, after payment of the costs and expenses of collection and administration of the Tax.

Net Revenues of the Tax means the Revenues of the Tax, after paying the reasonable and necessary expenses of collecting the Tax.

Net Revenues of the Tax means the avails or proceeds of the Tax, after paying costs of the collection and administration thereof.

Net Revenues of the Tax means the avails or proceeds of the Tax, after payment of the reasonable and necessary costs and expenses of collecting and administering the Tax.