Net Tax Increment definition

Net Tax Increment has the meaning set forth in Section 7.4(b).
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Net Tax Increment means the amount of (a) ad valorem property tax revenues allocated and paid to the Agency or its precedessor prior to February 1, 2012 pursuant to Article XVI, Section 16 of the California Constitution and Health and Safety Code §§ 33670 et seq., or other applicable laws, attributable to the base one percent (1%) tax rate levied upon property located within the Project Area, after reduction for amounts the Agency is required to:
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Net Tax Increment means the Tax Increment available to the Aggie Square EIFD after payment or deduction of the County of Sacramento’s administrative costs and the EIFD Administration Costs.
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Examples of Net Tax Increment in a sentence

  • Furthermore, 49ers Stadium Company acknowledges that the ability of the Agency to repay the 49ers Agency Advance is limited to actual receipt of Net Tax Increment and will depend on a number of factors beyond the control of the Agency, including future growth in tax increment in the Redevelopment Project Area and future changes in law affecting the Agency’s receipt or use of tax increment revenue.

  • The 49ers Agency Advance, including annual compound interest at an annual fixed rate equal to the lower of the rate on 30-year BB-rated corporate bonds (as determined by an appropriate index to be determined) or eight and one-half percent (8½%), calculated as of the date of the first funding by 49ers Stadium Company of the 49ers Agency Advance, will be repayable only from the Net Tax Increment remaining after payment of debt service on the Tax Allocation Bonds.

  • Purchaser shall not in any way cause and, where possible, shall not in any way permit any interference with the System’s Insolation.

  • Any Net Tax Increment Revenues shall be promptly disbursed to the DDA each fiscal year after its contractual debt service obligations have been satisfied.

  • If a final, non-appealable order upholding the Successor Agency’s right to receive the Disputed PERS Levy is entered, the Successor Agency shall (i) cease deducting the Disputed PERS Levy in the fiscal year in which such order is entered and for each fiscal year thereafter and (ii) not include any one-time receipt of Disputed PERS Levy amounts that have been escrowed pending such final, non-appealable order in determining Adjusted Net Tax Increment.

  • The DDA’s contractual obligation to contribute Net Tax Increment Revenues to the City to fund the Parking Project DDA Deficiency Payments shall not constitute a third party guaranty of the Revenue Bonds.

  • The pledge and allocation of Net Tax Increment is for the exclusive benefit of the Participant, and permitted assignees of the Participant’s rights under this Agreement, and shall be irrevocable until all of the Principal Amount (and any interest accrued thereon) has been paid in full.

  • Pledge of all available Net Tax Increment from Project Area (BVHP Zone 1 and HPS) obligates the Successor Agency to use tax increment, and to issue bonds backed by tax increment (the proceeds of which are used), to repay master developer for infrastructure.

  • Such pledge and allocation shall be a first priority pledge and allocation of that Net Tax Increment until such time as the Agency has paid Participant all the amounts owed pursuant to Section 2 hereof.


More Definitions of Net Tax Increment

Net Tax Increment means the annual collections of the Tax Increment attributable to the Project, less any amounts reasonably required or anticipated to be required for the administration and operation of the Zone, including a reasonable operating reserve. Parties or Party shall mean the Authority, the Zone, the City, and the Developer as parties to this Agreement.
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Net Tax Increment means the Tax Increment less amounts reasonably required or anticipated to be required for the administration and operation of the Zone, including a reasonable operating reserve.
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Net Tax Increment means the “Net Tax Increment” as defined in the Pledge Agreement, which consists of a portion of the property tax increment revenues attributable to the Former State Owned Parcels.
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Related to Net Tax Increment

  • Tax Increment means the difference between:

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Fixed Incremental Amount means (a) the greater of $415,000,000 and 100.0% of Consolidated Adjusted EBITDA for the most recently ended Test Period minus (b) the aggregate outstanding principal amount of all Incremental Facilities and Incremental Equivalent Debt incurred or issued in reliance on the Fixed Incremental Amount.