Net Taxes definition

Net Taxes means Gross Taxes minus amounts set aside to pay Administrative Expenses. “Nominee” shall mean the nominee of the Depository, which may be the Depository, as

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Net Taxes means the amount of all Gross Taxes minus the Administrative Expense Requirement.

Net Taxes means Special Taxes less Administrative Expenses.

Examples of Net Taxes in a sentence

The Bonds shall be substantially in the form described in, shall be issued and secured under the provisions of, and shall be payable from the Net Taxes as provided in the Indenture, the Preliminary Official Statement (as hereinafter defined), and the ▇▇▇▇▇-▇▇▇▇ Community Facilities Act of 1982, as amended (Section 53311 et seq.
Transfer to the City an amount equal to five (5%) percent of the Net Taxes.
Transfer to the Southwest Licking Community Water and Sewer District an amount equal to twenty (20%) of the Net Taxes.
Transfer to the Township an amount equal to seventy (70%) percent of the Net Taxes.
In furtherance of the foregoing, the District shall not approve any reduction of the Assigned Special Taxes, as provided in the RMA which would prohibit the District from levying the Special Taxes in any Fiscal Year at a level that would generate Net Taxes at least equal to 110% of the annual debt service in that Fiscal Year for the Bonds and any Additional Bonds expected to be issued.

More Definitions of Net Taxes

Net Taxes means Gross Taxes minus the Administrative Expenses in an amount not to exceed the Administrative Expenses Cap.

Net Taxes means Gross Taxes minus amounts set aside to pay Administrative Expenses up to the Administrative Expenses Cap.

Net Taxes means Gross Taxes minus amounts set aside to pay Administrative Expenses. “Ordinance” means Ordinance No. 3481 adopted by the legislative body of the District on February 25, 2020, as amended from time to time.

Net Taxes means Gross Taxes minus amounts set aside to pay AdministratiVe Expenses.

Net Taxes means the taxes charged and payable for a tax year. In the case of a school district or a joint vocational school district, the net taxes of a prior year equal the taxes charged and payable for that year after the reductions required under section 319.301 of the Revised Code, including any adjustment required for the district under division (E) of that section and paragraph (E) or (F) of this rule. In the case of a tax levy for which an estimated tax reduction factor is used pursuant to division (H) of section 319.301 of the Revised Code and paragraph (A) of rule 5703-25-48 of the Administrative Code, the net taxes of a prior year excludes the amount of taxes attributable to any portion of the tax reduction factors used in that year to adjust for an overpayment or underpayment of taxes in the second preceding year caused by the use of such estimated factors.

Net Taxes means Gross Taxes minus the Administrative Expenses Cap.

Net Taxes shall consist of the taxes actually paid by such Seller in connection with the receipt of the Purchaser Shares hereunder, as adjusted for any tax benefits which are reasonably probable of being realized by such Seller as a result of such personal liability. Notwithstanding anything set forth herein to the contrary, the Founders' Escrow Shares shall be used solely to compensate the Indemnified Parties, or any of them, for any claims by such Indemnified Parties for any Blenda Losses suffered or incurred by them, and not for any ▇▇▇▇▇ Losses, and be deemed not to constitute a part of the Escrow Fund for any other purpose. Nothing herein shall limit the liability of the Company for any breach or inaccuracy of any representation, warranty or covenant contained in this Agreement if the Share Purchase does not close. Purchaser may not receive any compensation for any Loss unless and until one or more Officer's Certificates (as defined below) identifying Losses in excess of $750,000 in the aggregate (the "Basket Amount") has or have been delivered to the Escrow Agent as provided in Section 8.3(d) hereof, in which case Purchaser shall be entitled to recover all Losses so identified. Notwithstanding the foregoing, Purchaser shall be entitled to receive payments out of the Escrow Fund for, and the Basket Amount shall not apply as a threshold to any and all claims or payments made with respect to breaches of the representations and warranties of the Company and the Sellers contained in Sections 2.2, 2.21 and 3.2 or with respect to any Blenda Losses.