PIF Collection Agent definition

PIF Collection Agent means an entity retained by Developer, as declarant under the PIF Covenants, for the purpose of collecting, accounting for, and disbursing the PIF Revenue in accordance with the PIF Covenants.
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PIF Collection Agent means, initially CliftonLarsonAllen LLP, as PIF Collection Agent under the PIF Collection Agreement, and any successor thereto.
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PIF Collection Agent means CliftonLarsonAllen LLP, or any successor thereto engaged by the District for the purpose of collecting the PIF Revenue.
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Examples of PIF Collection Agent in a sentence

  • The Developer shall engage a PIF Collection Agent to collect, disburse and account for the Credit PIF Revenues pursuant to the PIF Collection Agreement.

  • The City shall also have the right to review the fees and expenses charged by the Add-On PIF Collection Agent to verify that such fees and expenses are reasonable.

  • The Trustee shall apply Subordinate Pledged Revenues received from the District, and Subordinate Pledged Revenues received from any other entity, including without limitation, the Authority and the PIF Collection Agent, in the order of priority set forth below upon such receipt.

  • Except as hereinafter provided, the Sales Tax Credit shall terminate upon the earlier of (a) payment in full or defeasance of all outstanding District Bonds, (b) the aggregate Sales Tax Credit granted by the Town to offset the Credit PIF Revenue imposed and collected by the Credit PIF Collection Agent equals the Town Contribution Cap, or (c) December 31, 2042.

  • The Developer shall terminate the Credit PIF upon the earlier to occur of (a) payment in full or defeasance of all outstanding District Bonds, (b) the aggregate Credit PIF Revenue received by the PIF Collection Agent and offset by the Sales Tax Credit equals the Town Contribution Cap, or (c) December 31, 2042.

  • The PICs have pledged the Credit PIF Revenues to TCMD and the Credit PIF Collection Agent collects the Credit PIF Revenues on TCMD’s behalf pursuant to the Credit PIF Collection Services Agreement.

  • The District or Developer shall engage a PIF Collection Agent to collect, disburse, and account for the Credit PIF Revenue, Accommodations PIF Revenue, and the Add-On PIF Revenue pursuant to the PIF Collection Agreement.

  • The tax credit shall be automatic and shall take effect immediately upon the occurrence of a Taxable Transaction, but shall be subject to the applicable retailer’s remittance to and receipt by the PIF Collection Agent of the Credit PIF revenues in accordance with the Credit PIF Covenant and the Public Finance Agreement (as reflected on the retailer’s periodic sales tax report).

  • Such tax credit shall be granted in the form of a reduction in the applicable sales tax rate in an amount equal to one and ten one-hundredths percent (1.10%), and shall attach to a particular transaction only to the extent that the Credit PIF revenues are collected and received by the PIF Collection Agent for such transaction.

  • The Developer shall have also entered into the Add-On PIF Collection Services Agreement requiring the Add-On PIF Collection Agent to remit the Add- On PIF Revenues either to the Bond Trustee or to such other entity as agreed to in writing by the City and the Developer, after payment of reasonable fees and expenses to the Add-On PIF Collection Agent.

Related to PIF Collection Agent

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.