Pledged Taxes definition

Pledged Taxes means (a) the rental car sales and use tax levied by the Borrower as of the Effective Date at the rate of 0.8%, as authorized by RCW 81.104.160, (b) the sales and use tax authorized by RCW 81.104.170, initially approved at an election held on November 5, 1996 and levied by the Borrower as of the Effective Date at the rate of 0.4%, together with the additional sales and use tax approved at an election held on November 4, 2008 and levied by the Borrower as of the Effective Date at the rate of 0.5%, together with the additional sales and use tax approved at an election held on November 8, 2016 and levied by the Borrower as of the Effective Date at the rate of 0.5%, (c) the 1996 Motor Vehicle Tax, together with the additional motor vehicle excise tax approved at an election held on November 8, 2016 and levied by the Borrower as of the Effective Date at the rate of 0.8% and (d) Additional Taxes if pledged to the payment of the Parity Bonds and Junior Obligations and as such taxes may be levied from time to time by the Borrower.

Pledged Taxes means (a) the rental car sales and use tax levied by the Authority as of the date of this Resolution at the rate of 0.8%, as authorized by RCW 81.104.160(2), (b) the sales and use tax authorized by RCW 81.104.170, initially approved at an election held on November 5, 1996, and levied by the Authority as of the date of this Resolution at the rate of 0.4%, together with the additional sales and use tax approved at an election held on November 4, 2008, and levied by the Authority as of the date of this Resolution at the rate of 0.5%, together with the additional sales and use tax approved at an election held on November 8, 2016, and levied by the Authority as of the date of this Resolution at the rate of 0.5%, (c) the 1996 Motor Vehicle Tax, together with the additional motor vehicle excise tax approved at an election held on November 8, 2016, and levied by the Authority as of the date of this Resolution at the rate of 0.8%, and(d) Additional Taxes if pledged to the payment of the Parity Bonds and Junior Obligations, in each case as such taxes may be levied from time to time by the Authority.

Pledged Taxes means the taxes authorized to be levied in Section 11 to secure and pay the Bonds.

Examples of Pledged Taxes in a sentence

• Except as expressly permitted under this Section 15(l), the Borrower shall not take any action that limits, terminates, reduces or otherwise impairs its authority to impose and collect all Pledged Taxes.

• The Borrower shall take all reasonable actions necessary to impose and provide for the continued collection of the Pledged Taxes and the application of those taxes for payment of the TIFIA Bond in accordance with this Agreement.

• Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien (i) on the Pledged Taxes or the Borrower’s or the TIFIA Lender’s rights in respect thereof or (ii) on the TIFIA Debt Service Account, the TIFIA Reserve Account, the Revenue Sharing Account or any Construction Account.

• The Borrower shall not, at any time, make any payments from the Pledged Taxes to any party other than in accordance with the priority, and for the specific purposes, in each case, as set forth in Section 8(d) (Security and Priority; Flow of Funds).

• Except for Permitted Liens, the Borrower has not created, and is not under any obligation to create, and has not entered into any transaction or agreement that would result in the imposition of, any Lien upon the Pledged Taxes, the Project or the properties or assets in relation to the Project.

More Definitions of Pledged Taxes

Pledged Taxes means the taxes levied on the taxable property within the Village to pay principal of and interest on the Bonds as made in Section 10 hereof.

Pledged Taxes means the ad valorem taxes levied or to be levied by the County against all of the taxable property within the County without limitation as to rate or amount, for the punctual payment of the principal of and interest on the Series 2014D Bonds and Series 2018 Bonds.

Pledged Taxes means the ad valorem property taxes levied without limit as to rate or amount to pay when due the debt service on the Bonds.

Pledged Taxes means, for any Bond Year to and including the Bond Year commencing on January 1, 2025, the Sales Taxes net of the Municipal Portion.

Pledged Taxes means the meaning given that term in Section 15. “Project” has the meaning given that term in Section 1(b).

Pledged Taxes means the ad valorem property taxes levied upon all of the taxable property in the County without limitation as to rate or amount and pledged by the County as security for the Bonds.

Pledged Taxes means the Taxes authorized to be levied in Section 10, and specified in an applicable Bond Order, to secure and pay the Bonds.