Pledged TIF Revenues definition

Pledged TIF Revenues means the Tax Increment received by the Redevelopment Commission and pledged to the Issuer pursuant to the Pledge Resolution.
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Pledged TIF Revenues means ninety-five percent (95%) of the Tax Increment received by the Redevelopment Commission and pledged to the Issuer pursuant to the Pledge Resolution.
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Pledged TIF Revenues means 35% of the gross incremental tax revenues, pledged to pay debt service on the Loan, as provided in Section 3.3 hereof and as authorized by the TIF Act and the Redevelopment Plan Exit #3 Redevelopment Project Area, City of Hardeeville, South Carolina, dated , 2023.
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Examples of Pledged TIF Revenues in a sentence

  • The Issuer covenants that, to the extent collected, it will pay the Pledged TIF Revenues to the Trustee as provided in Section 4.7 of the 2024C Indenture, provided that the Issuer shall have no other obligation with respect to the Series 2024C Bonds.

  • In accordance with the 2024C Indenture, the Bonds are payable solely and only from Pledged TIF Revenues as pledged to the Issuer by the Redevelopment Commission pursuant to the Pledge Resolution.

  • Any and all obligations of the Issuer under this 2024C Financing Agreement are special, limited obligations of the Issuer, payable solely out of the Pledged TIF Revenues and the other revenues and income derived under this 2024C Financing Agreement and as otherwise provided under this 2024C Financing Agreement and the 2024C Indenture.


More Definitions of Pledged TIF Revenues

Pledged TIF Revenues means 90% of the Development TIF Revenues for a period of twenty (20) years following the issuance of the Bonds.
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Pledged TIF Revenues means thirty-five percent (35%) of the gross TIF Revenues, such thirty-five percent (35%) of the gross TIF Revenues are pledged to secure the SIB Loan.
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Pledged TIF Revenues means the Sixty Five percent (65%) of total real property tax increment generated from the Real Estate in the Allocation Area and pledged to the payment of debt service on the Bonds.
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Pledged TIF Revenues means all tax increment from the Property, which shall be first pledged to the payment of the Economic Development Bonds, with any excess amounts to be applied to the Garage Bonds.
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Pledged TIF Revenues means property tax proceeds pledged to the Trustee by the Redevelopment Commission pursuant to the TIF Pledge Resolution.
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Pledged TIF Revenues means 90% of the applicable Multifamily TIF Revenues, Age Restricted TIF Revenues or Retail TIF Revenues less $5,000 each year for each series of Bonds for trustee and related miscellaneous fees, of each year for the term of the applicable series of Bonds.
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Related to Pledged TIF Revenues

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Pledged Property means all Pledged Notes, Pledged Interests, Pledged Shares, all assignments of any amounts due or to become due with respect to the Pledged Interests or the Pledged Shares, all other instruments which are now being delivered by any Grantor to the Administrative Agent or may from time to time hereafter be delivered by any Grantor to the Administrative Agent for the purpose of pledging under this Security Agreement or any other Credit Document, and all proceeds of any of the foregoing.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.