Pledged TIF Revenues definition

Pledged TIF Revenues means all of the Tax Increment received by the Redevelopment Commission and pledged to the Issuer pursuant to the Pledge Resolution

Pledged TIF Revenues means fifty percent (50%) of the TIF Revenues received by the Redevelopment Commission and deposited into the Allocation Fund in accordance with the terms of the Pledge Resolution.

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

Examples of Pledged TIF Revenues in a sentence

• Pledged TIF Revenues will be utilized first to make current payments of interest and principal on the Bonds and, second to remedy any prior shortfalls with respect to the Bonds.

• To the extent Pledged TIF Revenue is available in amounts in excess of those required to make the payments then due on the Bonds, such excess Pledged TIF Revenues shall be used to redeem the Bonds prior to their maturity.

• In the event Pledged TIF Revenues are, in any given period, insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF Revenues during the Bond Term.

• The City Bodies shall not pledge to the repayment of the Bonds any tax revenues or other funds of the City, except the Pledged TIF Revenues.

• If the ensuing collection of the Pledged TIF Revenues, Public Safety LIT Revenues, together with the Funds on Deposit are insufficient to pay any Fixed Annual Rentals and Additional Rentals when due, the Lessee shall immediately initiate proceedings to levy the Special Benefits Tax on all taxable property in the District in accordance with Indiana Code 36- 7-14-27 sufficient to pay any shortfall.

More Definitions of Pledged TIF Revenues

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.

Pledged TIF Revenues means 90% of the Development TIF Revenues for a period of twenty (20) years following the issuance of the Bonds.

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.

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.

Pledged TIF Revenues means seventy-five percent (75%) of the Tax Increment generated in the Area for twenty-five (25) years and received by the Redevelopment Commission and which is pledged to the Issuer for the payment of debt service on the Series 2024A Bonds pursuant to the Pledge Resolution.

Pledged TIF Revenues means property tax proceeds pledged to the Trustee by the Redevelopment Commission pursuant to the TIF Pledge Resolution.

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.