Revenues of the Tax definition

Revenues of the Tax means the avails or proceeds of the Tax.

Revenues of the Tax means the avails or proceeds of the Tax, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting and administering the Tax.

Revenues of the Tax means the avails or proceeds of the one-half of one percent (1/2%) sales and use tax authorized at the election held within the corporate boundaries of the Issuer on July 15, 2000, which revenues are authorized to be funded into bonds under the Act and are pledged to the payment of the Bonds as herein provided.

Examples of Revenues of the Tax in a sentence

• So long as any of the Bonds are outstanding and unpaid in principal or interest, the Issuer shall maintain and keep proper books of records and accounts separate and apart from all other records and accounts in which shall be made full and correct entries of all transactions relating to the collection and expenditure of the Revenues of the Tax, including specifically but without limitation, all reasonable and necessary costs and expenses of collection.

• In providing for the issuance of the Bonds, the Issuer does hereby covenant that it has a legal right to levy and collect the Tax, to issue the Bonds and to pledge the Net Revenues of the Tax as herein provided, and that the Bonds will have a lien and privilege on the Net Revenues of the Tax subject only to the prior payment of the reasonable and necessary costs and expenses of administering and collecting the Tax.

• All of the Bonds and the Outstanding Parity Bonds shall enjoy complete parity of lien on the Net Revenues of the Tax despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.

• In compliance with the Tax Ordinance, all of the Net Revenues of the Tax shall continue to be set aside in a separate fund, as provided in the Outstanding Parity Bond Ordinance and as herein provided and shall be and remain pledged for the security and payment of the Bonds and the Outstanding Parity Bonds in principal and interest and for all other payments provided for in this Bond Ordinance until the Bonds and the Outstanding Parity Bonds shall have been fully paid and discharged.

• All of the Bonds shall enjoy complete parity of lien on the Net Revenues of the Tax despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.

More Definitions of Revenues of the Tax

Revenues of the Tax means the avails or proceeds of the Tax, which revenues are authorized to be funded into bonds under the Act and are pledged to the payment of the Bonds and the Outstanding Parity Bonds as herein provided, subject to the prior payment of the reasonable and necessary expenses of collecting and administering the Tax.

Revenues of the Tax means the net avails or proceeds of the Tax, after the reasonable and necessary expenses of collection and administration thereof have been paid therefrom.

Revenues of the Tax means the income and revenues derived by the Issuer from theTax.

Revenues of the Tax means the revenues from the Issuer's nine percent (9%) portion of the Tax.

Revenues of the Tax means the avails or proceeds of the Issuer’s one-fourth of one percent (1/4%) sales and use tax authorized at the election held within the corporate boundaries of the Issuer on October 17, 1981, the proceeds of which are pledged to the payment of the Bonds as hereinafter provided, subject to the prior payment of the reasonable and necessary expenses of collecting and administering the Tax.

Revenues of the Tax or "Tax" means the avails or proceeds of the one percent (1%) sales and use tax authorized at a special election held within the corporate boundaries of the Issuer on September 18, 1965 and levied by the Sales Tax Ordinance, which is pledged to the payment of the Bonds as herein provided.

Revenues of the Tax means the Issuer's portion (currently 50.3034%) of the net avails or proceeds of the special one percent (1%) sales and use tax being levied and collected by the Issuer pursuant to the Election and the Sales Tax Ordinance, after all reasonable and necessary costs and expenses of collecting and administering the Tax have been paid.