Series A Taxes definition

Series A Taxes has the meaning set forth in the Trust Agreement.
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Series A Taxes means (i) the right to collect any uncollected tax-defaulted secured roll (exclusive of supplemental roll) property taxes and assessments due to the County and the other Revenue Districts for all fiscal years through the fiscal year ended June 30, 2020 and such other fiscal years, if any, as may be specified in a Supplemental Trust Agreement, (ii) all amounts received by the County upon the sale of property to recover such property taxes or assessments, and (iii) all amounts received by the County upon the redemption of properties for sale or previously sold to recover such property taxes or assessments, in each case to which the County is entitled, including as a consequence of electing to being governed by the Law, and in each case following the allocation by the County of the receipts of property taxes and assessments between the Revenue Districts and those public districts within the County which have not agreed that the Law shall apply to them; provided, however, that Series A Taxes shall not include (i) the right to collect delinquencies in property taxes due to an Independent District for all fiscal years prior to the fiscal year in which the respective Independent District agreed (pursuant to Section 4715 of the Law) that the Law shall apply to it, (ii) Delinquency Penalties,
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Examples of Series A Taxes in a sentence

  • All Series A Taxes shall be governed by the provisions of Section 3.02 of the Master Trust Agreement, and the security interest and pledge created pursuant to said Section 3.02 shall extend to the Series B Obligations.

  • This Note is issued under and pursuant to the Trust Agreement, payable from the general purpose revenues of the County and secured by a pledge of Series A Taxes, as described in the Trust Agreement.

  • The County has also pledged the Series A Taxes as defined in the Second Supplemental Trust Agreement between the County and U.S. Bank National Association, as Trustee, dated as of June 1, 2012 to the payment of these notes; however, all payments on these notes will be made by draws on the Letter of Credit.

Related to Series A Taxes

  • Transfer Taxes means any transfer, documentary, sales, use, stamp, registration and other similar Taxes and fees (including any penalties and interest) incurred in connection with the Transactions.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.