Special Assessment Requirement definition

Special Assessment Requirement means that amount determined by the CDD’s Board of Supervisors that is required in any Fiscal Year to pay regularly scheduled debt service for the calendar year, which commences in such Fiscal Year, on the outstanding District Debt, less available funds pursuant to the indenture.
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Special Assessment Requirement means that amount determined by the District’s Board of Supervisors that is required in any Fiscal Year to pay regularly scheduled Debt Service for the calendar year, which commences in such Fiscal Year, on the outstanding District Debt.
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Special Assessment Requirement means that amount required in any Fiscal Year for the CDD to: (a) (i) pay the Operation and Maintenance Requirement; (ii) pay Administrative Expenses; (iii) pay any amounts required to establish or replenish the Reserve Fund to the Reserve Fund Requirement; less (b) a credit for funds available to reduce the annual Special Assessment levy, including the excess, if any, in the Reserve Fund above the Reserve Fund Requirement.
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Examples of Special Assessment Requirement in a sentence

  • The estimated maximum annual debt service (MADS), or Special Assessment Requirement, to fund all of the Project costs is presented in the following table.Table 5 - Estimated Special Assessment Requirement (MADS) Special Assessment RequirementMaximum $ Amount (excl.

  • Any other revenues available to apply to the Special Assessment Requirement.

  • The estimated Special Assessment Requirement for Fiscal Year 2023 is presented in the Table below.

  • The estimated Special Assessment Requirement with respect to the Series 2022 Bonds is presented in the Table below.

  • The estimated maximum annual debt service (MADS), or Special Assessment Requirement, to fund all of the Expansion Area Project costs is presented in the following table.Table 5 - Estimated Special Assessment Requirement (MADS) Special Assessment RequirementMaximum $ Amount (excl.

  • The estimated Special Assessment Requirement for Fiscal Year 2018 is presented in the Table below.


More Definitions of Special Assessment Requirement

Special Assessment Requirement means the amount of Special Assessments that must be levied and collected for a given year to pay debt service on the Bonds.
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Related to Special Assessment Requirement

  • Special Assessment means an assessment against real property calculated on a benefit or ad valorem basis for curb and gutter, sidewalk, sewer, water, or street paving; a drain; a connection fee or similar charge for a sewer or water system; or the land contract on a parcel of property acquired under the circumstances set forth in section 3(2). Special assessment does not include charges for current service.

  • Initial assessment means an assessment conducted prior to or at admission to determine whether the individual meets the service's admission criteria; what the individual's immediate service, health, and safety needs are; and whether the provider has the capability and staffing to provide the needed services.

  • Periodic Payment Requirement for any Calculation Period means the total dollar amount of Securitization Charge Collections reasonably calculated by the Servicer in accordance with Section 4.01 of the Servicing Agreement as necessary to be received during such Calculation Period (after giving effect to the allocation and distribution of amounts on deposit in the Excess Funds Subaccount at the time of calculation and that are projected to be available for payments on the Securitization Bonds at the end of such Calculation Period and including any shortfalls in Periodic Payment Requirements for any prior Calculation Period) in order to ensure that, as of the last Payment Date occurring in such Calculation Period, (a) all accrued and unpaid interest on the Securitization Bonds then due shall have been paid in full on a timely basis, (b) the Outstanding Amount of the Securitization Bonds is equal to the Projected Unpaid Balance on each Payment Date during such Calculation Period, (c) the balance on deposit in the Capital Subaccount equals the Required Capital Level and (d) all other fees and expenses due and owing and required or allowed to be paid under Section 8.02 of the Indenture as of such date shall have been paid in full; provided, that, with respect to any Annual True-Up Adjustment or Interim True-Up Adjustment occurring after the date that is one year prior to the last Scheduled Final Payment Date for the Securitization Bonds, the Periodic Payment Requirements shall be calculated to ensure that sufficient Securitization Charges will be collected to retire the Securitization Bonds in full as of the next Payment Date.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • performance requirement means a requirement that:

  • End Client Requirements means the specific requirements of the End Client, as notified to the Supplier in writing;

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data;