Special Levy definition

Special Levy means a levy imposed as a special levy by a financial sector body in terms of legislation that empowers the imposition of a levy;

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Special Levy means any Special Levy/Levies imposed by the Developer, during the Development Period, and thereafter by the Board or the Trustees, as the case may be, over and above the Levies as referred to in Clause 14 below, but also calculated and payable in terms of the provision of Clause 14 below;

Special Levy means a special levy issued by an internal drainage board under regulations under section 75 of the Local Government Finance Act 1988.

Examples of Special Levy in a sentence

• The Special Levy assessed on taxable parcels within the PID shall be sufficient to generate 110% of the maximum annual debt service requirements of all PID Bonds outstanding and proposed to be issued, plus annually budgeted administrative expenses of the PID.

• Unless otherwise authorized or limited by applicable law, the total overlapping tax and assessment burden, including the Special Levy, shall not exceed 1.95% of the average estimated value of each category of real property subject to the Special Levy assuming that a certificate of occupancy or completion has been issued.

• Revenues of the District Special Levy, including all investment income thereon, pledged to the payment of District Bonds and/or Subordinate Obligations shall be applied in compliance with the Indenture and, as authorized by the Indenture, may be utilized by the District for the payment of principal and interest on District Bonds and/or Subordinate Obligations and payment of the District’s administrative expenses.

• Additionally, the Indenture will secure and administer the issuance, registration, transfer, payment, disbursement and investment of proceeds of a series of District Bonds issued thereunder and the application of the District Special Levy for payment of Subordinate Obligations and other costs of the District, including, but not limited to administrative and formation costs.

• The PID shall issue longer term Special Levy Revenue Bonds at the request of TSVI, provided that the PID is advised by an independent financial advisor or underwriter engaged by the PID that such bonds can be marketed or privately placed in a reasonably efficient manner taking into account then-current market conditions, interest rates and other bond features for municipal securities of similar credit quality and aggregate principal amount.

More Definitions of Special Levy

Special Levy means any Special Levy/Levies imposed by the Developer, during the Development Period, and thereafter by the Board, over and above the Levies as referred to in Clause 10, but also calculated and payable in terms of the provision of Clause 10;

Special Levy means any special levies imposed by the Developer, during the Development Period, and thereafter by the Board, over and above the levies as referred to in Clause 12 below;

Special Levy means a special levy approved in accordance with the Act;

Special Levy means a payment which is made by a resident of a retirement village to the person who operates the scheme for the village or to the manager of the village and which is not—

Special Levy means any special levies imposed by the Developer, during the development period, and thereafter by the Board, over and above the levies as referred to in Clause 11 below;

Special Levy shall have the meaning assigned to such term in Exhibit E to this Agreement.

Special Levy means a levy payable by a Member under clause 6.3.