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Tax Funds definition

Tax Funds has the meaning set forth in Section 6.1.1.
Tax Funds shall have the meaning set forth in Section 6.2.1.
Tax Funds shall have the meaning given to such term in SECTION 9.1.

Examples of Tax Funds in a sentence

  • If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds.

  • Any Tax Funds remaining after the Debt has been paid in full shall be returned to Borrower.

  • A surplus in a Utility or Enterprise Fund may be transferred to any other City fund, except the Emergency Fund and Road Use Tax Funds, by resolution of the Council.

  • Any Tax Funds remaining in the Tax Account after the Obligations have been paid in full shall be returned to Borrower.

  • If the amount of the Tax Funds shall exceed the amounts due for Property Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds.


More Definitions of Tax Funds

Tax Funds shall have the meaning set forth in the Mortgage Loan Agreement.
Tax Funds shall have the meaning set forth in Section 3.1.1.
Tax Funds has the meaning given such term in Section 7.3.1.
Tax Funds shall have the meaning set forth in the Cash Management Agreement.
Tax FundsThe Account in which the Tax Funds are held shall hereinafter be referred to as the “Tax Reserve Account”. If at any time, Administrative Agent reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes for the upcoming tax period, Administrative Agent shall notify Borrower of such determination and the monthly deposits for Property Taxes shall be increased by the amount that Administrative Agent reasonably estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that such Property Taxes are due, Borrower will deposit such amount within five (5) Business Days after its receipt of such notice.
Tax Funds has the meaning specified in Section 4(f)(i).
Tax Funds means tax revenue paid by residents of the city of Salisbury and the Salisbury fire district to federal, state, county and municipal governments.