Tax Sale Proceeds definition

Tax Sale Proceeds means the proceeds due and owing Capital Provider resulting from the disposition of the Property by the County Treasurer in a sale for delinquent ad valorem property taxes or other special assessments.
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Tax Sale Proceeds means the proceeds due and owing Capital Provider resulting from the disposition of the Property by the County Treasurer in a sale for delinquent ad valorem property taxes or other special assessments. 2. Levy of C-PACE Assessment. As of , 20 ,December 31, 2023, and each year thereafter for the term identified herein, the Annual Assessment, which runs with the property with respect to the Property, shall be invoiced to the Property Owner by the Capital Provider or its designated agent. Property Owner agrees to repay all Financing Agreement obligations through the Annual Assessment which is due and payable [in semi-annual installments] on the same date[s]dates as the Property’s tax bill. The amount and repayment of the C-PACE Assessment, as determined by the Capital Provider, are as follows: an installment payment plan is in effect for the payment of the C-PACE Assessment, and is based on the initial principal amount of the C-PACE Assessment of $ ,$1,284,000.00, with interest thereon at a fixed rate equal to%5.5% per annum, calculated on the basis the actual number of days elapsed over a [360]-- day period, plus any capitalized interest or any additional fees and expenses agreed upon in the Financing Agreement, with installments of principal and interest due and payable pursuant to the payment schedule of Annual Assessments (the “Payment Schedule”) attached hereto as ExhibitC. As evidenced in Exhibit C, the term of the C-PACE Assessment will be 25 years. TheFinancing shall be repaid in full no later than , 20 March 31, 2048 (the “Maturity Date”). Upon the Maturity Date or receipt by the Capital Provider of the full Financing Amount, and upon written confirmation from the Capital Provider that the C-PACE Assessment has been repaid in full, the County will release the C-PACE Assessment by recording a release of C-PACE Assessment lien with the [COUNTY]Tulsa County Clerk’s Office. 3. Payments. The Financing Amount shall be payable in Annual Assessments, as more particularly set forth in Section 5 and Exhibit C to this Contract, ending upon payment in full of the Financing Amount and all other charges, fees, expenses and other amounts due under this Contract and the Financing Agreement. The amounts of the Annual Assessments are based on the Financing Amount as of the Effective Date, but may also include delinquent interest and expenses as further described in Section 8 of this Contract. 4. Consent to C-PACE Assessments.
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Tax Sale Proceeds means the proceeds due and owing Capital Provider resulting from the disposition of the property at a tax sale auction to enforce the assessment lien.
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Examples of Tax Sale Proceeds in a sentence

  • By referring your district’s direct levy to the County you agree that your district participates in the Teeter Plan – Alternative Method of Distribution of Tax Levies and Collection of Tax Sale Proceeds.

  • RECORDING 51 8500-8501 Distribution of Tax Sale Proceeds 51 8500.

  • DISTRIBUTION OF EXCESS PROCEEDS NOT CLAIMED BY LIENHOLDER(S) 54 8520-8523 Distribution of Tax Sale Proceeds: Teeter Plan 54 8520.

  • DEFINITION OF TAXES AND ASSESSMENT FOR PURPOSE OF DISTRIBUTION 52 8510-8516 Distribution of Tax Sale Proceeds: Excess Proceeds 52 8510.

  • The Committee will give its Report/Recommendations in the prescribed form (Annexure-II).

  • RECORDING 50 8500-8501 Distribution of Tax Sale Proceeds 50 8500.

  • In January 2012 the population of the County was 260,029 and in January 2013 the population of the County was 262,478.The Board of Supervisors of the County adopted the Alternative Method of Distribution of Tax Levies and Collections and of Tax Sale Proceeds (the "Teeter Plan").

  • The County operates under a statutory program entitled Alternate Method of Distribution of Tax Levies and Collections and of Tax Sale Proceeds (The “Teeter Plan”).

  • Alternative Method of Tax Apportionment – “Teeter Plan” Certain counties in the State operate under a statutory program entitled the Alternative Method of Distribution of Tax Levies and Collections and of Tax Sale Proceeds (the “Teeter Plan”), as provided for in Section 4701 et seq.

  • She said Coahoma Electric is not prepared to participate at this time.• Tax Sale Proceeds to Landowner – Sen.

Related to Tax Sale Proceeds

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.

  • Gross Proceeds means a share of the gross production of oil, gas, condensate, and natural gas liquids free of any and all cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, marketing, or pipeline construction and maintenance.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.