Tax Stabilization Subaccount definition

Tax Stabilization Subaccount means the subaccount authorized to be created by the TIFIA Refinancing Resolution in the Local Option Tax Accounts.
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Examples of Tax Stabilization Subaccount in a sentence

  • The Tax Stabilization Subaccount may be the same subaccount of that name established under Section 2(a) of the Prior Bond Resolution.

  • The Authority may create a Tax Stabilization Subaccount in the Local Option Tax Accounts and deposit Pledged Taxes collected in any Fiscal Year into that subaccount or withdraw Pledged Taxes deposited therein from such subaccount and use amounts in such subaccount for any lawful purposes in accordance with the flow of funds set forth in Section 6(b) of this Resolution, and subject to the requirements set forth in the Prior Bond Resolution and the Parity Master Bond Resolution.

  • For the purpose of calculating the Revenue Coverage Ratio only, deposits into and withdrawals from the Tax Stabilization Subaccount shall reduce or increase, respectively, the Pledged Taxes for the Base Period, Calculation Period, calendar year, Projected Period or Borrower Fiscal Year in which such deposits or withdrawals are made or projected to be made.

  • There may be added to Pledged Taxes collected in the Base Period amounts withdrawn from the Tax Stabilization Subaccount in the Base Period and deposited into the Local Option Tax Accounts and/or the Additional Taxes Accounts in accordance with Section 5(e).

  • Any withdrawals from such Tax Stabilization Subaccount shall be applied, together with other Pledged Taxes then available, in accordance with paragraphs “First” through “Twelfth” above.

  • There may be added to Pledged Taxes collected in the Base Period, amounts withdrawn from the Tax Stabilization Subaccount in the Base Period and deposited into the Local Option Tax Accounts and/or the Additional Taxes Accounts in accordance with Section 8(e).

  • The Authority may create a Tax Stabilization Subaccount in the Local Option Tax Accounts and deposit Pledged Taxes collected in any Fiscal Year into that subaccount or withdraw Pledged Taxes deposited therein from such subaccount and use amounts in such subaccount for any lawful purposes inaccordance with the flow of funds set forth in Section 6(b) of this Resolution, and subject to the requirements set forth in the Prior Bond Resolution and the Parity Master Bond Resolution.

Related to Tax Stabilization Subaccount

  • Subaccount means any subaccount designated and established hereunder.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Company Account means the bank or/and electronic Account of the Company, and the Company Account in the Processing Center.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Rebate Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.

  • Regular contributions means the amounts required to be

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Expense Account The account established and maintained pursuant to Section 3.25.