TIF Administrative Fee definition

TIF Administrative Fee means the annual administrative fee for the TIF Fund, as described in Section 4.2(d).
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TIF Administrative Fee means an amount equal to the greater of $5,000 per year or 1% of the TIF Proceeds deposited into the Special Allocation Fund hereunder from time to time during the Term.
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TIF Administrative Fee means an amount equal to one percent (1%) of the TIF Revenues deposited into the Project Area 3 TIF Revenue Fund hereunder from time to time during the Term.
Sample 1

Examples of TIF Administrative Fee in a sentence

  • As and when there are sufficient TIF Proceeds to pay the TIF Administrative Fee, the TIF Administrative Fee shall have first priority to available Incremental Real Property Taxes.

  • The Redevelopment Plan contemplates that, to the full extent permissible under the TIF Act, 100% of available Project Area 1 TIF Revenues (after payment of the UG’s TIF Administrative Fee) will be made available to reimburse TIF Eligible Expenses.

  • A portion of the Incremental Real Property Taxes shall be used to pay an administrative fee in an amount equal to 1% of such Incremental Real Property Taxes (the "TIF Administrative Fee").

  • The revenues received from the Incremental Real Property Taxes, less the TIF Administrative Fee (defined below in Section 4.2(d)), constitute the "TIF Proceeds".

  • The TIF Administrative Fee shall be due and payable on the date the Incremental Real Property Taxes are received by the UG.

  • Developer hereby understands and agrees that such TIF Administrative Fee shall be withheld by the UG prior to depositing the TIF Proceeds into the TIF Fund.

  • TIF Bond Proceeds from the issuance of TIF Indebtedness shall be expended in the following priority: FIRST PRIORITY: Reimburse the Redeveloper for Bond Counsel Fees for the TIF Bond, the TIF Administrative Fee, the Redeveloper’s cost to record the Memorandum of Redevelopment Agreement and Use Restrictions as shown on Exhibit W, and capitalized interest, if any for the TIF Indebtedness.

  • Notary Public Base Value (2021): $4,248,300 Final Value (2026): $22,340,006 Tax Levy (2020): 0.02015115 TIF Indebtedness Request: $3,900,000 Interest Rate: 4.0% TIF Administrative Fee $ 48,500 Bond Counsel Fee $ 14,750 Land Acquisition $ 2,610,750 Streetscape $ 598,000 Sidewalk Improvements, Landscaping, Vault Removal, etc.

  • As and when there are sufficient TIF Proceeds from the TIF District to pay the TIF Administrative Fee, Developer hereby understands and agrees that such TIF Administrative Fee shall first be paid to the City prior to the payment of Eligible TIF Expenses from the Special Allocation Fund from Pay-As-You-Go TIF Financing.

  • As and when there are sufficient TIF Revenues from Project Area 3 to pay the TIF Administrative Fee, such TIF Administrative Fee shall have first priority to available funds in the Project Area 3 TIF Revenue Fund.

Related to TIF Administrative Fee

  • Administrative Fee is defined in Section 4.1(a).

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Administrative Cost Rate As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and otherwise administering or carrying out the terms of the Settlement. Such costs may include, without limitation: escrow agent costs, the costs of publishing the summary notice, the costs of printing and mailing the Notice and Proof of Claim, as directed by the Court, and the costs of allocating and distributing the Net Settlement Fund to the Authorized Claimants. Such costs do not include legal fees.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Administrative User means any of Your employees, consultants, independent contractors or customers to whom You grant administrative permission to access the Services in accordance with Company’s entitlements and procedures and this Agreement (where “administrative permission” includes, but is not limited to, the right to create, modify and delete User accounts, as well as the right to access and modify Your billing information and other functionality available through Company’s administrative control panel).

  • Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears, in an amount equal to one-fourth of 1.50% of the Company’s Equity.

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Administrative cost means a fee imposed to cover:

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Settlement Administration Expenses means the Settlement Administrator’s fee, and the expenses incurred by the Settlement Administrator in providing Notice, processing exclusions and objections, responding to inquiries from members of the Settlement Class, mailing Settlement checks, and related services, paying taxes and tax expenses related to the Settlement Fund (including all federal, state or local taxes of any kind and interest or penalties thereon, as well as expenses incurred in connection with determining the amount of and paying any taxes owed and expenses related to any tax attorneys and accountants).

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Lender Fee Letter means each fee letter agreement that shall be entered into by and among the Borrower, the Servicer, the applicable Lender and its related Lender Agent in connection with the transactions contemplated by this Agreement, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.