Town Funds definition

Town Funds means all revenues, receipts and other legally available moneys, including without limitation payments received by the Town from operation or subleasing portions of the Project and moneys derived from ad valorem property taxes and other taxes, to the extent the same are budgeted and appropriated by the governing body of the Town for the purpose of paying Base Rentals, Additional Rentals or the Purchase Option Price hereunder during the Original or any Renewal Term in which this Lease may be in effect.
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Town Funds means all monies or other assets received and managed by, or which are otherwise under the control of the Town’s Treasurer/Collector, and any notes, bonds, securities, certificates of indebtedness or other fiscal obligations issued by the Town.
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Town Funds means all monies, grants, or other general or enterprise funds received and managed by or otherwise under the control of the Town Treasurer, and any notes, bonds, or securities issued by the Town of Amherst.
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Examples of Town Funds in a sentence

  • To the extent that any of the work to be performed with Town Funds constitutes a “public works project,” Town shall observe all public bidding requirements associated with such projects as prescribed in Town’s Purchasing Policy and the Town’s Municipal Code, and all applicable local, state, and federal laws, rules and regulations, and policies regarding public works construction shall be adhered to, including but not limited to the payment of prevailing wages.

  • If the Net Proceeds shall be insufficient to pay in full the cost of any repair, restoration, modification or improvement or to redeem all Outstanding Bonds, the Town shall, from and to the extent of available Town Funds, complete the work and pay any cost in excess of the amount of the Net Proceeds.

  • The Town and the Authority acknowledge and agree that the obligation of the Town to pay Base Rentals and Additional Rentals hereunder constitutes a current expense of the Town payable exclusively from Town Funds and shall not in any way be construed to be an obligation or indebtedness of the Town within the meaning of Sections 3 or 4 of Article XIV of the Utah Constitution, or any constitutional or statutory limitation or requirement applicable to the Town concerning the creation of indebtedness.

  • County shall invoice Town for the Town Funds within forty-five (45) days of receipt of Town’s written request for such an invoice.

  • The Base Rentals, Additional Rentals and, if paid, the Purchase Option Price, shall be paid exclusively from Town Funds and in lawful money of the United States of America.

  • Payment of the Town Funds is conditioned on the review to the reasonable satisfaction of the Town of the closing documents, including the deeds, title insurance documents, the Right of First Refusal, any financing documents, and any document that could affect the Town’s rights under this Memorandum of Understanding and the Right of First Refusal.

  • Township shall make the foregoing annual reimbursement payment to Village within thirty (30) days of its receipt of Incremental Town Funds Tax Revenue.

  • In the event that the Project or any portion thereof shall, for any reason, be deemed subject to taxation, assessments or charges lawfully made by any governmental body which may be secured by a lien against the Project, an Additional Rental, from and to the extent of Town Funds, shall be paid by the Town equal to the amount of all such taxes, assessments and governmental charges then due.

  • To the extent legally permissible, if a portion of the Town Funds remains after completion of the Town Improvements, they shall be made available for the remediation of the balance of the Public Project Area.

  • In the event that the Town shall fail to maintain the full insurance coverage required by this Lease or shall fail to keep the Project in good repair and operating condition, the Authority may (but shall be under no obligation to) take out the required policies of insurance and pay the premium on the same or may make such repairs or replacements as are necessary and provide for payment thereof; which amounts the Town agrees to pay, from and to the extent of available Town Funds.

Related to Town Funds

  • own funds means own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Buydown Fund A fund provided by the originator of a Mortgage Loan or another Person with respect to a Buydown Loan which provides an amount sufficient to subsidize regularly scheduled principal and interest payments due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the par values of future payment subsidies, or (ii) funded in an amount less than the par values of future payment subsidies, and determined by discounting such par values in accordance with interest accruing on such amounts, in which event they will be deposited in an account bearing interest. Buydown Funds may be held in a separate Buydown Fund Account or may be held in a Custodial Account for P&I or a Custodial Account for Reserves and monitored by a Servicer.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).