Town Funds definition

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 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, 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

  • In the event that the Town shall fail to pay any of the foregoing items required by this Section 9.3 to be paid by the Town, the Authority may (but shall be under no obligation to) pay the same, which amounts the Town agrees to pay, from and to the extent of available Town Funds.

  • 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.

  • 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.

  • 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.

  • Subject to the provisions of the next succeeding sentence, once the Town has elected to continue this Lease for a Renewal Term by budgeting and appropriating sufficient Town Funds for the payment of Base Rentals and Additional Rentals hereunder the Town shall, as of the first day of such Renewal Term, be obligated to pay such Base Rentals and Additional Rentals during such Renewal Term.

  • 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.

  • The Town shall also pay as Additional Rentals, from and to the extent of available Town Funds, as the same respectively become due, all gas, water, steam, electricity, heat, power, telephone, utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project.

  • 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.

Related to Town Funds

  • own funds means the sum of Tier 1 capital and Tier 2 capital;

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).