Voted Tax Fund definition

Voted Tax Fund means the Bond Fund.
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Voted Tax Fund means the fund created under Section 4 of this Resolution and authorized by Section 260C.22 into which the Plant Fund Tax shall be deposited.
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Voted Tax Fund means the fund created under Section 4 of the Resolution o f the Board of the College adopted on November 8, 1993 authorizing issuance o f a portion of the Prior Notes and authorized by Section 260C.22 into which the Plant Fund Tax has been and shall continue to be deposited.
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Examples of Voted Tax Fund in a sentence

  • All moneys held in the Voted Tax Fund must be deposited in a special account and invested as permitted by Iowa Code Chapter 12B or Section 12C.9. An investment authorized in this Section must mature within not less than five calendar days prior to the payment date of principal or interest.

  • Paying Agent is authorized to draw upon the Voted Tax Fund for the purpose of making payment of the amounts of principal and interest falling due under the terms of this Resolution.

  • A first and paramount security interest is granted to Lender and any holders of Notes issued hereunder against the proceeds of the Voted Tax Levy and all sums in the Voted Tax Fund or the special account to secure the payment of all sums due.

  • Upon repayment of the Notes or to the extent tax collections from the Voted Tax Levy are in excess of requirements of principal and interest falling due in any year, payments must be made from the Voted Tax Fund only upon warrants drawn by the President and Secretary for purposes authorized by the voters at the election implementing the Voted Tax Levy.

  • When collected, revenue from the Voted Tax Levy must be deposited into a fund known as the "VOTED TAX FUND" (the "Voted Tax Fund") which is pledged to be used only for the payment of principal and interest of the Notes and Additional Notes.

  • This fund includes all sums received under the apportionment of any state or local tax revenues from whatever source derived, including, without limitation, general fund moneys which shall be transferred to the Voted Tax Fund to the extent revenue from the Voted Tax Levy is used to pay the costs of utilities under Iowa Code Section 260C.21 to the extent necessary to meet current requirements for principal and interest.

  • The College hereby pledges to the payment of the Notes the Plant Fund Tax and hereby pledges and grants a first lien on all amounts in the Voted Tax Fund to the extent necessary to pay the principal and interest on the Notes as the same become due and on a parity with the lien previously granted in favor o f the Prior Notes.

  • All moneys held in the Voted Tax Fund provided for by Section 5 of this Resolution shall be deposited in a special account at Bankers Trust Company and all such deposits in excess of the amount insured by the Federal Deposit Insurance Corporation or the State Sinking Fund for Public Deposits shall be continuously secured by a valid pledge of direct obligations of the United States Government having an equivalent market value.

  • As provided and required by the Act, the Notes and interest thereon shall be payable solely from the Plant Fund Tax and the Voted Tax Fund.

  • Amounts in the Voted Tax Fund shall be used for the payment o f principal and interest on the Notes, the Prior Notes and any Parity Notes as the same shall become due and as otherwise provided herein.

Related to Voted Tax Fund

  • Indemnified Tax means (a) any Tax, other than an Excluded Tax, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Indemnified Taxes means Taxes other than Excluded Taxes.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;