Net Available Increment definition

Net Available Increment is defined in the Financing Plan.

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Net Available Increment means, individually or collectively as the context requires, Shipyard Net Available Increment and Candlestick Net Available Increment.

Net Available Increment is defined in the Financing Plan. “Other Public Agency” is defined in the Financing Plan.

Examples of Net Available Increment in a sentence

If the fees (and replenishment of any draw or other use of the collateral for the obligation it secures) for any Developer credit enhancements will be reimbursable from funds other than Developer funds, they may be reimbursed from Project Special Taxes or Net Available Increment, as applicable, on a basis subordinate to any debt service and other annual costs for any related outstanding Public Financing.
For avoidance of doubt, Shipyard Net Available Increment may be used to pay all Qualified Project Costs, including those incurred in Phase 2 of the Shipyard Redevelopment Plan Area and Zone 1 of Project Area B of the BVHP Redevelopment Plan Area.
The City covenants to take all actions necessary to allocate to the Agency, to the extent legally permissible, all Net Available Increment and Housing Increment, based on the Agency’s ROPS.
The Agency will take all actions necessary under the Tax Allocation Agreement to ensure that Shipyard Net Available Increment will be available for purposes of this Financing Plan, including filing an annual Recognized Obligation Payment Schedule and other actions described in the Tax Allocation Agreement.
Any Developer credit enhancements for Public Financing must be without recourse to the City’s General Fund or the Agency’s general funds or other assets (other than Net Available Increment to the extent pledged to the payment of Public Financing obligations).
For avoidance of doubt, Candlestick Net Available Increment may be used to pay all Qualified Project Costs, including those incurred in Phase 2 of the Shipyard Redevelopment Plan Area and Zone 1 of Project Area B of the BVHP Redevelopment Plan Area.
The Agency pledges and agrees to use Shipyard Net Available Increment towards the payment of Qualified Project Costs.
The Agency will take all actions necessary under the Tax Allocation Agreement to ensure that Candlestick Net Available Increment will be available for purposes of this Financing Plan, including filing an annual Recognized Obligation Payment Schedule and other actions described in the Tax Allocation Agreement.
After paying or setting aside amounts needed for debt service due on Tax Allocation Debt secured by or payable from Candlestick Net Available Increment during the Agency Fiscal Year, the Agency will use Candlestick Net Available Increment to reimburse Developer’s Qualified Project Costs pursuant to this Financing Plan.
The Agency pledges and agrees to use Candlestick Net Available Increment towards the payment of Qualified Project Costs.

More Definitions of Net Available Increment

Net Available Increment means 56.588206% of the Gross Tax Increment, subject to the Plan Limit, as provided in the Infrastructure Financing Plan. [To the extent the City’s administrative costs incurred in connection with the division of taxes under the Law are not deducted from Gross Tax Increment, the District will first set aside from Net Available Increment such amounts for payment to the City.]

Net Available Increment means, for each IFD, the amount allocated on an unconditional basis to such IFD, which shall be the greater of (i) $0.57 of every dollar of Increment (which amount will come from Increment that would have otherwise been

Net Available Increment means, for each IFD, $0.567 of every dollar of Increment (which amount will come from Increment that would have otherwise been allocated to City). Net Available Increment does not include Conditional City Increment.

Net Available Increment as defined in the Financing Plan shall be the subject of this Subordinate Pledge Agreement.

Net Available Increment means 56.588206% of the Gross Tax Increment, subject to the Plan Limit, as provided in the Infrastructure Financing Plan.

Net Available Increment means all Increment, excluding: (a) Housing Increment and (b) payments to taxing agencies required under the CCRL.

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