Operating subsidies definition

Operating subsidies has the meaning set forth in the Transportation Resolution and, includes, without limitation, the monies described in clause (i) of Section 8 of the RANs Resolution.

Operating subsidies has the meaning set forth in the Transportation Resolution and, include, without limitation, the monies described in subclauses (i) through (vii) of clause (a) of Section 8 of the RANs Resolution. For purposes of clarification, Operating Subsidies pledged hereunder as Pledged Revenues derived from (a) State Special Tax Supported Operating Subsidies which the State is legally obligated to pay to the Authority under Sections 88-a and 89- c of the New York State Finance Law as described in subclause (ii) of clause (a) of Section 8 of the RANs Resolution include only monies available after the payment of senior and subordinate debt service on the Authority’s Dedicated Tax Fund Bonds and certain other obligations, including, without limitation, interest rate swap agreements, payable in accordance with the DTF Resolution, as such DTF Resolution may be further amended and supplemented after the date hereof, and (b) regional payroll mobility taxes in accordance with Article 23 of the New York State Tax Law (including amounts appropriated in the State budget to offset reductions in amounts to be paid under Section 92-ff of the New York State Finance Law) as described in subclause (iii) of clause (a) of Section 8 of the RANs Resolution include only monies available after the payment of senior and subordinate debt service on the Authority’s and Triborough Bridge and Tunnel Authority’s Payroll Mobility Tax Bonds and certain other obligations, including without limitation, interest rate swap agreements payable in accordance with the PMT Resolutions, as such PMT Resolutions may be further amended and supplemented after the date hereof.

Operating subsidies means subsidies made available to Owner by HUD pursuant to the Section 8 ACC and Section 8 of the Act. PHA Administrative Plan shall mean that certain Public Housing Authority Administrative Plan dated September 26, 2011 as amended from time to time.