Plan Limitations definition
Plan Limitations means the limitations contained or incorporated in the Redevelopment Plan on (a) the aggregate principal amount of indebtedness payable from Tax Revenues which may be outstanding at any time, (b) [the aggregate amount of taxes which may be divided and allocated to the Agency pursuant to the Redevelopment Plan], (c) the period of time for establishing or incurring indebtedness payable from Tax Revenues and (d) the period of time for receiving Tax Revenues for any purpose, all as established pursuant to Section 33333.2 of the Law.
Plan Limitations means the limitations contained or incorporated in each Redevelopment Plan on (a) the aggregate principal amount of indebtedness payable from Pledged Tax Revenues which may be outstanding at any time and (b) the aggregate amount of taxes which may be divided and allocated to the Successor Agency pursuant to such Redevelopment Plan.
Plan Limitations means the limitations contained or incorporated in the Redevelopment Plan on (a) the aggregate principal amount of indebtedness payable from Tax Revenues which may be outstanding at any time, (b) the aggregate amount of taxes which may be divided and allocated to the Successor Agency under the Redevelopment Plan, and (c) the period of time for establishing or incurring indebtedness payable from Tax Revenues.
Examples of Plan Limitations in a sentence
The Agency shall manage its fiscal affairs in a manner which ensures that it will have sufficient Tax Revenues available under the Plan Limitations in the amounts and at the times required to enable the Agency to pay the principal of and interest and premium (if any) on the Bonds when due.
The Agency shall take no action, including but not limited to the issuance of its bonds, notes or other obligations, which causes or which, with the passage of time would cause, any of the Plan Limitations to be exceeded or violated.
More Definitions of Plan Limitations
Plan Limitations means the limitations contained or incorporated in the Redevelopment Plan on (a) the aggregate amount of taxes which may be divided and allocated to the Successor Agency under the Redevelopment Plan, (b) the period of time for establishing or incurring indebtedness payable from Tax Increment Revenues, and (c) the period of time for collection of Tax Increment Revenues and repayment of Successor Agency indebtedness from Tax Increment Revenues.
Plan Limitations means the limitations (if any) contained or incorporated in the Redevelopment Plan on (a) the aggregate principal amount of indebtedness payable from tax increment revenues which may be outstanding at any time, (b) the aggregate amount of taxes which may be divided and allocated to the Agency under the Redevelopment Plan, (c) the period of time for establishing or incurring indebtedness payable from tax increment revenues, and (d) the period of time for collection of tax increment revenues and repayment of Agency indebtedness from tax increment revenues. All references herein to the Plan Limitations shall be of no force and effect in the event and to the extent any of the Plan Limitations become inoperative due to amendments of the Redevelopment Law which are enacted after the Closing Date.
Plan Limitations means the limitations, if any, contained or incorporated in the Infrastructure Financing Plan, on (a) the total number of dollars of taxes that may be allocated to the District pursuant to the Infrastructure Financing Plan and (b) the time limit on the existence of the District, as applicable, as such Plan Limitations may be amended or modified from time to time.