COM 1109.000 2020-2022 - Laserfiche WebLink

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"Special Tax Administrator" means such Person as may be designated by the County to administer the calculation and collection of the Special Taxes, or any successor acting in such capacity. "Special Tax Fund" means the fund by such name created and established pursuant to Section 3.1 hereof. "Special Taxes" means the special taxes authorized by the Ordinance of Formation to be levied on Taxable Property within the District in accordance with the RMA, together with applicable penalties and interest, but excluding proceeds of the sale of any Taxable Property upon foreclosure pursuant to this Indenture that are applied to the payment of costs related to such sale, including, but not limited to, all legal fees and expenses, court costs, consultant and title insurance fees and expenses. "Standard & Poor's" means Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies,or its successors and assigns. "State"means the State of Hawai`i. "Supplemental Indenture"means any supplemental indenture entered into in accordance with the provisions hereof amending or supplementing this Indenture. "Surplus Fund" means the Fund by such name created and established pursuant to Section 3.1 hereof. "Taxable Property" means all parcels of property within the District that are subject to the levy of Special Taxes by the County in accordance with the RMA. "Tax Certificate" means the Certificate by that name to be executed by an Authorized County Representative on the Delivery Date of each Series of Bonds the interest on which is intended to be excluded from gross income for federal income tax purposes to establish certain facts and expectations and which contains certain covenants relevant to compliance with the Tax Code. "Tax Code" means the Internal Revenue Code of 1986, as amended, and any regulations, rulings, judicial decisions, and notices, announcements, and other releases of the Treasury Department or Internal Revenue Service interpreting and construing it. "Tax Receipts Account" means the Account by such name created and established in the Project Fund pursuant to Section 3.1 hereof. "Tax Zone 1" shall have the meaning set forth in the RMA. "Tax Zone 1 Special Tax Requirement' shall have the meaning set forth in the RMA. "Tax Zone 2" shall have the meaning set forth in the RMA. "Tax Zone 2 Special Tax Requirement" shall have the meaning set forth in the RMA. 12