Cid Financing Sample Clauses

Cid Financing. Section 3.02 provides for the imposition of a CID sales tax in the amount of one percent (1%) on retail sales within the CID district. Section 3.02 also states that Xxxxxxxxx's eligible improvements may be reimbursed with pay-as-you-go CID financing, consisting of revenues received from the CID sales tax from time to time. Additionally, the Hawthorne Plaza CID will be limited in a number of important ways:
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Cid Financing. A. The County has, by Resolution No. 2012-001, authorized a 2% sales tax on sales within the Downtown Anthony Community Improvement District. The Kansas Department of Revenue has commenced imposition of the CID sales tax in accordance with Resolution No. 2012-001.
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Cid Financing. Section 6.01. CID Creation. 20 Section 6.02. CID Sales Tax. 20 Section 6.03. CID Sales Tax Funds. 20 Section 6.04. CID Application Fee. 21 Section 6.05. Payment of the State Administrative Fee, City’s Administrative Service Fee and City Expenses. 21 Section 6.06. Pay-as-you-go Financing of the CID Eligible Costs. 21 Section 6.07. Certification of CID Expenditures. 21 Section 6.08. Reimbursement. 22 Section 6.09. Sales Tax Information. 22 Section 6.10. CID Termination. 22 Section 6.11. Modification of the District. 22 Section 6.12. Public Disclosure. 23 ARTICLE VI PARKING AGREEMENTS Section 7.01. Parking Agreement. 23 Section 7.02. Skywalk Agreement. 23 Section 7.03. Option to Purchase Agreement 23
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Cid Financing. The Agreement also contemplates the creation of a CID sales tax of 1% on retail sales to be added on top of the base sales taxes within the District, the proceeds of which may be used for pay-as-you-go financing to the Developer. The CID pay-as-you-go financing in this Agreement is only for use on site improvements specified in the Project Budget and would also be limited in a number of important ways:
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Cid Financing. Section 5.01. CID Sales Tax. 13 Section 5.02. CID Sales Tax Fund. 13 Section 5.03. Pay-as-you-go Financing of the CID Costs. 13 Section 5.04. Certification of Expenditures 13 Section 5.05. Reimbursement 14 Section 5.06. Payment of the City’s Administrative Service Fee and Other Eligible Expenses. 14 Section 5.07. Sales Tax Information. 14 Section 5.08. Termination of the CID 15 Section 5.09. Modification of the District 15 Section 5.10. Public Disclosure. 15
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Cid Financing. Section 3.01. Pay-as-you-go Financing of the CID Costs. 2 Section 3.02. Certification of Expenditures. 3 Section 3.03. Reimbursement. 3 Section 3.04. Payments to the City. 3 Section 3.05. Sales Tax Information. 3
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Cid Financing. Section 3.01. Pay-as-you-go Financing of the CID Costs. The CID Sales Tax will be used to reimburse CNP2 for costs of the CID Project, subject to the terms of this Agreement. Reimbursements will be made solely to CNP2, except for payment of the amounts payable to the City pursuant to Section 3.04 which will be deducted by the City in advance of distribution of the CID Sales Tax revenues to CNP2. So long as the total amount of CID Project costs requested for reimbursement through CID Sales Tax revenues does not exceed the actual amount expended for such use or the CID Costs Cap:
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Related to Cid Financing

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Financing Parent has delivered to the Company, as of the date hereof, true, complete and accurate copies of (i) an executed commitment letter and the Redacted Fee Letter, each dated the date hereof, among Parent, Merger Sub and the financial institutions party thereto, providing for the debt financing described therein (being collectively referred to as the “Senior Financing”) (the “Senior Commitment Letters”) and (ii) an executed Series A Preferred Stock Purchase Agreement, dated the date hereof, between Parent and the investor party thereto, providing for the financing described therein (being collectively referred to as the “Preferred Financing”) (the “Financing Agreement” and, together with the Senior Commitment Letters, the “Financing Commitments”). The Financing Commitments are in full force and effect as of the date hereof, and are legal, valid and binding obligations of Parent, Merger Sub (with respect to the Senior Commitment Letter), and to the Knowledge of Parent, each of the other parties thereto. As of the date hereof, (A) no amendment or modification of the Financing Commitments has been made or is contemplated and (B) the respective commitments contained in the Financing Commitments have not been withdrawn, terminated or rescinded in any respect. Parent or Merger Sub has fully paid any and all commitment fees or other fees in connection with the Financing Commitments that are payable on or prior to the date hereof. As of the date hereof, there are no conditions precedent or other contingencies related to the funding of the full amount of the Financing, other than as expressly set forth in or expressly contemplated by the Financing Commitments (including any “market flex” provisions applicable to the Financing Commitments). Assuming (x) the Financing is funded in accordance with the Financing Commitments and (y) the Company is not in breach of any of its representations, warranties, covenants or agreements contained in this Agreement such that the conditions to Closing set forth in Section 6.1 and Section 6.3 are not capable of being satisfied, the net proceeds contemplated from the financing described in the Financing Commitments (the “Financing”), together with cash on hand of the Company and its Subsidiaries on the Closing Date, will, in the aggregate, be sufficient for the satisfaction of all of Parent’s and Merger Sub’s obligations under this Agreement, including the payment of all amounts required to be paid pursuant to Article II and the payment of any debt required to be repaid, refinanced, redeemed, retired, cancelled, terminated or otherwise satisfied in connection with the Merger and of all fees, expenses and amounts required to be paid in connection with consummating the Merger and the Financing. As of the date of this Agreement, no event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to constitute a default or breach on the part of Parent or Merger Sub or, to the Knowledge of Parent, any other party thereto, under the Financing Commitments, provided that Parent is not making any representation or warranty regarding the effect of any inaccuracy of the representations and warranties in Article III or breach by the Company of any of its covenants hereunder. As of the date of this Agreement, Parent does not have any reason to believe that any of the conditions to the Financing will not be satisfied or that the Financing will not be available to Parent or Merger Sub as of the Effective Time, provided that Parent is not making any representation regarding the accuracy of the representations and warranties set forth in Article III, or compliance by the Company of its covenants hereunder. As of the date of this Agreement, there are no side letters or other Contracts to which Parent or any of its Affiliates is a party related to the funding or investing, as applicable, of the full amount of the Financing other than (1) as expressly set forth in the Financing Commitments, (2) any customary engagement letter(s) and non-disclosure agreements(s), and (3) as do not impact the conditionality, availability or aggregate amount of the Financing. Promptly following the funding thereof, Parent will contribute the proceeds of the Preferred Financing to Merger Sub.

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