Common use of City Event Day Tax Revenues Reimbursement Amount Clause in Contracts

City Event Day Tax Revenues Reimbursement Amount. Pursuant to Section 70.220(1) RSMo., which authorizes the City to cooperate with private parties in support of the development and operation of public facilities, the City hereby commits, subject to annual appropriation, to pledge Event Day Tax Revenues for reimbursement to the NFL Team or an affiliate during the term of the NFL Team Lease. The City covenants and agrees that the City’s Budget Director, or any other officer at any time charged with responsibility of formulating budget proposals, is hereby directed to include in the budget proposals submitted to the Board of Estimate and Apportionment, and to the extent permitted by law, to the Board of Aldermen of the City, in any year during the Agreement Term, a request or requests for the Event Day Tax Revenues as set forth below. The first such request will be submitted and appropriated under applicable law for the Fiscal Year in which the NFL Team begins playing games at the Project. Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes. It is the intention of the City that the decision to appropriate the Event Day Tax Revenues pursuant to this Agreement shall be made solely by the Board of Aldermen and not by any other official of the City except subject to the power of the Mayor of the City to approve or disapprove ordinances. The City presently expects to, in each Fiscal Year of the City during the NFL Team Lease, appropriate funds for the Event Day Tax Revenues so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes. The City shall deliver written notice to the Trustee and the Authority of any Event of Non- Appropriation no later than July 15 of the applicable year. Notwithstanding anything to the contrary, the Event Day Tax Revenues Amount shall be payable solely out of amounts equal to the applicable Event Day Tax Revenues.

City Event Day Tax Revenues Reimbursement Amount. Pursuant to Section 70.220(1) RSMo., which authorizes the City to cooperate with private parties in support of the development and operation of public facilities, the City hereby commits, subject to annual appropriation, to pledge Event Day Tax Revenues for reimbursement to the NFL Team or an affiliate during the term of the NFL Team Lease. The City covenants and agrees that the City’s Budget Director, or any other officer at any time charged with responsibility of formulating budget proposals, is hereby directed to include in the budget proposals submitted to the Board of Estimate and Apportionment, and to the extent permitted by law, to the Board of Aldermen of the City, in any year during the Agreement Term, a request or requests for the Event Day Tax Revenues as set forth below. The first such request will be submitted and appropriated under applicable law for the Fiscal Year in which the NFL Team begins playing games at the Project. Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes. It is the intention of the City that the decision to appropriate the Event Day Tax Revenues pursuant to this Agreement shall be made solely by the Board of Aldermen and not by any other official of the City except subject to the power of the Mayor of the City to approve or disapprove ordinances. The City presently expects to, in each Fiscal Year of the City during the NFL Team Lease, appropriate funds for the Event Day Tax Revenues so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes. The City shall deliver written notice to the Trustee and the Authority of any Event of Non- Non­ Appropriation no later than July 15 of the applicable year. Notwithstanding anything to the contrary, the Event Day Tax Revenues Amount shall be payable solely out of amounts equal to the applicable Event Day Tax Revenues.

City Event Day Tax Revenues Reimbursement Amount. Pursuant to Section 70.220(1) RSMo., which authorizes the City to cooperate with private parties in support of the development and operation of public facilities, the City hereby commits, subject to annual appropriation, to pledge Event Day Tax Revenues for reimbursement to the NFL Team or an affiliate during the term of the NFL Team Lease. The City covenants and agrees that the City’s Budget Director, or any other officer at any time charged with responsibility of formulating budget proposals, is hereby directed to include in the budget proposals submitted to the Board of Estimate and Apportionment, and to the extent permitted by law, to the Board of Aldermen of the City, in any year during the Agreement Term, a request or requests for the Event Day Tax Revenues as set forth below. The first such request will be submitted and appropriated under applicable law for the Fiscal Year in which the NFL Team begins playing games at the Project. Subsequent requests for appropriations shall be made in each Fiscal Year thereafter so that the Event Day Tax Revenues to be paid during the succeeding Fiscal Year will be available for such purposes. It is the intention of the City that the decision to appropriate the Event Day Tax Revenues pursuant to this Agreement shall be made solely by the Board of Aldermen and not by any other official of the City except subject to the power of the Mayor of the City to approve or disapprove ordinances. The City presently expects to, in each Fiscal Year of the City during the NFL Team Lease, appropriate funds for the Event Day Tax Revenues so that the Event Day Tax Revenues RevenuesPayments to be paid during the succeeding Fiscal Year will be available for such purposes. The City shall deliver written notice to the Trustee and the Authority of any Event of Non- Non-Appropriation no later than July 15 of the applicable year. Notwithstanding anything to the contrary, the Event Day Tax Revenues Amount shall be payable solely out of amounts equal to the applicable Event Day Tax Revenues.Revenues.the years actually shown on Exhibit C attached hereto,