City Financing. City shall have completed its Financing and obtained the Financing Proceeds and agreed to make the Financing Proceeds available for disbursement according to the following schedule:
City Financing. If requested by WPZS, the City will consider issuing debt for capital purposes at the Zoo. Funding for debt service on such debt, other than debt issued for the Parking Garage described in Section 8, shall be the responsibility of WPZS. In the event WPZS fails to provide funds to pay debt service in a timely fashion, the City will pay such debt service from its own funds and will reduce its payments under Section 5.2 by a corresponding amount.
City Financing. City shall have adopted such reimbursement resolution in connection with the Financing as may be required and shall have obtained all other necessary authorizations for the Financing and shall have either completed its Financing on terms acceptable to the City Representative and obtained the Financing Proceeds or the City Representative shall have determined that City can complete the Financing on terms acceptable to the City Representative and obtain the Financing Proceeds. Any Financing obtained by the City shall not delay the Venue Construction Schedule.
City Financing. The City agrees to provide the Partnership a loan in the amount of Five Million Thirty- Four Thousand Nine Hundred Twenty-Four Dollars ($5,034,924) for the Development (the "City Loan"), on the conditions set forth below.
City Financing. The City agrees to use, in the amounts set forth in Section 4.02 hereof, (i) Available Incremental Taxes (except as the same may be pledged to make payments with respect to the City Note), and (ii) the proceeds of borrowings of the TIF Loan to pay for or reimburse the Developer for the costs of TIF-Funded Improvements pursuant to the terms and conditions of this Agreement, the Program Ordinance, the TIF Loan Agreement and the City Note. In addition, the City may, in its discretion, issue tax increment allocation bonds ("TIF Bonds") secured by Available Incremental Taxes or Incremental Taxes pursuant to a TIF bond ordinance (the "TIF Bond Ordinance") at a later date as described in Section 4.02(e) hereof, the proceeds of which (the "TIF Bond Proceeds") may be used to pay for the costs of the TIF- Funded Improvements not previously paid for from Available Incremental Taxes including any such payment made pursuant to the City Note, to make payments and prepayments of principal and interest on the City Note, or in order to reimburse the City for the costs of TIF-Funded Improvements.
City Financing. The City agrees to use, in the amounts set forth in Section 4.03 hereof, (i) the proceeds of the City Note (defined below) and/or (ii) Incremental Taxes (as defined below), to pay for or reimburse the Developer for the costs of TIF-Funded Improvements pursuant to the terms and conditions of this Agreement and the City Note. In addition, the City may, in its discretion, issue tax increment allocation bonds (ATIF Bonds@) secured by Incremental Taxes pursuant to a TIF bond ordinance (the XXXX Xxxx Ordinance@) at a later date, the proceeds of which (the XXXX Xxxx Proceeds@) may be used to pay for the costs of the TIF-Funded Improvements not previously paid for from Incremental Taxes (including any such payment made pursuant to any City Note provided to the Developer pursuant to this Agreement), to make payments of principal and interest on the City Note, or in order to reimburse the City for the costs of TIF-Funded Improvements.
City Financing. The City and the Authority have determined that it would be in the best interest of the City and the Authority to provide the funds necessary to finance the Project through the issuance by the Authority of bonds pursuant to a Master Indenture, dated as of
City Financing. The City shall secure the availability of all funds necessary to pay the Design-Build Price in a timely manner, whether through the authorization or issuance of debt obligations of the City or otherwise as determined by the City. Payments of the Design-Build Price shall be made by the City to the Company in the manner provided in Sections 8.5 and 8.6 and Schedule 15.
City Financing. The City shall use its good faith efforts to obtain financing (the “City Financing”) for the Ballpark Project that:
(i) provides the City with funds (the “City Funds”) that are in an amount that is sufficient to satisfy the City’s investment obligations under the MOU with respect to the Ballpark; and
(ii) is on a fully tax-exempt basis, except for such financing based upon certain limited, agreed-upon Padres/Private Investment payments (which may at least include, at the Padres’ discretion, Padres’ revenue and/or other Padres’ sources, and net possessory interest and/or net property taxes), which financing need not be on a fully tax-exempt basis; provided, however, that the City and the Agency shall obtain the City Financing when and only when the conditions precedent set forth in clause (a) of this Section 3.03 shall have been satisfied or waived in writing in accordance with clause (b) of this Section 3.03.
City Financing. The purpose of this Agreement is to reimburse CTA for the costs of certain TIF-Funded Improvements through Available Incremental Taxes (as defined below), but not to exceed (a) the amount necessary for the CTA to repay the CTA Debt plus (b) the amount of Pay- As-You-Go Funds, if any, all as set forth in this Agreement, including without limitation Section 4.03 hereof and the City Note, and in any event not to exceed the maximum principal amount of $622,000,000 (plus interest thereon at the City Note Interest Rate defined in Section 2) plus the CTA Closing Costs (as defined in Section 2).
