Common use of City’s Financial Obligations Clause in Contracts

City’s Financial Obligations. The City shall have the obligations set forth in this Section 3.1 relative to financing Eligible Costs in the Development Area. Upon the submission to the City by the Developer of a Requisition for Eligible Costs incurred and paid, the City, subject to the terms, conditions and limitation set forth in this Section 3.1 immediately below, agrees to reimburse the Developer from the Fund such Reimbursement Amounts as are paid and incurred by the Developer and are directly related to the Private Development in the Development Area as follows:

City’s Financial Obligations. The City shall have the obligations set forth in this Section 3.1 relative to financing Eligible Costs in the Development Area. Upon the submission to the City by the Developer of a Requisition Requisitions for Eligible Costs incurred and paid, paid,- the City, subject to the terms, conditions and limitation set forth in this Section 3.1 immediately below, agrees to reimburse the Developer from the Fund such Reimbursement Amounts interest costs as are may be paid and incurred by the Developer and as are directly related to the Private Development in the Development Area as follows:

City’s Financial Obligations. The City shall have the obligations set forth in this Section 3.1 relative to financing Eligible Redevelopment Project Costs in connection with the Private Development AreaProject. Upon the submission to the City by the Developer of a Requisition for Eligible Costs incurred and paid, the City, subject Subject to the terms, conditions and limitation set forth in this Section 3.1 immediately below, the City agrees to reimburse provide to or for the benefit of the Developer from the Fund such Reimbursement Amounts as are paid Program Loan and incurred by the Developer and are directly related to the Private Development in the Development Area Program Grant as follows: