Common use of County Agreement Clause in Contracts

County Agreement. The Authority and the County have entered into the County Agreement. The County Agreement provides for, among other things, allocation by the County of 87.5% of the County Sales Tax TIF (i.e., 0.875%) for the Duration. The County Sales Tax TIF shall be included in TIF Revenue and Pledged Revenue when and as received by the Authority pursuant to the County Agreement and paid over to the District as Pledged Revenue pursuant to the Pledge Agreement and this Agreement.

County Agreement. The Authority and the County have entered into the County Agreement. The County Agreement provides for, among other things, allocation by the County of 87.5100% of the County Sales Tax TIF (i.e., 0.8751.00%) for the first thirteen (13) years of the Duration and 50% of the County Sales Tax TIF (i.e., 0.50%) for the remaining twelve (12) years of the Duration. The County Sales Tax TIF shall be included in TIF Revenue and Pledged Revenue when and as received by the Authority pursuant to the County Agreement and paid over to the District as Pledged Revenue pursuant to the Pledge Agreement and this Agreement.