Common use of Creation of Fund Clause in Contracts

Creation of Fund. The CDA will create a special fund to collect and hold the receipts of the Tax Increment. Such special fund shall be used for no purpose other than to pay TIF Indebtedness on the TIF Notes issued pursuant to Section 3.03 above.

Creation of Fund. The CDA will create a special fund to collect and hold the receipts of the Tax Increment. Such special fund shall be used for no purpose other than to pay TIF Indebtedness on the TIF Notes issued pursuant to Section 3.03 above.