Dissolution of Special Fund Sample Clauses

Dissolution of Special Fund. Notwithstanding anything contained in this Agreement or in the Water Street Commons Redevelopment Note to the contrary, the City shall pledge and maintain the Special Fund for the purposes stated herein until the first of the following to occur: (i) the failure of Developer to substantially perform the TIF Improvements on or before the time specified in Section 4.02; (ii) the payment in full of all principal and interest due on the Water Street Commons Redevelopment Note; or
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Dissolution of Special Fund. Notwithstanding anything contained in this Agreement or in the Batavia 00 X. Xxxxx Xxxxxx Property Redevelopment Note to the contrary, the City shall pledge and maintain the Special Fund for the purposes stated herein until the first of the following to occur: (i) the failure of Developer to substantially perform and complete the Project Improvements on or before the time specified in Section 4.02; (ii) any other event of default that is not timely cured as provided herein; (iii) payment by the City of its Total Project Costs; or (iv) expiration of the TIF District.
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Related to Dissolution of Special Fund

  • Dissolution and Liquidation (Check One)

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

  • Dissolution of Entity The Contractor shall notify the County immediately of any intention to discontinue existence of the entity or to bring an action of dissolution.

  • Dissolution and Winding Up of the Company Dissolution. The Company will be dissolved on the happening of any of the following events: Sale, transfer, or other disposition of all or substantially all of the property of the Company; The agreement of all of the Members; By operation of law; or The death, incompetence, expulsion, or bankruptcy of a Member, or the occurrence of any event that terminates the continued membership of a Member in the Company, unless there are then remaining at least the minimum number of Members required by law and all of the remaining Members, within 120 days after the date of the event, elect to continue the business of the Company.

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Dissolution The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following:

  • DISTRIBUTIONS AFTER DISSOLUTION Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Members or the Members’ interests. The Members agree that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section 00-00-000 of the Act.

  • Winding Up Affairs Upon Termination In the event that this Contract is terminated for any reason, the parties agree that the provisions of this paragraph survive termination:

  • NO DISSOLUTION, NO NULLIFICATION To the extent permitted by law, the parties hereby waive their rights pursuant to Articles 6:265 to 6:272 inclusive of the Dutch Civil Code to dissolve (ontbinden), or demand in legal proceedings the dissolution (ontbinding) of, this Agreement. Furthermore, to the extent permitted by law, the parties hereby waive their rights under Article 6:228 of the Dutch Civil Code to nullify (vernietigen), or demand in legal proceedings the nullification (vernietiging) of, this Agreement on the ground of error (dwaling).

  • Reclassification of Position An employee shall not have her salary reduced by reason of a change in the classification of her position that is caused other than by the employee herself.

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