Common use of Failure to Restore Clause in Contracts

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements as provided in A and/or B above, Redeveloper shall pay to the City the necessary amount of to retire the TIF Indebtedness in full (including interest).

Appears in 4 contracts

Samples: Façade Easement Agreement, Redevelopment Agreement, Redevelopment Agreement

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Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements as provided in A and/or B above, Redeveloper shall pay to the City the necessary amount of for the City to retire the TIF Indebtedness Bond in full (full, including interest).

Appears in 4 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Redeveloper Improvements as provided in A and/or B above, Redeveloper shall pay to the City the necessary amount of to retire the TIF Indebtedness in full (including interest).

Appears in 2 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements New Building as provided in A and/or B Section 604.A above, Redeveloper shall pay to the City the necessary amount of for the City to retire the TIF Indebtedness Bond in full (full, including interest).

Appears in 2 contracts

Samples: Redevelopment Agreement, Façade Easement Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements New Building as provided in A and/or B Section 704.A above, Redeveloper shall pay to the City the necessary amount of for the City to retire the TIF Indebtedness Bond in full (full, including interest).

Appears in 1 contract

Samples: 9th and O Redevelopment Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements New Building as provided in A and/or B above, Redeveloper shall pay to the City the necessary amount of for the City to retire the applicable TIF Indebtedness Bond A and/or TIF Bond B in full (full, including interest). However, if Redeveloper is the holder of TIF Bond B, any remaining balance shall be forgiven.

Appears in 1 contract

Samples: Holdrege Redevelopment Agreement

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Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements New Building as provided in A and/or B Section 704.A or B. above, Redeveloper shall pay to the City the necessary amount of for the City to retire the TIF Indebtedness Bond in full (full, including interest).

Appears in 1 contract

Samples: Facade Easement Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements as provided in A and/or B above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond A in full, including interest. In addition, Redeveloper shall either forgive any remaining indebtedness and interest on TIF Bond B if the Redeveloper was the TIF Bond B Purchaser, or pay to the City the necessary amount of to retire the TIF Indebtedness BOND B in full (including interest)) if the TIF Bond B was purchased by the Redeveloper’s Lender.

Appears in 1 contract

Samples: Haymarket Redevelopment Agreement

Failure to Restore. In the event Redeveloper fails for any reason to restore the Private Improvements New Buildings as provided in A and/or B above, Redeveloper shall pay to the City the necessary amount of for the City to retire the TIF Indebtedness Bond in full (full, including interest).

Appears in 1 contract

Samples: Phase 1 Redevelopment Agreement

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