Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.
Appears in 2 contracts
Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A A and/or B above, Redeveloper shall pay the City the necessary amount for the City to retire the applicable TIF Bond A and/or TIF Bond B in full, including interest. However, if Redeveloper is the holder of TIF Bond B, any remaining balance shall be forgiven.
Appears in 1 contract
Samples: Redevelopment Agreement
Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A 704.A above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.
Appears in 1 contract
Samples: Redevelopment Agreement
Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A 704.A or B. above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.
Appears in 1 contract
Samples: Redevelopment Agreement
Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building Buildings as provided in Section 604.A A and/or B above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.
Appears in 1 contract
Samples: Redevelopment Agreement
