Common use of Invalid Payments Clause in Contracts

Invalid Payments. If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.

Invalid Payments. If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state state, or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.

Invalid Payments. If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state or local laws, then and in that eventevent it is the intention of the Parties that such invalid, Developer ineligible, illegal or unenforceable payment shall repay such payment be repaid in full by Developer to the City for deposit into the TIRZ FundFund and that the remainder of this Agreement shall be construed as if such invalid, illegal or unenforceable payment was never contained herein.