Common use of Material Changes to the CFD Act Clause in Contracts

Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.

Appears in 3 contracts

Samples: Financing Plan, Financing Plan, Financing Plan

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Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency City and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency Authority and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.

Appears in 1 contract

Samples: Disposition and Development Agreement

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