Common use of MRO Form Clause in Contracts

MRO Form. The MRO shall be substantially in the form attached to this Agreement as Exhibit C (which is incorporated herein by reference) and shall be payable in accordance with the terms and conditions set forth in this Agreement and such MRO. In the event of a conflict between the terms of this Agreement and the terms of the MRO, the terms in this Agreement shall prevail. The principal payments shall be payable solely from the Available Tax Increment appropriated by the City. On or about each Payment Date under the MRO, the City shall provide to Developer an accounting identifying the Available Tax Increment, the amount of the payment being made on such Payment Date, and, if applicable, the remaining principal balance due on the MRO after the application of such payment.

Appears in 3 contracts

Samples: Tax Incremental District Development Agreement, Tax Incremental District Development Agreement, Tax Incremental District Development Agreement

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MRO Form. The MRO shall be substantially in the form attached to this Agreement as Exhibit C E (which is incorporated herein by reference) and shall be payable in accordance with the terms and conditions set forth in this Agreement and such MRO. In the event of a conflict between the terms of this Agreement and the terms of the MRO, the terms in this Agreement shall prevail. The principal payments shall be payable solely from the Available Tax Increment appropriated by the City. On or about each Payment Date under the MRO, the City shall provide to Developer an accounting identifying the Available Tax Increment, the amount of the payment being made on such Payment Date, and, if applicable, the remaining principal balance due on the MRO after the application of such payment.

Appears in 2 contracts

Samples: Tax Incremental District Development Agreement, Tax Incremental District Development Agreement

MRO Form. The MRO shall be substantially in the form attached to this Agreement as Exhibit C G (which is incorporated herein by reference) and shall be payable in accordance with the terms and conditions set forth in this Agreement and such MRO. In the event of a conflict between the terms of this Agreement and the terms of the MRO, the terms in this Agreement shall prevail. The principal payments shall be payable solely from the Available Tax Increment appropriated by the City. On or about each Payment Date under the MRO, the City shall provide to Developer an accounting identifying the Available Tax Increment, the amount of the payment being made on such Payment Date, and, if applicable, the remaining principal balance due on the MRO after the application of such payment.

Appears in 1 contract

Samples: Tax Incremental District Development Agreement

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MRO Form. The MRO shall be substantially in the form attached to this Agreement hereto as Exhibit C (which is incorporated herein by reference) F and shall be payable in accordance with the terms and conditions set forth in this Agreement and such MRO. In the event of a conflict between the terms of this Agreement and the terms of the MRO, the terms in this Agreement shall prevail. The principal payments shall be payable solely from the Available Tax Increment appropriated by the City. On or about each Payment Date under the MRO, the City shall provide to Developer and Seller an accounting identifying the Available Tax Increment, the amount of the payment being made on such Payment Date, and, if applicable, and the remaining principal balance due on the MRO after the application of such payment.

Appears in 1 contract

Samples: Tax Incremental District Development Agreement

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