Common use of No Independent Duty Clause in Contracts

No Independent Duty. The City shall be responsible to remit to the Agency only Tax Increment actually received by the County acting as the tax collecting agency for the City. The City shall have no independent duty to pay any amount to the Agency other than the Tax Increment actually received by the County, on behalf of the City on an annual basis during each Increment Period for each Phase.

No Independent Duty. The City shall be responsible to remit to the Agency only Tax Increment actually received by the County acting as the tax collecting agency for the City. The City shall have no independent duty to pay any amount to the Agency other than the Tax Increment actually received by the County, County on behalf of the City on an annual basis during each Increment Period for each Phase.

No Independent Duty. The City shall be responsible to remit to the Agency only Tax Increment actually received by the County acting as the tax collecting agency for the CityCounty. The City shall have no independent duty to pay any amount to the Agency other than the Tax Increment actually received by the County, on behalf of the City on an annual basis during each Increment Period for each Phasefrom and including Year One through and including Year Twenty.