Common use of Payment of Principal, Premium and Interest; Payments Pledged Clause in Contracts

Payment of Principal, Premium and Interest; Payments Pledged. (a) To the extent that the TIF Revenues received by the Issuer are insufficient to pay such amounts, the Company agrees to pay the Annual Fees; provided, however, that the Company may, without creating a default under the Financing Agreement, contest in good faith the necessity for any such extraordinary services and extraordinary expenses and the reasonableness of any such fees, charges or expenses.

Appears in 3 contracts

Samples: Financing and Covenant Agreement, Financing and Covenant Agreement, Financing and Covenant Agreement

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Payment of Principal, Premium and Interest; Payments Pledged. (a) To the extent that the TIF Revenues and Taxpayer Payments received by the Issuer are insufficient to pay such amounts, the Company agrees to pay the Annual Fees; provided, however, that the Company may, without creating a default under the Financing Agreement, contest in good faith the necessity for any such extraordinary services and extraordinary expenses and the reasonableness of any such fees, charges or expenses.

Appears in 2 contracts

Samples: Financing and Covenant Agreement, Financing and Covenant Agreement

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