PLEDGE OF FUNDS. The City and the Board pledge to use Available Tax Increment, as reimbursement to Developer for approved Project Costs, up to the maximum total amount specified herein, excluding tax revenue collected after September 30, 2025, subject to the terms and conditions herein, priority of payment availability of funds, and termination of the TIRZ.
PLEDGE OF FUNDS. The City and the Board pledge to use available Tax Increment funding from increment levied and collected from the Project Site (whether or not owned by Developer), as reimbursement to Developer for approved and eligible Project Costs, up to the Maximum Reimbursement Amount and termination of the TIRZ.
PLEDGE OF FUNDS. The Board hereby pledges Available TIF Funds, as reimbursement to the City for approved Project Costs, up to ONE MILLION NINE HUNDRED THOUSAND DOLLARS AND NO CENTS ($1,900,000.00) for the design and construction of the Project, located at the Project Site, subject to the terms and conditions in this Agreement, priority of payment schedule, and termination of the TIRZ.
PLEDGE OF FUNDS. Regarding the credit that under this rotating account is granted by the Bank, it may require the pledge of funds in a deposit account with the Bank ("Pledged Funds"). The Bank will have the option of the Pledged Funds being in an existing deposit account with the Bank or requiring that you open a new deposit account for this purpose. You accept that the Pledged Fund will serve as warranty for any debt or obligation that you acquire under this agreement. Once the Card is emitted, the amount of the Pledged Funds will be equal or higher than 125% from the assigned credit limit based on the evaluation of of your credit capacity and payment history. You agree and authorize The Bank to freeze the amount of the Pledged Funds in the deposit account, whilst the duration of this agreement. You agree that the Bank will not accept any withdrawal or any kind of debit against the deposit account that will reduce the balance of the account under the 125% of the credit limit assigned without, in such case, the Bank being liable. Any changes made to the credit limit may require a change in the amount of Pledged Funds required in the deposit account, in order to maintain the amount of Pledged Funds in the proportion agreed upon in accordance with the credit limit. You accept that the Pledged Funds be used to pay off any debt or obligation acquired by use of the Card in case of breach, or when it is closed by you or the Bank in accordance to this agreement.
PLEDGE OF FUNDS. 32.1 The accountholder may pledge the funds in the account in favor of the Bank, as security for any obligation which the Bank granted, if the security was required and accepted by the Bank, subject to the conditions described in this Agreement.
PLEDGE OF FUNDS. You may pledge to the Bank any funds deposited in the Account, as collateral security for any obligation granted by the Bank, if such guarantee were required and accepted by the Bank.
PLEDGE OF FUNDS. The owner(s) may pledge any or all of the principal on deposit in the account as security for any loan subject to the credit union’s current loan policies at the time. Further, a pledge of funds in this account by any owner shall be binding on all owners. This does not apply to XXX accounts.
PLEDGE OF FUNDS. The City and the Board pledge to use available Tax Increment funding from increment levied and collected from the Project Site (whether or not owned by Developer), as reimbursement to Developer for approved and eligible Project Costs, up to the Maximum Reimbursement Amount or for a period of ten (10) consecutive tax years starting with the initial Reimbursement Tax Year (as defined in 8.1 below), subject to the terms and conditions herein, priority of payment schedule, and termination of the TIRZ.
PLEDGE OF FUNDS. Except as otherwise stated in this Agreement and Disclosure, the owner(s) may pledge any or all of the principal on deposit in Business Certificate Accounts as security for any loan(s) subject to the Credit Union’s then- current loan policies. Further, a pledge of funds in this account by any owner shall be binding on all owners. COMMON FEATURES Transaction limitation - We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
PLEDGE OF FUNDS. The Board hereby pledges TIF Funds, as payment to City for debt service on Three Million Dollars and No Cents ($3,000,000.00) in issued Certificates of Obligation and Five Hundred Seventy Thousand Dollars and No Cents ($570,000) from the TIRZ Fund for eligible project costs, subject to the terms and conditions in this Agreement, priority of payment schedule, and termination of the TIRZ.
