Common use of Purchase of TIF Indebtedness Clause in Contracts

Purchase of TIF Indebtedness. The Redeveloper shall purchase the TIF Indebtedness at 100% of the principal amount thereof upon issuance of such debt. The Authority may provide that such purchase be offset against the grant provided in Section 3.04 hereof.

Appears in 4 contracts

Samples: Redevelopment Contract, Redevelopment Contract, Redevelopment Contract

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Purchase of TIF Indebtedness. The Redeveloper shall purchase the TIF Indebtedness at 100% of the principal amount thereof upon issuance of such debt. The Authority may provide that offset such purchase be offset against the grant provided in Section 3.04 hereof.

Appears in 1 contract

Samples: Redevelopment Contract

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