Reimbursement of Grants. Subject to Section 801 (Remedies) below, Redeveloper agrees to repay the City for the aid to construction and any grant or grants of funds to Redeveloper as provided for in Section 503 A. (Use of TIF Proceeds) and Section 506 A. (Grant of Funds) above in the event Redeveloper fails to substantially complete the Redeveloper Improvements as provided in Section 202 B. (Commencement and Completion Deadline for Redeveloper Improvements) above and, upon such repayment of the of the grant funds, this Redevelopment Agreement shall be null and void in regards to Redeveloper’s obligation to construct the Redeveloper Improvements located upon the Project Site. Subject to Section 801 (Remedies) below, in the event Redeveloper fails to maintain the Redeveloper Improvements as provided in Section 205 (Duty to Maintain) above, then said Redeveloper shall reimburse the City 1/15 of the grant funds granted to Redeveloper for construction of the Redeveloper Improvements as provided for in Section 506 A. (Grant of Funds) above, for each year a Redeveloper fails to maintain the Redeveloper Improvements.
Reimbursement of Grants. Subject to Paragraph 28 below, Redeveloper agrees to repay the City the grant or grants of funds provided for in Paragraph 12 above in the event Redeveloper fails to substantially complete the Redeveloper’s Private Improvements as provided in Paragraph 10 and, upon such repayment of the of the grant funds, this Agreement shall be null and void in regards to the Redeveloper and the Redeveloper Property. Subject to Paragraph 28 below, in the event the Redeveloper fails to maintain the Redeveloper’s Private Improvements as provided in Paragraph 7 above, then the Redeveloper shall reimburse the City the proportionate share (1/15) of the grant funds provided for in Paragraph 12 above for the year the Redeveloper fails to maintain the Private Improvements.
Reimbursement of Grants. Subject to Section 501 (Remedies) below, Redeveloper agrees to repay the City the grant or grants of funds as provided for in Section 304 (Use of TIF Funds) above in the event Redeveloper fails to substantially complete the Phase One Private Improvements as provided in Section 103.A. above and, upon such repayment of the of the grant funds, this Agreement shall be null and void in regards to the Redeveloper and the Phase One Project Site and the improvements located thereon. Subject to Section 501 (Remedies) below, in the event the Redeveloper fails to maintain the Phase One Private Improvements as provided in Section 106 (Duty to Maintain) above, then the Redeveloper shall reimburse the City the proportionate share (1/15) of the grant funds for said Phase One Private Improvements provided for in Section 303 (Grant of Funds) above, for each year the Redeveloper fails to maintain the Phase One Private Improvements.
Reimbursement of Grants. Subject to Paragraph 24 below, Redeveloper agrees to repay the City the entire amount of the grant or grants of funds provided for in Paragraph 10 above in the event Redeveloper fails to substantially complete the Redeveloper Improvements and Public Improvements as provided in Paragraph 9 and, upon such repayment, this Agreement shall be null and void in regards to the Redeveloper and the Redeveloper Property. Subject to Paragraph 24 below, in the event the Redeveloper fails to maintain the Redeveloper Improvements as provided in Paragraph 6 above, then the Redeveloper shall reimburse the City the proportionate share (1/15) of the Redeveloper’s Percentage of the grant funds provided for in Paragraph 10 above for year the Redeveloper fails to maintain the Redeveloper Improvements. Subject to Paragraph 24 below, in the event the Redeveloper fails to meet the Energy Efficiencies for the Redeveloper Improvements as provided in Paragraph 12 above, then the Redeveloper shall reimburse the City the following applicable proportionate share of the grant funds provided for in Paragraph 10 above for the Energy Efficiencies: • If noncompliant at the end of Year 1, reimburse 20% of the TIF Proceeds devoted to energy efficiencies divided by 15. • If still noncompliant at the end of Year 2, reimburse 40% of the TIF Proceeds devoted to energy efficiencies divided by 15. • If still noncompliant at the end of Year 3, reimburse 60% of the TIF Proceeds devoted to energy efficiencies divided by 15. • If still noncompliant at the end of Year 4, reimburse 80% of the TIF Proceeds devoted to energy efficiencies divided by 15. • If still noncompliant at the end of Year 5, reimburse 100% of the TIF Proceeds devoted to energy efficiencies divided by 15, and for each year for the remainder of the TIF period reimburse 100% of TIF Proceeds devoted to energy efficiencies divided by 15 unless compliance can be demonstrated. For the purposes of this section, Energy Efficiency Compliance shall be measured one year from the date Redeveloper Improvements are substantially completed. If noncompliant, the Redeveloper Improvements shall be re-evaluated for Energy Efficiency Compliance on an annual basis until compliance is demonstrated.
Reimbursement of Grants. Subject to Article VIII (Remedies) below, Developer agrees to repay the City for the aid to construction and any grant or grants of funds to Developer for a Phase as provided for in Section 503. (Use of TIF Proceeds) and Section 505 (Grant of Funds) above in the event Developer is in default and fails to substantially complete the Private Improvements for a Phase as provided in Section 303 C. (Commencement and Completion Deadline for Private Improvements) above and, upon such repayment of the of the grant funds for said Phase, this Redevelopment Agreement shall be null and void with regard to said Phase. Subject to Article VIII (Remedies) below, in the event Developer fails to maintain the Private Improvements for a Phase as provided in Section 306 (Duty to Maintain) above, then said Developer shall reimburse the City 1/15 of the grant funds granted Developer for said Phase as provided for in Section 505 (Grant of Funds) above, for each year a Developer fails to maintain the Private Improvements in said Phase.
Reimbursement of Grants. Subject to Section 1201 (Remedies) below, Redeveloper agrees to repay the City for any grant or grants of funds to Redeveloper as provided for in Section 903 A. (Use of TIF Proceeds) and Section 906 A. (Grant of Funds) above in the event Redeveloper fails to substantially complete the Redeveloper Improvements for any Phase approved by the City as provided above and, upon such repayment of the of the grant funds, this Redevelopment Agreement shall be null and void in regards to Redeveloper’s obligation to construct the Redeveloper Improvements located upon the Project Site for said Phase and for all subsequent phases. Subject to Section 1201 (Remedies) below, in the event Redeveloper fails to maintain the Redeveloper Improvements as provided in Section 406 (Duty to Maintain) above, then said Redeveloper shall reimburse the City the proportionate amount, described as one per year of the applicable tax increment period, of the grant funds granted to Redeveloper for construction of the Redeveloper Improvements as provided for in Section 906 A. (Grant of Funds) above, for each year a Redeveloper fails to maintain the Redeveloper Improvements.
Reimbursement of Grants. Subject to Paragraph 25 below, Redeveloper agrees to repay the City 89.02% (6,486,904/7,286,904) (“Redeveloper’s Percentage”) of the grant or grants of funds provided for in Paragraph 11 above in the event Redeveloper fails to substantially complete the Redeveloper Improvements and Public Improvements as provided in Paragraph 10 and, upon such repayment of the Redeveloper’s Percentage of the grant funds, this Agreement shall be null and void in regards to the Redeveloper and the WRK Property and HR Property. Subject to Paragraph 25 below, Airspace agrees to repay the City 10.98% (800,000/7,286,904) (“Airspace’s Percentage”) of the grant or grants of funds provided for in Paragraph 11 above in the event Airspace fails to substantially complete the Airspace Improvements as provided in Paragraph 10 and, upon such repayment of the Airspace’s Percentage of the grant funds, this Agreement shall be null and void in regards to Airspace and the Airspace Property. Subject to Paragraph 25 below, in the event the Redeveloper fails to maintain the Redeveloper Improvements as provided in Paragraph 7 above, then the Redeveloper shall reimburse the City the proportionate share (1/15) of the Redeveloper’s Percentage of the grant funds provided for in Paragraph 12 above for year the Redeveloper fails to maintain the Redeveloper Improvements. Subject to Paragraph 25 below, in the event the Airspace fails to maintain Airspace Improvements as provided in Paragraph 7 above, then Airspace shall reimburse the City the proportionate share (1/15) of Airspace’s Percentage of the grant funds provided for in Paragraph 11 above for the year Airspace fails to maintain the Airspace Improvements.
Reimbursement of Grants. Subject to Paragraph 27 below, Redeveloper agrees to repay the grant or grants of funds provided for in Paragraph 11 above in the event Redeveloper fails to substantially complete the Private Improvements as provided in Paragraph 10 and, upon such repayment of the grant funds received, this Amended Agreement shall be null and void in regards to the Redeveloper Property. Subject to Paragraph 27 below, in the event Redeveloper fails to maintain the Private Improvements as provided in Paragraph 7 above, then Redeveloper shall reimburse the City the proportionate share (1/15) of the grant funds received as provided for in Paragraph 11 above for year Redeveloper fails to maintain it’s the Private Improvements.
Reimbursement of Grants. Should an enrolled student fail to participate fully in the programme and they are not replaced by another student, the Consortium Coordinator shall have to return part or the totality of the grant to the EACEA. If explicitly required by EACEA, the host institutions shall renounce the funds due, and shall return the corresponding funds to the Consortium Coordinator.
Reimbursement of Grants. Should an enrolled Student fail to participate fully in the Programme and he/she is not replaced by another Student, the Coordinating Institution shall have to return part or the totality of the grant to the EACEA.
