Common use of RIGHT TO ASSIGN PAYMENT Clause in Contracts

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereof, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoing, the City shall issue a check or other forms of payment made payable only to Developer or its permitted assignee.

Appears in 4 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereof, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoing, the City shall issue a check or other forms of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Funding Agreement

RIGHT TO ASSIGN PAYMENT. Developer The Parties may rely upon the payments to be made to Developer them out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer them out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoing, the City shall issue a check or other forms of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Funding Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer it out of the TIRZ Fund as specified in this Agreement and Developer may collaterally assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Development Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer them out of the TIRZ TIF Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Development Agreement

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RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer them out of the TIRZ Fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Development Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer them out of the TIRZ Fund fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Development Agreement

RIGHT TO ASSIGN PAYMENT. Developer may rely upon the payments to be made to Developer them out of the TIRZ Fund fund as specified in this Agreement and Developer may assign its rights to such payments, either in full or in trust, for the purposes of financing its obligations related to this Agreement as per Section 16.5 hereofAgreement, but the Developer’s right to such payments is subject to the other limitations of this Agreement. Notwithstanding the foregoingforgoing, the City shall issue a check or other forms form of payment made payable only to Developer or its permitted assigneeDeveloper.

Appears in 1 contract

Samples: Development Agreement

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