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: Nicha’s Comida Mexicana Project Development Agreement, East Meadow Alley Project Development Agreement, Williams Historical National Museum Project 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 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: Broadway East by Encore Development Agreement, Project 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: Nabors Project Development Agreement, MLK Place Project 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: Broadway Jones Apartments Development Agreement, Village at Roosevelt Project Development 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
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: Healy Murphy Child Development Center Project 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: Alamo Inn
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
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
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: Mobile Food Truck Park Project Development Agreement
