Special Assessment: County’s Agreement and Assignment Sample Clauses

Special Assessment: County’s Agreement and Assignment. (1) The County Executive or other officer responsible for proposing the County’s budget to the Board of Supervisors shall propose payments to the CDA to be derived from such Annual Installment in the County’s budget for each fiscal year any Bonds are outstanding; provided, however, that with respect to the Tax Revenue Bonds, any collection and payment of the Annual Installment attributable to the Tax Revenue Bonds from revenues derived from Special Assessments shall be made only to the extent that County Advanced Revenues are not available for such purpose as set forth in paragraph 5(c) herein. The County agrees that so long as the Bonds are outstanding the County will collect the Annual Installment and pay the amounts received thereunder to the Trustee, subject to appropriation each year by the Board. To the extent permitted by law, the County pledges and assigns all of its right, title and interest in the Annual Installment to the CDA, except amounts that may be retained by the County to pay administrative costs, as described in paragraph 5(m) below. The CDA, in turn, will pledge and assign all of its right, title and interest in the Annual Installment, except for amounts segregated for other Costs, to the appropriate Trustee to make debt service payments on the Bonds and, if necessary, to Fully Fund the Tax Revenue Bond DSRF. The County agrees to pay the amounts received from each Annual Installment directly to the Trustee, provided, however, that the County need not pay over to the Trustee any portion of an Annual Installment to be retained by the County to pay its administrative costs as described in paragraph 5(n) below. The Annual Installment assigned to the Trustee by the County includes any payments from foreclosures, less costs of collection, but excludes County administrative costs described in paragraph 5(m) below. (2) The County’s obligation to make payments to the Trustee of the Annual Installment shall not be deemed to be a general obligation of the County, shall be payable solely from payments of the Annual Installment received by the County and shall be subject to and dependent on appropriations being made from time to time of the Annual Installment by the Board of Supervisors for such purpose.
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Related to Special Assessment: County’s Agreement and Assignment

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  • Amendment and Assignment of Agreement This Agreement may not be amended or assigned without the affirmative vote of a majority of the outstanding voting securities of the Fund, and this Agreement shall automatically and immediately terminate in the event of its assignment.

  • Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.

  • SUBLEASING AND ASSIGNMENT The Sublessee may not lease, sublease, or assign the Premises without the prior written consent of the Sublessor.

  • Enurement and Assignment This Agreement shall enure to the benefit of the parties hereto and their respective successors and permitted assigns and shall be binding upon the parties hereto and their respective successors. This Agreement may not be assigned by any party hereto without the prior written consent of each of the other parties hereto.

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  • SUBCONTRACT AND ASSIGNMENT This Agreement binds the heirs, successors, assigns and representatives of the Contractor. The Contractor shall not enter into subcontracts for any work contemplated under this Agreement and shall not assign this Agreement or monies due or to become due, without the prior written consent of the General Manager of the Agency or his designee, subject to any required state or federal approval. (Note: list any subcontractors here)

  • Assignment and Assumption of Lease The Assignment and Assumption ---------------------------------- of Lease;

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