Tax Increment Fund. The City has established and will maintain a separate Tax Increment Fund in the City treasury into which Tax Increments attributable to the Zone shall be deposited. During the term of this Agreement, Tax Increments shall be paid to the District from the Tax Increment Fund as herein provided.
Tax Increment Fund. The Agency may designate a trustee for payments to be made hereunder upon notice to all parties hereto (the "Tax Increment Trustee"). The Tax Increment Trustee shall establish and maintain a fund (the "Tax Increment Fund"), into which the Tax Increment Trustee shall deposit all payments made to it pursuant to this Full Tax Agreement and any other amounts required or permitted to be deposited therein pursuant to the provisions hereof. All moneys due and to become due to the Tax Increment Trustee under or pursuant to the Full Tax Agreement shall be paid directly to the Tax Increment Trustee by wire transfer, or at such other address as the Agency may designate to the Company in writing from time to time. Immediately upon their receipt by the Tax Increment Trustee, the proceeds of any Full Tax Payments and Increment Payments (the "Increment Receipts") required by this Full Tax Agreement shall be deposited to the Tax Increment Fund. Increment Receipts deposited to the Tax Increment Fund while FTA Bonds are outstanding shall be transferred for the following purposes in order of priority in which listed: Tax Increment Trustee fees and expenses, payments of debt service and reserves on the FTA Bonds, payments of debt service and reserves on the Subordinate Bonds.
Tax Increment Fund
