Common use of Tax Increment Period Clause in Contracts

Tax Increment Period. During the Tax Increment Period for the New Building, Redeveloper agrees to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall pursue the same to completion.

Tax Increment Period. During the Tax Increment Period for the New Building, and so long as the Revenue Bond remains outstanding whichever is greater in duration, Redeveloper agrees to maintain property insurance on an extended coverage all-risk all -risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall pursue the same to completion.

Tax Increment Period. During the Tax Increment Period for the New Building, and so long as the Revenue Bond remains outstanding whichever is greater in duration, Redeveloper agrees to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall pursue the same to completion.

Tax Increment Period. During the Tax Increment Period for the New Building, Redeveloper agrees to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, subject to materials and supplies availability, and shall pursue the same to completion.

Tax Increment Period. During the Tax Increment Period for the New Building, Redeveloper agrees to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, destruction and shall pursue the same to completion.

Tax Increment Period. During the Tax Increment Period for the New Building48th & Holdrege Project, Redeveloper agrees to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. Redeveloper agrees to use good faith efforts to commence restoration of the New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall pursue the same to completion.