Common use of Tax Increment Period Clause in Contracts

Tax Increment Period. During the tax increment period, Redeveloper shall maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value, allowing for reasonable coinsurance clauses and deductibles and also subject to the Redeveloper obligation to use good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, diligently pursuing the same to completion.

Tax Increment Period. During the tax increment period, Redeveloper or the tenant in possession shall be subject to an enforceable obligation to maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value, allowing for reasonable coinsurance clauses and deductibles and also subject to the Redeveloper or tenant’s obligation to use good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine (9) months from the date of the damage or destruction, diligently pursuing the same to completion.

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

Tax Increment Period. During the tax increment period, Redeveloper shall maintain property insurance on an extended coverage all-risk basis in an amount not less than the replacement value, allowing for reasonable coinsurance clauses and deductibles and also subject to the Redeveloper obligation to use good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine (9) months from the date of the damage or destruction, diligently pursuing the same to completion.