Tax Increment Reinvestment Zone No Sample Clauses

Tax Increment Reinvestment Zone No. 1. Upon the Company's demonstration of compliance with Section 1.27 herein, the City shall use its reasonable and best efforts to obtain TIF Revenues, in an amount not to exceed $44,000,000, from Tax Increment Reinvestment Zone No. 1 in accordance with Chapter 311, TEXAS TAX CODE, as amended ("Zone Act"), to the extent Company applies, constructs and demonstrates capital expenditures in compliance with the TIF Project and Financing Plan, Zone Act and City ordinances. Any TIF Revenues shall be paid to Company as reimbursement for construction of lawful project costs, not reimbursed by Net Bond Proceeds, under the Zone Act and, pursuant to the Second Amended and Restated TIF No. 1 Reimbursement Agreement between the City and Company, approved concurrently herewith. This portion of the City Construction Contribution shall only be obtained from TIF Revenues. Should there be insufficient TIF Revenues available, or should any other conditions exist that make it impossible to fund all or any portion of the total, the Company shall have no right to demand the City Construction Contribution from any other funds of the City.
Sample 1
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Tax Increment Reinvestment Zone No. 1. Upon the Company's demonstration of compliance with Section 1.27 herein, the City shall use its reasonable and best efforts to obtain TIF Revenues, in an amount not to exceed $44,000,000, from Tax Increment Reinvestment Zone No. 1 in accordance with Chapter 311, TEXAS TAX CODE, as amended ("Zone Act"), to the extent Company applies, constructs and demonstrates capital expenditures in compliance with the TIF Project and Financing Plan, Zone Act and City ordinances. Any TIF Revenues shall be paid to Company as reimbursement for construction of lawful project costs, not reimbursed by Net Bond Proceeds, under the Zone Act and applicable City resolution, pursuant to athe Second Amended and Restated TIF No. 1 Reimbursement Agreement between the City and Company, substantially in the form attached hereto as Exhibit B, and execute and deliver same as of the Closing Dateapproved concurrently herewith. This portion of the City Construction Contribution shall only be obtained from TIF Revenues. Should there be insufficient TIF Revenues available, or should any other conditions exist that make it impossible to fund all or any portion of the total, the Company shall have no right to demand the City Construction Contribution from any other funds of the City.
Sample 1

Related to Tax Increment Reinvestment Zone No

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Billing Increments Unless otherwise stated in a Service Order, usage-based charges will be billed on either a per-minute or per- message basis. Service calls invoiced on a per-minute basis will have an initial minimum call duration of one (1) minute, subsequent intervals of one (1) minute each, and will be billed by rounding to the next whole minute.

  • Assuming Bank Portfolio Sales of Remaining Single Family Shared-Loss Loans The Assuming Bank shall have the right with the concurrence of the Receiver to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Single Family Shared-Loss Loans held by the Assuming Bank at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Bank exercises its option under this Section 4.1, it must give thirty (30) days notice in writing to the Receiver setting forth the details and schedule for the Portfolio Sale which shall be conducted by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. Sales of Restructured Loans shall be sold in a separate pool from Single Family Shared-Loss Loans not restructured. The Receiver’s review of the Assuming Bank’s proposed Portfolio Sale will be considered in a timely fashion and approval will not be unreasonably withheld, delayed or conditioned.

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • CONCESSION PAYMENT AND INCREASE A. For the Initial Term of the Agreement, Concessionaire shall pay Department a minimum Concession Payment of Eight Hundred ($800.00) Dollars in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • Land Acquisition and Involuntary Resettlement 3. The Borrower shall ensure or cause the Project Executing Agency to ensure that all land and all rights-of-way required for the Project are made available to the Works contractor in accordance with the schedule agreed under the related Works contract and all land acquisition and resettlement activities are implemented in compliance with (a) all applicable laws and regulations of the Borrower relating to land acquisition and involuntary resettlement; (b) the Involuntary Resettlement Safeguards; and (c) all measures and requirements set forth in the RP, and any corrective or preventative actions set forth in the Safeguards Monitoring Report.

  • ANNUAL INCREMENT (1) Staff shall be entitled to an annual increment which shall be negotiated with the Union annually.

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