Tif Notes Sample Clauses

Tif Notes. There are no tax increment allocation financing notes with respect to the Company’s intermodal project in Will County, Illinois outstanding other than (i) the Senior Lien Notes (Tax Increment Allocation Notes, Series 2000 (Xxxx Xxx Xxxxxxxxxx Xxxx Xroject)) issued by the Village of Xxxxxx on November 30, 2003 to Bank of New York, as Trustee under that certain Master Trust Agreement dated as of January 1, 2004 (the “Master Trust Agreement”) as supplemented by that certain Series Trust Agreement dated as of January 1, 2004 (the “Series Trust Agreement and, together with the Master Trust Agreement, the “Trust Agreement”), each by and between CNT Administrator, LLC and Bank of New York , as Master Trustee (the “Master Trustee”) in an original principal amount of $47,326,542.23 (the “2003 Senior TIF Notes”) and (ii) Junior Lien Notes (Tax Increment Allocation Notes, Series 2000 (Xxxx Xxx Xxxxxxxxxx Xxxx Xroject)) issued by the Village of Xxxxxx on November 30, 2003 to CenterPoint Intermodal LLC and CenterPoint Realty Services Corporation in an original principal amount of $63,556,145.77 (the “2003 Junior Lien Notes”). No tender rights certificates evidencing tender rights have been issued with respect to the 2003 Junior Lien Notes. CenterPoint Intermodal LLC has good and marketable title to the 2003 Junior Lien Notes, free and clear of all claims, liens, security interests encumbrances. CNT Administrator LLC has good and marketable title to the Class B Certificates issued to CNT Administrator LLC by the trust created by the Trust Agreement , free and clear of all claims, liens, security interests encumbrances but in all respects subject and subordinate to the right, title and interest of the holders of the Class A Certificates (as defined in the Trust Agreement). There are no tax increment allocation financing notes or payment certificates with respect to the Company’s Village of XxXxxx redevelopment project outstanding.
Sample 1
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Tif Notes. (a) The Village hereby agrees to issue, authenticate and deliver to the Developer or its registered assigns, in exchange for the payment or incurrence by Developer or any Affiliate thereof of Economic Development Project Costs evidenced as described in this Section 4.02 and the Term Sheet attached as Exhibit D to the Annexation Agreement, one or more TIF Note(s) or series of TIF Note(s) in an aggregate original principal amount equal to sum of (i) $100,000,000 plus (ii) any cost of the Road Projects paid by Developer or an Affiliate which exceeds $5,500,000 plus (iii) any cost of the Base Water and Sewer System not funded with the DCCA Loan plus (iv) any other costs mutually agreed to between the Village and Developer (the "Initial Original Principal Amount"); provided, however, any increase described in clause (ii) shall not exceed $18,000,000 and the aggregate increase described in clauses (ii) and (iii) shall not exceed $25,000,000. The Village agrees to issue one or more TIF Note(s) or series of TIF Note(s) subject to the above limitation in aggregate original principal amount and such TIF Notes shall be deemed purchased by Developer by the payment or incurrence of the Economic Development Project Costs which shall be evidenced as provided in Section 4.02 hereof. The principal amount of the TIF Note(s) shall accrete and appreciate at ten percent (10%) per annum, compounded semi-annually until the earlier of the Interest Commencement Date or the date interest accrued on the TIF Notes on a current (semi-annual basis).
Sample 1
Tif Notes 
Sample 1

Related to Tif Notes

  • Notes If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans.

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Class A Notes On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2018-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2018-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2018-1 Rapid Amortization Period.

  • Fixed Rate Notes If this Note is specified on the face hereof as a “Fixed Rate Note”:

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • New Notes For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders for the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective original Note, (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes and (4) if Note A-1 is severed into “component” notes, another note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Designated Holder” and “Directing Holder” and the definitions of “Lead Note” and “Lead Securitization” and “Non-Directing Holder” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation or split.

  • Replacement Notes If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. Every replacement Note is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

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