Common use of TIF Revenue Shortfalls Clause in Contracts

TIF Revenue Shortfalls. In the event Pledged TIF Revenues are insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF Revenues. Such shortfall amounts payable to Developer will not bear interest.

TIF Revenue Shortfalls. In the event Pledged TIF Revenues are insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF RevenuesRevenues as of the date such payment should have been made. Such shortfall amounts payable to Developer will not bear interest.

TIF Revenue Shortfalls. In the event Pledged TIF Revenues are are, in any given period, insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF RevenuesRevenues during the Bond Term. Such shortfall amounts payable In the event and to the extent the Developer or any affiliate makes any payment on the Bonds, the Developer or such affiliate will not bear interest.be subrogated to the rights of the Commission to receive Pledged TIF Revenues in excess of

TIF Revenue Shortfalls. In the event Pledged TIF Revenues are are, in any given period, insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF RevenuesRevenues during the Bond Term. Such shortfall amounts payable In the event and to the extent the Developer or any affiliate makes any payment on the Bonds, the Developer or such affiliate will not bear interest.be subrogated