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.