Common use of TIF Revenues Clause in Contracts

TIF Revenues. The Chief Financial Officer of the Issuer shall set aside immediately upon receipt the TIF Revenues into the Issuer's Allocation Fund as created by IC 36- 7-14. On or before each January 15 and July 15 commencing with , the Issuer shall transfer from the Issuer's allocation funds referenced in this Section to the Trustee, all TIF Revenues received. The Trustee is hereby directed to deposit to the Bond Fund on each January 15 and July 15 all TIF Revenues received and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used, without any further action or authorization, to optionally redeem, on such February 1 or August 1, the outstanding Bonds in accordance with Section 5.1 hereof.

Appears in 1 contract

Samples: Trust Indenture

AutoNDA by SimpleDocs

TIF Revenues. The Chief Financial Officer Clerk-Treasurer of the Issuer shall set aside immediately upon receipt the TIF Revenues into the Issuer's Allocation Fund as created by IC 36- 36-7-14. On or before each January 15 and July 15 commencing with 15, 20 , the Issuer shall transfer from the Issuer's allocation funds referenced in this Section Allocation Fund to the Trustee, all TIF Revenues received. The Trustee is hereby directed to deposit transfer to the Bond Fund on each January 15 and July 15 all TIF Revenues received received, and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used, without any further action or authorization, used to optionally redeem, on such February 1 January 15 or August 1July 15, the outstanding Bonds in accordance with Section 5.1 hereof, or by the Issuer for such other lawful purposes for which the Issuer receives the prior written consent of the Company.

Appears in 1 contract

Samples: Trust Indenture

TIF Revenues. The Chief Financial Officer Director of Finance and Records of the Issuer shall set aside immediately upon receipt the TIF Revenues into the Issuer's Allocation Fund as created by IC 36- 36-7-14. On or before each January 15 and July 15 commencing with 15, 202 , the Issuer shall transfer from the Issuer's allocation funds referenced in this Section to the Trustee, all TIF Revenues received. The Trustee is hereby directed to deposit to the Bond Fund on each January 15 and July 15 all TIF Revenues received and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used, without any further action or authorization, to optionally redeem, on such February 1 or August 1, the outstanding Bonds in accordance with Section 5.1 hereof.

Appears in 1 contract

Samples: Trust Indenture

AutoNDA by SimpleDocs

TIF Revenues. The Chief Financial Officer of the Issuer shall set aside immediately upon receipt the TIF Revenues into the Issuer's Allocation Fund as created by IC 36- 36-7-14. On or before each January 15 and July 15 commencing with 15, 202 , the Issuer shall transfer from the Issuer's allocation funds referenced in this Section to the Trustee, all TIF Revenues received. The Trustee is hereby directed to deposit to the Bond Fund on each January 15 and July 15 all TIF Revenues received and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used, without any further action or authorization, to optionally redeem, on such February 1 or August 1, the outstanding Bonds in accordance with Section 5.1 hereof.

Appears in 1 contract

Samples: Trust Indenture

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!