Common use of Use of Other Tax Increments Clause in Contracts

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs), and the City shall have no obligations to Developer with respect to the use thereof.

Use of Other Tax Increments. The Subject to this Article VII, City shall be free to use any and all Tax Increments above and beyond the percentages to be given to Developer in this Agreement, or any available Tax Increments in excess of the maximum amount in Section 8.1(c) or resulting from the suspension or termination of the Economic Development Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs)Act, and the City shall have no obligations to Developer with respect to the use thereof.

Use of Other Tax Increments. The City shall be free to use any and all Tax Increments above and beyond the percentages dollar amount to be given to Developer in this Agreement, or any available Tax Increments resulting from the suspension or termination of the Economic Development Stabilization and Transition Grants, for any purpose for which the Tax Increments may lawfully be used pursuant to the provisions of the Urban Renewal Act (including an allocation of all or any portion thereof to the reduction of any eligible City costs), and the City shall have no obligations to Developer with respect to the use thereof.