Use of TIF Revenues. The Issuer covenants as follows:
Use of TIF Revenues. Issuer covenants as follows: Upon receipt of Written Request of the Company pursuant to Section 4.3(b) of the Indenture, the Trustee shall distribute sums for Costs of Construction of the Project as those costs are incurred until the Trustee has distributed in the aggregate total amount of Two Million Four Hundred Twenty Five Thousand Dollars ($2,425,000). All of the foregoing is for the benefit of the holders of the 2013 Bonds, to the end that industry and the economy may be diversified and job opportunities promoted and retained, and to secure the 2013 Bonds by pledging the TIF Revenues to the Trustee. (End of Article IV)
Use of TIF Revenues. The Commission covenants as follows:
Use of TIF Revenues. (a) Upon payment of the Bond Issuance Costs pursuant to Section 3.1 and Section 4.4(a) of the Indenture and upon receipt of the Written Request of the Company pursuant to Section 3.1 and Section 4.3(b) of the Indenture, the Trustee shall distribute sums for Costs of Construction of the Project as those costs are incurred until the Trustee has distributed in the aggregate total amount of Dollars ($ ). All of the foregoing is for the benefit of the holders of the Series 2020 Bonds, to the end that industry and the economy may be diversified and job opportunities promoted and retained, and to secure the Series 2020 Bonds by pledging the TIF Revenues to the Trustee.
Use of TIF Revenues. The Issuer covenants as follows: Upon payment of the Bond Issuance Costs pursuant to Section 3.1 and Section 4.4(a) of the Indenture and upon receipt of the Written Request of the Company pursuant to Section 3.1 and Section 4.4(b) of the Indenture, the Trustee shall distribute sums for Costs of Construction of the Project as those costs are incurred until the Trustee has distributed in the aggregate total amount of [Five Million Six Hundred Ninety-two Thousand Dollars ($5,692,000)] with respect to the Series 2022 Bonds. All of the foregoing is for the benefit of the holders of the Series 2022 Bonds, to the end that industry and the economy may be diversified and job opportunities promoted and retained, and to secure the Series 2022 Bonds by pledging the TIF Revenues to the Trustee. The Issuer covenants that, to the extent collected, it will pay the TIF Revenues to the Trustee as provided in Section 4.5 of the Indenture, provided that the Issuer shall have no other obligation to make payments of principal of or interest on the Series 2022 Bonds. Under no circumstances shall the Company be liable to make payments of principal or interest on the Series 2022 Bonds.
