Developer Funding Agreement definition

Developer Funding Agreement means, if applicable, one or more developer capital funding agreements between the Issuer and the Developer, pursuant to which the Developer agrees to advance moneys, from time to time, to the Issuer for deposit into the appropriate Account of the Acquisition and Construction Fund, so that there are sufficient moneys on deposit therein (taking into account proceeds from the applicable Series of Bonds) to complete the Project. Any obligation on the part of the Issuer to repay such advances made by the Developer shall be subordinate to the payment of the Bonds.

Developer Funding Agreement means such funding agreement or agreements relating to the Developer Funding on such terms and in such form or forms as shall be acceptable to the Developer (acting reasonably)

Developer Funding Agreement means, if applicable, one or more developer capital funding agreements between the Issuer and the Developer, pursuant to which the Developer agrees to advance moneys, from time to time, to the Issuer for deposit into the appropriate Account of the Acquisition and Construction Fund, so that there are sufficient moneys on deposit therein (taking into account proceeds from the applicable Series of Bonds) to complete the Project. Any obligation on the part of the Issuer to repay such advances made by the Developer shall be subordinate to the payment of the Bonds and will constitute Deferred Obligations.

Examples of Developer Funding Agreement in a sentence

• Sub-Section 2 is the Consideration of the Developer Funding Agreement.

• Description of Agreements with Developer: Funding Agreement between TIFC and Kansas City Downtown Hotel Group LLC 5/22/92.

• A Developer Funding Agreement shall have been executed substantially in the form attached hereto as Exhibit B with respect to any costs and expenses not covered by a previously-executed Developer Funding Agreement, unless developer advances are not required to fund such planning, financing, acquisition and construction.

• Description of Agreements with Developer: Funding Agreement with 11th Street Corridor Development Corp.

• On MOTION by Mr. Shapiro, seconded by Ms. Mason, with all in favor, the Developer Funding Agreement and Authorization for Staff to Work with Brooklane and Lennar on Agreement based on Split of Ownership, was approved in substantial form.

• Description of Agreements with the Developer: Funding Agreement between TIFC and Briarcliff West Development Company 9/25/90; First Amended and Restated Contract between TIFC and Briarcliff West Development Company 6/30/94; Funding Agreement between Missouri Rental Machinery, Inc.

• These dates will be included in the Developer Funding Agreement and will be revised only with the consent of the Department of Housing.

• Appropriations There is hereby appropriated out of the revenues of the Eagle Ridge Community Development District, for the fiscal year beginning October 1, 2020, and ending September 30, 2021, the sum of $ to be funded per the Developer Funding Agreement for Fiscal Year 2021, executed on August 4, 2020.

• On MOTION by Mr. Franklin seconded by Mr. Owen with all in favor, the Fiscal Year 2018-2019 Developer Funding Agreement, was approved.

• Meridion did not enter into a Developer Funding Agreement with Daniels with respect to the Block 32 Project, as the project was transferred to another contractor following the appointment of the Interim Receiver.

More Definitions of Developer Funding Agreement

Developer Funding Agreement means, if applicable, one or more developer capital funding agreements between the Issuer and the applicable developer entity, pursuant to which the developer entity agrees to advance, from time to time, sufficient moneys (taking into account proceeds from the applicable Series of Bonds) for cost of issuance or to complete the Project. Any obligation on the part of the Issuer to repay such advances shall be subordinate to the payment of the Bonds.