Examples of Economic Development Agreement in a sentence
On November 13, 2018, the Company entered into both an Economic Development Agreement (the “EDA”) and a sublease agreement with Midland Development Corporation.
However, in order to prevent the taxing authorities from being deprived of revenues relating to the Project during the period title thereto is in the Issuer, the Company shall, in consideration of the lease structure and other benefits, make payments in lieu of taxes in accordance with the payment percentages and terms provided in the Economic Development Agreement.
Landlord intends to enter into an Economic Development Agreement by and among Landlord, Rowan Land Resources, LLC, a Delaware limited liability company, and Temple Economic Development Corporation (“TEDC”), a Texas nonprofit corporation (the “Economic Development Agreement”).
The Collateral Assignment of Economic Development Agreement, dated as of the Closing Date, from Borrower in favor of Agent, as the same may be amended, restated, supplemented, consolidated or otherwise modified from time to time, pursuant to which there has been granted to Agent for the benefit of Lenders a security interest in the Cibolo Resort SIDHT.
In connection with the foregoing obligation, TAMUS shall use Diligent Efforts to complete the Facilities and lease the Facilities to TIGM on commercially reasonable terms, taking into account, in establishing such terms, the funding provided by the State to TAMUS under the Economic Development Agreement for TIGM's benefit.