Financing Cap definition
Examples of Financing Cap in a sentence
Both the Commercial Financing Cap and the Commercial Financing Index shall be agreed to by the parties in the Steering Committee, and shall be adjusted from time to time as agreed to by the parties.
Prior to a Qualifying IPO, the Qualifying Financing Cap Price Per Share and the Mandatory Cap Price Per Share shall be proportionally adjusted to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of the Company’s capital stock.
The Company shall promptly give written notice of each adjustment under Section 5 of the Warrant Price, the number of shares of Warrant Stock or other securities issuable upon exercise of this Warrant, the Qualifying Financing Cap Price Per Share or the Mandatory Cap Price Per Share.
The parties hereby understand and agree that one-hundred percent (100%) of the Incremental Real Property Taxes from Project Area 3 of the Amended TIF District shall be available to Developer for TIF Eligible Expenses, subject to the Public Financing Cap.
Developer has requested that the UG use its home rule authority under Article 12, Section 5 of the Constitution of the State of Kansas to dedicate one-hundred percent (100%) of the Sales Taxes generated within Project Area 3 during the TIF Collection Period (as defined below) for reimbursement to Developer for Project Costs outside of the TIF Act and structure, subject to the Public Financing Cap (the "Local Sales Tax Dedication").
Subject to the terms and conditions of this Agreement, City shall also cause imposition of an additional CID sales tax of nine-tenths percent (0.9%) on the Club Property ("CID #2"), and CID # 2 is not subject to the Public Financing Cap.
Developer has identified certain Project Costs which shall be reimbursed with CID Sales Tax Proceeds if and to the extent that such Project Costs are eligible for reimbursement under this Agreement and have estimates identified on Exhibit E attached hereto (the "CID Eligible Expenses") and are eligible for payment or reimbursement pursuant to the CID Act, subject always to the Public Financing Cap.
Developer has identified certain Project Costs which shall be reimbursed with TIF Proceeds if and to the extent that such Project Costs are eligible for reimbursement under this Agreement and have estimates identified on Exhibit E attached hereto (the "TIF Eligible Expenses") and are eligible for payment or reimbursement pursuant to the TIF Act, subject always to the Public Financing Cap.
The Net Promotional Program Credit Sales exceeding the Promotional Financing Cap (reflected as a dollar amount and calculated as [***]) during the prior twelve (12) month period, will be subject to a Discount Rate.
Except for purposes of the Public Financing Cap, the parties hereby agree that CID and the sales taxes from CID #2 shall be included in the defined terms "CID" and "CID Sales Tax" as and when those terms are used in the Redevelopment Agreement.