Guaranteed Revenue definition

Guaranteed Revenue means the rate payable to the Bidder under the Agreement for the performance of the Bidder’s Contractual obligations.
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Guaranteed Revenue has the meaning set forth in Clause 8.1
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Guaranteed Revenue means, for Revenue Year 2027 through Revenue Year 2049, annual receipt by the City of net property taxes attributable to the Development Site equal to the sum of (i) the Base Taxes PLUS (ii) the Annual Cost of Funds Payment. The parties agree that the Guaranteed Revenue bears a rational relationship to the City's estimated costs in connection with this Agreement. The Annual Cost of Funds Payment portion of the Guaranteed Revenue is only applicable until the City has been made whole for the Developer Grant (inclusive of borrowing costs) and other costs incurred by TID 16.
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Examples of Guaranteed Revenue in a sentence

  • In the event that the City does not receive the full Guaranteed Revenue amount for any applicable Tax Year, then Developer shall make any applicable Shortfall Payment no later than the Shortfall Payment Deadline (June 1, as stated herein) of such Revenue Year.

  • The obligations of the City and the Developer, including, without limitation, Developer’s obligation to provide City with Guaranteed Revenue or the Clawback Payment as addressed herein, shall survive any sale transfer, assignment or conveyance of the Development Site (or a portion thereof), and shall survive mortgage foreclosure, and bind any subsequent owners in title to the Development Site.

  • This subsection shall be in effect until the completion of the Guaranteed Revenue requirement.


More Definitions of Guaranteed Revenue

Guaranteed Revenue. Guaranteed Revenue shall mean the revenue collected by Contractor through sale of Finished Products and used to directly offset the operating charges for the Program.
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Guaranteed Revenue shall have the meaning set forth in Section 3.1(a).
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Related to Guaranteed Revenue

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranteed analysis means the percentage of plant nutrients or measures of neutralizing capability claimed to be present in a fertilizer.

  • Guaranteed Maximum Price or “GMP” means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.