Net TDD Bond Proceeds definition

Net TDD Bond Proceeds means the proceeds from the sale of the TDD Bonds available to finance the TDD Improvements.
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Examples of Net TDD Bond Proceeds in a sentence

  • Upon issuance of the TDD Bonds, the Net TDD Bond Proceeds shall be disbursed to the Developer by the City or Bond Trustee for the purpose of funding Eligible Expenses in accordance with the terms of this Agreement and the TDD Bond Documents.

  • Upon issuance of the TDD Bonds, the Net TDD Bond Proceeds shall be disbursed by the City or Bond Trustee for the purpose of funding Eligible Expenses in accordance with the terms of this Agreement and the TDD Bond Documents.

  • Upon issuance of the TDD Bonds, the Net TDD Bond Proceeds shall be deposited in the City’s Capital Improvements Fund and shall be dispersed to the Developer for the financing the TDD Improvements.

  • All Net TDD Bond Proceeds deposited in the City’s Capital Improvements Fund shall be used to finance the TDD Improvements, as described in Exhibits C & D.

  • All Net TDD Bond Proceeds shall be used to reimburse the Developer for the cost of financing construction of the TDD Improvements, as described in Exhibit A.