Examples of Reimbursement Costs in a sentence
Columbus, Developer will cooperate as provided in this Agreement in order to ensure that Tax Allocation Increment generated by the Riverfront Place Project in the Uptown TAD are collected and deposited into the Tax Allocation District #3 Fund in accordance with the terms of this Agreement, thereby permitting reimbursement of Reimbursement Costs advanced by Developer in connection with the TAD Project as contemplated by this Agreement.
The construction for which Reimbursement Costs are included in any Requisition must be reviewed and approved by Xxxxxxxx or its appointed consultant to verify the issuance of approval of the construction as required by law, the cost of completed construction, and compliance with the Plans as required by law, such review to be promptly performed and such approval not to be unreasonably withheld, conditioned or delayed.
The total Reimbursement Costs over the term of the agreement shall not exceed $52,000,000.00, and no annual requisition/invoice shall exceed $2,900,041.
This Agreement will commence on the Effective Date and will terminate on the earlier to occur of the date on which all Reimbursement Costs for the TAD Project have been fully reimbursed to Developer as listed in Schedule D-2 from the Tax Allocation District #3 Fund or twenty-five (25) years after the Effective Date.