TAD Financing definition

TAD Financing means a Plan of Finance, contemplated in the Conceptual Plan, that involves TAD Increment which the City, in its sole discretion, has approved. Any TAD Financing shall not constitute indebtedness of the City and shall be payable solely from revenues pledged therefor by the City. This Agreement shall not be construed to obligate the City to issue bonds, incur debt or any other financial obligation of any kind, or to pledge or provide revenues generated from any source other than (subject to City approval) the TAD Increment.
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TAD Financing means those certain TAD Bonds, notes or other obligations issued by the City in accordance with O.C.G.A. § 36-44-3(12) or funds borrowed from financial institutions in accordance with O.C.G.A. § 36-44-16 of the Redevelopment Powers Law with respect to the TAD, that the City may issue or borrow as necessary to implement the provisions of the Redevelopment Plan, as provided in the City Resolution, which may include one or more series of bonds, notes or other obligations and which may be issued at one or more times.
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TAD Financing means those certain “Tax Allocation Bonds”, notes, other obligations or forms of financing issued by the City as defined in O.C.G.A. Section 36-44-3(12) of the Redevelopment Powers Law with respect to the New Town Center TAD that the City has issued since the TAD was formed (See Exhibit C for a summary of drawdowns from the Urban Redevelopment Agency of the City of Holly Springs, Georgia Revenue Bond Series 2019 through 2021) and/or may issue in the future as necessary to implement the provisions of the Redevelopment Plan, as provided in the City Resolution, which may include one or more series of bonds, notes or other obligations and which may be issued at one or more times within the term of this agreement, and which may be repaid in full or in part with Tax Allocation Increments generated within the New Town Center TAD.
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Examples of TAD Financing in a sentence

  • The City intends to authorize the issuance of TAD bonds or other authorized means of TAD Financing as may be necessary to implement provisions of the Redevelopment Plan.

  • To the best of the knowledge of the Gateway CID, all factual statements set forth in the representations and warranties of the Gateway CID in this Agreement or any schedule, exhibit, certificate or document prepared by the Gateway CID pursuant to the provisions of this Agreement are true in all material respects as of the Effective Date and will be true and accurate in all material respects as of the date of issuance and delivery of TAD Financing.

  • The authority to determine whether a Material Modification would impact the amount of any TAD Financing allocated to a Community Subproject shall rest solely with the City.

  • All factual statements set forth in the representations and warranties of the Developer in this Agreement, or any schedule, exhibit, certificate or document prepared by the Developer pursuant to the provisions of this Agreement, are true in all material respects as of the Effective Date and will be true and accurate in all material respects as of the date of execution of any Phase Agreement, and the date of any Subproject Financing, including the closing of any TAD Financing.

  • The City and the Developer agree that the reimbursement under this ARTICLE 9 will be paid directly or indirectly (as from the proceeds of a TAD Financing funded from such Tax Allocation Increment) solely, and to the extent available, from the Tax Allocation Increment deposited into the TAD Fund (i.e., the special fund into which Tax Allocation Increment is required to be deposited pursuant to the provisions of the Redevelopment Powers Law).

  • The aggregate principal amount of any and all TAD Bonds or Other TAD Financing issued with respect to the TAD shall not exceed $46,350,000 without the County’s express written consent.

  • If a TAD Financing has been issued and continues to be outstanding, the County shall have the option to revoke its consent to the inclusion of its ad valorem taxes on real property within the TAD as security for the issuance of any future TAD Financings.

  • All projects financed with the proceeds of the Tax Allocation Increment or any TAD Financing shall meet all relevant local, County and State building standards and requirements, and all construction contracts entered into in connection therewith shall comply with the County’s First Source Jobs Ordinance, Code of DeKalb County, as revised, 1988, §2-231 et seq.

  • In the event that the City’s costs of administration exceed 2% of the proceeds of any associated TAD Financing, no portion of the County’s tax increment shall be used to fund the administrative costs which are other than out-of-pocket costs directly related to the installation of public infrastructure projects, which are not documented and verified to the satisfaction of the TAD Advisory Committee, or which exceed of 2% of the proceeds of the associated TAD Financing.

  • By no later than December 31, 2021 (the “ Compliance Date”), either (i) the City shall have issued a TAD Financing or (ii) the Commencement of Significant Construction of the Projects shall have commenced.


More Definitions of TAD Financing

TAD Financing means XXX Xxxxx issued by the City in accordance with O.C.G.A. §36-44-3(12), funds borrowed from financial institutions in accordance with O.C.G.A. §36-44-16 or revenue bonds issued by the City pursuant to O.C.G.A. §36-44-13(3) with respect to the Downtown Lilburn TAD #2, that the City may issue or borrow as necessary to implement the provisions of the Redevelopment Plan, as provided in the City Resolution, which may include one or more series of bonds, notes or other obligations and which may be issued at one or more times.
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Related to TAD Financing

  • New Financing has the meaning specified in Section 2.04(a).

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Bridge Financing has meaning set forth in Section 7.6.

  • Permitted Financing means (i) the Company’s issuance of Common Stock and warrants therefore in connection with a merger and/or acquisition or consolidation, (ii) the issuance of shares of Common Stock or warrants therefore in connection with strategic license agreements so long as such issuances are not for the purpose of raising capital, (iii) the Company’s issuance of Common Stock or the issuance or grants of options to purchase Common Stock pursuant to the Company’s stock option plans and employee stock purchase plans as they now exist, and (iv) the issuance of Common Stock upon the exercise or conversion of any securities outstanding on the date hereof.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Exit Financing means the financing under the Exit Facility.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Real estate related financial transaction means any transaction involving:

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • Other Financing shall have the meaning assigned to such term in Section 5.6(ii) hereof.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Financings has the meaning ascribed to it in the preamble.

  • Bridge means a structure including supports erected over a depression or an obstruction, such as water, a highway, or a railway, for the purposes of carrying traffic or other moving loads, and having an opening measuring along the center of the roadway of more than 20 feet between undercopings of abutments or spring lines of arches, or extreme ends of openings for multiple boxes where the clear distance between openings is less than 1/2 of the smaller contiguous opening.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (a) the Board of Directors shall have determined in good faith that such Qualified Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and the Securitization Subsidiary, (b) all sales of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Issuer) and (c) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Issuer) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Issuer or any of its Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under the Credit Agreement and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.