Examples of Tax Increments in a sentence
The EDA makes no representation or covenant, expressed or implied, that the Tax Increments will be sufficient to pay, in whole or in part, the amounts which are or may become due and payable hereunder.
This Note is not a general obligation of the City of Maple Grove, Minnesota (the "City") and neither the full faith and credit nor the taxing powers of the City are pledged to the payment of the principal of this Note and no property or other asset of the EDA, save and except the above-referenced Tax Increments, is or shall be a source of payment of the EDA's obligations hereunder.
On each Payment Date the EDA shall pay by check or draft mailed to the person that was the Registered Owner of this Note at the close of the last business day of the EDA preceding such Payment Date an amount equal to the sum of the Tax Increments (hereinafter defined) received by the EDA during the six-month period preceding such Payment Date.
This Note is not a general obligation of the City and neither the full faith and credit nor the taxing powers of the City are pledged to the payment of the principal of this Note and no property or other asset of the City, save and except the above-referenced Tax Increments, is or shall be a source of payment of the City's obligations hereunder.
The City’s payment obligations hereunder are subject to appropriation, by the City’s Common Council, of Tax Increments or other amounts to make payments due on this MRO.