Taxpayer Agreement definition

Taxpayer Agreement means the Taxpayer Agreement dated [June 25], 2024, among the Company, the Town and the Redevelopment Commission.

Taxpayer Agreement means an agreement by CR White Aurora LLC (or another person or entity approved by the Redevelopment Commission) guaranteeing the timely payment of the principal of and interest on the Bonds.

Taxpayer Agreement means the Taxpayer Agreement dated , 2024, and attached hereto as Exhibit A, among the Company, the Town and the Commission, whereby Company covenants and agrees to make Taxpayer Payments if and when required under the terms of the Taxpayer Agreement, which covenant shall be the basis of a lien on the Project, as further defined in the Taxpayer Agreement and the Indenture.

Examples of Taxpayer Agreement in a sentence

• Investor Bonds shall be secured by a pledge of all Tax Increment representing the Developer Share and, if necessary to sell the Investor Bonds, by a Debt Service Reserve and/or a Taxpayer Agreement.

• The Taxpayer's limitations and obligations under this Taxpayer Agreement shall terminate and be deemed fully performed and all liability hereunder shall cease after the first to occur of: (a) payment in full of the Bonds (excluding payment of Bonds, in whole or in part, by the issuance of a new obligation or the issuance of refunding bonds); or (b) a period of twenty-five (25) years ("Maximum Term"), beginning on the date of issuance of the Bonds.

• As soon as the Deposit Trustee determines that the deposit required by this Section 5(c) from the sources listed in (i) through (iii) above will not be made, the Deposit Trustee shall provide written notice to the RDC and the Developer of the necessity that the Developer make a taxpayer payment under the Taxpayer Agreement.

• Nothing in this Agreement or the Taxpayer Agreement shall be deemed to release Company from any obligation to pay Real Estate Taxes or Assessments on the Mixed-Use Parcel regardless of when payable or assessed.

• The indemnity provided by this Section 3.5 shall survive the resignation or removal of the Trustee and the termination of the Indenture, the Taxpayer Agreement and this Financing Agreement.

More Definitions of Taxpayer Agreement

Taxpayer Agreement means that certain Taxpayer Agreement executed by the City, the Redevelopment Commission and [X.X. Xxxx Company and/or one or more affiliates or designees thereof], dated as of , 20 .]

Taxpayer Agreement means the agreement described in Section 5.01 hereof.

Taxpayer Agreement shall have the meaning assigned in the Development Agreement.

Taxpayer Agreement means the Taxpayer Agreement and Guaranty, dated as of December 23, 2009, among the Developer, the RDC, and the City of Fishers, Indiana (as successor to the Town of Fishers, Indiana), as amended by a First Amendment to Taxpayer Agreement, dated as of October 5, 2017, and all amendments and supplements thereto.

Taxpayer Agreement means the Taxpayer Agreement dated _______________, 2022 by and among the Company, the Issuer and the Redevelopment Commission attached hereto as Exhibit A.

Taxpayer Agreement as previously defined in the Purchase Agreement, shall hereafter be defined as that certain Taxpayer Agreement (South Commercial Component) dated July 20, 2016, executed by and between CRC and Midtown East Block 3, L.L.C., as amended by that certain First Amendment to Taxpayer Agreement (South Commercial Component) dated as of July 1, 2019, executed by and between CRC and Midtown East Block 3, L.L.C.

Taxpayer Agreement means a minimum taxpayer agreement executed between the Company and the Commission, as permitted by Indiana Code 6-1.1-12.