Examples of TDD Project in a sentence
Developer has identified certain TDD Project Costs which may be paid with TDD Sales Tax Proceeds if and to the extent that such TDD Project Costs are: (i) agreed- upon by the parties and identified on Exhibit P attached hereto for the TDD District (the "TDD Project Costs"), and (ii) eligible for payment or reimbursement pursuant to the TDD Act.
Subject to the terms and conditions of this Agreement, the portion of the CID Project Costs relating to the CID District shall be reimbursed in whole or in part with CID Bonds and the portion of the TDD Project Costs relating to the TDD District shall be reimbursed in part with Pay-As-You-Go TDD Financing.
Subject to Article IV of this Agreement, CID Assessments shall be used to reimburse Developer for CID Project Costs, TDD Sales Tax shall be used to reimburse Developer for TDD Project Costs, and City Funds shall be used to pay for the Xxxxxxx Improvement Costs, all as estimated in Exhibits O, P and Q, respectively, and in all events in accordance with the terms of this Agreement.
In no event will the reimbursement described hereunder with respect to any CID Project Costs or TDD Project Costs exceed any applicable limitations set forth in this Agreement.
In exercising its rights hereunder, the City shall use reasonable efforts to avoid unreasonable interference with the operation of the TDD Project.
Developer may make additions, alterations and changes to the Project so long as such additions, alterations and changes are made in compliance with all Applicable Laws and Requirements, this Agreement, the Development Plan, and as long as the same do not materially adversely affect the value of the TDD Project or Developer's ability to perform its obligations under this Agreement, or generate TDD Sales Taxes within the District.
The parties agree that the TDD Project shall be constructed in multiple phases (each a "Phase" or collectively "Phases").
The City and Developer hereby agree that the TDD Project consists of the development of the District, which includes the TDD Improvements (as defined in Section 2.04 hereof) and the other components of the TDD Project described herein and as set forth on the project description and drawings attached hereto and incorporated by reference herein as Exhibit F.
In addition, the Construction Documents, and any other contracts for the design, development, acquisition, construction and completion of the TDD Project, as well as all other contracts or agreements respecting the TDD Project, shall comply and conform to all Applicable Laws and Requirements.
During the Term, Developer hereby recognizes, acknowledges and agrees that the City, and its duly authorized representatives and agents, shall have the right to enter the portions of the TDD Project at reasonable times and upon reasonable notice, to substantiate compliance with this Agreement or, to the extent Developer has failed to cure any breach within applicable notice and cure periods, to cure any defaults under this Agreement.