TIF Loan definition

TIF Loan means the loan made to Developer for the purpose of obtaining funds necessary for constructing the Public Infrastructure and other Project improvements to be constructed by Developer, which financing is secured by the TIF Note, and including any renewals, extensions and refinancing of such TIF Loan.
Sample 1
TIF Loan means the loan in the amount of $527,000 loaned to Borrower for the Project by the Lender and the loan made pursuant to this Agreement.
Sample 1
TIF Loan means that certain loan by Marriott to PAID in the principal amount of $10,000,000.
Sample 1

Examples of TIF Loan in a sentence

  • In this case, the Subordinated IZ TIF Loan shall be payable solely from any semi-annual surplus tax increment revenue that remains after first paying the semi-annual payments due on the IZ TIF Note.

  • Borrower(s) will also be required to sign a Small Cap TIF Loan Agreement, Land Use Restriction, Escrow Agreement and Note.

  • In the event that Employer is leasing a significant amount (more than 30% of the net leasable area) of newly-constructed or redeveloped space from a Developer, or Developer constructs a “build to suit” structure that is initially leased and then sold or transferred to Employer, or some other method of property transfer, Developer shall guaranty that tax increments are sufficient to recover the Jobs Project TIF Loan from the date of loan disbursal to Employer.

  • The City of Chicago, the TIF Lender and any guarantor of the TIF Loan shall be named as additional insureds and loss payees.

  • Mayor ATTEST: City Clerk ASSIGNMENT This Assignment is granted by Ironwood Partners, LLC, an Iowa limited liability company ("Borrower"), to and in favor of Horizon Bank, a Nebraska corporation ("Lender") as security for the TIF Loan made by Lender to Borrower effective as of July 1, 2016.

  • Rather than simple consumption measurements, modern services look at: grid import and export (in both kVa and kW), power factor, battery charge and discharge (both household and EV), solar generation, and power quality.

  • The parties agree and understand that the Authority expects to finance the TIF Loan under Section 3.7 hereof.

  • However, in the event that any mortgage loan obtained by the Developer is refinanced, the Authority may, in its sole discretion, review the terms of such refinancing and consent to the refinancing without requiring the payment in full of the outstanding principal amount of the TIF Loan.

  • However, the Authority may use any funds available to the Authority to fund the TIF Loan.

  • The Authority and the Developer agree that principal of the TIF Loan will be subject to repayment in full.


More Definitions of TIF Loan

TIF Loan means a loan made by Xxxxxx County to Borrower pursuant to a Property Tax Increment Agreement between Xxxxxx County and the Borrower in an amount sufficient to result, after the costs of issuance, in Net TIF Proceeds of $1,600,000.00.
Sample 1
TIF Loan means the financing provided by the TIF Lender to the City for reimbursement of certain TIF-Funded Improvement Costs as described in Exhibit H attached hereto.
Sample 1
TIF Loan means the loan in the amount of $1,000,000 loaned to Borrower for the Project by the Lender and the loan made pursuant to this Agreement.
Sample 1

Related to TIF Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan as defined in Section 2.1.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.