TIF Note definition

TIF Note means a Tax Increment Revenue Note, substantially in the form attached hereto as EXHIBIT B, to be delivered by the Authority to the Developer pursuant to Section 3.4 hereof, and any obligation issued to refund the TIF Note.

TIF Note means the Tax Increment Revenue Note (Arbor Lakes Building 7 Project) to be executed by the EDA and delivered to the Developer pursuant to Article III hereof, the form of which is attached hereto as Exhibit B; and Unavoidable Delays means delays, outside the control of the party claiming its occurrence, which are the direct result of strikes, other labor troubles, public health emergencies, pandemics, endemics, unusually severe or prolonged bad weather, acts of God, fire or other casualty to the Project, wars, blockades, insurrections, riots, litigation commenced by third parties which, by injunction or other similar judicial action or by the exercise of reasonable discretion, directly results in delays, or acts of any federal, state or local governmental unit (other than the EDA) which directly result in delays.

TIF Note means the Tax Increment Revenue Note (Shoreview Ridge LLC Apartments Project) to be executed by the City and delivered to the Developer pursuant to Article III hereof, the form of which is attached hereto as Exhibit B; and Unavoidable Delays means delays, outside the control of the party claiming its occurrence, which are the direct result of strikes, other labor troubles, unusually severe or prolonged bad weather, acts of God, fire or other casualty to the Project, litigation commenced by third parties which, by injunction or other similar judicial action or by the exercise of reasonable discretion, directly results in delays, or acts of any federal, state or local governmental unit (other than the City) which directly result in delays.

Examples of TIF Note in a sentence

• The TIF Note may only be assigned pursuant to the terms of the TIF Note.

• During the period that the payments are subject to suspension the EDA may make partial payments on the TIF Note if it determines, in its sole and absolute discretion that the amount retained will be sufficient to cover any repayment which the County may require.

• Upon receiving such notice, or otherwise learning of the Developer's intentions, the EDA may suspend payments due under the TIF Note until the actual amount of the reduction is determined, whereupon the EDA will make the suspended payments less any amount that the EDA is required to repay the County as a result of any reduction in market value of the Development Property.

• Upon termination of this Agreement pursuant to this Article V, the Developer shall be free to proceed with the Project at its own expense and without regard to the provisions of this Agreement; provided, however, that the EDA shall have no further obligations to the Developer with respect to reimbursement of the expenses set forth in Section 3.2; or to make any further payments on the TIF Note.

• At the time of completion of construction of the Project, if the aggregate amount of the total development costs of the Project incurred is less than the aggregate amount of the total development costs of the Project projected in Exhibit E, the TIF assistance for the costs of the Development Property will be reduced on a dollar for dollar basis in the amount of such deficiency and the principal amount of the TIF Note will be adjusted accordingly.

More Definitions of TIF Note

TIF Note means a limited revenue tax increment financing note (“pay-as-you-go” note) to be issued by DEDA to the Developer pursuant to Article VIII of this Agreement in substantially the form of that attached hereto as Exhibit D.

TIF Note means the Tax Increment Limited Revenue Note, substantially in the form contained in Schedule A attached to the Authorizing Resolution, to be delivered by the Authority to the Developer pursuant to Section 3.4(a) hereof and payable from Available Tax Increment received from the TIF District.

TIF Note means the Taxable Tax Increment Revenue Note (Wiha Tools Project), substantially in the form attached hereto as Exhibit B, to be delivered by the City to the Developer in accordance with Sections 3.1 and 3.2 hereof.

TIF Note means the Tax Increment Revenue Note (Oasis at Twin Lakes Project), as shown in Exhibit A of the Authorizing Resolution set forth in Schedule B attached hereto.

TIF Note means the Tax Increment Revenue Note (Xxxxxxxx Properties #630, LLC Project) to be executed by the City and delivered to the Developer pursuant to Article III hereof, the form of which is attached hereto as Exhibit B; and Unavoidable Delays means delays, outside the control of the party claiming its occurrence, which are the result of strikes, other labor troubles, unusually severe or prolonged bad weather, acts of God, global pandemic (including the current pandemic known as COVID-19), epidemic, fire or other casualty to the Project, litigation commenced by third parties which, by injunction or other similar judicial action or by the exercise of reasonable discretion, results in delays, or acts of any federal, state or local governmental unit other than the City.

TIF Note means the Taxable Tax Increment Revenue Note (Headwaters Apartment Project), substantially in the form contained in the Authorizing Resolution, to be delivered by the City to the Developer in accordance with Section 3.9(a) hereof.

TIF Note the pay-as-you-go note designated as the Tax Increment Revenue Note, Series 2018, dated , 2018, issued by the Authority in the maximum principal amount of $3,648,000 in favor of the Borrower and pledged by the Borrower to the Trustee, at the direction of the Borrower, pursuant to the Loan Agreement and the Security Agreement to secure the Subordinate Bonds. Title: Commercial Partners Title, LLC, a Minnesota limited liability company, its successors and assigns. Treasury Regulations: the regulations promulgated under the Code.