TIF Notes definition

TIF Notes means one or more series of tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act and this Agreement.

TIF Notes means the tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance in substantially the form as set forth in Exhibit E, attached hereto and incorporated herein by reference, to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act, the CID Act and this Agreement.

TIF Notes means one or more series of not to exceed $2,350,000 plus Issuance Costs Tax Increment Revenue Notes (1111 Olive Redevelopment Project), Series 20 -A/B issued by the City pursuant to and subject to the Redevelopment Agreement and this Ordinance in substantially the form set forth in Exhibit B, attached hereto and incorporated herein by reference.

Examples of TIF Notes in a sentence

• During the period that the payments are subject to suspension the EDA may make partial payments on the TIF Notes 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.

• The EDA's suspension of payments on the TIF Notes pursuant to this Section shall not be considered a default under this Agreement.

• 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 Notes.

• Until the TIF Notes are fully paid, such activity must be preceded by written notice from the Developer to the EDA indicating its intention to do so.

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

More Definitions of TIF Notes

TIF Notes means the Tax Increment Limited Revenue Notes, substantially in the form contained in EXHIBIT B, to be delivered by the Authority to the Developer pursuant to Section 3.6(b) hereof and payable from Available Tax Increment received from the TIF District.

TIF Notes means one or more series of not to exceed $2,142,000 plus Issuance Costs Tax Increment Revenue Notes (Laclede Power House Redevelopment Project), Series 200_ issued by the City pursuant to and subject to the Redevelopment Agreement and this Ordinance in substantially the form set forth in Exhibit B, attached hereto and incorporated herein by reference.

TIF Notes means all Phase 1 TIF Notes and Phase 2 TIF Notes, collectively.

TIF Notes means tax increment revenue notes issued by the City pursuant to the Redevelopment Agreement, this Wexford Agreement and the Note Ordinance to evidence the City’s limited obligation to pay RPA-1A(II) Reimbursable Redevelopment Project Costs incurred by the Developer or the Sub- Developer on behalf of the City in accordance with the TIF Act, the Redevelopment Agreement, and this Wexford Agreement.

TIF Notes or “Notes” means one (1) or more tax increment allocation revenue notes in the form of Exhibit C which shall be for a term of twenty (20) years or the number of years left in the Redevelopment Plan, whichever is less, and shall be issued to the Owner. The maximum principal amount of (i) all pay-as-you-go reimbursement, (ii) all TIF Notes issued by the City pursuant to Section 4.3 below and (iii) all Net Bond Proceeds paid to or for the benefit of the Owner, shall not exceed $140,000,000.00, plus applicable interest. To the extent permitted by law, as determined by Bond Counsel, the Owner and the City will make all reasonable efforts to ensure that interest on the TIF Notes is exempt from federal income taxation (which shall include issuing the TIF Notes as one or more smaller revenue notes).

TIF Notes means notes payable to Borrower, Subsidiaries or a Qualifying Investment Affiliate that are issued in connection with Tax Increment Financing Agreements that are related to (i) Deer Run Industrial Park, (ii) the Ford Millennium Project, and (iii) the Chicago International Produce Market.

TIF Notes means the tax increment revenue notes issued by the City pursuant to and subject to this Agreement and the Note Ordinance in substantially the form as set forth in Exhibit E, to evidence the City’s limited obligation to repay Reimbursable Redevelopment Project Costs incurred by the Developer on behalf of the City in accordance with the TIF Act, the CID Act (if District Revenues will be appropriated to the repayment of the TIF Notes pursuant to the District Project Agreement), and this Agreement.