TIF Pledge definition

TIF Pledge means the pledge of the Redevelopment Commission of all tax increment generated from the Allocation Area to be deposited into the Allocation Fund.
Sample 1Sample 2Sample 3
TIF Pledge means the pledge of TIF Revenues by the NRDC to the payment of the principal of and interest on the Obligations.
Sample 1

Examples of TIF Pledge in a sentence

  • The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms.

  • The City Bodies shall approve a TIF Pledge by the Redevelopment Commission of one hundred (100%) percent of the tax increment from the Allocation Areas of Area “B” and Area “C”, as shown on Exhibit D, to debt service for the XX Xxxxx and for payment into the Excess TIF Account for the term of the existence of the Allocation Areas or until the Bonds and the Shortfall Reimbursement Amount are paid in full, whichever first occurs.

  • The Issuer represents and warrants that the TIF Pledge Resolution of the Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, to pledge the TIF Revenues and the Taxpayer Payments to repayment of the Bonds.

  • The Local Government Bodies shall, subject to further proceedings required by Law, use their best efforts to cause the approval of the TIF Pledge, thereby providing for repayment of the Obligations with TIF Revenues and also reducing the Developer’s obligations to pay the Deficient Amount if the Obligations are purchased by a third-party lender, but cannot and do not guarantee the outcome of such proceedings.

  • The Redevelopment Commission has pledged the Spring Mill Centre TIF Revenues to the payment of the Bonds pursuant to the TIF Pledge Resolution.

  • The Parties agree that establishing and maintaining the exemptions granted by the TIF Ordinance are critical to the payment of the County TIF Pledge.

  • The Town shall reimburse the Owner for any Taxpayer Payment paid under this Agreement from the TIF Revenues pursuant to Section 3 of the TIF Pledge Resolution from available TIF Revenues.

  • The South Bend Redevelopment Commission (the “Redevelopment Commission”), has, pursuant to Resolution No. (the TIF Pledge Resolution”), pledged the Pledged Revenues to the payment of the Series 20 Bonds.

  • The Redevelopment Commission has pledged the TIF Revenues and Taxpayer Payments to the payment of principal and interest on the Series 2024 Bonds pursuant to the TIF Pledge Resolution.

  • There shall be set aside and deposited in the Reimbursement Account, as and when available, the Pledged TIF Revenues received by the Trustee from the Treasurer of the Issuer on behalf of the Redevelopment Commission on each January 15 and July 15, beginning with January 15, 2013, all as more specifically provided for in the TIF Pledge Resolution.

Related to TIF Pledge

  • Term of Pledge shall refer to the term set forth in Section 3 of this Agreement.

  • Holdings Pledge Agreement means the Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

  • U.S. Pledge Agreement means the pledge agreement substantially in the form of Exhibit 1.01C (it being understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time.

  • Equity Pledge Agreement means the Equity Pledge Agreement dated as of the Issue Date, between the Equity Pledge Guarantors and the Collateral Agent, as amended, restated, modified, supplemented, extended or replaced from time to time.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

  • Company Pledge Agreement means the Company Pledge Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit ------- XIII annexed hereto, as such Company Pledge Agreement may thereafter be amended, ---- supplemented or otherwise modified from time to time.

  • Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both of them;

  • Stock Pledge Agreements means each Stock Pledge Agreement of the Borrower and any of its Subsidiaries in substantially the form of Exhibit 4.1B, as amended, restated or supplemented from time to time.

  • Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Pledge shall have the meaning assigned to such term in Section 14(c).

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Sale or Pledge means a voluntary or involuntary sale, conveyance, assignment, transfer, encumbrance, pledge, grant of option or other transfer or disposal of a legal or beneficial interest, whether direct or indirect.

  • Canadian Pledge Agreement means a pledge agreement in a form to be agreed upon, and to be executed in favor of the Canadian Administrative Agent, for the benefit of the holders of the Canadian Borrower Obligations, by the Canadian Borrower and each Canadian Guarantor, as amended or modified from time to time in accordance with the terms hereof.

  • Parent Pledge Agreement means the parent pledge agreement dated as of the Effective Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower, as amended or modified from time to time in accordance with the terms hereof.

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • State Pledge means the pledge of the State of Michigan as set forth in Section 10n(2) of the Securitization Law.

  • Subsidiary Pledge Agreement means that certain Subsidiary Pledge Agreement, dated as of the Agreement Date in favor of the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Bank, substantially in the form of Exhibit N attached hereto, and shall include any similar agreements executed pursuant to Section 5.10 hereof.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Subsidiary Security Agreement means the Subsidiary Security Agreement executed and delivered by existing Subsidiary Guarantors and Administrative Agent on the Closing Date and to be executed and delivered by any additional Subsidiary Guarantors from time to time thereafter in accordance with subsection 6.8, substantially in the form of Exhibit XVII annexed hereto, as such Subsidiary Security Agreement may be amended, supplemented or otherwise modified from time to time.

  • Account Pledge means, in relation to each Account, a pledge agreement creating security in respect of that Account in the Agreed Form and, in the plural, means all of them;

  • Pledge Subsidiary means (i) each Domestic Subsidiary and (ii) each First Tier Foreign Subsidiary.

  • Initial Pledged Shares means, collectively, with respect to each Pledgor, the issued and outstanding shares of capital stock of each issuer described in Schedule 11 annexed to the Perfection Certificate together with all rights, privileges, authority and powers of such Pledgor relating to such interests in each such issuer or under any Organizational Document of each such issuer, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Initial Pledged Shares.

  • Share Pledge means, in relation to the Borrower and each Vessel Owner, each first priority charge, pledge or mortgage or equivalent over the shares in the Borrower or Vessel Owner (as the case may be) to be given by: (a) in the case of the Borrower, the Guarantor; and (b) in the case of each Vessel Owner, the Borrower, in each case in favor of and in form and substance satisfactory to the Security Trustee and “Share Pledges” means all such share pledges.