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.
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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

  • It has received, read and had an opportunity to comment upon the Indenture, the Series 2022 Bonds, the TIF Pledge Resolution ("TIF Resolution") and the Financing Agreement.

  • 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 Redevelopment Commission reserves the right to authorize and issue additional obligations payable from the Pledged Revenues on a parity with the pledge thereof to the bonds of the issue of which this Series 20 Bond is a part, subject to satisfaction of the conditions set forth in the TIF Pledge Resolution.

  • 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.

  • In accordance with the Indenture, the Series 20 Bonds, if and when issued, shall be payable solely and only from Pledged Revenues as pledged by the Redevelopment Commission pursuant to the TIF Pledge Resolution.

  • Consider TIF Pledge for General Obligation Urban Renewal Bonds Series B.

  • 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 ED Bonds 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.

  • I didn’t stick with it long enough to know whether I was any good or not.

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

  • Motion carried with Ketelsen, Marcus, Hasenmiller, Scheckel, Smith voting yes.Resolution 2012-21: Approving TIF Pledge for General Obligation Urban Renewal Bonds Series B.

Related to TIF Pledge

  • Deed of Pledge means the Italian law deed of pledge entered into, on or about the date hereof, between the Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other Creditors).

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

  • Holdings Pledge Agreement means the Holdings Pledge Agreement, dated as of the Closing Date, among Holdings and the Collateral Agent.

  • U.S. Pledge Agreement means a Pledge Agreement substantially in the form of Exhibit B-1 between the Borrower, the Subsidiary Guarantors and the Administrative Agent.

  • Equity Pledge Agreement means the Equity Pledge Agreement entered into by and among the Parties hereto on June 12, 2017, pursuant to which Party C will pledge all equity interests held by it in Party B (i.e. Party B’s Equity Interests) to Party A as the pledged collateral for the contractual obligations and secured debts under the VIE Agreements.

  • Foreign Pledge Agreement means a pledge agreement securing the Obligations or any of them that is governed by the law of a jurisdiction other than the United States and reasonably satisfactory in form and substance to the Collateral 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 Owner required to be executed at any time under clause 8.1.19 by the Shareholder in favour of the Security Trustee and/or a Lender in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means all of them;

  • Stock Pledge Agreements means those certain stock pledge agreements, in form and substance reasonably satisfactory to Lender, executed and delivered by Borrower to Lender, as the same may be amended or modified from time to time in accordance with its terms.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to each Lender, executed and delivered by Holdings to Agent for the benefit of the Lender Group with respect to the pledge of the capital Stock of NPI.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • 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, mortgage, grant, bargain, encumbrance, pledge, assignment, grant of any options with respect to, or any other transfer or disposition of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) of a legal or beneficial interest.

  • Canadian Pledge Agreement means a pledge agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed by the Borrower and each Guarantor that is a Canadian Subsidiary, pursuant to which each such Person pledges to the Collateral Agent all of its right, title and interest in and to all Stock of each Subsidiary in which it has an interest, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Parent Pledge Agreement means that certain Pledge Agreement, dated of the date hereof, made by Parent in favor of Agent.

  • 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 the Pledge Agreement executed and delivered by an Authorized Officer of each Subsidiary of the Borrower that is not a Foreign Subsidiary pursuant to Section 7.1.7, substantially in the form of Exhibit G-3 hereto, as amended, supplemented, amended and restated or otherwise modified from time to time.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • Subsidiary Security Agreement means a security agreement substantially in the form of Exhibit I hereto by the Subsidiary Guarantors in favor of the Collateral Agent.

  • 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 which is a Material 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 as defined in Section 5.1(g).