TIF Support Facility definition

TIF Support Facility means the credit facility to be evidenced by one or more credit agreements and to be made available to the Joint Board as a form of bridge funding for the Project, as more particularly described in Section 5.4 below.
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TIF Support Facility means the credit facility to be made available to the Joint Board as a form of bridge funding for the Project, as more particularly described in Section 5.4 below.
Sample 1Sample 2

Examples of TIF Support Facility in a sentence

  • In order to provide a source of cash flow in the interim, PRF hereby commits the TIF Support Facility to serve as a form of bridge funding for the Project.

  • This Note is made pursuant to a certain TIF Support Facility Agreement concerning the State Street Redevelopment Project dated as of , 201_, (as may be amended from time to time hereafter, the “Credit Agreement”) between Maker and Payee.

  • Funds secured by the University or PRF in exchange for naming rights shall be for the benefit of the Project and shall be either applied to pay down outstanding balances on the TIF Support Facility or used as an alternative funding source in lieu of future draws on the TIF Support Facility.

  • The University and PRF (through the TIF Support Facility), on the one hand, and the City and the RDC, on the other hand, shall take such actions as are necessary or appropriate to fund, on a 50/50 basis, any Overall Shortfall Advance in any payment period in which an Overall Shortfall may occur, subject to the right to recover such advances on a senior priority basis in the manner provided in Section 5.3.24 above.

  • The anticipated draw on the TIF Support Facility under Section 5.4.2.1 of the PDA to cover Pre-Development Expenses will be reduced from $9,400,000 to $8,650,000 (before giving effect to any further reduction for the Cost Transfer Amount as described in Section 4 below) in order to reallocate the Pre-Development Savings Amount to construction dollars.

  • The provisions of this Deposit Agreement relating to the rights, duties and obligations of the Foundation and the Commission are incorporated into the TIF Support Facility Agreement by reference and shall be deemed a part of the TIF Support Facility Agreement.

  • In addition, in the event that, at any time following the retirement of the TIF Support Facility, the RDC is required to establish a TIF 2 reserve for the purpose and in the amount described in Section 5.4.4.2 hereof, the funding of such reserve shall have priority and rank senior to any other commitments or pledges of TIF 2 revenue for other purposes or projects.

  • Upon obtaining such approvals, the Parties shall cooperate and take such other actions as are necessary or appropriate to increase the funding available for the Project, such as by increasing the overall amount of Dedicated TIF 1 Revenue pledged to the Project and/or by amending, subject to the mutual agreement of the Joint Board, the RDC and PRF, the credit agreement for the TIF Support Facility to give effect to an increase in the aggregate principal amount thereof.

  • The University and PRF (through the TIF Support Facility), on the one hand, and the City and the RDC, on the other hand, shall take such actions as are necessary or appropriate to fund, on a 50/50 basis, any Overall Shortfall Advance in any payment period in which an Overall Shortfall may occur, subject to the right to recover such advances on a senior priority basis in the manner provided in Section 5.3.4 above.

  • Incorporation into Indenture, Lease, Sublease and TIF Support Facility Agreement.

Related to TIF Support Facility

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • port facility means any publicly or privately owned facility located within this State through which cargo is transported by way of a waterborne ship or vehicle to or from destinations outside this State and which handles cargo owned by third parties in addition to cargo owned by the port facility’s owner.

  • Port facilities means those facilities owned by the port authority such as: seawall jetties; piers; wharves; docks; boat landings; marinas; warehouses; storehouses; elevators; grain bins; cold storage plants; terminal icing plants; bunkers; oil tanks; ferries; canals; locks; bridges; tunnels; seaways; conveyors; modern appliances for the economical handling, storage, and transportation of freight and handling of passenger traffic; transfer and terminal facilities required for the efficient operation and development of ports and harbors; other harbor improvements; or improvements, enlargements, remodeling, or extensions of any of these buildings or structures.

  • Airport Facilities means any of the following at an airport:

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Airport Ground Support Equipment means vehicles and equipment used at an airport to service aircraft between flights.

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Communications Facility means the set of equipment and network components, including wires, cables, antennas, and associated facilities, used by a communications service provider to provide communications service.

  • Replacement Facility means 1 of the following:

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Cannabis processing facility means a person that:

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Wireless support structure means a freestanding structure designed to support or capable of supporting small cell wireless facilities. Wireless support structure does not include a utility pole.

  • Launch Vehicle means an object, or any part thereof, intended for launch, launched from Earth, or returning to Earth which carries Payloads or persons, or both.

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Utility facility means any pipe, pipeline, duct, wire line, conduit, pole, tower, equipment or other structure used for one of the following:

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Micro wireless facility means a small cell facility that is not larger in dimension than 24 inches in length, 15 inches in width, and 12 inches in height and that has an exterior antenna, if any, not longer than 11 inches.

  • Telecommunications Facility means the machine, equipment, transmission path or other electrical facilities for telecommunication.

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Composting facility means a site, location, tract of land, installation, or building used for composting of solid waste in accordance with Chapter 3734. of the Revised Code and rules adopted thereunder. The composting facility includes the area of materials placement and any leachate management system structures.