Vertical Assignment and Assumption Agreement definition

Vertical Assignment and Assumption Agreement means an Assignment and Assumption Agreement for Vertical Improvements (as defined in the DDA).
Sample 1Sample 2Sample 3

Examples of Vertical Assignment and Assumption Agreement in a sentence

  • The Administrator shall revise Attachment 3 to reflect the change in the Expected Maximum Services Special Tax Revenues for the Block(s) within the Vertical Assignment and Assumption Agreement and the change in the Maximum Services Special Tax Revenues.

  • Services Special Tax Based on the Expected Land Uses determined pursuant to Section C.2a above, and using the Base Services Special Taxes shown in Table 2 below, the Administrator shall calculate the Estimated Base Services Special Tax Revenues for the Block(s) included within the Vertical Assignment and Assumption Agreement.

  • If it is determined that only a portion of a Block is included within a Vertical Assignment and Assumption Agreement, the Administrator shall refer to Attachments 2 and 3 to estimate the Expected Land Uses that should be assigned to the portion of the Block that is included within the Vertical Assignment and Assumption Agreement.

  • Using the Base Facilities Special Tax shown in Table 1 (as Adjusted), the Administrator shall calculate the Estimated Base Facilities Special Tax Revenues based on the Expected Land Uses for property within the area included within the Vertical Assignment and Assumption Agreement.

  • The Administrator shall revise Attachment 3 to reflect the new Expected Maximum Facilities Special Tax Revenues for the Block(s) within the Vertical Assignment and Assumption Agreement.

  • TheAdministrator shall revise Attachment 3 to reflect the change in the Expected Maximum Facilities Special Tax Revenues for the Block(s) within the Vertical Assignment and Assumption Agreement and the change in Maximum IA1 Revenues.

  • Facilities Special Tax When a Parcel becomes Vertical Development Property, the Administrator shall coordinate with the Successor Agency, Developer and/or the Vertical Developer to confirm the Expected Land Uses on the Block(s) covered by the Vertical Assignment and Assumption Agreement.

  • The Administrator will, upon receipt of each recorded Vertical Assignment and Assumption Agreement, and upon any proposed Land Use Change that is made known to the Administrator, update Attachment 2 to reflect the then- current Expected Land Uses on, and Expected Maximum Facilities Special Tax Revenues for, each Block.

Related to Vertical Assignment and Assumption Agreement

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Assignment and Assumption means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

  • Assignment and Acceptance means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit C hereto.

  • Incremental Assumption Agreement means an Incremental Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and, if applicable, one or more Incremental Term Lenders and/or Incremental Revolving Facility Lenders.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit B to the Guarantee and Security Agreement between the Collateral Agent and an entity that pursuant to Section 5.08 is required to become a “Subsidiary Guarantor” under the Guarantee and Security Agreement (with such changes as the Administrative Agent shall request consistent with the requirements of Section 5.08).

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.