Application During Higher IRR Period Sample Clauses

Application During Higher IRR Period. Upon the occurrence and during the continuance of a Higher IRR Period, Authority may provide a written notice to City and each IFD indicating that there is a Higher IRR Period. For each IFD, the IFP shall provide that, upon receipt of the written notice about the Higher IRR Period, the IFD shall suspend distribution of Net Available Increment remaining after payment of debt service due on IFD Debt and any other Public Financing. For each IFD, the IFP shall provide that, immediately upon the conclusion of a Higher IRR Period, Authority shall provide a written notice to City and the IFD indicating that the Higher IRR Period has ended, and immediately upon receipt of such written notice, the suspension shall end and the IFD shall resume making payments to Developer of Net Available Increment in the manner set forth in this Financing Plan.
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Application During Higher IRR Period. Upon the occurrence and during the continuance of a Higher IRR Period, Authority may provide a written notice to City indicating that there is a Higher IRR Period. Upon receipt of the written notice about the Higher IRR Period, the City shall suspend distribution of Net Available Increment remaining after payment of debt service due on IFD Debt and any other Public Financing. Immediately upon the conclusion of a Higher IRR Period, Authority shall provide a written notice to City indicating that the Higher IRR Period has ended, and immediately upon receipt of such written notice, the suspension shall end and City shall resume making payments to Developer of Net Available Increment in the manner set forth in this Financing Plan.
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Related to Application During Higher IRR Period

  • Time Off During Notice Period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

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  • Drawings Submitted During the Contract Term Where required to develop, maintain and deliver diagrams or other technical schematics regarding the scope of work, Contractor shall do so on an ongoing basis at no additional charge, and must, as a condition of payment, update drawings and plans during the Contract term to reflect additions, alterations, and deletions. Such drawings and diagrams shall be delivered to the Authorized User’s representative.

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