Common use of Authority Contribution Amount Clause in Contracts

Authority Contribution Amount. The Authority shall contribute an amount equal to the lesser of: (i) Three hundred eighty million dollars ($380,000,000) from the sources described in Section 3.2(a)(ii) below; or (ii) an amount equal to the sum of the following: (A) the money generated by the taxes, fees, and charges described in subsection 1 of Section 29 of the Act before the issuance of the County Bonds and applied to pay Project Costs pursuant to paragraph (a) of subsection 2 of Section 32 of the Act (such money, the “Pay-Go Tax Proceeds”), plus (B) the maximum amount of bond proceeds raised from the issuance of the County Bonds, after payment of issuance costs, including capitalized interest, if applicable, and the cost of funding the debt service reserve fund as set forth in the Act (the “County Bond Proceeds”), plus (C) the face value of Transferable Tax Credits approved by Authority and issued to StadCo in accordance with Section 31 of the Act and Section 3.4 below, plus (D) a credit in an amount of not less than twenty-five million dollars ($25,000,000) for any costs, expenses, or charges imposed upon, assessed to, or otherwise required to be incurred by, StadCo as provided in subsection 3 of Section 33 of the Act, as further described in the County Development Agreement (such amount, the “County Credit”). The lesser amount of Section 3.2(a)(i) or Section 3.2(a)(ii) above shall be referred to herein as the “Authority Contribution Amount.”

Authority Contribution Amount. The Authority shall contribute an amount equal to the lesser of: (i) Three hundred eighty million dollars ($380,000,000) from the sources described in Section 3.2(a)(ii) below; or (ii) an amount equal to the sum of the following: (A) the money generated by the taxes, fees, and charges described in subsection 1 of Section 29 of the Act before the issuance of the County Bonds and applied to pay Project Costs pursuant to paragraph (a) of subsection 2 of Section 32 of the Act (such money, the “Pay-Go Tax Proceeds”), plus (B) the maximum amount of bond proceeds raised from the issuance of the County Bonds, after payment of issuance costs, including capitalized interest, if applicable, and the cost of funding the debt service reserve fund as set forth in the Act (the “County Bond Proceeds”), plus (C) the face value of Transferable Tax Credits approved by Authority and issued to StadCo in accordance with Section 31 of the Act and Section 3.4 below, ; plus (D) a credit in an amount of not less than twenty-five million dollars ($25,000,000) for any costs, expenses, or charges imposed upon, assessed to, or otherwise required to be incurred by, StadCo as provided in subsection 3 of Section 33 of the Act, as further described in the County Development Agreement (such amount, the “County Credit”). The lesser amount of Section 3.2(a)(i) or Section 3.2(a)(ii) above shall be referred to herein as the “Authority Contribution Amount.”