Common use of Development of Project Site Clause in Contracts

Development of Project Site. Developer and the Agency agree that: (A) the use of Net Available Increment to pay or reimburse Developer for Qualified Project Costs is intended to help ensure that the Project as a whole is financially feasible and that the Project benefits from Net Available Increment as provided in this Financing Plan; and (B) all references to Developer in this Financing Plan addressing the right to receive and use Funding Sources will mean, as appropriate in the context, a Transferee to the extent set forth in an Assignment and Assumption Agreement.