Common use of Excess Pledged TIF Revenue Clause in Contracts

Excess Pledged TIF Revenue. To the extent Pledged TIF Revenue is available in amounts in excess of those required to make the payments then due on the Bonds, such excess Pledged TIF Revenues shall be used to redeem the Bonds prior to their maturity.

Excess Pledged TIF Revenue. To the extent Pledged TIF Revenue is available in amounts in excess of those required to make the payments then due on the Bonds, such excess Pledged TIF Revenues shall be used to redeem the Bonds prior to their maturity. Upon redemption of the Bonds, the Commission shall be entitled to retain and utilize TIF Revenue in any manner the Commission deems appropriate.