Common use of Failure to Restore Clause in Contracts

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A 704.A above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building Buildings as provided in Section 604.A A and/or B above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A above, Redeveloper shall either forgive any remaining TIF Indebtedness and interest thereon if the Redeveloper was the TIF Bond Purchaser, or Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A 704.A or B. above, Redeveloper shall pay the City the necessary amount for the City to retire the TIF Bond in full, including interest.

Failure to Restore. In the event Redeveloper fails for any reason to restore the New Building as provided in Section 604.A A and/or B above, Redeveloper shall pay the City the necessary amount for the City to retire the applicable TIF Bond A and/or TIF Bond B in full, including interest. However, if Redeveloper is the holder of TIF Bond B, any remaining balance shall be forgiven.