Common use of Invalid Payments Clause in Contracts

Invalid Payments. If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.

Appears in 11 contracts

Sources: Development Agreement, Development Agreement, Funding Agreement

Invalid Payments. If any payment to Developer is held invalid, ineligible, illegal or unenforceable under applicable federal, state state, or local laws, then and in that event, Developer shall repay such payment in full to the City for deposit into the TIRZ Fund.

Appears in 3 contracts

Sources: Development Agreement, Development Agreement, Development Agreement