Common use of Monetary Limitation Clause in Contracts

Monetary Limitation. The TIF Incentive in any year, exclusive of the Future Project Grant, and the TIF Incentive to DDL Holdings, LLC, as described in Section III. B. 4. of Development Agreement 17-02, shall not exceed sixty percent (60%) of the Available Tax Increment for the Property.

Appears in 3 contracts

Sources: Development Agreement, Development Agreement, Development Agreement