Common use of Public Assistance Clause in Contracts

Public Assistance. NTIFA shall pay CC Trust monthly payments of Public Assistance in an amount equal to the lesser of: (i) the following amounts: 1) 100% of the Incremental Ad Valorem Revenues generated within TIF 5 (which includes the PILOT Payments as set forth in Section 3.08(c)(i)), less an amount equal to the lesser of (i) 2% of such Incremental Ad Valorem Revenues, or (ii) $200,000, per year, which shall be retained by NTIFA to cover administrative and implementation costs associated with the Project; 2) 100% of the Incremental Sales Tax Revenues generated within TIF 4 by transactions subject to sales and use tax, including Incremental Sales Tax Revenues generated both by construction activities and operations within TIF 4; and 3) 100% of any potential Leverage Act Funds; or (ii) Such amounts as described in subparagraph (i) above as may be necessary for CC Trust to receive the same amount of Public Assistance as CC Trust has incurred in retiring the outstanding principal of and accrued interest and fees on the Anchor Financing for the construction of the Anchor Project; or (iii) Such amounts as described in subparagraph (i) above as may be necessary for the aggregate Public Assistance provided to reach the Total Assistance.

Public Assistance. NTIFA shall pay CC Trust monthly payments of Public Assistance in an amount equal to the lesser of: (i) the following amounts: 1) 100% of the Incremental Ad Valorem Revenues generated within TIF 5 (which includes the PILOT Payments as set forth in Section 3.08(c)(i)), less an amount equal to the lesser of (i) 2% of such Incremental Ad Valorem Revenues, or (ii) $200,000, per year, which shall be retained by NTIFA to cover administrative and implementation costs associated with the Project; 2) 100% of the Incremental Sales Tax Revenues generated within TIF 4 by transactions subject to sales and use tax, including Incremental Sales Tax Revenues generated both by construction activities and operations within TIF 4; and 3) 100% of any potential Leverage Act Funds; or (ii) Such amounts as described in subparagraph (i) above as may be necessary for CC Trust to receive the same amount of Public Assistance as CC Trust has incurred in retiring the outstanding principal of and accrued interest and fees on the Anchor Financing for the construction of the Anchor Project; or (iii) Such amounts as described in subparagraph (i) above as may be necessary for the aggregate Public Assistance provided to reach the Total Assistance.. Tentative

Public Assistance. NTIFA shall pay CC Trust monthly payments of Public Assistance in an amount equal to the lesser of: (i) the following amounts: 1) 100% of the Incremental Ad Valorem Revenues generated within TIF 5 (which includes the PILOT Payments as set forth in Section 3.08(c)(i)), less an amount equal to the lesser of (i) 2% of such Incremental Ad Valorem Revenues, or (ii) $200,000, per year, which shall be retained by NTIFA to cover administrative and implementation costs associated with the Project; 2) 100% of the Incremental Sales Tax Revenues generated within TIF 4 by transactions subject to sales and use tax, including Incremental Sales Tax Revenues generated both by construction activities and operations within TIF 4; and 3) 100% of any potential Leverage Act Funds; or (ii) Such amounts as described in subparagraph (i) above as may be necessary for CC Trust to receive the same amount of Public Assistance as CC Trust has incurred in retiring the outstanding principal of and accrued interest and fees on the Anchor Financing for the construction of the Anchor Project; or (iii) Such amounts as described in subparagraph (i) above as may be necessary for the aggregate Public Assistance provided to reach the Total Assistance.. Tenataive