Add-On PIF Covenants means, collectively, the Add-On Retail Sales PIF Covenant, the Add-On Service Sales PIF Covenant and the Add-On Lodging PIF Covenant.
Examples of Add-On PIF Covenants in a sentence
The District shall notify the Trustee in writing of any failure by the Authority to make a payment of Authority Pledged Revenues as contemplated under the Authority Pledge Agreement, and of any failure to receive the PILOT Revenues or the Add-On PIF Revenue as contemplated under the Add-On PIF Covenants and the PIF Collection Agreement, specifying the reason or reasons for such failure of payment by the Authority or other responsible party.