BTDC definition
Examples of BTDC in a sentence
The BTDC reserves the right to immediately suspend, in whole or in part, this Construction Agreement upon the occurrence of a potential violation of the Development Agreement, this Construction Agreement, or any relevant provision of federal or state laws, rules, or regulations.
Developer shall be provided with notice of the suspension and a thirty (30) day period after written notice from the BTDC to Developer in which to cure said violation or demonstrate that no violation exists.
Subject to the terms and conditions set forth in this Agreement, City shall make a grant of all Public Funding, including, but not limited to, the proceeds of the sale of the Bonds to the BTDC, as provided in Indiana Code 36-7-14-12.2(25)(B), pursuant to a Grant Agreement with the BTDC in substantially the form attached hereto as Exhibit F (“Grant Agreement”).
Prior to requesting any Public Funds pursuant to this Construction Agreement, Developer shall provide written notice to BTDC that Developer has met the Distribution Threshold, with commercially reasonable evidence thereof.
Developer and Developer Affiliates shall cooperate in such monitoring and evaluation efforts and shall produce all documentation reasonably requested by the City and BTDC in connection with such activities.
BTDC shall have no obligation to distribute Public Funds unless the conditions set forth in Section 8 above have been fully satisfied and a completed application for distribution of Public Funds has been submitted to the BTDC in accordance with this Section 9.
The BTDC shall terminate this Construction Agreement by delivery to the Developer of notice of termination at least fifteen (15) days prior to the date of termination (“Termination Notice”).
After receipt of notice of a Material Change, the BTDC will promptly notify the City.
Developer shall have delivered to BTDC a true and correct copy of the Construction Plans for the Project.
This Construction Agreement may not be altered or amended except in writing, signed by authorized representatives of the BTDC and Developer.