Credit PIF Covenant definition

Credit PIF Covenant means a declaration of covenants by Developer imposing and implementing the Credit PIF within the Property.
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Credit PIF Covenant means a declaration of covenants by Developer imposing and implementing the Credit PIF within the Property for the period of time set forth in the Credit PIF Covenant. The Credit PIF Covenant may be the same document as the Add-On PIF Covenant and/or Accommodations PIF Covenant, or a separate document, in the Developer’s sole and absolute discretion.
Sample 1

Examples of Credit PIF Covenant in a sentence

  • At all times prior to the Tax Credit Termination Date (as defined below), the City will authorize, grant, and implement the Sales Tax Credit and Accommodations Tax Credit pursuant to the Tax Credit Ordinance in order for the Credit PIF and Accommodations Credit PIF to be collected for payment of the District Bonds and payment and reimbursement of Eligible Costs in accordance with the Credit PIF Covenant, the Accommodations Credit PIF, and this Agreement.

  • Provided this Agreement is in effect, the Town will authorize, grant and implement the Sales Tax Credit pursuant to the Sales Tax Credit Ordinance in order for the Credit PIF to be collected for payment of the District Bonds and payment and reimbursement of Eligible Costs and Town Costs in accordance with the Credit PIF Covenant and this Agreement.

  • The tax credit shall be automatic and shall take effect immediately upon the occurrence of a Taxable Transaction, but shall be subject to the applicable retailer’s remittance to and receipt by the PIF Collection Agent of the Credit PIF revenues in accordance with the Credit PIF Covenant and the Public Finance Agreement (as reflected on the retailer’s periodic sales tax report).

Related to Credit PIF Covenant

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Borrower Agreement shall have the meaning provided such term in Section 3(a) hereof.

  • Lender Fee Letter means each fee letter agreement that shall be entered into by and among the Borrower, the Servicer and the applicable Lender in connection with the transactions contemplated by this Agreement, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Rate Management Agreement means any agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates, forward rates, or equity prices, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants, and any agreement pertaining to equity derivative transactions (e.g., equity or equity index swaps, options, caps, floors, collars and forwards), including without limitation any ISDA Master Agreement between Borrower and Lender or any affiliate of Fifth Third Bancorp, and any schedules, confirmations and documents and other confirming evidence between the parties confirming transactions thereunder, all whether now existing or hereafter arising, and in each case as amended, modified or supplemented from time to time.

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Covenant-Lite Loan means a Bank Loan (other than a Broadly Syndicated Loan) that does not require the Portfolio Company thereunder to comply with at least one financial maintenance covenant (including, without limitation, any covenant relating to a borrowing base, asset valuation or similar asset-based requirement), in each case, regardless of whether compliance with one or more incurrence covenants is otherwise required by such Bank Loan.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Co-Lender Agreement With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement, dated as of the date set forth in the Loan Combination Table under the column heading “Date of Co-Lender Agreement” and governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Loan Combination as of the Closing Date.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.