DEDC definition
Examples of DEDC in a sentence
In any given fiscal year, if the City Council determines to not obligate the then-considered Appropriated Amount, then the City will be under no obligation to fund the Payment scheduled to become due in the following fiscal year, and DEDC will have no rights whatsoever to compel the City to make such Payment, to seek damages relative thereto, or to compel the funding of such Payment in future fiscal years.
Whenever any Event of Default described in this Agreement occurs, the City shall provide written notice to DEDC describing the cause of the default and the steps that must be taken by DEDC in order to cure the default.
DEDC will include a cover page in the form attached hereto as Exhibit C with its submittal of the Costs Documentation.
DEDC agrees to cause the construction of the Public Infrastructure Project in accordance with the timeline and specifications set forth on Exhibit B hereto.
DEDC agrees to use its best efforts to promote commercial and industrial development on the Property, such that the Property is capable of being put to its highest and best commercial and/or industrial uses.
However, the City hereby gives its permission that DEDC’s rights to receive the Grant hereunder may be assigned by DEDC to a private lender, as security on a credit facility taken with respect to the Public Infrastructure Project, without further action on the part of the City.
Prior to constructing the Public Infrastructure Project, DEDC will submit copies of all engineering documents related to the proposed Public Infrastructure Project to the City for review.
To participate in DE/DC the student must meet the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ grade requirements.
If the City determines that the Public Infrastructure Costs set forth in the Costs Documentation are not costs reasonably incurred in the construction of the Public Infrastructure Project, the City shall notify DEDC of such determination within fifteen (15) days of such determination in order to allow an opportunity for DEDC to cure the noted deficiencies.
While DEDC maintains ownership of the Property, DEDC agrees to make or ensure timely payment of all property taxes as they come due with respect to the Property throughout the Term (as hereinafter defined) of this Agreement and to submit a receipt or cancelled check in evidence of each such payment.