SEVENTH PRIORITY definition

SEVENTH PRIORITY. Payment of grant or grants to reimburse Redeveloper for all or partial costs for Energy Enhancements up to Fifty Thousand Dollars ($50,000.00). EIGHTH PRIORITY: Payment of grant or grants to reimburse Redeveloper for all or partial costs of Landscaping Improvements up to Forty Thousand Dollars ($40,000.00) The City shall not have any obligation to make a grant or grants to reimburse the Redeveloper for the Site Acquisition, Site Preparation, Sidewalk Improvements, Stormwater Improvements, Façade Enhancements, Energy Enhancements, or Landscaping Improvements in excess of the available TIF Bond Proceeds as described above. Redeveloper shall use its own funds to fund any Second, Third, Fourth, Fifth, Sixth Priority, Seventh, and Eighth costs that exceed the TIF Bond Proceeds that are lawfully available and granted to the Redeveloper hereunder. The funds granted to Redeveloper are restricted and earmarked solely for the reimbursement of the Site Acquisition, Site Preparation, Façade Enhancements, Sidewalk Improvements, Stormwater Improvements, Energy Efficiency Enhancements, and Landscaping. Redeveloper does not have discretionary judgment over the applications of said grant funds.
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Examples of SEVENTH PRIORITY in a sentence

  • SEVENTH PRIORITY EXPENSE: Payment of grants in the amount of approximately Seven Hundred Eight Thousand and No/100 Dollars ($708,000.00) for construction of public parking lots.

  • SEVENTH PRIORITY: Reimburse the Redeveloper for the costs of installing environmental and water quality features.

Related to SEVENTH PRIORITY

  • Second Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • Highest Priority As of any date of determination, the Class of Subordinate Certificates then outstanding with a Certificate Principal Balance greater than zero, with the earliest priority for payments pursuant to Section 4.02(a), in the following order: Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates.

  • Lower Priority As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02 (a).

  • Second Priority Liens means all Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

  • First Priority Lien means any Lien created by the First Priority Security Documents.