TIF Bond Proceeds definition

TIF Bond Proceeds means all of the proceeds from the sale of the TIF Bonds issued by the City used to reimburse Developer for certain costs incurred for the Project, except for costs of issuance (including items such as underwriter’s discount and any bond insurance premium) and any reasonable required reserve fund.
Sample 1Sample 2Sample 3
TIF Bond Proceeds shall have the meaning given in Recital F.
Sample 1

Examples of TIF Bond Proceeds in a sentence

  • Redeveloper shall, at its own cost and expense, subject to full or partial reimbursement with available TIF Bond Proceeds as set forth in this Redevelopment Agreement, construct/install or cause the Redeveloper Public Improvements as defined below to be constructed/installed.

  • In the event Redeveloper fails to substantially complete the Private Improvements as provided in Section 304 (Commencement and Completion Deadline for Private Improvements) above, Redeveloper agrees, subject to Article VIII (Remedies) below, to repay the City for any grant of funds to Redeveloper as provided for in Section 503 (Use of TIF Bond Proceeds) and Section 506.A (Grant of Funds from TIF Bond Proceeds) above.

  • The Mayor is hereby authorized to amend or modify the order of Redeveloper Priority Expenses and use of the TIF Bond Proceeds for the Section 503 Redeveloper Priority Expenses.

  • The City shall maintain a record of all expenditures of the TIF Bond Proceeds to determine the total amount of TIF Bond Proceeds expended on Section 503 Redeveloper Priority Expenses.

  • The City shall not have any obligation to make a grant or grants to reimburse the Redeveloper for the Priority Expenses in excess of the available TIF Bond Proceeds.

  • City shall be subject to audit by Redeveloper with regard to the collection, disbursement, and/or funding of any of the uses set forth in Section 503, and shall make available to Redeveloper and/or any auditor working on behalf of Redeveloper copies of all financial and performance-related records and materials germane to this Redevelopment Agreement and the use of the TIF Bond Proceeds for the Section 503 Redeveloper Priority Expenses.

  • The City shall maintain a record of all expenditures of the TIF Bond Proceeds to determine the total amount of TIF Bond Proceeds expended on Section 403 Redeveloper Priority Expenses.

  • The City shall not have any obligation to reimburse Redeveloper for the cost of the Façade Enhancements in excess of available TIF Bond Proceeds as provided for in this Redevelopment Agreement.

  • Specifically, the City will remit the TIF Bond Proceeds for the Reimbursable Costs on the Property, or any other Reimbursable Costs permitted by N.D.C.C. § 40-58-20.1, Subd.

  • TIF Bond Proceeds shall be used for and expended for priority expenses (each a “TIF Priority Expense”) as summarized on the Sources and Uses of Funds for Public Improvements and Enhancements (Exhibit B) in the following priority: FIRST TIF PRIORITY EXPENSE: Reimburse the Redeveloper for the Bond Counsel Fee for the TIF Bond, the TIF Admin.

Related to TIF Bond Proceeds

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Foreclosure Proceeds Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.