TIF Financing definition

TIF Financing means financing arrangements to or for the benefit of a developer arising out of the TIF Act which pay or reimburse redevelopment project costs in whole or in part.
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TIF Financing means a method of financing pursuant to which certain TIF Eligible Expenses are paid and/or reimbursed without notes or bonds, and the costs are reimbursed as TIF Proceeds are deposited into the TIF Fund, as described in Section 4.2(b).
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TIF Financing means the financing authorized and permitted pursuant to the tax allocation or tax increment provisions of the Plan and Section 31-25-107(9) of the Act.
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Examples of TIF Financing in a sentence

  • Additionally, Developer hereby understands and agrees that if Developer shall fail to timely pay its ad valorem property taxes for a parcel, then Developer's access to the TIF Financing for the Project shall be suspended until such taxes are paid in full.

  • In order to receive payment or reimbursement for TIF Eligible Expenses from TIF Financing, Developer shall submit a certificate of expenditures in the form attached hereto as Exhibit G (each, a "Certificate of Expenditures") attesting to the expenditure of Project Costs in accordance with the procedure set forth below.

  • Developer hereby understands and agrees that all reimbursements to Developer hereunder shall be made only from TIF Financing, and nothing in this Agreement shall in any way obligate the UG to issue bonds or other obligations to reimburse Developer for the TIF Eligible Expenses or any other Project Costs.

  • Subject to the terms and conditions of this Agreement and the TIF District Ordinance, the UG hereby agrees that the TIF Eligible Expenses may be financed and reimbursed with TIF Financing (defined below in Section 4.2(b)) from the Incremental Real Property Taxes collected within The Project Area of the TIF District.

  • The Developer acknowledges that the Illinois Department of Labor currently takes the position as a matter of its enforcement policy that the TIF Financing ofthe Project under this Agreement does not subject the Project to the Prevailing Wage Act unless the Project also receives funding from another public source.

  • However, Developer understands and agrees that if Developer does not complete and open the Project on or before the eighth (8th) anniversary of the Effective Date, then the UG may, in its sole discretion at any time thereafter, terminate Developer's access to the TIF Financing, and/or terminate this Agreement.

  • In addition, in the event of termination of the Plan, including, without limitation, the provisions of the Plan authorizing TIF Financing, XXXX may terminate this Agreement by delivering written notice to the Town.

  • Developer shall not receive any reimbursements from Pay-Go TIF Financing unless and until the conditions precedent set forth in Section 4.5 have been fully satisfied or waived by the UG, upon which satisfaction or waiver Developer shall be reimbursed from Pay-Go TIF Financing as provided in this Agreement.

  • However, Xxxxxxxxx understands and agrees that if Developer does not complete and open the Project on or before the eighth (8th) anniversary of the Effective Date, then the UG may, in its sole discretion at any time thereafter, terminate Developer's access to the TIF Financing, and/or terminate this Agreement.

  • In the event of termination of the Plan, including its TIF Financing provision, the Authority may terminate this Agreement by delivering written notice to the District.


More Definitions of TIF Financing

TIF Financing means financing arrangements arising out of the TIF Act which pay or reimburse redevelopment project costs in whole or in part.
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TIF Financing means a financing by Albion on substantially the terms set forth in the Redevelopment Agreement and Term Sheet between Albion and Community Redevelopment Authority of the City of Albion attached to the letter dated November 21, 2006 delivered by the Borrowers’ Agent to the Administrative Agent.”
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TIF Financing shall have the meaning specified in Section 6.3.1.
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Related to TIF Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Financing has the meaning set forth in Section 5.7.

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Financing entity means an electric public utility, a special