TIF Payments definition

TIF Payments mean those payments to be made pursuant to the TIF Obligation issued by the City to the Corporation in connection with the Purchase and Use Agreement.
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TIF Payments means those monies distributed by the County to the City in respect of the TIF Exemption and which will include service payments in lieu of taxes remitted by owners of real property subject to the TIF Exemption and any other payments received by the City in connection with the TIF Ordinance under Ohio Revised Code Sections 319.302, 321.24, 323.152 and 323.156, or any successor provisions thereto, as the same may be amended from time to time.
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TIF Payments means that portion of the tax incremental financing, payable to North Dam for reinvestment.
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Examples of TIF Payments in a sentence

  • Notwithstanding anything to the contrary in this Agreement, except for the Company’s indemnity obligations under Section 5 and the City’s obligation to make TIF Payments to the Company, neither the Company’s nor the City’s net liability under the Agreement shall exceed Ten Million Dollars ($10,000,000.00) (the “Maximum Liability Amount”).

  • A resolution authorizing such bonds may either identify the particular TIF Agreement(s) and the related Qualified Development Project(s) for which TIF Payments are to be funded through the bond proceeds, or may provide that the disposition of bond proceeds shall be determined by subsequent resolution of the Corporation.

  • Amounts in the Corporation TIF Fund shall be used to fund the making of TIF Payments by the Corporation to any Developer in accordance with the TIF Agreement in respect of such Developer’s Qualified Development Project.

  • A Developer that has entered into a TIF Agreement with the Corporation pursuant to this section may, upon notice to and consent of the Corporation, pledge and assign as security for any loan, any or all of its right, title and interest in and to the TIF Agreement and in the TIF Payments due thereunder, and the right to receive the same, along with the rights and remedies provided to the Developer under such agreement.

  • The City shall make each 40(B) TIF Payment to the Company or its designee(s) on or before each Payment Date until the earlier of: (i) December 31 of the year following the end of the 40(B) TIF Exemption Period, or (ii) the date on which the total 40(B) TIF Payments equal all Qualifying Costs for the Public Infrastructure Improvements, plus interest, incurred by the Company or its designee(s) through the end of the 40(B) TIF Exemption Period.

  • After the termination of this Agreement pursuant to Section 14, if there are still monies remaining in the 40(B) TIF Fund and all 40(B) TIF Payments to the Company or its designee(s) pursuant to this Agreement have been paid in full, then any remaining monies in the 40(B) TIF Fund may be paid to the City after the termination of this Agreement to be utilized by the City at its discretion for any purpose permitted by applicable law.

  • The 40(B) TIF Payments and 41 TIF Payments shall collectively be referred to herein as the “TIF Payments”.

  • Tenant will not be charged for the use of city- provided services, sanitary sewer and solid waste collection and disposal.

  • Quarterly TIF Payments means Developer TIF Reimbursements and County TIF Reimbursements that become due for a calendar quarter (January 1 to March 31, etc).

  • All TIF Payments to the Company or its designee(s) under this Section shall be made pursuant to written instructions provided by the Company in advance of the Payment Date, and a TIF Payment shall only be made to the Company or its designee(s) if all conditions in Section 7 are satisfied at the time of that TIF Payment.


More Definitions of TIF Payments

TIF Payments means those certain service payments in lieu of taxes required to be paid bythe owner of the Development as more particularly described in the Cooperative Agreement.
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Related to TIF Payments

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Payments has the meaning set forth in Section 8.11.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Debit Payment means a particular transaction where a debit is made.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.