City Financing Sample Clauses

City Financing. If requested by WPZS, the City will consider issuing debt for capital purposes at the Zoo. Funding for debt service on such debt, other than debt issued for the Parking Garage described in Section 8, shall be the responsibility of WPZS. In the event WPZS fails to provide funds to pay debt service in a timely fashion, the City will pay such debt service from its own funds and will reduce its payments under Section 5.2 by a corresponding amount.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
City Financing. City shall have completed its Financing and obtained the Financing Proceeds and agreed to make the Financing Proceeds available for disbursement according to the following schedule:
Sample 1Sample 2Sample 3
City Financing. XXXX agrees that if City assigns this Agreement to any lender or other third party source of funding for the Project (each, a "Financing Party");
Sample 1
City Financing. The City shall use its good faith efforts to obtain financing (the “City Financing”) for the Ballpark Project that:
Sample 1
City Financing. The City agrees to provide the Partnership a loan in the amount of Five Million Thirty- Four Thousand Nine Hundred Twenty-Four Dollars ($5,034,924) for the Development (the "City Loan"), on the conditions set forth below.
Sample 1
City Financing. The City agrees to use, in the amounts set forth in Section 4.02 hereof, (i) Available Incremental Taxes (except as the same may be pledged to make payments with respect to the City Note), and (ii) the proceeds of borrowings of the TIF Loan to pay for or reimburse the Developer for the costs of TIF-Funded Improvements pursuant to the terms and conditions of this Agreement, the Program Ordinance, the TIF Loan Agreement and the City Note. In addition, the City may, in its discretion, issue tax increment allocation bonds ("TIF Bonds") secured by Available Incremental Taxes or Incremental Taxes pursuant to a TIF bond ordinance (the "TIF Bond Ordinance") at a later date as described in Section 4.02(e) hereof, the proceeds of which (the "TIF Bond Proceeds") may be used to pay for the costs of the TIF- Funded Improvements not previously paid for from Available Incremental Taxes including any such payment made pursuant to the City Note, to make payments and prepayments of principal and interest on the City Note, or in order to reimburse the City for the costs of TIF-Funded Improvements.
Sample 1
City Financing. The City agrees to use, in the amounts set forth in Section 4.03 hereof, (i) the proceeds of the City Note (defined below) and/or (ii) Incremental Taxes (as defined below), to pay for or reimburse the Developer for the costs of TIF-Funded Improvements pursuant to the terms and conditions of this Agreement and the City Note. In addition, the City may, in its discretion, issue tax increment allocation bonds (ATIF Bonds@) secured by Incremental Taxes pursuant to a TIF bond ordinance (the XXXX Xxxx Ordinance@) at a later date, the proceeds of which (the XXXX Xxxx Proceeds@) may be used to pay for the costs of the TIF-Funded Improvements not previously paid for from Incremental Taxes (including any such payment made pursuant to any City Note provided to the Developer pursuant to this Agreement), to make payments of principal and interest on the City Note, or in order to reimburse the City for the costs of TIF-Funded Improvements.
Sample 1
AutoNDA by SimpleDocs
City Financing. City shall have adopted such reimbursement resolution in connection with the Financing as may be required and shall have obtained all other necessary authorizations for the Financing and shall have either completed its Financing on terms acceptable to the City Representative and obtained the Financing Proceeds or the City Representative shall have determined that City can complete the Financing on terms acceptable to the City Representative and obtain the Financing Proceeds. Any Financing obtained by the City shall not delay the Venue Construction Schedule.
Sample 1
City Financing. The purpose of this Agreement is to reimburse CTA for the costs of certain TIF-Funded Improvements through Available Incremental Taxes (as defined below), but not to exceed (a) the amount necessary for the CTA to repay the CTA Debt plus (b) the amount of Pay- As-You-Go Funds, if any, all as set forth in this Agreement, including without limitation Section 4.03 hereof and the City Note, and in any event not to exceed the maximum principal amount of $622,000,000 (plus interest thereon at the City Note Interest Rate defined in Section 2) plus the CTA Closing Costs (as defined in Section 2).
Sample 1

Related to City Financing

  • Equity Financing If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 1(a):

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Third Party Financing If Product acquisitions are financed through any third party financing, Contractor may be required as a condition of Contract Award to agree to the terms and conditions of a “Consent & Acknowledgment Agreement” in a form acceptable to the Commissioner.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Emergency Closings In the event of a student day or teacher duty day lost for an emergency, the teacher shall perform duties another day in lieu thereof as the school board or its designated representative shall determine, if any.

Time is Money Join Law Insider Premium to draft better contracts faster.