Developer Obligations Agreement Sample Clauses

Developer Obligations Agreement. Beginning upon Developer’s receipt of the first Loan Proceeds and continuing until the calendar year following the first January 1 after Substantial Completion, if the semi-annual taxes assessed and paid on the Tax Minimum Area are less than the amount needed to pay the semi-annual Initial Loan Payment, then Developer agrees to make or cause to be made payments to the RDC equal to the amount needed to satisfy the semi-annual Initial Loan Payment. Beginning in the calendar year following the first January 1 after Substantial Completion and continuing until the Loan is paid in full, Developer agrees to make or cause to be made payments of Real Estate Taxes on the Tax Minimum Area in the amounts not less than set forth on Exhibit F. Developer and City shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit F are greater than the amount of the Real Estate Taxes actually assessed and paid on the Tax Minimum Area for the same period, then, Developer shall pay, in addition to the payment of Real Estate Taxes, an amount equal to:
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Developer Obligations Agreement. Beginning upon Developer’s receipt of the first Loan Proceeds and continuing until the calendar year following the first January 1 after Substantial Completion, if the semi-annual taxes assessed and paid on the Tax Minimum Area are less than the amount needed to pay the semi-annual Initial Loan Payment, then Developer agrees to make or cause to be made payments to the RDC equal to the amount needed to satisfy the semi-annual Initial Loan Payment. Beginning in the calendar year following the first January 1 after Substantial Completion and continuing until the Loan is paid in full, Developer agrees to make or cause to be made payments of Real Estate Taxes on the Tax Minimum Area in the amounts not less than set forth on Exhibit F. Developer and City shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit F are greater than the amount of the Real Estate Taxes actually assessed and paid on the Tax Minimum Area for the same period, then, Developer shall pay, in addition to the payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit F; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Tax Minimum Area, as the case may be, for such same period; (ii) provide that the payments due by Developer thereunder are secured by a lien against the Tax Minimum Area that is similar in type to a lien for real estate taxes (including that such lien shall have the same priority as a lien for real estate taxes); (iii) be for a term equal in length to the Loan; and (iv) be recorded and run with the Tax Minimum Area. Nothing in this Agreement or the Developer Obligations Agreement shall be deemed to release Developer from any obligation to pay Real Estate Taxes or Assessments on the Tax Minimum Area regardless of when payable or assessed. Notwithstanding Section 19, if Developer conveys all or a portion of the Tax Minimum Area to a third-party purchaser, then Developer may, as part of that conveyance, assign all or a pro-rata portion of the Developer Obligations Agreement to the purchaser. In such event, Developer shall be released from the Developer Obligations Agreement upon providing City a fully executed assignment and assumption agreement in a form reasonably acceptable to City whereby Developer assigns all or a portion of the Developer Obligations Agreement to a third-party purchaser who expressly assumes all or a portion of the Developer Obligat...
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Developer Obligations Agreement. Beginning in the calendar year following the first March 1 after Substantial Completion of the Project and continuing through each calendar year of the Lease Term (prorated for the last calendar year of the Lease Term), Developer agrees to make payments of Real Estate Taxes on the MOB Parcel and the Mixed-Use Parcel in the amounts not less than those set forth on Exhibit O hereto. Developer and Town shall enter into the Developer Obligations Agreement which shall:
Sample 1
Developer Obligations Agreement. Beginning in the calendar year following the first March 1 after Substantial Completion of the Project and continuing through each calendar year of the Public Lease Term (prorated for the last calendar year of the Public Lease Term), Developer agrees to make payments of Real Estate Taxes on the Project and the Project Site in the amounts not less than those set forth on Exhibit F hereto. Developer, Building Corp. and Town shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit F are greater than the amount of the Real Estate Taxes actually assessed and paid on the Project for the same period, then, Developer shall pay, in addition to its payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit F; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Project for such same period; (ii) be for a term equal in length to the Public Lease Term;
Sample 1
Developer Obligations Agreement. Beginning in the calendar year following the first March 1 after Substantial Completion of each Project Phase and continuing until debt service on the Bond Proceeds is paid in full, Developer agrees to make payments of Real Estate Taxes on the Project Site in the amounts not less than those set forth on Exhibit O hereto. Developer and City shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit O are greater than the amount of the Real Estate Taxes actually assessed and paid on the Site for the same period, then, Developer shall pay, in addition to its payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit O; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Project Site, as the case may be, for such same period; (ii) be for a term that ends in 2042; (iii) provide that the payments due by Developer thereunder are secured by a lien against the Project Site that is similar in type to a lien for real estate taxes (including that such lien shall have the same priority as a lien for real estate taxes); and (iv) be recorded and run with the Project Site. City and Developer shall: (i) agree on the form and substance of the Developer Obligations Agreement on or before the Closing; and (ii) execute and record the Developer Obligations Agreement (or a memorandum thereof) at the Closing. Nothing in this Agreement or the Developer Obligations Agreement shall be deemed to release Developer from any obligation to pay Real Estate Taxes or Assessments on the Project Site regardless of when payable or assessed.
Sample 1
Developer Obligations Agreement. Beginning in the calendar year following the first March 1 after Substantial Completion of the Project and continuing through each calendar year of the Lease Term (prorated for the last calendar year of the Lease Term), Developer agrees to make payments of Real Estate Taxes on the Office Building, Office Building Parcel, Multi-Family Building and Multi-Family Building Parcel in the amounts not less than those set forth on Exhibit M hereto. Developer and Town shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit M are greater than the amount of the Real Estate Taxes actually assessed and paid on the Office Building, Office Building Parcel, the Multi-Family Building and the Multi-Family Parcel for the same period, then, Developer shall pay, in addition to its payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit M; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Office Building, Office Building Parcel, the Multi-Family Building and the Multi- Family Building Parcel for such same period; (ii) be for a term equal in length to the Lease Term; (iii) provide that the payments due by Developer thereunder are secured by a lien against the Office Building Parcel and Multi-Family Building Parcel that is similar in type to a lien for real estate taxes (including that such lien shall have the same priority as a lien for real estate taxes); and (iv) be recorded as in rem obligation running with the Office Building Parcel and the Multi-Family Building Parcel. Town and Developer shall: (i) agree on the form and substance of the Developer Obligations Agreement on or before the Closing; and (ii) execute and record the Developer Obligations Agreement (or a memorandum thereof) at the Closing. Nothing in this Agreement or the Developer Obligations Agreement shall be deemed to release Developer from any obligation to pay Real Estate Taxes or Assessments on the Office Building, Office Building Parcel, Multi-Family Building and the Multi-Family Building Parcel regardless of when payable or assessed. Developer hereby further covenants and agrees to the SAO and the payment to Building Corp. required thereunder, and the Developer Obligations Agreement shall specifically secure the Town’s Share of the Project Appreciation as set forth in subsection (iii) above.
Sample 1
Developer Obligations Agreement. Beginning in the calendar year following the first March 1 after Substantial Completion of each Project Phase and continuing until debt service on the Bond Proceeds is paid in full, Developer agrees to make payments of Real Estate Taxes on the Project Site in the amounts not less than those set forth on Exhibit O hereto. Developer and City shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit O are greater than the amount of the Real Estate Taxes actually assessed and paid on the Site for the same period, then, Developer shall pay, in addition to its payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit O; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Project Site, as the case may be, for such same period;
Sample 1
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Developer Obligations Agreement. Beginning in the calendar year following the first January 1 after Substantial Completion of the Office Building and continuing through each calendar year of the Lease Term (prorated for the last calendar year of the Lease Term), Developer agrees to make payments of Real Estate Taxes on the Office Parcel in the amounts not less than those set forth on Exhibit M hereto, which shall be agreed to by the City and Developer prior to Closing and once the Final Documents and Drawings are approved; except that the percentage included in Exhibit M shall not change. Developer and City shall enter into the Developer Obligations Agreement which shall: (i) provide that so long as the amounts set forth on Exhibit M are greater than the amount of the Real Estate Taxes actually assessed and paid on the Project Site for the same period, then, Developer shall pay, in addition to its payment of Real Estate Taxes, an amount equal to: (A) the amounts set forth on Exhibit M; minus (B) the amount of the Real Estate Taxes actually assessed and paid on the Project Site, as the case may be, for such same period; (ii) be for a term equal in length to the Garage Lease Term; (iii) provide that the payments due by Developer thereunder are secured by a lien against the Project Site that is similar in type to a lien for real estate taxes (including that such lien shall have the same priority as a lien for real estate taxes); and (iv) be recorded and run with the Project Site. City and Developer shall: (i) agree on the form and substance of the Developer Obligations Agreement on or before the Closing; and (ii) execute and record the Developer Obligations Agreement (or a memorandum thereof) at the Closing. Nothing in this Agreement or the Developer Obligations Agreement shall be deemed to release Developer from any obligation to pay Real Estate Taxes or Assessments on the Project Site regardless of when payable or assessed.
Sample 1

Related to Developer Obligations Agreement

  • Confidentiality Agreement As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company’s At‑Will Employment, Confidential Information, Invention Assignment, Nonsolicitation, and Arbitration Agreement you previously signed with the Company (the “Confidentiality Agreement”) still apply.

  • Confidentiality Agreements The parties hereto agree that this Agreement supersedes any provision of the Confidentiality Agreements that could be interpreted to preclude the exercise of any rights or the fulfillment of any obligations under this Agreement, and that none of the provisions included in the Confidentiality Agreements will act to preclude Holder from exercising the Option or exercising any other rights under this Agreement or act to preclude Issuer from fulfilling any of its obligations under this Agreement.

  • Indemnification Agreement Contractor hereby agrees to indemnify and hold harmless the Owner, the State of Georgia and its departments, agencies and instrumentalities and all of their respective officers, members, employees and directors (hereinafter collectively referred to as the "Indemnitees") from and against any and all claims, demands, liabilities, losses, costs or expenses, including attorneys' fees, due to liability to a third party or parties, for any loss due to bodily injury (including death), personal injury, and property damage arising out of or resulting from the performance of this Contract or any act or omission on the part of the Contractor, its agents, employees or others working at the direction of Contractor or on its behalf., or due to any breach of this Contract by the Contractor, or due to the application or violation of any pertinent Federal, State or local law, rule or regulation. This indemnification extends to the successors and assigns of the Contractor. This indemnification obligation survives the termination of the Contract and the dissolution or, to the extent allowed by law, the bankruptcy of the Contractor. If and to the extent such damage or loss (including costs and expenses) as covered by this indemnification is paid by the State Tort Claims Trust Fund, the State Authority Liability Trust Fund, the State Employee Broad Form Liability Fund, the State Insurance and Hazard Reserve Fund, and other self-insured funds (all such funds hereinafter collectively referred to as the "Funds") established and maintained by the State of Georgia Department of Administrative Services Risk Management Division (hereinafter "DOAS") the Contractor agrees to reimburse the Funds for such monies paid out by the Funds.

  • Confidentiality Obligation 本协议签订后，无论本协议是否失效、终止，甲乙双方应当负有保守对方提供的所有资料、信息秘密的义务。除了海事管理机构等可依法取得该资料、信息的政府主管机关或者双方可以向其各自保险人披露本协议之外，甲乙双方不得向其它第三方公开资料、信息内容。 After conclusion of this Agreement, no matter whether this Agreement is in effect or not, or no matter whether this Agreement is terminated, both parties are obliged to keep all the materials and information provided by the other party confidential. Except that both parties may disclose the Agreement to their respective insurers and such government authorities as the MSA may obtain the said materials and information in accordance with law, both parties shall not make in public the contents of such materials and information. 第五条 生效、变更和终止

  • Confidentiality/ Nondisclosure Employee covenants and agrees that any and all information concerning the customers, businesses and services of the Corporation of which he has knowledge or access as a result of his association with the Corporation in any capacity, shall be deemed confidential in nature and shall not, without the proper written consent of the Corporation, be directly or indirectly used, disseminated, disclosed or published by Employee to third parties other than in connection with the usual conduct of the business of the Corporation. Such information shall expressly include, but shall not be limited to, information concerning the Corporation’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment Employee shall deliver to the Corporation all originals and copies of documents, forms, records or other information, in whatever form it may exist, concerning the Corporation or its business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Corporation with the maximum protection. This Section 11 shall not be applicable to any information which, through no misconduct or negligence of Employee, has previously been disclosed to the public by anyone other than Employee.

  • Obligations of Confidentiality 1. The contracting party and the expert must treat confidentially any information and documents, in any form (i.e. paper or electronic), disclosed in writing or orally in relation to the performance of the Contract.

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • Non-Disclosure Agreement (i) The Non-Disclosure Agreement between the Parties attached hereto as Exhibit J is incorporated herein (the “Non-Disclosure Agreement”), and the termination date of that agreement is modified such that it will terminate on the later of:

  • Confidentiality and Nondisclosure (a) Employee understands and agrees that he will be given Confidential Information (as defined below) and Training (as defined below) during his employment with Employer relating to the business of Employer and/or its Affiliates (as defined below). Employee hereby expressly agrees to maintain in strictest confidence and not to use in any way (including without limitation in any future business relationship of Employee), publish, disclose or authorize anyone else to use, publish or disclose in any way, any Confidential Information relating in any manner to the business or affairs of Employer and/or its Affiliates. Employee agrees further not to remove or retain any figures, calculations, letters, documents, lists, papers, or copies thereof, which embody Confidential Information of Employer and/or its Affiliates, and to return, prior to Employee's termination of employment, any such information in Employee's possession. If Employee discovers, or comes into possession of, any such information after his termination he shall promptly return it to Employer. Employee acknowledges that the provisions of this paragraph are consistent with Employer's Code of Conduct with which Employee, as an employee of Employer, is bound.

  • Non-Disclosure and Confidentiality 9.1. All Personal Data received by the Processor from the Controller and/or compiled by the Processor within the framework of this Data Processing Agreement is subject to a duty of confidentiality vis-à-vis third parties.

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