Examples of Financing Payment in a sentence
A portion of each Financing Payment is paid as and represents the payment of interest as set forth in the Payment Schedule; as indicated in the Schedule the interest component of a Financing Payment may be exempt from federal income tax (“Tax-Exempt Financing Payments”).
Urban Renewal Agency of the City of Wilsonville, Oregon Xxxxx Xxxxxxxx, City Manager City of Wilsonville, Oregon Xxxxx Xxxxxxxx, City Manager EXHIBIT A Financing Payment Schedule Interest at the rate of 3.019%, calculated on a 30/360 day basis, is payable semi-annually on each December 1 and June 1 commencing, December 1, 2019.
A portion of each Financing Payment is paid as and represents the payment of interest as set forth in the Payment Schedule.
Each Financing Payment shall be in an amount equal to the Assigned Service Payments and Assigned Income Taxes, together with any investment earnings on such moneys, received by the City since the later to occur of (i) the date on which this Cooperative Agreement is executed, or (ii) the immediately preceding Financing Payment Date.
Accordingly, in the event Tenant does not Complete the Initial Project Improvements by the Outside Construction Completion Date for any reason other than Landlord’s breach of this Lease, then, from and after the Fifth (5th) Lease Year, Tenant shall pay to Landlord each month the Tenant Public Financing Payment (the “TPFP”) based on the formula set forth below (collectively, “Construction Late Charges”).