Common use of Condition Precedent to Payment or Reimbursement from TDD Sales Tax Clause in Contracts

Condition Precedent to Payment or Reimbursement from TDD Sales Tax. In addition to the conditions set forth in Section 4.05 below, Developer hereby understands and agrees that it shall not receive any reimbursements from the Pay-As- You-Go TDD Financing from the TDD District unless and until Developer has completed the mixed-use retail and residential portion of the Project identified as III-MXD on the Development Plan, but excluding any free standing pad site buildings and/or internal tenant improvements/finish work for particular retail spaces therein.