Common use of Financing Of Additional Facilities Clause in Contracts

Financing Of Additional Facilities. The Company and the City hereby recognize that additional costs of Industrial Building facilities at the Project Site (other than those costs which are financed by the Bonds) may be financed by the issuance of one or more series of revenue bonds or other financing arrangements, in addition to the Bonds, to the extent permitted by law. The City authorizes the Company to make improvements and build additional facilities, and to finance the same, as the Company determines are appropriate or necessary to enhance its operations at the Project Site, provided such additions or improvements do not materially and adversely affect the value of the Project.