Limitations on Tax Increment Revenue Clause Samples

Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA, or ELBRA to reimburse the Developer for any costs or expenses for Building A and Building D, except to the extent that such costs and expenses are eligible expenses under one or more tax increment financing plans approved by the City, DDA, or ELBRA, and sufficient taxes are actually captured by the DDA or ELBRA to pay for such costs and expenses. The City, DDA, and ELBRA are responsible for reimbursement of eligible activities under any tax increment financing plans only to the extent that sufficient tax increment revenue is actually generated.
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Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA, or ELBRA to pay tax increment revenues for any costs or expenses, except to the extent that such costs and
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Limitations on Tax Increment Revenue. Nothing contained in this Agreement shall be construed to establish any liability on the part of the City, DDA or ELBRA to reimburse the Developer for any costs or expenses for Building A and Building C,
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Related to Limitations on Tax Increment Revenue

  • Limitations on Shared-Loss Payment The Receiver shall not be required to make any payments pursuant to Section 2.1(d) with respect to any Foreclosure Loss, Restructuring Loss, Short Sale Loss, Deficient Loss, or Portfolio Loss that the Receiver determines, based upon the criteria set forth in this Single Family Shared-Loss Agreement (including the analysis and documentation requirements of Section 2.1(a)) or Customary Servicing Procedures, should not have been effected by the Assuming Institution; provided, however, (x) the Receiver must provide notice to the Assuming Institution detailing the grounds for not making such payment, (y) the Receiver must provide the Assuming Institution with a reasonable opportunity to cure any such deficiency and (z) (1) to the extent curable, if cured, the Receiver shall make payment with respect to the properly effected Loss, and (2) to the extent not curable, shall not constitute grounds for the Receiver to withhold payment as to all other Losses (or portion of Losses) that are properly payable pursuant to the terms of this Single Family Shared-Loss Agreement. In the event that the Receiver does not make any payment with respect to Losses claimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall, upon final resolution, make the necessary adjustments to the Monthly Shared-Loss Amount for that Monthly Certificate and the payment pursuant to Section 2.1(d) above shall be adjusted accordingly.