Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.
Appears in 5 contracts
Sources: Disposition and Development Agreement (Five Point Holdings, LLC), Financing Plan, Financing Plan
Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency City and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.
Appears in 3 contracts
Sources: Development Agreement, Development Agreement, Development Agreement
Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency Authority and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.
Appears in 1 contract