Common use of TDD Reimbursement Clause in Contracts

TDD Reimbursement. All TDD Sales Tax shall be used to reimburse the Developer for the cost of financing construction of the TDD Improvements, as described in Exhibit C, or to pay the principal of or interest on the Bonds. It is anticipated that the estimates of expenses related to the TDD Improvements may change prior to and during actual construction of the TDD Improvements; however, in no event will the reimbursement exceed the maximum authority set out by the TDD Resolution and any changes must be approved by City.

TDD Reimbursement. All TDD Sales Tax shall be used to reimburse the Developer for the cost of financing construction of the TDD Improvements, as described in Exhibit C, or to pay the principal of or interest on the Bonds. It is anticipated that the estimates of expenses related to the TDD Improvements may change prior to and during actual construction of the TDD Improvements; however, in In no event will the reimbursement described hereunder exceed the maximum authority set out by the TDD Resolution and any changes must be approved by the City.