CreditEnhancementAgreement.docx
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CreditEnhancementAgreement.docx
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CreditEnhancementAgreement
合同编号:
CreditEnhancementAgreement
签订地点:
签订日期:
年月日
CreditEnhancementAgreement
CREDITENHANCEMENTAGREEMENTbetweenAAA,_________(ADDRESS)andBBBCORPORATIONDatedasof_________,_________,_________(M/D/Y).
¡¡¡¡TABLEOFCONTENTS
¡¡¡¡ARTICLEI
¡¡¡¡Section1.1.Definitions
¡¡¡¡Section1.2.InterpretationandConstruction
¡¡¡¡Section1.3.DevelopmentProgram
¡¡¡¡Section1.4.Completion
¡¡¡¡Section1.5.CityCosts
¡¡¡¡Section1.6.AgreementControls
¡¡¡¡ARTICLEII
¡¡¡¡Section2.1.CreationofDevelopmentProgramFund
¡¡¡¡Section2.2.Liens
¡¡¡¡Section2.3.DepositsintoDevelopmentProgramFund
¡¡¡¡Section2.4.MoniesHeldinTrust
¡¡¡¡ARTICLEIII
¡¡¡¡Section3.1.CreditEnhancementPayments
¡¡¡¡Section3.2.FailuretoMakePayment
¡¡¡¡Section3.3.MannerofPayments
¡¡¡¡Section3.4.ObligationsUnconditional
¡¡¡¡Section3.5.LimitedObligation
¡¡¡¡Section3.6.CalculationofRetainedTaxIncrement
¡¡¡¡Section3.7.Revaluation
¡¡¡¡ARTICLEIV
¡¡¡¡Section4.1.PledgeofProjectCostAccount
¡¡¡¡Section4.2.PerfectionofInterest
¡¡¡¡Section4.3.FurtherInstruments
¡¡¡¡Section4.4.NoDispositionofDeveloperSubaccount
¡¡¡¡Section4.5.AccesstoBooksandRecords
¡¡¡¡ARTICLEV
¡¡¡¡Section5.1.EventsofDefault
¡¡¡¡Section5.2.RemediesonDefault
¡¡¡¡Section5.3.RemediesCumulative
¡¡¡¡Section5.4.AgreementtoPayAttorneys'FeesandExpenses
¡¡¡¡Section5.5.TaxLaws
¡¡¡¡ARTICLEVI
¡¡¡¡Section6.1.EffectiveDateandTerm
¡¡¡¡Section6.2.CancellationandExpirationofTerm
¡¡¡¡ARTICLEVII
¡¡¡¡Section7.1.ConsenttoPledgeand/orAssignment
¡¡¡¡Section7.2.Pledge,AssignmentorSecurityInterest
¡¡¡¡Section7.3.Assignment
¡¡¡¡ARTICLEVIII
¡¡¡¡Section8.1.Successors
¡¡¡¡Section8.2.PartiesinInterest
¡¡¡¡Section8.3.Severability
¡¡¡¡Section8.4.NoPersonalLiabilityofOfficialsoftheCity
¡¡¡¡Section8.5.Counterparts
¡¡¡¡Section8.6.GoverningLaw
¡¡¡¡Section8.7.Notices
¡¡¡¡Section8.8.Amendments
¡¡¡¡Section8.9.NetAgreement
¡¡¡¡Section8.10.BenefitofAssigneeorPledges
¡¡¡¡Section8.11.Integration
¡¡¡¡Section8.12.Disputes
¡¡¡¡Section8.13.Arbitration
¡¡¡¡THISCREDITENHANCEMENTAGREEMENTdatedasof_________,_________,_________(M/D/Y),betweentheAAA,_________(the'City'),amunicipalbodycorporateandpoliticandapoliticalsubdivisionoftheStateof_________,andBBBCorporation(the'Developer'),a_________(ADDRESS)corporationwithaplaceofbusinessinBath,_________(ADDRESS).
¡¡¡¡WITNESSETHTHAT
¡¡WHEREAS,theCitydesignatedTheBBBMunicipalDevelopmentandTaxIncrementFinancingDistrict#1andTheBBBMunicipalDevelopmentandTaxIncrementFinancingDistrict#2(the'Districts')pursuanttoChapter207ofTitle30-Aofthe_________(ADDRESS)RevisedStatutes,asamended,byactionoftheCityCouncilataCityCouncilMeetingheldon_________,_________,_________(M/D/Y)(the'Vote')andpursuanttothesameVoteadoptedadevelopmentprogramandfinancialplanfortheDistricts(the'DevelopmentProgram');and
¡¡¡¡WHEREAS,the_________(ADDRESS)DepartmentofEconomicandCommunityDevelopmenthasreviewedandacceptedtheDistrictandtheDevelopmentProgrameffective_________,_________,_________(M/D/Y);and
¡¡¡¡WHEREAS,theDevelopmentProgramcontemplatestheexecutionanddeliveryofacreditenhancementagreementbetweentheCityandtheDeveloper;and
¡¡¡¡WHEREAS,theCityandtheDeveloperdesireandintendthatthisCreditEnhancementAgreementbeandconstitutethecreditenhancementagreementcontemplatedbyanddescribedintheDevelopmentProgram;
¡¡¡¡NOW,THEREFORE,inconsiderationoftheforegoingandinconsiderationofthemutualpromisesandcovenantssetforthherein,thepartiesherebyagreeasfollows:
¡¡¡¡ARTICLEI
¡¡¡¡DEFINITIONS:
INTERPRETATIONS
¡¡¡¡SECTION1.1.DEFINITIONS.ThetermsdefinedinthisArticleIshall,forallpurposesofthisAgreement,havethemeaningshereinspecified,unlessthecontextclearlyrequiresotherwise:
¡¡¡¡'Agreement'shallmeanthisCreditEnhancementAgreementbetweentheCityandtheDeveloper.
¡¡¡¡'CapturedAssessedValue'shallmeanthevaluationamountbywhichthethencurrentassessedvalueoftheDistrictsexceedstheOriginalAssessedValueoftheDistricts.
¡¡¡¡'City'meanstheAAA,_________(ADDRESS),amunicipalitydulyorganizedandexistingunderthelawsoftheStateof_________(ADDRESS).
¡¡¡¡'CityShare'means(a)alloftheRetainedTaxIncrementRevenuesotherthantheDeveloperSharethereofplus(b)allinterestandearningsonalloftheRetainedTaxIncrementRevenues,exceptasprovidedinSection3.1(e)hereof.
¡¡¡¡'Developer'meansBBBCorporation,a_________(ADDRESS)corporationwithaplaceofbusinessinBath,_________(ADDRESS).
¡¡¡¡'DevelopmentProgram'meansthedevelopmentprogramfortheDistrictasadoptedbytheBath
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