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EDC Packet Signed from 2.6.2025
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EDC Packet Signed from 2.6.2025
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Dept of Community Investment
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ventures, societies, estates, trusts, corporations, public or governmental bodies, other legal entities <br />and natural persons. <br />"Project" means the development and construction of 2 buildings housing <br />approximately 291 apartments and an approximately 398 space structured garage located in the <br />Riverwalk Allocation Area (as defined in the Indenture) established by the Redevelopment <br />Commission. <br />"Redevelopment Commission" means the South Bend Redevelopment <br />Commission. <br />"State" means the State of Indiana. <br />"Target Completion Date" means December 31, 2028, subject to Section 8.8 of this <br />Agreement. <br />"Taxpayer Agreement" means the Taxpayer Agreement, dated as of <br />1, 2025, among the Redevelopment Commission, the City and the Company. <br />"Trustee" means <br />pursuant to the Indenture. <br />acting as trustee <br />Section 1.3. Interpretation. Any reference herein to the City, to the Legislative <br />Authority or to any member or officer of the City includes entities or officials succeeding to their <br />respective functions, duties or responsibilities pursuant to or by operation of law or lawfully <br />performing their functions. <br />Any reference to a section or provision of the Constitution of the State or the Act, <br />or to a section, provision or chapter of the Indiana Code or to any statute of the United States of <br />America, includes that section, provision or chapter or statute as amended, modified, revised, <br />supplemented or superseded from time to time; provided, that no amendment, modification, <br />revision, supplement or superseding section, provision or chapter or statute shall be applicable <br />solely by reason of this provision, if it constitutes in any way an impairment of the rights or <br />obligations of the City or the Company under this Agreement. <br />Unless the context indicates otherwise, words importing the singular number <br />include the plural number, and vice versa; the terms "hereof', "hereby", "herein", "hereto", <br />"hereunder" and similar terms refer to this Agreement; and the term "hereafter" means after, and <br />the term "heretofore" means before, the date of the Loan. Words of any gender include the <br />correlative words of the other genders, unless the sense indicates otherwise. <br />Section 1.4. Captions and Headings. The captions and headings in this <br />Agreement are solely for convenience of reference and in no way define, limit or describe the <br />scope or intent of any Articles, Sections, subsections, paragraphs, subparagraphs or clauses hereof. <br />(End of Article I) <br />
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