Agency Contribution Sample Clauses

Agency Contribution. During the Term, the Agency will make an annual payment to AMR (the “Agency Contribution”) for purposes of offsetting the expenses of providing the Services described herein. The Agency Contribution shall be payable to AMR in equal quarterly installments beginning September 31, 2020 and being due on the last day of each quarter thereafter. The annual Agency Contribution shall be: 2020 - $68,000.00 2021 - $71,400.00 2022 - $74,970.00 The Agency Contribution amount will increase by 5% compounded annually for each year after the initial term should the parties decide to renew this Agreement.
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Agency Contribution. Agency hereby agrees to provide Seven Million Eight Hundred Forty Thousand Dollars ($7,840,000), plus any interest due as a result of any deferral pursuant to Section 2.4.C, to fund a portion of the cost of the construction of the Joint Projects, to be funded pursuant to this Agreement in thirty-nine (39) annual payments commencing in the 2011-12 fiscal year in accordance with the Schedule of Annual Payments listed in Exhibit “A” (the “Agency Contribution”).
Agency Contribution. Agency (Centre City) hereby agrees to provide Thirty One Million Three Hundred Sixty Thousand Dollars ($31,360,000), plus any interest due as a result of any deferral pursuant to Section 2.3.C, to fund a portion of the cost of the construction of the North Embarcadero Project Improvements, to be paid to the County pursuant to this Agreement in thirty-nine (39) annual payments commencing in the 2011-12 fiscal year in accordance with the Schedule of Annual Payments listed in Exhibit “A” (the “Agency Contribution”).
Agency Contribution. Provided that the Developer has satisfied all of the conditions precedent set forth in Article 2 above, the Agency shall pay the Agency Contribution in an amount up to Eight Hundred Twenty-Five Thousand Dollars ($825,000) for Eligible Development Impact Fees. To the extent the Eligible Development Impact Fees exceed the Agency Contribution, the Developer shall be solely responsible for all such excess amounts necessary to pay such fees. Except for the payment of the Agency Contribution, as between the Agency and the Developer, the Developer shall be solely responsible for all other costs and expenses related to the development and operation of the Project. At any time after receiving the Agency Contribution, the Developer, in its sole discretion, may terminate this Agreement by delivering written notice to the Agency and paying the Agency Contribution to the Agency plus interest at the Interest Rate. Upon such termination, this Agreement will terminate and the Agency will deliver an executed release of the Agency Covenant to be recorded in the Real Property Records of Xxxxxx County, California and neither the Developer nor the Agency shall have any further rights, duties, or obligations under this Agreement (except for those obligations that explicitly survive termination). Prior to receiving the Agency Contribution, the Developer, in its sole discretion, may terminate this Agreement by delivering written notice to the Agency and upon such termination, the Agency will deliver an executed release of the Agency Covenant to be recorded in the Real Property Records of Xxxxxx County, California and neither the Developer nor the Agency shall have any further rights, duties, or obligations under this Agreement (except for those obligations that explicitly survive termination).
Agency Contribution. A  A ‘required revenue’ profile was developed based on the capital and O&M assumptions provided by HDR. The projected $240 million in capital costs in 2018$’s ($475 million in cash terms) was used to develop a financing structure using debt and equity. The annual required revenue profile was developed on a basis consistent with the required return under a DBFOM P3 commercial structure. B Avg. Monthly Bill (7,500 Gallons) 2015 2019 2024 Sarpy (O+2%) $49.37 $60.01 $76.59 Omaha $50.28 $66.23 $85.54  Omaha+2%: Assumes a rate comparable to Omaha’s in 2015 (~$50) and grows at of inflation (3%) plus 2%, which remains below Omaha’s projected rate profile in the near future  Omaha+: Assumes a rate comparable to Omaha’s in 2015 (~$50) and grows at inflation (3%) C  The project is financially viable in the medium to long term, but analysis suggests that revenue from rate payers will not cover the required revenue for the first 7-8 years of Phase 1A. The cumulative shortfall is estimated to be between $12.5 million and $18.5 million, where the Agency is likely to be required to pay the P3 Developer more than is earned from system users. Estimates of the revenue required by a P3 developer show steps with the completion of each phase, as payments are made by the Agency to allow the P3 developer to recover operating costs, financing costs and return. Capacity Met P3 Open P2 Open P1B Open P1A Open ($000) 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - O&M (Fixed) O&M (Variable) Debt Service & Equity Return Required Revenue Increasing rates by approximately 5% per year over the 50 year term of the analysis yields an additional $3.3bn in revenue for the Agency as compared to a 3% increase. Total Over Period ($B) $5.9 $2.6 Capacity Met P3 Open P2 Open P1B Open P1A Open ($000) 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Omaha+ Omaha+ 2% For the user growth profile underpinning the analysis, increases in user rates of approximately 5% per year until the early 2040’s are required to create an economically viable system Capacity Met P3 Open P2 Open P1B Open P1A Open ($000) 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - O&M (Fixed) O&M (Variable) Debt Service & Equity Return Required Revenue Projected Revenue (Omaha +) Projected Revenue (Omaha +2%) C Estimated shortfall between required and user revenues Estimated shortfalls in revenue occur during the majority of Phase 1A, and thereafter in the years immediately...
Agency Contribution. Agency anticipates providing partial financial assistance for the reimbursement of actual construction costs of the BGC Facility (the “Agency Contribution”). The Agency Contribution shall be conditioned upon the sale of the “Site” (as defined in the Brookfield ENA) for residential development to Brookfield, at a price to be determined, in connection with a definitive agreement as contemplated by the Brookfield ENA. In no event shall the Agency Contribution exceed the net sales proceeds received by the Agency pursuant to the disposition of “Site” to Brookfield. BGC shall be responsible for funding the remainder of the pre-development and construction costs, including any cost overruns. The Parties anticipate that construction of the BGC Facility will be subject to prevailing wage requirements.

Related to Agency Contribution

  • City Contribution 387. The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • County Contribution The EMPLOYER shall make the following annual contributions to an eligible employee’s HCSP account beginning in 2009. The EMPLOYER’S annual lump sum contribution shall be made the second paycheck in February of each year in the amount determined by the service threshold as of December 31 of the same calendar year.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Payment of Contributions The College and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Are My Contributions to a Traditional IRA Tax Deductible Although you may make a contribution to a Traditional IRA within the limitations described above, all or a portion of your contribution may be nondeductible. No deduction is allowed for a rollover contribution (including a “direct rollover”) or transfer. For “regular” contributions, the taxability of your contribution depends upon your tax filing status, whether you (and in some cases your spouse) are an “active participant” in an employer-sponsored retirement plan, and your income level. An employer-sponsored retirement plan includes any of the following types of retirement plans: • a qualified pension, profit-sharing, or stock bonus plan established in accordance with IRC 401(a) or 401(k); • a Simplified Employee Pension Plan (SEP) (IRC 408(k)); • a deferred compensation plan maintained by a governmental unit or agency; • tax-sheltered annuities and custodial accounts (IRC 403(b) and 403(b)(7)); • a qualified annuity plan under IRC Section 403(a); or • a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE Plan). Generally, you are considered an “active participant” in a defined contribution plan if an employer contribution or forfeiture was credited to your account during the year. You are considered an “active participant” in a defined benefit plan if you are eligible to participate in a plan, even though you elect not to participate. You are also treated as an “active participant” if you make a voluntary or mandatory contribution to any type of plan, even if your employer makes no contribution to the plan. If you are not married (including a taxpayer filing under the “head of household” status), the following rules apply: • If you are not an “active participant” in an employer- sponsored retirement plan, you may make a contribution to a Traditional IRA (up to the contribution limits detailed in Section 3). • If you are single and you are an “active participant” in an employer-sponsored retirement plan, you may make a fully deductible contribution to a Traditional IRA (up to the contribution limits detailed in Section 3), but then the deductibility limits of a contribution are related to your Modified Adjusted Gross Income (AGI) as follows: Year Eligible to Make a Deductible Contribution if AGI is Less Than or Equal to: Eligible to Make a Partially Deductible Contribution if AGI is Between: Not Eligible to Make a Deductible Contribution if AGI is Over: 2020 $65,000 $65,000 - $75,000 $75,000 2021 & After - subject to COLA increases $66,000 $66,000 - $76,000 $76,000 If you are married, the following rules apply: • If you and your spouse file a joint tax return and neither you nor your spouse is an “active participant” in an employer-sponsored retirement plan, you and your spouse may make a fully deductible contribution to a Traditional IRA (up to the contribution limits detailed in Section 3). • If you and your spouse file a joint tax return and both you and your spouse are “active participants” in employer- sponsored retirement plans, you and your spouse may make fully deductible contributions to a Traditional IRA (up to the contribution limits detailed in Section 3), but then the deductibility limits of a contribution are as follows: Year Eligible to Make a Deductible Contribution if AGI is Less Than or Equal to: Eligible to Make a Partially Deductible Contribution if AGI is Between: Not Eligible to Make a Deductible Contribution if AGI is Over: 2020 $104,000 $104,000 - $124,000 $124,000 2021 & After - subject to COLA increases $105,000 $105,000 - $125,000 $125,000 • If you and your spouse file a joint tax return and only one of you is an “active participant” in an employer- sponsored retirement plan, special rules apply. If your spouse is the “active participant,” a fully deductible contribution can be made to your IRA (up to the contribution limits detailed in Section 3) if your combined modified adjusted gross income does not exceed $196,000 in 2020 or $198,000 in 2021. If your combined modified adjusted gross income is between $196,000 and $206,000 in 2020, or $198,000 and $208,000 in 2021, your deduction will be limited as described below. If your combined modified adjusted gross income exceeds $206,000 in 2020 or $208,000 in 2021, your contribution will not be deductible. Your spouse, as an “active participant” in an employer- sponsored retirement plan, may make a fully deductible contribution to a Traditional IRA if your combined modified adjusted gross income does not exceed the amounts listed in the table above. Conversely, if you are an “active” participant” and your spouse is not, a contribution to your Traditional IRA will be deductible if your combined modified adjusted gross income does not exceed the amounts listed above. • If you are married and file a separate return, and neither you nor your spouse is an “active participant” in an employer-sponsored retirement plan, you may make a fully deductible contribution to a Traditional IRA (up to the contribution limits detailed in Section 3). If you are married, filing separately, and either you or your spouse is an “active participant” in an employer-sponsored retirement plan, you may not make a fully deductible contribution to a Traditional IRA. Please note that the deduction limits are not the same as the contribution limits. You can contribute to your Traditional IRA in any amount up to the contribution limits detailed in Section 3. The amount of your contribution that is deductible for federal income tax purposes is based upon the rules described in this section. If you (or where applicable, your spouse) are an “active participant” in an employer- sponsored retirement plan, you can refer to IRS Publication 590-A: Figuring Your Modified AGI and Figuring Your Reduced IRA Deduction to calculate whether your contribution will be fully or partially deductible. Even if your income exceeds the limits described above, you may make a contribution to your IRA up to the contribution limitations described in Section 3. To the extent that your contribution exceeds the deductible limits, it will be nondeductible. However, earnings on all IRA contributions are tax deferred until distribution. You must designate on your federal income tax return the amount of your Traditional IRA contribution that is nondeductible and provide certain additional information concerning nondeductible contributions. Overstating the amount of nondeductible contributions will generally subject you to a penalty of $100 for each overstatement.

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