Alternative Funding Clause Samples

The Alternative Funding clause establishes provisions for securing financial resources from sources other than the primary or originally intended funding. This clause typically outlines the conditions under which alternative funding may be sought, such as if the main funding falls through or is insufficient, and may specify acceptable alternative sources or procedures for approval. Its core practical function is to ensure that a project or obligation can continue without interruption by providing a backup plan for financing, thereby reducing the risk of delays or failure due to funding shortfalls.
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Alternative Funding. If the Borrower and the Lender are unable to agree an Interest Rate or Rates, Interest Period or Periods and Interest Date or Dates or basis of funding for the Lender within a period not exceeding 30 days of the giving of such Determination Notice, the Lender shall set an Interest Rate or Rates, an Interest Period or Periods and Interest Date or Dates or basis of funding for the Lender all to take effect from the expiration of the Interest Period current at the date of the Determination Notice, which Interest Rate or Rates shall be the aggregate of the Applicable Margin and the cost to the Lender of funding the Loan or relevant part thereof (as the case may be) in any available currency for the Interest Period or Periods so set.
Alternative Funding. The Program Manager and the Implementing Committee will pursue cooperative and grant funding to the extent available from all state, federal, and other private sources for eligible activities included in the Program. The Parties acknowledge that action by the Texas Legislature or other efforts subsequent to the Effective Date may result in adoption of a regional sales tax or other alternative source to fund the Program.
Alternative Funding. 28 Section 6.5. Refund Upon Termination of this Agreement. 29 Article SevenAdaptive Management Process 30 Section 7.1. Purpose. 30 Section 7.2. EAA Responsibilities. 30 Section 7.3. Adaptive Management in Program Phases. 31 Section 7.4. Biological Goals, Biological Objectives, and Adaptive Management. 32 Section 7.5. Monitoring. 32 Section 7.6. AMP Decisions. 34 Section 7.7. Implementing Committee 35 Section 7.8. Stakeholder Committee 38
Alternative Funding. The City may issue Additional Revenue Bonds and incur Subordinated Indebtedness to fund any of the capital improvements that have not been disapproved by vote of a Majority In Interest given as provided in Section 8.07. The City may issue Additional Revenue Bonds and incur Subordinated Indebtedness to refund outstanding Revenue Bonds or Subordinated Indebtedness. However, any such refunding transaction that does not generate net debt service savings on an average annual basis and an aggregate basis shall be submitted to the Scheduled Airlines for review and may be undertaken by the City only if the refunding transaction has not been disapproved by vote of a Majority In Interest given as provided in Section 8.07. The City may also enter into Hedge Agreements and obtain Credit Support Instruments that are not considered to be obligations in respect of principal or interest on Revenue Bonds or Subordinated Indebtedness, subject to review of such arrangements by the Scheduled Airlines and provided that such arrangements have not been disapproved by vote of a Majority In Interest given as provided in Section 8.07. The debt service, debt service reserve and other payment requirements of any such Additional Revenue Bonds, Subordinated Indebtedness, Credit Support Instruments and Hedge Agreements shall be considered in any subsequent adjustment of Rentals or Landing Fees hereunder.
Alternative Funding. Sources The Lead Agency shall make reasonable efforts to obtain other available funds from private and public sources. UWGLC shall take reasonable steps to assist the Lead Agency in such efforts.
Alternative Funding. 1. A staff member may fund an overseas conference without the use of their Overseas Conference Leave entitlement in one or both of the following ways: a) Exchange of a maximum of two months accumulated eligibility from their research and study leave eligibility in return for the equivalent grant. b) Exchange of New Zealand conference leave eligibility. See 6.1.6 below.
Alternative Funding. 26 14.5 PREPAYMENT..................................................26
Alternative Funding it may be possible to agree that we are paid on the basis of a conditional fee (in limited circumstances we can agree to a contingent fee or damages based agreement). This means that we would be paid only in the event that the action is successful. We would however charge you more than our usual fee. As well as conditional fee arrangements there are certain commercial insurance-based schemes which may also be available. We are not in a position to advise you as to which of these schemes may be appropriate, but by way of illustration refer you to a scheme produced by Greystoke Legal Services Limited called Law Assist. For a premium to be paid on the individual case, Law Assist can provide cover for not only our costs but also the Defendant’s costs. So far as our costs are concerned, this effectively acts as a loan which is repayable at completion of the action. In the event that the case is won then the bulk of the loan would be repayable by the Defendants. So far as the opponent’s costs are concerned if the action is wholly unsuccessful then the policy will cover the costs payable to the Defendants. You must tell us if you require further information on alternative funding options, failing which you will be charged on the normal hourly rate incurred basis.
Alternative Funding. The Parties acknowledge that action by the Texas Legislature or other efforts subsequent to the Effective Date may result in adoption of a regional sales tax or other alternative source to fund the Program. In that event, the funding obligations of the Parties as described in this Agreement will shall terminate on the effective date of any such tax or other funding source, and funding responsibilities for the Program and activities described in this Agreement will be the responsibility of the administrator of the tax as provided by the legislation establishing such a tax, or the documents establishing another funding source. The Parties acknowledge and agree that, to the maximum extent possible, the sales tax or other funding source revenues will be used first to discharge the obligations of the EAA hereunder for funding of Phase One actions and any Phase Two actions required by the Service consistent with the HCP. To the extent that additional funds are available, they will be used to reimburse the Parties for their individual funding obligations hereunder on a pro-rata basis.
Alternative Funding. If so requested by the Borrower, the Facility Agent and the Banks shall use reasonable efforts to make the participation in the Loan Commitment/Loan of the Bank affected by the circumstances contemplated in Clause 14.1 (Increased costs), 14.2 (Illegality) or 14.3 (Unavailability of funds), available from alternative sources.