Amount of EDRBs Sample Clauses

Amount of EDRBs. Developer has previously submitted an application for EDRB financing to the City in an aggregate amount not to exceed $240,000,000 for the entire Amended Project, which EDRB financing would provide an exemption for sales taxes on construction materials. A copy of Developer's original application is attached hereto as Exhibit T-1R-1. It is the City's present intention to issue EDRBs in multiple series within each Phase based upon the build out of the Amended Project as described in the principal amount of the costs of the Improvements for Phase 1 of the Project and an additional amount for the subsequent costs of the Improvements for Phase 2, and any other improvements described in Article II as components of the Projectin Article II. On January 28, 2019 the City approved Resolution No. 4496 declaring the City's intent to issue EDRBs in an amount not to exceed $90,000,000 for a portion of the Improvements for Phase 1 . Developer has subsequently submitted (i) a revised EDRB application for Phase 1 of the Project (for the purpose of obtaining a sales tax exemption for construction materials, equipment and labor as described in Section 7.01 herein), a copy of which application is hereby attached as Exhibit T-2, and (ii) a separate EDRB application for the Arena and Multi-Sport Complex (for the purpose of obtaining a sales tax exemption and abatement of ad valorem property taxes as described in Section 7.04 below), a copy of which application is hereby attached at Exhibit T-3. The City will advance a resolution of intent for of the Project, and on July 22, 2019, the City approved Resolution No. 4496,A to amend the prior resolution to an amount not to exceed $54,500,000 for Phase 1 Improvements and a 49,500,000. This resolution of intent has now expired. Developer now intends to submit an application for EDRB financing to the City in an aggregate amount not to exceed $265,000,000 for the entire Amended Project, which EDRB financing would provide an exemption for sales taxes on construction materials, and requesting an extension of the resolution of intent for Phase 1 of the Project in an amount not to exceed $83,500,000 for the Arena and Multi-Sport Complex, which resolutions of intent will be advanced to the Governing Body for consideration on July 22, 2019, which may be approved by the Governing Body in its discretion49,500,000. Following receipt of such application, the City will advance an amended resolution of intent as described in the prior sentence for ...
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Related to Amount of EDRBs

  • Amount of Rs ( ) (not exceeding 95% of the total consideration) to be paid to the Promoter on completion of the lifts, water pumps, electrical fittings, electro, mechanical and environment requirements, entrance lobby/s, plinth protection, paving of areas appertain and all other requirements as may be prescribed in the Agreement of sale of the building or wing in which the said Apartment is located.

  • Amount of Fee Prior to the beginning of each membership year, the Association will notify the Board in writing of the amount of the regular membership dues, initiation fees and assessments charged by the Association to its own members for that membership year. The representation fee to be paid by nonmembers will be equal to the maximum allowed by law.

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $2,000,000.

  • Amount of Paid Personal Leave (i) Paid personal leave is available to an employee, when they are absent:

  • Amount of Sick Leave (a) Full-time Employees - Full-time employees shall accumulate sick pay credits at the rate of one and a half (1-1/2) days per month for each calendar month of service up to a maximum credit of 240 days. The Parties agree that full-time employees will not accumulate sick leave credits during the separation period during July and August.

  • Amount of Payment The “Early Termination Payment” payable to a Member pursuant to Section 4.3(a) shall equal the present value, discounted at the Early Termination Rate as determined as of the Early Termination Reference Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to such Member, whether payable with respect to Units that were Exchanged prior to the Early Termination Effective Date or on or after the Early Termination Effective Date, beginning from the Early Termination Effective Date and using the Valuation Assumptions. For the avoidance of doubt, an Early Termination Payment shall be made to each Member, regardless of whether such Member has Exchanged all of its Units as of the Early Termination Effective Date.

  • Reimbursement of Eligible Costs To be eligible for reimbursement, the Engineer's costs must (1) be incurred in accordance with the terms of a valid work authorization; (2) be in accordance with Attachment E, Fee Schedule; and (3) comply with cost principles set forth at 48 CFR Part 31, Federal Acquisition Regulation (FAR 31). Satisfactory progress of work shall be maintained as a condition of payment.

  • Penal Amount of Bonds, State Law The Contractor acknowledges and agrees that, pursuant to O.C.G.A. §§13-10-2, 13-10-20, 13-10-40 and 13-10-60, the performance bond and the payment bond must be in a penal amount equal to at least 100% of the Contract Sum. Accordingly, the Contractor warrants and agrees that, for any Change Order increasing the Contract Sum by five percent or more or when the total cost of the work has increased by five percent or more, it shall obtain a written amendment to the payment bond and the performance bond increasing the penal amounts of both bonds to 100% of the Contract Sum, effective as of the date of the Change Order. The premium increase, if any, may be properly included in the cost of the Change Order. The Design Professional shall approve no payment for the work provided by the Change Order until the Contractor has provided the written amendment to the Owner.

  • Outstanding Amount The Issuing and Paying Agent shall, upon request from the Issuer, the Trustee, the Guarantor or any Dealer, inform such person of the aggregate nominal amount of Notes, or Notes of any particular Series, then outstanding at the time of such request. In the case of Notes represented by an NGN, the nominal amount of Notes represented by such NGN shall be the aggregate amount from time to time entered in the records of both Euroclear and Clearstream, Luxembourg. The records of Euroclear and Clearstream, Luxembourg shall be conclusive evidence of the nominal amount of Notes represented by the relevant NGN and for such purposes, a statement issued by Euroclear or Clearstream, Luxembourg stating the nominal amount of Notes represented by the relevant NGN at any time shall be conclusive evidence of the records of the relevant clearing systems at that time. Payments made by the Issuer in respect of Notes represented by an NGN shall discharge the Issuer’s obligations in respect thereof. Any failure to make the entries in the records of the relevant clearing systems shall not affect such discharge.

  • Amount of Leave An employee may be granted paid leave to attend defence forces reserves training programs or courses on the following basis: Service Annual Training School, class or course of instruction Navy 13 calendar days 13 calendar days Army 14 calendar days 14 calendar days Air Force 16 calendar days 16 calendar days

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