Approval and Disapproval of Documents and Funding Sample Clauses

Approval and Disapproval of Documents and Funding. (i) Metro will have up ten (10) Days following a Quarterly Meeting or Annual Meeting to Approve or object to any payments or documents not Approved at the Quarterly or Annual Meeting. If Metro fails to provide comments, raise questions, or expressly refuses to accept part or all of the documents submitted by Parking Company within the above referred 10- Day term, then Parking Company’s payments or documents will be deemed Approved by Metro. Absent reasonable objection by Metro to the disbursements requested by Parking Company, and contingent on the occurrence of the Quarterly Meeting and receipt of supporting documentation reasonably requested by Metro, on or before the last Day of the calendar month following the end of each Quarter, Metro will direct disbursements of available funds in the Metro Account to the Operating Expense Account, the Capital Expense Account and to the designated accounts of Metro and Parking Company for receipt of funds under the Waterfall. If Metro reasonably objects to proposed disbursements and the Parties are not able to resolve the disagreement, Metro will authorize disbursements in the amount not subject to dispute and withhold any amounts subject to dispute for resolution as provided in Article 20. Metro agrees that it shall not object to any disbursements proposed by Parking Company if such disbursements conform to the Business Plan, Operations Plan or Capital Improvements Plan, as applicable, previously approved by Metro, unless there has been a change of circumstances that has resulted in such plans being outdated. Metro will have no obligation to modify the Business Plan or the Operating Standards or to Approve payments or documents not conforming to the Business Plan or the Operating Standards most recently Approved by Metro. (ii) Notwithstanding an objection by Metro, to ensure that Parking Company is able to pay current expenses as they become due, Parking Company may (x) utilize any amounts in the Operating Expense Account or Capital Expense Account to pay current expenses of the Metered Parking System and (y) require disbursements by Metro from the Metro Account into the Operating Expense Account and Capital Expense Account as Parking Company deems necessary to allow Parking Company to pay current expenses.
Sample 1
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Related to Approval and Disapproval of Documents and Funding

  • Approval of Documents The form and substance of all certificates, instruments and other documents required to be delivered to the Seller under this Agreement shall be reasonably satisfactory in all respects to the Seller and its counsel.

  • Approval of Documentation The form and substance of all certificates, instruments, opinions, and other documents delivered to Buyer under this Agreement shall be satisfactory in all reasonable respects to Buyer and its counsel.

  • Precedence of Documents In the event of any conflict between the body of this Agreement and any Exhibit or Attachment hereto, the terms and conditions of the body of this Agreement shall control and take precedence over the terms and conditions expressed within the Exhibit or Attachment. Furthermore, any terms or conditions contained within any Exhibit or Attachment hereto which purport to modify the allocation of risk between the parties, provided for within the body of this Agreement, shall be null and void.

  • Submittal of Documents The Consultant shall not commence the Services under this Agreement until the Consultant has submitted and the District has approved the certificate(s) and affidavit(s), and the endorsement(s) of insurance required as indicated below:

  • Removal of Documents A. Written reprimands will be removed from an employee’s personnel file after three

  • Amendment of Documents 2.6.1 At any time prior to the deadline for submission of tenders, the Procuring entity, for any reason, whether at its own initiative or in response to a clarification requested by a prospective tenderer, may modify the tender documents by amendment. 2.6.2 All prospective candidates that have received the tender documents will be notified of the amendment in writing or by post and will be binding on them. 2.6.3 In order to allow prospective tenderers reasonable time in which to take the amendment into account in preparing their tenders, the Procuring entity, at its discretion, may extend the deadline for the submission of tenders.

  • Review of Documents Borrower has reviewed: (a) the Note, (b) the Security Instrument, (c) the Commitment Letter, and (d) all other Loan Documents.

  • Priority of Documents In the event of inconsistency between the terms of this Agreement and the Project Manual, the terms of this Agreement shall prevail.

  • Inspection of Documents Consulting Engineer/Architect shall maintain all Project records for inspection by City during the contract period and for three (3) years from the date of final payment.

  • Release of Documents Upon instruction from the Indenture Trustee, the Servicer shall release any Receivable File to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee, as the case may be, at such place or places as the Indenture Trustee may designate, as soon as practicable.

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