Authority Contribution Sample Clauses

Authority Contribution. The Authority Contribution shall be funded by the Authority as follows: (i) The Metropolitan Government shall enter into the Intergovernmental Project Agreement with the Authority pursuant to which the Non-Tax Revenues shall be made available to replenish the debt service reserve fund established in favor of the Authority Bonds, and the Authority will issue the Authority Bonds to fund a portion of the costs of the Project, contingent upon (i) Final Plans being acceptable to the Fair Board, (ii) the Project meeting the Minimum Design Standards, (iii) the Authority’s and the Fair Board’s satisfaction that the Project Costs do not exceed the sum of the Authority Contribution, the State Grant, the portion of the CVC grant not used for Pre-Development Expenses, and the Bristol Contribution, and (iv) the Authority’s and the Fair Board’s satisfaction that the State Grant and Bristol Contribution have or will be timely funded in accordance with the terms hereof. (ii) Within 30 days after the satisfaction of the conditions set forth in (i) above and the written request of Bristol, the Authority shall issue the Authority Bonds and cause the Authority Contribution to be deposited into the “Project Fund” established with the Bond Trustee under the Bond Indenture (the “Bond Proceeds Account”).
Sample 1
Authority Contribution. Within three (3) Business Days after execution of this Agreement, the Authority shall deliver $4,365,000 to the Trustee for deposit into the Authority Construction Fund. The Authority shall provide the City with a written certification signed by the Authority Representative certifying as to the deposit by the Authority into the Authority Construction Fund. Further, upon the execution and delivery by the City of a Construction Contract, the City shall promptly provide a copy of such Construction Contract to the Authority; provided, however, if the Construction Contract is not executed and delivered on or prior to December 31, 2003, the Authority may, in its sole discretion and upon written notice to the City, immediately terminate this Agreement and the Construction Trust Account Agreement. Upon such termination, the City shall immediately refund to the Authority that portion of the Authority Contribution used to fund Project Costs, if any. After the Authority has deposited the Authority Contribution as required by this Section 3.3, the Authority shall have no further obligation to fund the Construction Trust Account or the Project Costs.
Sample 1

Related to Authority Contribution

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

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • 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.

  • Equity Contribution Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Equity Contribution shall be consummated.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Local Subdivision Contribution The Recipient shall, at a minimum, contribute to the Project (the "Local Subdivision Contribution") the Local Subdivision Participation Percentage as set forth in Appendix D of this Agreement. The Local Subdivision Contribution to the Project shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement for the completion of the Project as defined and described in Appendix A of this Agreement.

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • 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

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