Brookfield Reimbursement Obligation Sample Clauses

Brookfield Reimbursement Obligation. City and Brookfield Beach Boulevard LLC, a California limited liability corporation (“Brookfield”) are parties to that certain reimbursement agreement dated May 1, 2006 (the “Brookfield Reimbursement Agreement”), pursuant to which Brookfield constructed certain improvements that benefited the Site in return for which City has agreed to cause the “Westgate Developer,” as defined in the Brookfield Reimbursement Agreement (“Developer,” hereunder), to reimburse Brookfield upon issuance of building permits in the sum of Seven Hundred Eighty-Six Thousand, Two Hundred Twenty-Five Dollars and Eighty-Two Cents ($786,225.82) at the Closing (the “Brookfield Reimbursement”). Developer shall pay such amount into Escrow at closing for the benefit of Brookfield.
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Brookfield Reimbursement Obligation. Agency and Brookfield Beach Boulevard LLC, a California limited liability corporation (“Brookfield”) previously entered into a reimbursement agreement pursuant to which Brookfield constructed certain improvements that benefited the Site in return for which Agency agreed to cause the reimbursement of the costs thereof upon development of the Site. Agency shall provide Developer with copies of invoices and other written evidence of Developer’s share of the reimbursable costs incurred by Brookfield pursuant to the reimbursement agreement. Accordingly, and as a condition to the Phase 1 Close of Escrow, without offset or deduction, the Developer shall pay to the Agency the sum of Six Hundred Fifty One Thousand, Five Hundred Dollars ($651,500) at the Phase 1 Closing (the “Phase 1 Brookfield Reimbursement”) and Six Hundred Fifty One Thousand, Five Hundred Dollars ($651,500) at the Phase 2 Closing (the “Phase 2 Brookfield Reimbursement”), if and only if the Phase 2 Closing occurs.‌‌‌
Sample 1

Related to Brookfield Reimbursement Obligation

  • PROCUREMENT OBLIGATIONS Notwithstanding any other provisions of this Part B, where in this Part B the Customer accepts an obligation to procure that a Former Supplier does or does not do something, such obligation shall be limited so that it extends only to the extent that the Customer's contract with the Former Supplier contains a contractual right in that regard which the Customer may enforce, or otherwise so that it requires only that the Customer must use reasonable endeavours to procure that the Former Supplier does or does not act accordingly.

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

  • Client Obligations 3.1 The Client shall:

  • STUDENT OBLIGATIONS The student agrees to use the property as his or her personal residence. The student shall maintain the interior of the property in a reasonably clean and safe condition, use reasonable care in consumption of utilities and services furnished by the landlord, and avoid unreasonable noise or other disruption of the privacy and peaceful enjoyment of the premises by the landlord and other students. The student shall be responsible for any damage to the property beyond reasonable wear and tear by the student, members of the student's family, or persons invited on the property by the student. The student shall not make, or cause to be made, any alterations to the property or its contents without first obtaining the written consent of the landlord. The student agrees to notify the landlord in writing about any needed repairs or violations of the Honor Code or Residential Living Standards involving other students or residents. *The BYU Student agrees to update their residential address on myBYU each semester/term, failure to do so will result in non-compliance fees of up to $175 and housing holds affecting their ability to register.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Recipient Obligations 2.1 The Recipient agrees to support the Project in accordance with this Agreement.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

  • Basic Obligations (1) The Authority shall carry out international search and international preliminary examination in accordance with, and perform such other functions of an International Searching Authority and International Preliminary Examining Authority as are provided under, the Treaty, the Regulations, the Administrative Instructions and this Agreement.

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

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