Calculation and Application of Credit Sample Clauses

Calculation and Application of Credit. The Actual Costs shall be projected, and such credit shall be calculated and applied, before issuance of the first certificate of occupancy or certificate of completion of a building in the East VillageTALUS Project. A project(s) cost ledger shall be created by the respective staffs of the City and the Master Developer. Such cost ledger shall define and include all Eligible Costs to be credited against the City’s TIF for the East VillageTALUS Project. After completion of the East VillageTALUS Project Phase I Transportation Improvements, and again after completion of the East VillageTALUS Project Buildout Improvements, the eligible costs shall be adjusted to reflect the Master Developer’s actual costs thereof. In summary, actual costs for credit may be clarifiedcredit for Actual Costs shall be governed by the following: 1. Credit is for eligible actual, auditable costs only; 2. Eligible costs are defined by the state auditor but would typically mean all applicable project development costs specifically generating plans, specifications and estimates of cost plus actual construction and construction management costs. 3. Eligible doescosts do not include costs for lobbying, land use development costs, cost of money/financing (time and effort spent getting on-site permits or authority to develop the land). Formatted: Bullets and Numbering 4. Eligible costs are defined as those costs that a state audit would allow a municipality when it spends money received in a grant. 5. Eligible costs shall include the Master Developer’s actual costs of off-site environmental studies, permitting, design, and engineering related to (a) the TALUS SR-900 North Mitigation Project required by Subsection 3.1.2.1, or to (b) a consolidated SR 900 project, including those portions of such a consolidated
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Related to Calculation and Application of Credit

  • Application of credit balances Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

  • Transcription of Credit For dual credit courses, high school as well as college credit should be transcripted immediately upon a student's completion of the performance required in the course. [TAC 19, Part 1, Chapter 4, Subchapter D, §4.85 (h)]

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Incorporation of Credit Agreement Provisions The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing Law; Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.

  • Incorporation of Credit Agreement The provisions contained in Sections 11.9 and 11.13 of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety, except with reference to this Amendment rather than the Credit Agreement.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

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