Cid Financing Sample Clauses

Cid Financing. Section 3.02 provides for the imposition of a CID sales tax in the amount of one percent (1%) on retail sales within the CID district. Section 3.02 also states that Xxxxxxxxx's eligible improvements may be reimbursed with pay-as-you-go CID financing, consisting of revenues received from the CID sales tax from time to time. Additionally, the Hawthorne Plaza CID will be limited in a number of important ways:
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Cid Financing. A. The County has, by Resolution No. 2012-001, authorized a 2% sales tax on sales within the Downtown Anthony Community Improvement District. The Kansas Department of Revenue has commenced imposition of the CID sales tax in accordance with Resolution No. 2012-001.
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Cid Financing. Section 6.01. CID Creation. 20 Section 6.02. CID Sales Tax. 20 Section 6.03. CID Sales Tax Funds. 20 Section 6.04. CID Application Fee. 21 Section 6.05. Payment of the State Administrative Fee, City’s Administrative Service Fee and City Expenses. 21 Section 6.06. Pay-as-you-go Financing of the CID Eligible Costs. 21 Section 6.07. Certification of CID Expenditures. 21 Section 6.08. Reimbursement. 22 Section 6.09. Sales Tax Information. 22 Section 6.10. CID Termination. 22 Section 6.11. Modification of the District. 22 Section 6.12. Public Disclosure. 23 ARTICLE VI PARKING AGREEMENTS Section 7.01. Parking Agreement. 23 Section 7.02. Skywalk Agreement. 23 Section 7.03. Option to Purchase Agreement 23
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Cid Financing. The Agreement also contemplates the creation of a CID sales tax of 1% on retail sales to be added on top of the base sales taxes within the District, the proceeds of which may be used for pay-as-you-go financing to the Developer. The CID pay-as-you-go financing in this Agreement is only for use on site improvements specified in the Project Budget and would also be limited in a number of important ways:
Sample 1
Cid Financing. Section 5.01. CID Sales Tax. 13 Section 5.02. CID Sales Tax Fund. 13 Section 5.03. Pay-as-you-go Financing of the CID Costs. 13 Section 5.04. Certification of Expenditures 13 Section 5.05. Reimbursement 14 Section 5.06. Payment of the City’s Administrative Service Fee and Other Eligible Expenses. 14 Section 5.07. Sales Tax Information. 14 Section 5.08. Termination of the CID 15 Section 5.09. Modification of the District 15 Section 5.10. Public Disclosure. 15
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Cid Financing. Section 3.01. Pay-as-you-go Financing of the CID Costs. 2 Section 3.02. Certification of Expenditures. 3 Section 3.03. Reimbursement. 3 Section 3.04. Payments to the City. 3 Section 3.05. Sales Tax Information. 3
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Cid Financing. Section 3.01. Pay-as-you-go Financing of the CID Costs. The CID Sales Tax will be used to reimburse CNP2 for costs of the CID Project, subject to the terms of this Agreement. Reimbursements will be made solely to CNP2, except for payment of the amounts payable to the City pursuant to Section 3.04 which will be deducted by the City in advance of distribution of the CID Sales Tax revenues to CNP2. So long as the total amount of CID Project costs requested for reimbursement through CID Sales Tax revenues does not exceed the actual amount expended for such use or the CID Costs Cap:
Sample 1
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Related to Cid Financing

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Equity Financing If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 1(a):

  • Third Party Financing If Product acquisitions are financed through any third party financing, Contractor may be required as a condition of Contract Award to agree to the terms and conditions of a “Consent & Acknowledgment Agreement” in a form acceptable to the Commissioner.

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • Financing (a) Subject to the terms and conditions of this Agreement, each of Parent and Merger Sub shall use its reasonable best efforts to (i) cause the Lender to fund the Debt Financing on the terms and conditions described in the Facility Agreement at or prior to the Effective Time, (ii) maintain in effect the Financing Commitments until the Transactions are consummated, (iii) satisfy on a timely basis all conditions precedent to funding of the Debt Financing applicable to Parent and Merger Sub in the Facility Agreement that are within its control, (iv) enforce its rights under the Rollover Agreement, Additional Rollover Agreements, the Equity Commitment Letter and the Facility Agreement to the extent necessary to fund the Merger Consideration, and (v) cause the Sponsor to fund the Equity Financing at or prior to the Effective Time; provided, that (i) Parent and Merger Sub may amend or modify the Financing Commitments and/or elect to replace all or any portion thereof; or (ii) in the event that any portion of the Debt Financing becomes unavailable other than due to the material breach of representations and warranties or covenants of the Company or a failure of a condition to be satisfied by the Company after providing notice to the Company and a reasonable opportunity to cure, Parent shall notify the Company and use its reasonable best efforts to arrange alternative financing (the “Alternative Financing”) from alternative sources in an amount sufficient, when added to the portion of the Financing that is available, for Merger Sub and the Surviving Corporation to pay (i) the Exchange Fund, and (ii) any other amounts required to be paid in connection with the consummation of the Transactions upon the terms and conditions contemplated hereby. Parent shall deliver to the Company as soon as practicable after such execution, a true and complete copy of the definitive agreement pursuant to which the Alternative Financing is committed to be provided (the “Alternative Facility Agreement”) as soon as practicable after execution thereof. To the extent applicable and subject to the terms and conditions of this Agreement, Parent and Merger Sub shall use their respective reasonable best efforts to obtain the Alternative Financing on the terms and conditions described in the Alternative Facility Agreement (including any “market flex” provision). Each of Parent and Merger Sub shall use its reasonable best efforts to (i) maintain in effect the Alternative Facility Agreement, (ii) satisfy on a timely basis all conditions in the Alternative Financing Agreement within its control, and (iii) enforce its rights under the Alternative Facility Agreement to the extent necessary to fund the Merger Consideration. Parent shall keep the Company reasonably informed on a reasonably current basis of the status of Parent’s efforts to arrange any Alternative Financing.

  • Credit Facilities 22 2.1 Loans....................................................................... 22 2.2 Letters of Credit........................................................... 22 2.3 Commitments................................................................. 25

  • Financing Arrangement 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.

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