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.
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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.
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: (a) CNP2 may seek reimbursement of any particular line item designated as CID Project costs in the budget set forth on Exhibit E not exceeding 120% of the amount stated therein; and (b) CNP2 will be permitted to adjust the amounts estimated as CID Project costs within and between each line item with the written consent of the City Manager.
Cid Financing. Developer owns all of the property that comprises the CID, and the Agreement provides for the imposition of a 1.0% CID sales tax within the CID, for a period of up to twenty-two (22) years from the date that the CID sales tax is first imposed. The CID is pay- as-you-go only, with no opportunity for the issuance of bonds. The maximum amount of CID reimbursements available to Developer is capped at $2,027,798. The reimbursements of eligible expenses from pay-as-you-go CID financing are to be paid on a 50/50 basis between Developer's private funds and the available CID sales tax funds, and there shall not at any time during the CID sales tax collection term be more Project costs paid with CID sales tax proceeds than the amount of Project costs paid by Xxxxxxxxx's private funds.
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
Cid FinancingThe 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: (a) the CID collection period ends twenty 22 years from the date that the CID sales tax is first imposed; (b) reimbursement would be paid on a 50/50 basis between private funds and the available CID sales tax proceeds to ensure that at all times, the City will not have paid more CID proceeds to Developer than the amount of project costs paid by private funds; and (c) the maximum amount of CID reimbursements available to Developer is capped at $1,722,405 (the "CID Cap"), which represents a 44.3% reduction from the original CID Cap of $3,091,713 in the Original Redevelopment Agreement (at the direction of the FAED Committee for further evolution of the Project).
Cid FinancingSection 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 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 Section 7.01. Parking Agreement. 23 Section 7.02. Skywalk Agreement. 23 Section 7.03. Option to Purchase Agreement 23

Related to Cid Financing

  • Bridge Financing The Company shall have received the Bridge Financing Commitment Letter.

  • 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:

  • Purchaser Financing Purchaser assumes full responsibility to obtain the funds required for settlement, and Purchaser’s acquisition of such funds shall not be a contingency to the Closing.

  • Tail Financing Aegis shall be entitled to compensation under Section 3 herein, calculated in the manner set forth therein, with respect to any public or private offering or other financing or capital raising transaction of any kind ("Tail Financing") to the extent that such financing or capital is provided to the Company by funds whom Aegis had wall crossed or introduced to the Company during the Engagement Period, if such Tail Financing is consummated at any time within the twelve (12) month period following the expiration or termination of this Agreement.

  • Debt Financing (a) The Company, MCK and Echo Holdco and their respective Subsidiaries shall use their reasonable best efforts to assist the Company to arrange and obtain the Debt Financing on the terms and conditions described in the Debt Commitment Letters as promptly as practicable after the date hereof, including their reasonable best efforts to (i) maintain in effect the Debt Commitment Letters, (ii) negotiate and enter into definitive agreements with respect thereto on the terms and conditions contained in the Debt Commitment Letters (including any flex provisions) or on other terms no less favorable to the Company, (iii) satisfy on a timely basis all conditions in the Debt Commitment Letters that are within their control and (iv) upon satisfaction of the conditions set forth in the Debt Commitment Letters, consummate the Debt Financing at or prior to the Closing; it being understood that, if any portion of the Debt Financing to be provided as contemplated by the Debt Commitment Letters pursuant to a public offering, private offering under Rule 144A or otherwise has not been provided, and all conditions precedent to the Parties’ obligations hereunder shall have been satisfied or waived (other than receipt of the Debt Financing and those conditions which by their nature will not be satisfied except by actions taken at the Closing, but subject to the their satisfaction at the Closing), the Company shall draw upon the commitments under the Debt Commitment Letters to provide the bridge financing contemplated by and on the terms and conditions (including any applicable “flex” provisions) set forth in the Debt Commitment Letters. Each of the Company, MCK and Echo Holdco shall keep each other reasonably informed with respect to all material activity concerning the status of the Debt Financing contemplated by the Debt Commitment Letters and shall give each other notice of any material adverse change with respect to such Debt Financing as promptly as practicable. (b) In the event that any portion of the Debt Financing becomes unavailable on the terms and conditions contemplated by the Debt Commitment Letters (including any flex provisions), the Company, MCK and Echo Holdco and their respective Subsidiaries shall use their reasonable best efforts to assist the Company to arrange and obtain any such portion from alternative sources, on terms, taken as whole, that are no less favorable than the terms contained in the Debt Commitment Letters, as promptly as practicable following the occurrence of such event. (c) The Company, MCK and Echo Holdco shall use their reasonable best efforts to, and shall cause their respective Subsidiaries and their respective Representatives to use their reasonable best efforts to, provide all cooperation in connection with the arrangement of the Debt Financing as may be reasonably requested, including: (i) participation in meetings, due diligence sessions, drafting sessions, presentations, “road shows” and sessions with prospective Financing Sources, investors and ratings agencies, and reasonably cooperating with the marketing efforts of the Company and its Financing Sources, in each case in connection with the Debt Financing; (ii) assisting with the preparation of materials for rating agency presentations, offering documents, private placement memoranda, bank information memoranda (including a bank information memorandum that does not include material non-public information and the delivery of customary authorization letters with respect to the bank information memoranda and consents of accountants for use of their reports in any materials relating to the Debt Financing), prospectuses and similar documents required in connection with the Debt Financing; (iii) timely furnishing financial and other pertinent information regarding the Company, the Core MTS Business and/or the Echo Business, including financial statements, pro forma financial information, financial data, audit reports and other information of the type required by Regulation S-X or Regulation S-K under the Securities Act and other information of the type customarily (A) included in a bank information memorandum (including pro forma financial information) and (B) a registered offering of debt securities by Regulation S-X and Regulation S-K under the Securities Act and of the type and form that are customarily included in a private placement of debt securities pursuant to Rule 144A promulgated under the Securities Act and including, in any event, all information and data necessary to satisfy the conditions set forth in paragraphs 8, 9 and 12 of Exhibit D to the Debt Commitment Letters (collectively, the “Required Information”), all of which shall be provided by the Company, MCK and Echo Holdco or their respective Affiliates as promptly as practicable after the date hereof; (iv) obtaining (x) accountants’ comfort letters, legal opinions, surveys and title insurance, certificates and insurance endorsements and (y) other reasonably requested documents at least 10 days prior to the Closing to the extent required under applicable “know your customer” and anti-money laundering rules and regulations including the USA PATRIOT Act in order to satisfy the conditions set forth in paragraph 13 of Exhibit D to the Debt Commitment Letters; (v) facilitating the granting of a security interest (and perfection thereof) at Closing in collateral as security for the Debt Financing; and (vi) (x) taking corporate actions reasonably necessary to permit the consummation of the Debt Financing and to permit the proceeds thereof to be made available to the Company and (y) executing and delivering any commitment letters, underwriting or placement agreements, registration statements, credit agreements, indentures, pledge and security documents, other definitive financing documents or other requested certificates or documents, including a customary solvency certificate by the chief financial officer or person performing similar functions of the Company in the form of Annex I to Exhibit D to the Debt Commitment Letters (provided that (A) none of the letters (except the authorization letters contemplated by clause (ii) above), agreements, registration statements, documents and certificates shall be executed and delivered by any such Persons (other than the Company and its Subsidiaries) except at the Closing and their respective Representatives executing any such letters, agreements, registration statements, documents and certificates shall remain as officers of the Company, (B) the effectiveness thereof (other than with respect to the Company and its Subsidiaries) shall be conditioned upon, or only become operative after, the occurrence of the Closing and (C) no personal liability shall be imposed on the officers or employees involved); provided, that nothing in this Section 5.03 shall require MCK, or the Echo Parties (or any of their respective Subsidiaries, other than the Company and its Subsidiaries and, subject to the consummation of the Closing, Echo Holdco and its Subsidiaries and the MCK Contributed Entities) to (1) pledge or cause or permit any Lien to be placed on any of their respective assets in connection with the Debt Financing,(2) guarantee any of the Company’s or its Subsidiaries’ indebtedness or (3) incur any liability in connection with the Debt Financing. (d) All material non-public information provided by MCK or the Echo Parties or any of their respective Subsidiaries or Representatives pursuant to this Section 5.03 shall be kept confidential in accordance with the Confidentiality Agreement, except that the Parties shall be permitted to disclose such information to the Financing Sources and other potential sources of capital, rating agencies and prospective lenders (but not prospective investors in any debt securities offering) during syndication of the Debt Financing or any permitted replacement, amended, modified or alternative financing subject to the potential sources of capital, ratings agencies and prospective lenders and investors entering into customary confidentiality undertakings with respect to such information (including through a notice and undertaking in a form customarily used in confidential information memoranda for senior credit facilities). (e) The Company, MCK and Echo Holdco and their respective Subsidiaries shall cooperate with, and take all actions reasonably required by, the other Parties in order to facilitate the termination and payoff of the commitments under the Echo Holdco Debt at or prior to Closing (including the repayment in full of all obligations then outstanding thereunder and the release of all encumbrances, security interests and collateral and the termination of all guaranties and the agreements evidencing subordination in connection therewith at or prior to the Closing).

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

  • Other Financing Nothing in this Agreement shall be construed to restrict the right of the Company to offer, sell and/or issue securities of any kind whatsoever, provided such transaction is not a Prohibited Transaction (as defined below) (any such transaction that is not a Prohibited Transaction is referred to in this Agreement as a “Permitted Transaction”). Without limiting the generality of the preceding sentence, the Company may, without the prior written consent of the Investor, (i) establish stock option or award plans or agreements (for directors, employees, consultants and/or advisors), and issue securities thereunder, and amend such plans or agreements, including increasing the number of shares available thereunder, (ii) issue equity securities to finance, or otherwise in connection with, the acquisition of one or more other companies, equipment, technologies or lines of business, (iii) issue shares of Common Stock and/or Preferred Stock in connection with the Company’s option or award plans, stock purchase plans, rights plans, warrants or options, (iv) issue shares of Common Stock and/or Preferred Stock in connection with the acquisition of products, licenses, equipment or other assets and strategic partnerships or joint ventures; (v) issue shares of Common and/or Preferred Stock to consultants and/or advisors as consideration for services rendered or to be rendered, (vi) issue and sell equity or debt securities in a public offering, (vii) issue and sell and equity or debt securities in a private placement (other than in connection with any Prohibited Transaction), (viii) issue equity securities to equipment lessors, equipment vendors, banks or similar lending institutions in connection with leases or loans, or in connection with strategic commercial or licensing transactions, (ix) issue securities in connection with any stock split, stock dividend, recapitalization, reclassification or similar event by the Company, and (x) issue shares of Common Stock to the Investor under any other agreement entered into between the Investor and the Company.

  • Project Financing DZS poskytne příspěvek na financování nákladů na projekt, přičemž maximální výše grantu činí XXXXXXX CZK (XXXXXXX EUR). Grant určený na realizaci projektu pokrývá 100 % způsobilých výdajů. Bližší specifikace rozpočtu a jeho členění jsou ukotveny v Příloze I.

  • Financings There are no other financings currently pending or contemplated by the Company.

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