City Contribution Commitment Sample Clauses

City Contribution Commitment. The City agrees to contribute to the County an amount equal to the lesser of: (i) twenty percent (20%) of the Total Project Cost and (ii) Thirty Million Dollars (U.S. $30,000,000.00) (such amount, the “City Contribution Commitment”). Notwithstanding provisions in the MOU which contemplated the possibility of the City issuing debt to pay all or a portion of the City Contribution Commitment, the City shall pay the City Contribution Commitment over time, as set forth below, and the City will not issue any debt to pay any portion of the City Contribution Commitment.
Sample 1
AutoNDA by SimpleDocs
City Contribution Commitment. The City shall use its reasonable and best efforts to obtain funds from the issuance, sale, and delivery of one or more series of Henderson Event Center Bonds in an amount that is net after providing for the payment of issuance costs, the creation of reserves, and the deposit of capitalized interest, and upon terms and conditions that conform to Applicable Law, and that are satisfactory to the City, and, when combined with the RDA Funds, total the full amount of the Public Contribution. Approval of the Henderson Event Center Bonds and the RDA Funds by the City Council, and successful placement of the Henderson Event Center Bonds are conditions precedent to the effectiveness of this Agreement.
Sample 1

Related to City Contribution Commitment

  • City Contribution 387. The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

  • FUNDING INCREASE 1. The Commonwealth shall notify the Grantee in writing of any funding increases under this Agreement.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

Time is Money Join Law Insider Premium to draft better contracts faster.