City’s Bonding Obligations Sample Clauses

City’s Bonding Obligations. The City has approved the Bond Resolution providing for an authorization of the Bonds in an aggregate amount (the “Gross Bond Amount”) which, after deduction of (a) Costs of Issuance in connection with the Bonds and the BANs up to an aggregate amount of $1,000,000, (b) costs of Qualified Expenses up to an aggregate amount of $300,000, and (c) net temporary interest on the BANs and, if the Bonds are revenue bonds, the cost of funding any debt service reserve fund (of up to one year’s debt service) after taking into account a deficit guaranty for the full amount of the Bonds executed and delivered by (and which shall be executed and delivered by) the City and other reserves, up to an aggregate amount of all such items described in this subparagraph (c) of $15,000,000, generates net Bond proceeds available towards the City’s obligations under Section 8.4 of an amount equal to the lesser of $103,000,000 and the Public Improvements Costs to be paid by the City under Section 8.4 (such amount of Bond proceeds, the “Net Bond Proceeds”). The Bonds in the total amount of the Gross Bond Amount represent the City’s total bonding requirement under this Agreement. The City’s and Redeveloper’s respective obligations under this Agreement are conditioned upon such approval of the Bond Resolution by the Common Council which, in the opinion of the City’s bond counsel, shall be final in all respects, including the expiration of any and all applicable periods for the filing of petitions for repeal of the Bond Resolution.
Sample 1
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Related to City’s Bonding Obligations

  • Funding Obligations 6.1 Grantee acknowledges that HHSC’s obligation for payment, in consideration of full and satisfactory performance of activities described in this Contract, is limited to monies received from the Administration on Aging (“AoA”), the State, and any other funding source.

  • Funding Obligation This Contract is contingent upon the continued availability of funding. If funds become unavailable through lack of appropriations, budget cuts, transfer of funds between programs or health and human services agencies, amendment to the Appropriations Act, health and human services agency consolidation, or any other disruptions of current appropriated funding for this Contract, DSHS may restrict, reduce, or terminate funding under this Contract.

  • Closing Obligations At the Closing:

  • Continuing Obligations The rights and obligations of the Parties that, by their nature, would continue beyond the expiration or termination of this Agreement, e.g., "Liability and Risk of Loss" and "Intellectual Property Rights"-related clauses shall survive such expiration or termination of this Agreement.

  • Post-Closing Obligations Seller and Buyer agree to the following post-Closing obligations:

  • Continuing Obligation The Contractor's duty to indemnify continues in full force and effect, notwithstanding the expiration or early cancellation of the contract, with respect to any claims based on facts or conditions that occurred before expiration or cancellation.

  • Reporting Obligations As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

  • 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.

  • Record-Keeping Obligations Each Interconnection Party shall keep and maintain records of actions taken during an Emergency Condition that may reasonably be expected to affect the other parties’ facilities and make such records available for audit in accordance with Section 19.3 of this Appendix 2.

  • OWNER OBLIGATIONS In consideration of the obligations of Broker, Owner agrees:

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