COMMITMENTS BY THE PARTIES. 2.1 Commitments by the Government of Canada:
2.2 Newfoundland and Labrador Commitments
COMMITMENTS BY THE PARTIES. 3.1 Commitments by the Government of Canada:
a) honour any existing contribution agreement with New Brunswick in respect of Infrastructure Programs, in accordance with its terms.
b) ensure that the funding under this Agreement provides additional revenues for New Brunswick Communities rather than displacing other federal infrastructure funding; and intend to renew and extend the Canada Strategic Infrastructure Fund, the Border Infrastructure Fund and the Municipal Rural Infrastructure Fund, as they expire.
c) discuss with New Brunswick other proposals from New Brunswick regarding the New Deal.
d) invest Gas Tax funding in First Nations on Reserve communities in New Brunswick to address their infrastructure priorities.
e) encourage inter-municipal and municipal – First Nations reserve collaborations on Eligible Projects.
COMMITMENTS BY THE PARTIES. A. The City Agrees:
1. To provide HEG with an annual stipend in the amount of $13,000.00 for Xxxxxx Lease payments during each of the years 2011 and 2012, payable in quarterly installments of $3,250.00 billable on the first day of each quarter, to secure the rights described in this Agreement.
2. To enter into a separate Development Services Agreement with HEG that provides compensation for services to the City associated with negotiating and securing the Xxxxxx property lease and aiding the City in preparing an expanded wastewater land application permit application with DEQ. The Development Services Agreement is attached to this Agreement as Appendix A.
B. HEG Agrees:
1. To hold the lease on the Xxxxxx property during the years 2011 and 2012, under the terms set forth in this Agreement and in the Xxxxxx property lease. The Xxxxxx property lease is attached to this Agreement as Appendix B.
2. To assign to the City, during the term of the Xxxxxx property lease, HEG’s interest in the Xxxxxx property in the event that HEG is unable to develop the site for a hybrid poplar plantation capable of complying with the City’s DEQ-issued wastewater land application permit.
3. To assign to the City, during the term of the Xxxxxx property lease, the option to exercise the right of first refusal to purchase the Xxxxxx property, as defined in the Xxxxxx property lease attached as Appendix X. XXX agrees not to waive its right of first refusal to purchase the Xxxxxx property without prior written approval by the City.
4. To offer the City, during the term of the Xxxxxx property lease, an option to purchase at fair market value a hybrid poplar project developed by HEG on the Xxxxxx property, with fair market value established by an independent audit of the project.
X. XXX and the City Mutually Agree:
COMMITMENTS BY THE PARTIES. As from the date of the signing of this Agreement, either party shall:
(1) not engage in or allow any act or omission that may be in violation of any representations and warranties as specified in Article 6 hereof and the commitments as specified in Article 8 hereof;
(2) Once such party is aware of any act or omission in violation of any representation and warranty hereunder, it shall immediately make disclosure to the other party in writing. Especially once the Transferor or the Transferee finds any asset to be included but not included in the scope of assets to be transferred hereunder, the Transferor shall immediately transfer such asset to the Transferee free of charge in accordance with this Agreement, and complete the corresponding registration of change (if required).
COMMITMENTS BY THE PARTIES. 4.1 Commitment by the Government of Canada:
COMMITMENTS BY THE PARTIES
