Completion Date; Excess Funds Sample Clauses

Completion Date; Excess Funds. The Completion Date will be evidenced to the Trustee upon receipt by the Trustee of a certificate signed by the Authorized Representative of the District (the “Completion Certificate”) stating (a) the date on which the Improvements were substantially completed, (b) that all other facilities necessary in connection with the Improvements have been purchased, constructed and installed, (c) that the Improvements and such other facilities have been purchased, constructed, made and installed in accordance with the plans and specifications therefor and in conformance with all applicable zoning, planning, building, environmental and other similar governmental regulations, (d) that, except for Costs of Improvements described in clause (e), all Costs of Improvements have been paid, and (e) the amounts, if any, to be retained in the Improvement Fund for the payment of Costs of Improvements, if any, not yet due or Costs of Improvements whose liability the District is contesting, and amounts that otherwise should be retained and the reasons they should be retained. The Completion Certificate may state that it is given without prejudice to any rights of the District that then exist or may subsequently come into being against third parties. Any amounts remaining in the Improvement Fund that are not needed to pay any remaining Costs of Improvements will be transferred by the Trustee without further authorization to the Lease Revenue Fund.
Sample 1
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Completion Date; Excess Funds. The City shall file a written certificate with the Trustee stating (a) the date on which the 2018 Project was substantially completed, (b) that the 2018 Project has been constructed in accordance with the plans and specifications therefor (except for latent defects not yet discovered by the City) and in conformance with all applicable zoning, planning, building, environmental and other similar governmental regulations, (c) that, except for Project Costs described in clause (d), all Project Costs related to the 2018 Project have been paid, and (d) the amounts, if any, to be retained in the Series 2018 Account of the Project Fund for the payment of such Project Costs, if any, not yet due or Project Costs related to the 2018 Project whose liability the City is contesting, and amounts that otherwise should be retained and the reasons they should be retained. The Completion Certificate may state that it is given without prejudice to any rights of the City that then exist or may subsequently come into being against third parties. Any amounts remaining in the Series 2018 Account of the Project Fund that are not needed to pay any remaining Project Costs related to the 2018 Project will be transferred by the Trustee without further authorization to the Series 2018 Account of the Lease Revenue Fund.
Sample 1
Completion Date; Excess Funds. The Completion Date will be evidenced to the Trustee upon receipt by the Trustee of a certificate signed by an Authorized Representative (the “Completion Certificate”) stating (a) the date on which the Project was substantially completed, (b) that the Project has been purchased, constructed, made and installed in accordance with the plans and specifications therefor and in conformance with all applicable zoning, planning, building, environmental and other similar governmental regulations, (c) that, except for Project Costs described in clause (d), all Project Costs have been paid, and (d) the amounts, if any, to be retained in the Project Fund for the payment of Project Costs, if any, not yet due or Project Costs whose liability the City is contesting, and amounts that otherwise should be retained and the reasons they should be retained. The Completion Certificate may state that it is given without prejudice to any rights of the City that then exist or may subsequently come into being against third parties. The Trustee shall transfer, without further authorization, any amounts remaining in the Project Fund that are not needed to pay any remaining Project Costs to the Lease Revenue Fund.
Sample 1
Completion Date; Excess Funds. The Completion Date shall be evidenced to Lessor and the Escrow Agent upon receipt by Lessor of a Completion Certificate complying with the requirements of the Escrow Agreement. In the event that any moneys remain in the Project Fund on the Completion Date, such moneys shall be paid to the Lessor and the following adjustments made: (i) Principal Portions of the last Rental Payment and such other Rental Payments as are necessary shall be reduced by an aggregate amount equal to the amount remaining in the Project Fund, such amount to be applied to the reduction of such Principal Portions in the inverse order of their due dates, (ii) Interest Portions for the Rental Payments becoming due after the date of such reduction shall be reduced in a manner corresponding to the reduction in Principal Portions using the per annum interest rate at which the Interest Portions of Rental Payments are calculated, as set forth on Exhibit B, and (iii) the schedule of Purchase Prices shall be adjusted by reducing each Purchase Price shown by the same percentages as the percentage of aggregate amount of Principal Portion reductions pursuant to clause (i) of this Section.
Sample 1
Completion Date; Excess Funds. The Completion Date will be evidenced to the Bank upon receipt by the Bank of a Completion Certificate complying with the requirements of Section 5.2(c). In the event that any moneys remain in the Project Fund on the Completion Date, such moneys will be paid to the Bank as a reduction of the Principal Amount Outstanding. Within 10 business days after receiving a Completion Certificate, or if no Completion Certificate is received by February 3, 2022, by February 13, 2022, the Bank shall provide to the City a Schedule of Rental Payments in the form attached hereto as part of Exhibit A, calculated as provided therein.
Sample 1

Related to Completion Date; Excess Funds

  • Termination Date, Etc “Termination Date” shall mean in the case of the Executive’s death, his date of death, or in all other cases, the date specified in the Notice of Termination subject to the following:

  • Closing Date Balance Sheet a. Not later than sixty (60) days after the Closing, Seller shall prepare a balance sheet of the Company as of the close of business on the Closing Date (the "Closing Date Balance Sheet"), in accordance with United States generally accepted accounting principles ("GAAP") applied in a manner consistent with the accounting principles and practices applied in the preparation of the Financial Statements (as defined herein). Seller agrees to use reasonable efforts to cause the Closing Date Balance Sheet to be prepared and delivered to Purchaser within sixty (60) days after the Closing, unless such inability to deliver the Closing Date Balance Sheet is as a result of Purchaser's failure to give Seller reasonable access to the necessary books, records and/or personnel, in which event the requirement to deliver the Closing Date Balance Sheet shall be tolled until Seller is given reasonable access to the necessary documentation or personnel. The date of delivery of the Closing Date Balance Sheet to Purchaser is referred to herein as the "Delivery Date". b. Without charge by Purchaser, Purchaser shall cause its and the Company's employees to cooperate reasonably and on a timely basis and to assist Seller with the preparation of the Closing Date Balance Sheet, and shall make reasonably available to Seller and its authorized representatives the books, records, and personnel of the Company which Seller reasonably requires in order to prepare and deliver the Closing Date Balance Sheet. Purchaser and Seller shall, throughout the entire period from the date of this Agreement to the Delivery Date, meet and discuss any and all financial and business matters relating to such process and the preparation of the Closing Date Balance Sheet, and Seller shall make available its work papers for confidential inspection and review by Purchaser and Purchaser's accountants; provided, however, that Seller may omit or redact information that contains competitively sensitive information concerning Seller's or any of Seller's Affiliate's unrelated operations, contracts, customers, pricing, costs, or related matters.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.

  • Due Date Extension If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $ 350,274,594.21.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

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

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