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Construction Expenditures Sample Clauses

Construction Expenditures. For all expenditures related to construction projects detailed in Attachment A, the following terms shall apply: i. Per the contingent approval by the SLIB, the Grantee shall require the ii. The Grantee shall include in the general contractor’s contract either (1) the language of the Completion Date Guarantee, or (2) a provision requiring the general contractor to include the language of the Completion Date Guarantee in every subcontractor’s contract. If the Grantee is unable to secure a contract satisfying this provision, OSLI shall not disburse any funds related to construction projects. iii. As conditions for disbursing funds to the Grantee, the Grantee agrees: a. To make arrangements for appropriate professional supervision and management of the Project. b. To provide to the OSLI all project plans and specifications. c. To establish payment schedules providing that all work shall be completed prior to December 15, 2020. d. That OSLI is not responsible or liable for compliance with construction schedules or completion dates. e. That the Grantee shall be solely responsible for its compliance with all applicable state statutes, including but not limited to, state statutes regarding local preferences, procurement, accounting, and contractor retainage accounts. f. That OSLI is not responsible for construction supervision or management. g. To provide the OSLI with access to all information on all aspects of the project and make available for inspection such documents and reports on the progress of the work and on the results of tests of materials and workmanship or other information as may be requested by the OSLI. h. That in no event shall OSLI, SLIB, or the State of Wyoming be responsible for any project costs incurred after December 15, 2020. iv. Prior to ordering a change to the project, the Grantee shall submit proposed changes to OSLI for review. OSLI shall have a minimum of five (5) business days to review the proposed change. Upon written approval of the OSLI, the Grantee shall execute an amendment or change order to affected
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Construction Expenditures. Reimbursement for all expenditures related to construction projects detailed in Attachment A shall be subject to the following conditions: a. OSLI shall only reimburse the Grantee for expenditures related to portions of the project that have been completed by December 15, 2020 and put to use in service of the COVID-19-related use for which it was approved by December 30, 2020. If the Grantee is unable to complete any portion of the project by December 15, 2020, then OSLI shall not disburse any funds related to that portion of the construction project. If the Grantee is not able to put any portion of the project into service before December 30, 2020, OSLI shall not reimburse the Grantee for costs related to that portion of the project. b. If the Grantee completes the project by December 15, 2020, the Grantee shall, submit to OSLI, by that date, a certificate of substantial completion and a Grant Draft Request for reimbursement of expenditures made as of December 15, 2020, detailed in Attachment A, and approved by the SLIB. c. For those portions of the project not requiring inspection and licensure prior to use, the Grantee shall provide to OSLI a certification that that portion of the project has been put to use in service of the COVID-19-related use for which it was approved by December 30, 2020. d. For those portions of the project requiring inspection and licensure prior to use, the Grantee shall submit to OSLI a letter of licensure or other similar documentation as soon as it is issued. OSLI shall not disburse any funds unless such documentation is issued to the Grantee on or before December 30, 2020 and promptly provided to OSLI.
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Construction Expenditures. A ratio based on total construction expenditures for the immediately preceding 12 calendar months, the numerator of which is for a Client Company and the denominator of which is for all Client Companies. This ratio will be determined annually or at such time as may be required due to a significant change.
Sample 1
Construction Expenditures. Cash flow, net $ 2,654 ========== $1,357,034 ========== $1,137,750 ========== $ 166,183 ========== $ 23,524 ========== $1,277,727 ========== $1,035,916 ========== $ 141,390 ========== $ 13,751 ========== $1,194,679 ========== $ 954,488 ========== $ 113,903 ========== $ 32,214 ========== $1,103,794 ========== $ 906,420 ========== $ 102,517 ========== $ 18,291 ========== $1,106,917 ========== $ 854,254 ========== $ 76,871 ========== From operating activities.......... $ 97,754 $ 84,074 $ 50,437 $ 81,457 $ 93,925 From investing activities.......... (163,718) (141,547) (116,246) (103,065) (96,588) From financing activities.......... Net change in cash................... Total throughput (thousands of 71,056 ---------- $ 5,092 ========== 61,422 ---------- $ 3,949 ========== 67,488 ---------- $ 1,679 ========== (7,792) ---------- $ (29,400) ========== 27,351 ---------- $ 24,688 ========== therms) Sales.............................. 805,884 881,868 850,557 825,521 885,255
Sample 1

Related to Construction Expenditures

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • XXXXXX’S EXPENDITURES If any action or proceeding is commenced that would materially affect Xxxxxx’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • AUTHORIZED EXPENDITURES Only expenditures which are detailed in the approved budget of the grant application, a revised budget, or an amended budget approved by the OAG are eligible for reimbursement with grant funds. Any requested modification to the budget must be submitted by the Provider in writing to the OAG and will require prior approval by the OAG. Budget modification approval is at the sole discretion of the OAG. Any grant funds reimbursed under this Agreement must be used in accordance with the rules implementing the provisions of VOCA, 34 U.S.C. § 20103, Crime Control and Law Enforcement, 28 C.F.R. §§94.101 through 94.122, the federal government-wide grant rules as set forth in the 2 C.F.R. § 200, and the U.S. Department of Justice, (DOJ), Office of Justice Programs, DOJ Grants Financial Guide, (Financial Guide), and any other regulations or guidelines currently or subsequently required by the U.S. Department of Justice and state or federal laws. Expenditures for the acquisition and maintenance of telephones and equipment will be proportional to the percentage of VOCA grant funded staff who utilize the telephones and equipment, as contemplated by this Agreement. Grant funds cannot be used as a revenue generating source and crime victims cannot be charged either directly or indirectly for services reimbursed with grant funds. Third party payers such as insurance companies, victim compensation, Medicare or Medicaid may not be billed for services provided by grant funded personnel to clients. Grant funds must be used to provide services to all crime victims, regardless of their financial resources or availability of insurance or third-party reimbursements. Travel expenses will be reimbursed with grant funds only in accordance with section 112.061, Florida Statutes. Expenditures of state financial assistance must be in compliance with all laws, rules and regulations applicable to expenditures of state funds, including, but not limited to, the Florida Reference Guide for State Expenditures. Only allowable costs resulting from obligations incurred during the term of this Agreement are eligible for reimbursement, and any balances of unobligated cash that have been advanced or paid that are not authorized to be retained for direct program costs in a subsequent period must be refunded to the OAG. Any funds paid in excess of the amount to which the Provider is entitled under the terms of this Agreement must be refunded to the OAG. The Provider will reimburse the OAG for all unauthorized expenditures and the Provider will not use grant funds for any expenditures made by the Provider prior to the execution of this Agreement or after the termination date of this Agreement. If the Provider is a unit of local or state government, the Provider must follow the written purchasing procedures of that governmental agency or unit. If the Provider is a non-profit organization, the Provider will obtain a minimum of three written quotes for all single item grant-related purchases equal to or in excess of $2,500 unless it is documented that the vendor is a sole source supplier. The Provider will use the lowest quote for the purchase.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

Most Referenced Clauses

Most Referenced Definitions