COST AND FUNDING Sample Clauses

COST AND FUNDING. 2.1. It is estimated that that the cost of the Project will be seven hundred fifty four thousand five hundred dollars. ($754,500) broken down as follows: New Drill Tower: $450,000 Old Drill Tower repairs: $95,000 Site/Asphalt work: $186,000 Irrigation costs: $14,000 2.2. It is agreed that each Party will be responsible for one-third (1/3) of the total cost of the Project “Proportional Share.” Based on the estimated total cost each Party would be responsible for two hundred fifty one thousand and five hundred dollars ($251,500). Each Party shall be individually responsible to pay its Proportional Share for any additional costs incurred above the estimated total. Any such additional costs shall be approved in writing and in advance by all Parties. In kind services may be accepted in lieu of charges as deemed acceptable upon mutual agreement in writing by all Parties to this agreement. 2.3. District 4 agrees to provide an initial investment of not to exceed nine-hundred thousand dollars ($900,000) “Initial Investment.” District 4 agrees to transfer monies to Walla Walla concurrent with the Project timeline. Walla Walla and College Place agree to repay their Proportional Share of the Initial Investment to Fire District 4 beginning no later than January 2023. This Proportional Share will include interest equivalent to the annual reported Walla Walla County investment pool interest rate. The interest rate will be calculated based on the interest report from the year prior to the annual payment. Walla Walla and College place agree to repay their proportional share of the Initial Investment in five (5) annual payments beginning in January 2023. In the event any portion of the Initial Investment is not expended prior to the completion of the Facility repairs and upgrades Walla Walla shall refund to District 4 such unused amounts within 30 days of the project close out. 2.4. In the event additional costs beyond the Initial Investment are required, each Party shall pay its Proportional Share of such costs at the time they are due and owing.
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COST AND FUNDING. 5.1 For co-operative activities each party will bear its own cost in performing co- operative activities in CARE Actions, providing internal staff effort or contributions in kind. 5.2 For collaborative activities funding can be provided in terms of: - Internal staff effort and contributions in kind funded by the Parties; - Financial contributions from the EUROCONTROL Agency investment budget for contracted effort;
Sample 1
COST AND FUNDING. The Steering Committee agrees that the BDCP will include an analysis of the costs associated with plan implementation, including one-time and on-going costs. This analysis will be used to determine the level of funding and other resources that will be required to implement the BDCP. The BDCP will identify potential sources of funds for implementation, reflecting the concept of proportionality identified in the Planning Agreement, and will include assurances that adequate funding will be provided to implement the plan over its term.
Sample 1
COST AND FUNDING. Current estimates for design, permitting, and land negotiation tasks are estimated at approximately $1,000,000. The initial funding contribution for this work from each jurisdiction will be estimated based on the percentages listed in the flow allocations listed in Table 1. Funding contributions per jurisdiction, for construction, and operations and maintenance will need to be assessed and negotiated in an amended MOU or separate agreement. See Future Work below for potential reallocation of contributions. A sample invoice indicating the format for invoices to be sent to the Collaborative is included as Attachment 1.
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COST AND FUNDING. The total cost of Xxxxxxx Street and Powderhouse Improvements to the City of Cheyenne shall not exceed $177,000. The funding for the project is the 2019-2022 5th Xxxxx 1% Sales Tax. The City Engineer’s Office shall be filing for reimbursement from adjacent developers under Municipal Code 1.16.080 - Infrastructure improvements - Reimbursement to city.
Sample 1
COST AND FUNDING. 2.1. It is agreed that each Party will be responsible for one-half (1/2) of the total cost of the Cost of the Agreement with FCS Group as each Party’s “Proportional Share.” Each Party shall be individually responsible to pay its Share for any additional costs incurred above the estimated total. Any such additional costs shall be approved in writing and in advance by all Parties. 2.2. In the event additional costs are required, each Party shall pay its Share of such costs at the time they are due and owing.
Sample 1

Related to COST AND FUNDING

  • PROJECT FUNDING 8.1 The Project Funding for completion of this PFA is as follows:[X]

  • LENDER'S EXPENDITURES If any action or proceeding is commenced that would materially affect Lender’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 Borrower. 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.

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Funding This Contract is subject to termination or cancellation, without penalty to System Agency, either in whole or in part, subject to the availability of state funds. System Agency is a state agency whose authority and appropriations are subject to actions of the Texas Legislature. If System Agency becomes subject to a legislative change, revocation of statutory authority, or lack of appropriated funds that would render either System Agency’s or Grantee’s delivery or performance under the Contract impossible or unnecessary, the Contract will be terminated or cancelled and be deemed null and void. In the event of a termination or cancellation under this Section, System Agency will not be liable to Grantee for any damages, that are caused or associated with such termination, or cancellation, and System Agency will not be required to give prior notice.

  • Cost Overruns The Borrower shall ensure that all cost-overruns over the estimated construction costs of the Project as certified by a quantity surveyor or the Architect or as ascertained by the Lender as and when they occur shall be funded by the Borrower’s own equity;

  • Production Proceeds Notwithstanding that, by the terms of the various Mortgages, certain Guarantors and Borrower are and will be assigning to Administrative Agent and Lenders all of the “Production Proceeds” (as defined therein) accruing to the property covered thereby, so long as no Event of Default has occurred such Loan Parties may continue to receive from the purchasers of production all such Production Proceeds, subject, however, to the Liens created under the Mortgages, which Liens are hereby affirmed and ratified. Upon the occurrence of an Event of Default, Administrative Agent and Lenders may exercise all rights and remedies granted under the Mortgages, including the right to obtain possession of all Production Proceeds then held by Loan Parties or to receive directly from the purchasers of production all other Production Proceeds. In no case shall any failure, whether purposed or inadvertent, by Administrative Agent or Lenders to collect directly any such Production Proceeds constitute in any way a waiver, remission or release of any of their rights under the Mortgages, nor shall any release of any Production Proceeds by Administrative Agent or Lenders to Loan Parties constitute a waiver, remission, or release of any other Production Proceeds or of any rights of Administrative Agent or Lenders to collect other Production Proceeds thereafter.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Construction Contract; Cost Budget Prior to execution of a construction contract, Tenant shall submit a copy of the proposed contract with the Contractor for the construction of the Tenant Improvements, including the general conditions with Contractor (the “Contract”) to Landlord for its approval, which approval shall not be unreasonably withheld, conditioned or delayed. Following execution of the Contract and prior to commencement of construction, Tenant shall provide Landlord with a fully executed copy of the Contract for Landlord’s records. Prior to the commencement of the construction of the Tenant Improvements, and after Tenant has accepted all bids and proposals for the Tenant Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, for all of Tenant’s Agents, of the final estimated costs to be incurred or which have been incurred in connection with the design and construction of the Tenant Improvements to be performed by or at the direction of Tenant or the Contractor (the “Construction Budget”), which costs shall include, but not be limited to, the costs of the Architect’s and Engineers’ fees and the Landlord Coordination Fee. The amount, if any, by which the total costs set forth in the Construction Budget exceed the amount of the Tenant Improvement Allowance is referred to herein as the “Over Allowance Amount”. In the event that an Over-Allowance Amount exists, then prior to the commencement of construction of the Tenant Improvements, Tenant shall supply Landlord with cash in an amount equal to the Over-Allowance Amount. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any of the then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. In the event that, after the total costs set forth in the Construction Budget have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Tenant Improvements shall change, any additional costs for such design and construction in excess of the total costs set forth in the Construction Budget shall be added to the Over-Allowance Amount and the total costs set forth in the Construction Budget, and such additional costs shall be paid by Tenant to Landlord immediately as an addition to the Over-Allowance Amount or at Landlord’s option, Tenant shall make payments for such additional costs out of its own funds, but Tenant shall continue to provide Landlord with the documents described in items (i), (ii), (iii) and (iv) of Section 2.2.2.1 of this Tenant Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. All Tenant Improvements paid for by the Over-Allowance Amount shall be deemed Landlord’s property under the terms of the Lease.

  • 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.

  • Program Funding Upon entry into force of this Compact in accordance with Section 7.3, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Xxxxx-Xxxx Xxxxxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US$459,500,000) (“Program Funding”) for use by the Government to implement the Program. The allocation of Program Funding is generally described in Annex II.

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