Covenant to pay Financial Obligations Sample Clauses

Covenant to pay Financial Obligations. The Owner will facilitate the Development utilizing its Owner’s own funds, including financing obtained by the Owner, and receive reimbursement from the GTCBRA (also referred to as the “Debt Obligation”) of an amount up to $2,194,122 of the Pooled Reimbursement to the extent of available Tax Increment Revenues for payment of the Eligible Activities in accordance with the terms of this Agreement the Xxxxxxxxxx Plan, and the Act 381 Work Plans. The GTCBRA may first establish a contingency reserve fund for the Xxxxxxxxxx Plan and Development Project, which shall be not more than twenty percent (20%) of such tax increment funds in any one year. Subject to payment into such reserve, the revenues shall then be utilized by the parties and payment made in the following order of priority:
Sample 1
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Covenant to pay Financial Obligations. The Developer will have access to the Grant Funds and the Loan Funds for environmental response activities, lead and asbestos abatement, and demolition through the CBRA in accordance with the XXXX Xxxxx and Loan Contracts. The Developer agrees to comply with the terms and conditions of the Grant and Loan Contracts. For other Eligible Activities or Eligible Activity costs which exceed the amount of the Grant and the Loan, the City and the Developer will utilize their own funds, including debt proceeds financed by the City and/or Developer. The City and the Developer will receive reimbursement from the CBRA for the Eligible Activity costs that are not funded through the Grant and Loan up to the Maximum Eligible Activity Cost approved by the CBRA under Section 5.1 (also referred to “debt obligation”) to the extent of available Xxxxxxxxxx Tax Increment Revenues in accordance with the terms of this Agreement, the Xxxxxxxxxx Plan, the Act 381 Work Plan and Act 381. Xxxxxxxxxx Tax Increment Revenues will reimburse Eligible Activities in the following priority:
Sample 1

Related to Covenant to pay Financial Obligations

  • Financial Obligation While this contract is in effect, the student is required to meet the financial obligations of this contract. Housing fees are charged through the Account Services Office. Students must pay their accounts per the policies of that office.

  • FINANCIAL OBLIGATIONS There will be no transfer of funds between the Parties under this Agreement and each Party will fund its own participation. All activities under or pursuant to this Agreement are subject to the availability of funds, and no provision of this Agreement shall be interpreted to require obligation or payment of funds in violation of the Anti-Deficiency Act, (31 U.S.C. § 1341).

  • Covenant to pay 11.1.1 The Issuer will on any Payment Date (or any other due date pursuant to any Finance Document) unconditionally pay to or to the order of the Bond Trustee all amounts due under this Bond Agreement or any other Finance Document.

  • Covenants of the Borrower SECTION 5.01.

  • Member Obligations In addition to the above, Member promises the following:

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Statutory Obligations and Regulations D1 Prevention of Corruption

  • Ethics Matters; No Financial Interest Contractor and its employees, agents, representatives and subcontractors have read and understand University’s Conflicts of Interest Policy available at xxxx://xxx.xxxxxxxx.xxx/policy/policies/int160.html, University’s Standards of Conduct Guide available at xxxx://xxx.xxxxxxxx.xxx/systemcompliance/, and applicable state ethics laws and rules available at xxx.xxxxxxxx.xxx/xxx/xxxxxx. Neither Contractor nor its employees, agents, representatives or subcontractors will assist or cause University employees to violate University’s Conflicts of Interest Policy, provisions described by University’s Standards of Conduct Guide, or applicable state ethics laws or rules. Contractor represents and warrants that no member of the Board has a direct or indirect financial interest in the transaction that is the subject of this Agreement.

  • Obligations Supplemental The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII are to supplement any amount payable by any Primary Indemnitor to the Person indemnified under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver's (or Corporation's) payments to the extent of such excess.

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