Distribution of Cost Sample Clauses

Distribution of Cost a) Interior and Perimeter Streets - 1) The developer shall bear the full cost of constructing all street improvements. 2) If the developer constructs a wider or thicker street than required or requested by the City, there shall be no City participation for the cost of the extra width or thickness, unless otherwise authorized by City Council. If the City Council determines that an improved roadway is needed for the proper and orderly development of the surrounding area, the perimeter street improvements shall be constructed at the time of development. b) Alleys - The developer shall bear the full cost of constructing required improvements within alley right-of-ways. c) Sidewalks are required on both sides of all streets and shall be constructed as lots are built upon. Cost shall be paid by the builder or developer. It shall be the responsibility of the developer to ensure the installation of water, sewer, storm drainage and street light infrastructure (mains, valves, manholes, meter boxes, clean-outs, fire hydrants, etc.) do not conflict with the required location of the sidewalk. If such infrastructure is installed in conflict with the required location of the sidewalk, the developer shall bear the expense for utility relocation prior to final acceptance of the subdivision by the City. d) Railroad Crossings - 1) The developer shall bear the full cost of constructing railroad crossings. 2) If the developer constructs a wider street than required by the City, there shall be no City participation in the cost of the crossing through the extra width, unless specifically authorized by City Council. e) The developer shall pay a construction inspection and materials testingfee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.00). f) The City shall assume a share of the cost of the street improvements only if funds are available for such participation. In the event that no funds are available for City participation, the developer shall award the contract and deposit with the City cash or a bond in the amount...
AutoNDA by SimpleDocs
Distribution of Cost a) Residential Subdivisions or Additions. 1) Where a storm drainage pipe is installed, the developer shall dedicate at his own expense a drainage easement of sufficient width to permit the construction and maintenance of the storm drainage pipe. The developer shall pay the total cost of all underground drainage systems regardless of the size of the largest diameter of pipe required to carry the design storm flow. 2) Where an improved drainage channel is installed, whether lined orunlined, the developer shall dedicate at his own expense a drainage easement of sufficient width to permit the construction, access and maintenance of the channel. The developer shall pay the total cost of the facility and all appurtenances required to complete the system. Where an unlined channel is constructed, the City may, at its own discretion choose to maintain the drainage channel, or mandate that a maintenance entity or property owner maintain the drainage channel. 3) There shall be no City participation in the cost of parkway improvements, including pedestrian ways, guardrails, etc. 4) If the City desires a roadway width greater than required, one hundred percent (100%) of the additional cost of the drainage facility necessaryfor that excess width will be paid by the City of Granbury. 5) If the developer constructs a roadway wider than determined necessary by the City, then there shall be no City participation for the additional cost of the drainage facility necessary for the excess width. 6) There shall be no City participation in the cost of site/lot grading.
Distribution of Cost a) Interior Streets - The developer shall bear the full cost of installing street lights and appurtenances on interior streets. b) Perimeter Streets - 1) The developer shall bear the full cost of installing street lights along all perimeter streets except when the street is a thoroughfare. As street lights are required for each direction of traffic on thoroughfare streets, the developer shall only bear the cost of installing street lights for the direction of traffic adjacent to the developingproperty. c) The developer shall pay for the electricity until building permits have been issued for 50% of the lots within that phase of development or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the developer to notice the City after 50% of the lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing fee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.00).
Distribution of Cost a) Interior Streets - The developer shall bear the full cost of installing streetlights and appurtenances on interior streets. b) Perimeter Streets - 1) The developer shall bear the full cost of installing streetlights along all perimeter streets except when the street is a thoroughfare. As streetlights are required for each direction of traffic on thoroughfare streets, the developer shall only bear the cost of installing streetlights for the direction of traffic adjacent to the developing property. c) The developer shall pay for the electricity until building permits have been issued for 50% of the lots within that phase of development or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the developer to notice the City after 50% of the lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing deposit. The deposit will be estimated at $150 per day for each working day of the project from Notice to Proceed to Final Punchlist Completed as determined by Exhibit K. The construction inspection and materials testing deposit shall be submitted to the Director of Public Works as a cash deposit with the signed Facilities Improvement Agreement (FIA). The construction inspector will invoice against this deposit each month based on actual site visits requested by the contractor. If the deposit is not sufficient to cover the requested inspections through Final Punchlist Completed, an additional deposit will be required based on the estimated number of days remaining until Final Punchlist Completed at a rate of $150.00 a day. A final accounting will be done prior to final acceptance of the project and the final invoice shall be reconciled prior to obtaining City acceptance of the project.
Distribution of Cost effort in time EFFORT & CASH FLOW IN SEMESTRES months from start Effort in man/weeks % CUMULATIVE % Cash flow (ECU) P1 P2 P3 P9 Total m/w Estimated Total Cost Cost P3 CUMULATIVE P3

Related to Distribution of Cost

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

  • Allocation of Costs and Expenses The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Co-Advisor for any such costs and expenses that have been paid by the Co-Advisor, or by any affiliate thereof, on behalf of the Company on the terms and conditions set forth in Section 6. These costs and expenses shall include, but not be limited to: (a) organizational expenses relating to borrowings and offerings of the Company’s securities and incurrences of indebtedness, subject to limitations included in this Agreement; (b) the cost of effecting sales and repurchases of any securities of the Company; (c) expenses incurred by the Co-Advisor or any affiliate thereof payable to third parties, including agents, consultants or other advisors (such as accountants and legal counsel); (d) fees payable to third parties relating to, or associated with, making, monitoring and disposing of investments, and valuing investments and enforcing contractual rights, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) professional fees relating to investments, including expenses of consultants, investment bankers, attorneys, accountants and other experts; (f) fees payable to third parties relating to, or associated with, making, monitoring, servicing and disposing of a Subsidiary’s investments, and valuing investments and enforcing contractual rights, including fees and expenses associated with performing due diligence reviews of prospective investments for a Subsidiary; (g) fees, expenses, and costs relating to or associated with software tools, programs or other technology (including risk management software, fees to risk management services providers, third-party software licensing, implementation, data management and recovery services and custom development costs); (h) research and market data (including news and quotation equipment and services, and any computer hardware and connectivity hardware (e.g., telephone and fiber optic lines) incorporated into the cost of obtaining such research and market data); (i) all costs and charges for equipment or services used in communicating information regarding the Company’s transactions among the Co-Advisor and any custodian or other agent engaged by the Company (j) all costs associated with the provision of information technology services; (k) federal and any state registration or notification fees; (l) the costs of preparing, printing and mailing reports and other communications, including shareholder reports and notices or similar materials, to shareholders; (m) interest payable on debt, if any, incurred to finance the Company’s investments; (n) transfer agent and custodial fees; (o) federal, state and local taxes; (p) fees and expenses of Independent Trustees (as defined below); (q) overhead costs, including rent, office supplies, utilities and capital equipment; (r) costs of preparing and filing reports or other documents required by the any governmental agency; (s) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other insurance premiums; (t) direct costs and expenses of administration, including those relating to printing, mailing, long distance telephone, copying, secretarial and other and staff, independent auditors and outside legal costs; (u) fees and expenses associated with independent audits, outside legal costs, and tax returns, including compliance with applicable federal and state laws; (v) internal legal expenses (including those expenses associated with attending and preparing for board meetings, as applicable, and generally serving as counsel to the Company) (w) costs associated with the Company’s reporting and compliance obligations under applicable federal and state securities laws, including the cost of third-party service providers and any compliance program audit programs; (x) brokerage commissions for the Company’s investments; (y) computer software specific to the business of the Company; (z) any unreimbursed expenses incurred in connection with transactions not consummated; (aa) the costs of responding to regulatory requests; (bb) routine non-compensation overhead expenses of the Co-Advisor and or any affiliate thereof in connection with administering the Company’s business; (cc) all other expenses incurred by the Company or the Co-Advisor, or by any affiliate thereof that the Co-Advisor has arranged to provide services to the Company, in connection with the administration of the Company’s business, including expenses incurred by the Co-Advisor or any affiliate thereof in performing the Co-Advisor’s obligations under this Agreement and the reimbursement of the allocable portion of the compensation of the Company’s chief financial officer, chief compliance officer and administrative support staff attributable to the Company, to the extent that they are not a person with a controlling interest in the Co-Advisor or any of its affiliates, subject to the limitations included in this Agreement, as applicable; and (dd) any expenses incurred outside of the ordinary course of business, including, without limitation, costs incurred in connection with any claim, litigation, arbitration, mediation, government investigation or similar proceeding and indemnification expenses as provided for in the Company’s respective organizational documents.

  • Documentation of Costs All costs shall be supported by properly executed payrolls, time records, invoices, contracts, or vouchers or other official documentation evidencing in proper detail the nature and propriety of charges. All checks, payrolls, invoices, contracts, vouchers, orders, or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified and readily accessible.

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Distribution of Cash (a) Subject to Sections 5.02(c), (d) and (e), the Partnership shall distribute cash at such times and in such amounts as are determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in proportion with their respective Percentage Interests on the Partnership Record Date. (b) In accordance with Section 4.04(a)(ii), the LTIP Unitholders shall be entitled to receive distributions in an amount per LTIP Unit equal to the Common Partnership Unit Distribution. (c) If a new or existing Partner acquires additional Partnership Units in exchange for a Capital Contribution on any date other than a Partnership Record Date, the cash distribution attributable to such additional Partnership Units relating to the Partnership Record Date next following the issuance of such additional Partnership Units shall be reduced in the proportion to (i) the number of days that such additional Partnership Units are held by such Partner bears to (ii) the number of days between such Partnership Record Date and the immediately preceding Partnership Record Date. (d) Notwithstanding any other provision of this Agreement, the General Partner is authorized to take any action that it determines to be necessary or appropriate to cause the Partnership to comply with any withholding requirements established under the Code or any other federal, state or local law including, without limitation, pursuant to Sections 1441, 1442, 1445 and 1446 of the Code. To the extent that the Partnership is required to withhold and pay over to any taxing authority any amount resulting from the allocation or distribution of income to a Partner or assignee (including by reason of Section 1446 of the Code), either (i) if the actual amount to be distributed to the Partner (the “Distributable Amount”) equals or exceeds the Withheld Amount, the entire Distributable Amount shall be treated as a distribution of cash to such Partner, or (ii) if the Distributable Amount is less than the Withheld Amount, the excess of the Withheld Amount over the Distributable Amount shall be treated as a Partnership Loan from the Partnership to the Partner on the day the Partnership pays over such amount to a taxing authority. A Partnership Loan shall be repaid upon the demand of the Partnership or, alternatively, through withholding by the Partnership with respect to subsequent distributions to the applicable Partner or assignee. In the event that a Limited Partner fails to pay any amount owed to the Partnership with respect to the Partnership Loan within 15 days after demand for payment thereof is made by the Partnership on the Limited Partner, the General Partner, in its sole and absolute discretion, may elect to make the payment to the Partnership on behalf of such Defaulting Limited Partner. In such event, on the date of payment, the General Partner shall be deemed to have extended a General Partner Loan to the Defaulting Limited Partner in the amount of the payment made by the General Partner and shall succeed to all rights and remedies of the Partnership against the Defaulting Limited Partner as to that amount. Without limitation, the General Partner shall have the right to receive any distributions that otherwise would be made by the Partnership to the Defaulting Limited Partner until such time as the General Partner Loan has been paid in full, and any such distributions so received by the General Partner shall be treated as having been received by the Defaulting Limited Partner and immediately paid to the General Partner. Any amounts treated as a Partnership Loan or a General Partner Loan pursuant to this Section 5.02(d) shall bear interest at the lesser of (i) 300 basis points above the base rate on corporate loans at large United States money center commercial banks, as published from time to time in The Wall Street Journal, Eastern Edition, or (ii) the maximum lawful rate of interest on such obligation, such interest to accrue from the date the Partnership or the General Partner, as applicable, is deemed to extend the loan until such loan is repaid in full. (e) In no event may a Partner receive a distribution of cash with respect to a Partnership Unit if such Partner is entitled to receive a cash dividend as the holder of record of a REIT Common Share for which all or part of such Partnership Unit has been or will be redeemed.

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows: (a) First, to the payment of, or (as the case may be) the reimbursement of the Agent for or in respect of, all reasonable out-of-pocket costs, expenses, disbursements and losses which shall have been paid, incurred or sustained by the Agent in connection with the collection of such monies by the Agent, for the exercise, protection or enforcement by the Agent of all or any of the rights, remedies, powers and privileges of the Agent or the Lenders under this Agreement or any of the other Loan Documents or in support of any provision of adequate indemnity to the Agent against any taxes or liens which by law shall have, or may have, priority over the rights of the Agent or the Lenders to such monies; (b) Second, to all other Obligations and Hedge Obligations (including any interest, expenses or other obligations incurred after the commencement of a bankruptcy or other proceeding under any Insolvency Law) in such order or preference as the Majority Lenders shall determine; provided, that (i) Swing Loans shall be repaid first, (ii) distributions in respect of such other Obligations shall include, on a pari passu basis, any Agent’s fee payable pursuant to §4.2, (iii) in the event that any Lender is a Defaulting Lender, payments to such Lender shall be governed by §2.13, and (iv) except as otherwise provided in clause (iii), Obligations owing to the Lenders with respect to each type of Obligation such as interest, principal, fees and expenses and Hedge Obligations (but excluding the Swing Loans) shall be made among the Lenders and Lender Hedge Providers, pro rata, and as between the Revolving Credit Loans and Term Loans pro rata; and provided, further that the Majority Lenders may in their discretion make proper allowance to take into account any Obligations not then due and payable; and (c) Third, the excess, if any, shall be returned to the Borrower or to such other Persons as are entitled thereto.

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • Distribution of Payments On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Costs and Expenses: Allocation of Costs A. The Transfer Agent will be responsible for all expenses, costs and other charges arising out of the performance of its obligations pursuant to this Contract, including the fees and disbursements of any third party retained to perform any of the services to the Fund on behalf of the Transfer Agent; all paper, typesetting, printing, stationery, envelopes, postage, labeling costs, mail sorting and other similar costs of preparing and mailing any dividend or redemption payment, all shareholder reports (including the cost of printing and mailing prospectuses sent to current shareholders, including the beneficial owners of Accounts), tax statements, confirmations, notices and statements of account; all telephone and computer equipment and usage charges; all personnel expenses, heat, light, rent, utilities, equipment purchases or rentals; all insurance premiums associated with FIIOC’s provision of services under this Contract, unless the Trustees of the Fund shall have specifically authorized an allocation of all or a portion of the premium to the Fund; all costs associated with the provision of check redemption services (including, the costs of printing and mailing of checks and checkbooks to shareholders, the charges of any vendor retained by the Fund to process checks for payment, and the charges of sending canceled checks to shareholders); and all other necessary expenses associated with the provision of services under the Contract. B. Notwithstanding the foregoing, the Fund shall be required to bear all expenses for all Accounts associated with: (i) all fees and expenses of registering shares for sale under the state securities laws (“blue sky charges”); and (ii) the holding of annual or special meetings of Fund shareholders, including: the costs of typesetting, printing, postage and mailing of notices, proxy cards and proxy statements (and, if requested by a shareholder, annual reports sent to those shareholders that have opened accounts subsequent to the last regular mailing date of such reports to shareholders); the fees and other disbursements of any agent hired to mail proxy materials and/or tabulate proxies; all charges incurred by any proxy soliciting agent; the reasonable and customary fees and handling charges of brokers, banks and other intermediaries for forwarding proxy materials; all other customary expenses associated with the holding of shareholder meetings. C. The Fund shall not bear expenses for Accounts associated with charges of any bank for establishing and operating accounts for the receipt of funds for share purchases and the payment of dividends, distributions and redemption proceeds (together, “bank charges”). The Transfer Agent shall look exclusively to FMR for payment of bank charges. D. Any amounts earned by the bank accounts established pursuant to paragraph 3(D) above on overnight repurchase agreements or money market funds shall be allocated to the Fund on a pro rata basis based on the amount of moneys attributable to the Fund invested in such repurchase agreements or money market funds.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!