Economic Development Grant Calculation and Funding Sample Clauses

Economic Development Grant Calculation and Funding. City is obligated to pay to Owner or Village Center Local Government Corporation one or more payments in the amounts indicated by applying the calculations referenced in Sections 5.2, 5.3 and 5.4 hereof, from any lawful source other than Ad Valorem Tax Revenues or Hotel Occupancy Tax Revenues (except as provided in Section 5.4 hereof) as described in Sections 5.2 and 5.3.1 hereof during the Term, subject to the satisfaction of Owner’s Performance Criteria and Owner’s timely and full compliance with all applicable terms and conditions contained in this Agreement. The portion of the Economic Development Xxxxx to be paid to Owner shall not exceed twenty-nine million, two hundred fifty thousand Dollars ($29,250,000) over the life of the transaction. This aggregate cap on the Economic Development Grant payments shall not apply to any Hotel Occupancy Tax Payments made to Village Center Local Government Corporation, which payments shall not be capped. In recognition of the fact that a portion of the Economic Development Grant will be, by necessity, calculated and paid after taxes have been levied by and paid to City and, therefore, will always be paid in arrears, City’s obligation to pay installments of the Economic Development Grant to Owner shall cease when all Economic Development Grant payments accruing to Owner with respect to the period from the Effective Date through the conclusion of the Term have been paid in full by City to Owner.
Sample 1
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Economic Development Grant Calculation and Funding. City is obligated to pay to Owner one or more payments in the amounts indicated by applying the calculations referenced in Sections 5.2 from any lawful source other than Ad Valorem Tax Revenues subject to the satisfaction of Owner’s Performance Criteria and Owner’s timely and full compliance with all applicable terms and conditions contained in this Agreement. The portion of the Economic Development Grant to be paid, and the timing in which it is to be paid to Owner is defined in Section 5.2.
Sample 1

Related to Economic Development Grant Calculation and Funding

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets: a. are targets only, b. are provided solely for the purposes of planning, c. are subject to confirmation, and d. may be changed at the discretion of the Funder in consultation with the HSP. The HSP will proactively manage the risks associated with multi-year planning and the potential changes to the planning targets; and the Funder agrees that it will communicate any changes to the planning targets as soon as reasonably possible.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

  • TRAINING AND EMPLOYEE DEVELOPMENT 9.1 The Employer and the Union recognize the value and benefit of education and training designed to enhance an employee’s ability to perform their job duties. Training and employee development opportunities will be provided to employees in accordance with Employer policies and available resources. 9.2 Attendance at employer-required training will be considered time worked. The Employer will make reasonable attempts to schedule employer-required training during an employee’s regular work shift. The Employer will pay the registration and associated travel costs in accordance with Article 23, Travel, for employer-required training.

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Creation and Development Fee If the Prospectus related to a Trust specifies a creation and development fee, the Trustee shall, on or immediately after the end of the initial offering period, withdraw from the Capital Account, an amount equal to the unpaid creation and development fee as of such date and credit such amount to a special non-Trust account designated by the Depositor out of which the creation and development fee will be distributed to the Depositor (the "Creation and Development Account"). The creation and development fee is the per unit amount specified in the Prospectus for the Trust. (16) Article III is hereby amended by adding the following section:

  • Staff Development Leave (a) An employee will be granted leave without loss of pay, at their basic rate of pay, to take courses (including related examinations) or attend conferences, conventions, seminars, workshops, symposiums or similar out-of-service programs, at the request of the Employer. The amount of pay received by an employee will not exceed the full-time daily hours of work as outlined in Clause 14.2 (Hours of Work). When such leave is granted, the Employer will bear the full cost, including tuition fees, entrance or registration fees, laboratory fees, and course-related books. The Employer will also reimburse the employee for approved travelling, subsistence, and other legitimate, applicable expenses. (b) An employee may be granted leave without pay, with pay, or leave with partial pay, to take work related courses in which the employee wishes to enrol to acquire the skills necessary to enhance opportunities. (c) Approval of requests will be given reasonable consideration and leaves pursuant to this article will be administered in a reasonable manner. (d) Should the employee noted above terminate their employment for any reason during the six month period following completion of the above-noted leave, the employee will reimburse the Employer for all expenses incurred by the Employer (i.e. tuition fees, entrance or registration fees, laboratory fees, and course-required books) on a proportionate basis.

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