Escrow Account to Cover Township Costs. The Redeveloper agrees to provide funding for all reasonable and necessary out of pocket costs actually incurred by the Township in connection with the Project. Such costs include, any reasonable fees and costs of any outside professional consultant, contractor or vendor retained by the Township including attorneys, technical consultants, planners, financial consultants and appraisers, but specifically excluding Township employees (the “Township Costs”).
Escrow Account to Cover Township Costs. The Redeveloper covenants and represents that it will make timely payment or reimbursement to the Township for all Township Costs. Redeveloper has established with the Township an escrow account (the “Escrow Account”) having a cash balance as of , 2015 of $ to cover Township Costs. From time to time during the implementation of the Phase 1 Project and until issuance of a final Certificate of Completion the Redeveloper agrees to replenish the Escrow Account upon the written request of the Township, to provide for a sufficient balance, as determined by the Township in its reasonable judgment, to cover anticipated Township Costs. Attached to this Agreement as Exhibit F is a description of the agreed upon procedures to be utilized in establishing, funding and replenishing the Escrow Account and in making disbursements therefrom.
Escrow Account to Cover Township Costs. The Redeveloper covenants and represents that it will make timely payment or reimbursement to the Township for all Township Costs. The Redeveloper has established with the Township an escrow account (the “Escrow Account”) having a current balance of ONE HUNDRED THOUSAND and 00/100 ($100,000) DOLLARS (exclusive of and in addition to any Condemnation Deposit) to cover Township Costs. From time to time during the implementation of the Project and until issuance of a final Certificate of Completion the Redeveloper agrees to replenish the Escrow Account upon the written request of the Township, to provide for a sufficient balance, as determined by the Township in its reasonable judgment, to cover anticipated Township Costs. Attached to this Agreement as Exhibit D is a description of the agreed upon procedure to be utilized in establishing, funding and replenishing the Escrow Account and in making disbursements therefrom.
Escrow Account to Cover Township Costs. (a) The Redeveloper covenants and represents that it will make timely payment or reimbursement to the Township for all Township Costs. The Redeveloper has established with the Township an escrow account (the “Escrow Account”) to cover Township Costs. From time to time during the implementation of the Project and until issuance of a final Certificate of Completion the Redeveloper agrees to replenish the Escrow Account upon the written request of the Township, to provide for a sufficient balance, as determined by the Township in its reasonable judgment, to cover anticipated Township Costs.
Escrow Account to Cover Township Costs. (a) Redeveloper has established with the Township an escrow account (the “Escrow Account”) having an initial balance of TWENTY-FIVE THOUSAND ($25,000) DOLLARS to cover any Township Costs (the “Escrow Deposit”). Attached to and made a part of this Agreement as Exhibit C is a description of the agreed upon procedure to be utilized in establishing, funding and replenishing the Escrow Account and in making disbursements therefrom.
