FINANCING OF THE PROJECT ACTIVITIES ANS FINANCIAL ARRANGEMENTS Sample Clauses

FINANCING OF THE PROJECT ACTIVITIES ANS FINANCIAL ARRANGEMENTS. 5.1. Grant contribution and breakdown per partner institution The maximum Intra-Africa grant contribution to the project and the form of this contribution is referred to in Article I.3 of the Grant Agreement and is further detailed in Annex III of the Grant Agreement. The beneficiaries undertake to agree on tasks to be carried out and the number of mobility flows to be sent or hosted by each partner institution. On this basis, they will decide the budget breakdown per partner institution (coordinator, partner and technical partner). The amounts should be in line with Xxxxx XXX of the Grant Agreement.
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  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

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