Fiscal Posting Credit Bank Sample Clauses

Fiscal Posting Credit Bank. The City grants to Developer an account of credits in an amount not to exceed $25,000,000 (the “Fiscal Posting Credit Bank”). The City may, in its sole discretion, increase that amount as the City believes is necessary for the continued development of the Property as contemplated herein, for the posting of fiscal deposits with the City concerning Developer’s development of the Property (including any transportation infrastructure, offsite traffic improvements for the benefit of the Property, and any removal and replanting of trees). In the event the Fiscal Posting Credit Bank has been used and is unavailable as provided below, the City and Developer shall work together to determine if any portion of the Fiscal Posting Credit Bank which is unavailable may be released and‌ reused because the applicable portions of development have been substantially completed. To use the Fiscal Posting Credit Bank, Developer will deliver a written notice to the City specifying in reasonable detail the fiscal posting for which such credits are to be used (each such notice, an “FPCB Request”). Upon approval of an FPCB Request, such designated portion of the Fiscal Posting Credit Bank, to the extent available, will serve as the fiscal deposit which would otherwise be required by Applicable Laws (such portion, an “FPCB Deposit”). During the time an FPCB Deposit is outstanding, such amount will be unavailable under the Fiscal Posting Credit Bank until such time as the City releases such FPCB Deposit in accordance with Applicable Laws that would otherwise be applicable to a posting of fiscal security. When an FPCB Deposit, or portion thereof, is so released by the City, the associated portion of the Fiscal Posting Credit Bank will again be available. The Fiscal Posting Credit Bank is personal to Developer and will not run with the Property, but will be available to a any transferee approved by the City under Section 11.15. Any interest on the Fiscal Posting Credit Bank will accrue to the benefit of the City. Any remaining balance in the Fiscal Posting Credit Bank on the termination date or expiration hereof will be released to the City and will not be available hereunder. The City will maintain the records reflecting the balance of the Fiscal Posting Credit Bank. Upon written request, the City shall provide Developer with the balance and available credits of the Fiscal Posting Credit Bank. In no event may any portion of the Fiscal Posting Credit Bank be used to deconstruct or cons...
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Fiscal Posting Credit Bank. The City may terminate Developer’s right to use any remaining portion of the Fiscal Posting Credit Bank.
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Related to Fiscal Posting Credit Bank

  • Terms of procurement Terms of submission: Maximum number of lots for which one tenderer can submit tenders: 0

  • NOTE For Community-­‐Based TLDs Only] Obligations of Registry Operator to TLD Community. Registry Operator shall establish registration policies in conformity with the application submitted with respect to the TLD for: (i) naming conventions within the TLD, (ii) requirements for registration by members of the TLD community, and (iii) use of registered domain names in conformity with the stated purpose of the community-­‐based TLD. Registry Operator shall operate the TLD in a manner that allows the TLD community to discuss and participate in the development and modification of policies and practices for the TLD. Registry Operator shall establish procedures for the enforcement of registration policies for the TLD, and resolution of disputes concerning compliance with TLD registration policies, and shall enforce such registration policies. Registry Operator agrees to implement and be bound by the Registry Restrictions Dispute Resolution Procedure as set forth at [insert applicable URL] with respect to disputes arising pursuant to this Section 2.19. Registry Operator shall implement and comply with the community registration policies set forth on Specification 12 attached hereto.]

  • Security Notwithstanding anything herein to the contrary, except for Section 27, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • Parties This Agreement shall each inure to the benefit of and be binding upon the Underwriters and the Company and their respective successors. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person, firm or corporation, other than the Underwriters and the Company and their respective successors and the controlling persons and officers and directors referred to in Sections 6 and 7 and their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained. This Agreement and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the Underwriters and the Company and their respective successors, and said controlling persons and officers and directors and their heirs and legal representatives, and for the benefit of no other person, firm or corporation. No purchaser of Securities from any Underwriter shall be deemed to be a successor by reason merely of such purchase.

  • Liability 1. The parties agree that any data subject, who has suffered damage as a result of any breach of the obligations referred to in Clause 3 or in Clause 11 by any party or subprocessor is entitled to receive compensation from the data exporter for the damage suffered.

  • Scope of Services The specific scope of work for each job shall be determined in advance and in writing between TIPS Member, Member’s design professionals and Vendor. It is permitted for the TIPS Member to provide a general scope description, but the awarded vendor should provide a written scope of work, and if applicable, according to the TIPS Member’s design Professional as part of the proposal. Once the scope of the job is agreed to, the TIPS Member will issue a PO and/or an Agreement or Contract with the Job Order Contract Proposal referenced or as an attachment along with bond and any other special provisions agreed by the TIPS Member. If special terms and conditions other than those covered within this solicitation and awarded Agreements are required, they will be attached to the PO and/or an Agreement or Contract and shall take precedence over those in this base TIPS Vendor Agreement.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Amendment This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

  • Governing Law and Jurisdiction 39.1 This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of England and Wales.

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