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Funding Contribution from INDOT Sample Clauses

Funding Contribution from INDOT. INDOT agrees to contribute toward the costs of the Project in an amount not to exceed $76,077,993.00 in federal-aid highway funds. Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for the Project.
Sample 1See All (6)
Funding Contribution from INDOT. INDOT agrees to provide all funds necessary to cover the costs of the Interchange Project. The Parties anticipate that INDOT will contribute federal-aid highway funds in the approximate amount of $30,000,000.00 to complete both the SR 267 Project and Interchange Project, and that INDOT will provide an additional $10,000,000.00 to cover costs of the Project that would be reimbursed by the Town as provided herein. Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for either the SR 267 Project or Interchange Project. INDOT shall be entitled to reimbursement from the Town for up to $10,000,000.00 as described in Section 1.4A above.
Sample 1
Funding Contribution from INDOT. INDOT agrees to provide additional federal-aid highway funds for the Project in an amount up to but not to exceed $100,000,000.00 (the “INDOT Contribution”). Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for the Project. INDOT take all reasonable actions within its statutory power to allocate funds sufficient to provide the INDOT Contribution to the Project and meet INDOT’s other obligations under this Agreement. In the event that the bid price of the Project is less than expected and does not require the entire amount of INDOT’s Contribution, the Local Parties may use any remaining funds from the INDOT Contribution to construct additional phases of the Project north of 146th Street on S.R. 37 (the “Additional Projects”, as defined in Exhibit B, Section H). The balance of funds shall not be available to the Local Parties for use on other projects (any project not directly improving S.R. 37 in Xxxxxxxx County). INDOT shall retain the balance of any INDOT Contribution funds not used on the Project or the Additional Projects.
Sample 1
Funding Contribution from INDOT. INDOT agrees to contribute toward the costs of the Project in an amount up to and including $1,410,638.87. INDOT shall be responsible for any and all change orders, except for those costs for enhancements requested by the CITY not within the original Project scope. Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for the Project.
Sample 1
Funding Contribution from INDOT. INDOT agrees to contribute federal-aid highway funds to cover all additional of costs (excluding the Town’s Cash Contribution and costs of right of way acquisition) of the Interchange Project. Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for the Interchange Project.
Sample 1
Funding Contribution from INDOT. INDOT agrees to contribute toward the costs of the Project in an amount not to exceed $200,000.00 in state highway funds. INDOT shall make a one-time lump sum payment in the amount of $200,000.00 to the CITY for the preliminary engineering, construction and inspection costs upon execution and approval by the Office of the Indiana Attorney General of this Agreement. The CITY shall invoice INDOT for INDOT’s Contribution following receipt of the fully executed Agreement. INDOT shall remit payment to the CITY thirty-five (35) days following receipt of the CITY’s invoice.
Sample 1
Funding Contribution from INDOT. INDOT shall be solely responsible for the costs of the Intersection improvement in an amount not to exceed $1,500,000.00.
Sample 1
Funding Contribution from INDOT. INDOT shall pay the costs of the Project to the CITY within thirty-five (35) days of receipt of the invoices from the CITY for work completed in accordance with Section 2.16.
Sample 1
Funding Contribution from INDOT. INDOT agrees to contribute federal-aid highway funds to cover all additional of costs (excluding the Town’s Cash Contribution and costs of right of way acquisition) of the Interchange Project. Nothing in this Agreement shall be deemed to restrict INDOT’s ability to manage available funding sources in providing funds for the Interchange Project.
Sample 1

Related to Funding Contribution from INDOT

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

Most Referenced Clauses

Most Referenced Definitions