Funding of Project Costs. (a) During the Commitment Period, Construction Agent shall request that Lessor advance (or cause to be advanced) funds for the payment of Project Costs, and Lessor shall comply with such request to the extent provided for under, and subject to the conditions, restrictions and limitations contained in Articles III and VI of the Participation Agreement. Construction Agent and Lessor acknowledge and agree that Construction Agent’s right to request funds and Lessor’s obligation to advance funds for the payment of Project Costs are subject in all respects to the terms and conditions of this Agreement, the Participation Agreement and each of the other Operative Documents.
Funding of Project Costs. During such time as GelTex is engaged in a project for Sankyo hereunder, GelTex shall provide Sankyo with quarterly invoices for the Project Costs incurred by GelTex during the previous quarter. Sankyo shall reimburse GelTex in full for the Project Costs detailed in each invoice within thirty (30) days of Sankyo's receipt thereof. Notwithstanding the above, Sankyo shall not be required to reimburse GelTex for Project Costs in excess of the budget prepared by GelTex unless Sankyo specifically authorizes additional services to be provided by GelTex.
Funding of Project Costs. Subject to the terms and conditions hereof, Lender shall, from time to time, advance the proceeds of the Loan for payment of Project Costs which are included in the Project Budget on the terms set forth in Section 3.2 below. Lender shall fund Advances for Project Costs directly into the Operating Account of MD Owner; provided, however, that, in the event that an Event of Default then exists, Lender may, in its sole discretion, make Advances, (a) through the Title Company, or (b) by paying bills for labor or materials directly to the Persons furnishing such labor or materials or by means of dual payee checks to Borrower and any Person furnishing labor or materials. Borrower hereby constitutes and appoints Xxxxxx, as its attorney-in-fact, which appointment is coupled with an interest and irrevocable, to make Advances as provided in this Section.
Funding of Project Costs. 5.1 The National Treasury shall allocate to this Project, on the terms and conditions set forth in this Agreement, amounts for Technical Assistance and/or Capital Grant Funds, not exceeding the amounts stipulated in the Schedules, and/or as may be revised and agreed to in writing by the National Treasury.
Funding of Project Costs. (a) The Issuer will issue the Bond in the Maximum Principal Amount of $170,000,000 to pay Qualified Project Costs.
Funding of Project Costs. 15 SECTION 3.2 Ordering Equipment............................................................... 16 SECTION 3.3 Receipt of and Payment for Equipment............................................. 17 SECTION 3.4 Reimbursement of Purchase Price.................................................. 17 SECTION 3.5 Advances for Fees, Transaction Expenses, Equity Yield and Soft Costs............. 18
Funding of Project Costs. A. In order to maximize the Internal Rate of Return earned by the Members on their equity investment in the Company, it is the intent of the Members (1) to make distributions to the Members pursuant to Section 3.2 below as quickly as the performance of the Project permits; and (2) to utilize equity to fund the hard and soft costs of developing the Project consistent with the other terms of this Agreement. As used in this Agreement, “Internal Rate of Return” shall be calculated pursuant to Exhibit “B” attached hereto. In order to implement the intent of the Members:
Funding of Project Costs. On the date the Bonds are issued, an amount of the Bond proceeds shall be drawn down under the Bond Purchase Loan Agreement with respect to each of the Bonds in amounts agreed to by the Issue and the Company and in compliance with the terms of the Bond Purchase Loan Agreement. Additional proceeds of the Bonds shall be drawn down from time to time thereafter, by the Issuer, pursuant to Advance Requests under the Bond Purchase Loan Agreement, and shall be either paid to the Company to reimburse it for Project Costs that it has paid or paid to third party payees in payment of Project Costs.
Funding of Project Costs. Section 2.1. The Ballpark Costs 10 Section 2.2. Project Budget and Master Plan 12 Section 2.3. City Project Costs Funding Commitment and Funding Sources 13 Section 2.4. Refunding of the Outstanding Bonds 14 Section 2.5. Tenant’s Project Costs Funding Commitment and Funding Sources 14 Section 2.6. Tenant-Specific Costs 15 Section 2.7. Tenant Contribution, Issuance of Incremental Funding Bonds 15 ARTICLE III CREATION AND CONTROL OF FUNDS, PAYMENT OF PROJECT COSTS Section 3.1. City’s Statutory and Indenture Funds 16
Funding of Project Costs
