Funding Shares. Costs for single GSP development services provided by EKI Environment and Water, Inc. (EKI) will be divided by Special Project Participants based on shares approved by Coordination Committee members at the October 9, 2023 regular meeting of the Coordination Committee. The total approved funding amount for EKI’s services to develop the single GSP is one million four hundred one thousand fifty-two and no/100 dollars ($1,401,052.00). Additional support and coordination will be provided by Xxxxx, Xxxxxx & Xxxxxx, PC and Authority staff with such costs to be split proportionally by all Special Project Participants in compliance with this Special Project Agreement.
Funding Shares. The Warrant Price applicable to the Funding Shares that accrue on the Term B Loan Advance or the Term C Loan Advance, respectively (each, a “Funding Shares Warrant Price”) shall equal the lower of (i) the closing price for a share of the Class as reported on NASDAQ for the date of such Term B Loan Advance or Term C Loan Advance, as the case may be (or, if such date be not a trading day on NASDAQ, for the trading day immediately preceding such date), and (ii) the average of the closing prices for a share of the Class reported for the ten (10) trading days ending on the date of such Term B Loan Advance or Term C Loan Advance, as the case may be (or, if such date be not a trading day on NASDAQ, for the trading day immediately preceding such date); and in each case subject to adjustment thereafter from time to time in accordance with the provisions of this Warrant.
Funding Shares. No shares or other interests in Funding will be issued or exchanged upon the Merger of Holding into Funding.
Funding Shares. Xxxxx shall deliver to Cablevision by the close of business on March 9, 2005 cash and/or shares of Class A Common Stock or Class B Common Stock free and clear of any liens, claims and encumbrances and together with a stock power duly endorsed to Cablevision and having a Market Value of $10 million. Xxxxx may substitute cash for unsegregated Funding Shares at any time by depositing cash in an amount equal to the Market Value of the Funding Shares to be withdrawn.
Funding Shares. Costs for grant administration services provided by Xxxxxxx & Xxxxxx will be shared by Special Project Participants based on shares proportional to the grant award for each Party. The total funding amount for Xxxxxxx & Xxxxxx’x xxxxx administration services for Fiscal Year 2023 for the Grant is $64,293.00. Additional funding will be required for future Fiscal Years. Additional support and coordination will be provided by Xxxxx, Xxxxxx & Xxxxxx, and Authority staff with such costs to be split proportionally by all Special Project Participants.
Funding Shares. Public Share: 82.1% Nexus Development Impact Fee Share (DIF, “Development Share” or “Local Share”): 17.9% Local Jurisdictional Split of the DIF Share: Redlands 100% Phase Estimated Cost* Public Share** Development Share Project Study Report/Project Development Support Project Initiation Document (PSR/PDS) $50,000 $41,050 $8,950 Project Approval and Environmental $150,000 $123,150 $26,850 Design $240,000 $197,040 $42,960 Right-of-Way (includes Acquisition and Utility Relocations, but excludes condemnation costs) $260,000 $213,460 $46,540 Construction (Includes Construction Management & Landscaping) $4,400,000 $3,612,400 $787,600 SANBAG Project Management $100,000 $0 $100,000 Total $5,200,000 $4,187,100 $1,012,900 * Project estimate is based on conceptual level layouts as PSR/PDS has not been completed. Coordination with Caltrans has not occurred therefore the level of environmental and engineering documents have not been defined nor have encroachment fees been addressed. Costs based on low level environmental document and no encroachment fees are included. Construction Phase cost includes approximately $200,000 for landscaping. ** It is anticipated that the Public Share will be funded with Measure I Valley Freeway Interchange Funds, however, the Public Share can be from other sources under control of AUTHORITYSANBAG without necessitating an amendment of this AGREEMENT so long as an allocation is approved by the AUTHORITYSANBAG Board. Project Milestones: Milestone Forecast Start of Project June 2014September 2013 PSR/PDS Approval December 2015September 2014 Environmental Approval December 2015April 2016 Design Approved/ROW Certified December 2017April 2018 Construction Notice to Proceed (Assumes no federal authorization required. For federal authorization add three months.) June 2018 Completed for Beneficial Use June 2019
Funding Shares
