Funds for Payment of Costs/Expenses Sample Clauses

Funds for Payment of Costs/Expenses. The source of funds for the payment of costs/expenses associated with Project shall be limited to that listed below. No other City funds, or monies held by, owed to, or in trust for, the City, shall be used by the City or sought to be collected by Developer, its employees, agents, the General Contractor, or Subcontractors other than those identified in Section 9.1.2.1.
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Funds for Payment of Costs/Expenses a. On the Effective Date, Authority shall cause the Trustee to deposit an amount equal to $[ ● ] [NTD: such amount shall be the net proceeds of the Authority Tax-Exempt Bonds] into the 2021B Bond Proceeds Subaccount. The Parties acknowledge that the County Funding Agreement provides for the County to pay County Funds to the Authority in multiple payments, from time to time as described in the County Funding Agreement, and that such payments are expected to occur after the Effective Date. Within five (5) Business Days of the Authority’s receipt of any County Funds, the Authority shall transfer such County Funds as follows:
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Funds for Payment of Costs/Expenses a. Subject to Section 9.2.1.5(b) and Section 21.7, (i) the source of funds for the payment of costs and expenses for the Convention Center shall be limited to eligible proceeds of the Taxable Authority Bonds and any Net Proceeds authorized to be used for such payments (in an amount not to exceed the Project Public Investment Amount plus any Net Proceeds or other amounts available therefor pursuant to the Authority Indenture, the Facility Lease and the Sublease); Advance Rent (to the extent received by any Public Agency and not paid to Developer pursuant to this Agreement); amounts on deposit in the Authority Surplus Fund (solely to the extent provided in Section 21.7); other amounts to the extent provided in Section 21.7; and other amounts deposited by the Developer with the Authority to pay Convention Center Costs and (ii) no other funds of the City, the Financing District, the Port District or the Authority, or monies held by, owed to, or in trust for, the City, the Financing District, the Port District, the Authority or the County, shall be used by the Authority or sought to be collected by any Developer Party for the payment of costs and expenses for the Convention Center other than those identified in this Section.
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Funds for Payment of Costs/Expenses a. On the Effective Date, Authority shall cause the Trustee to (i) from the proceeds of the Authority Tax-Exempt Bonds, deposit an amount equal to $[ ● ] [NTD: net proceeds of the Authority Tax-Exempt Bonds less the bond proceeds contribution to Sweetwater Park referenced in clause (ii)] into the 2022B Bond Proceeds Subaccount and (ii) from the proceeds of the Authority Tax-Exempt Bonds, transfer an amount equal to $ to the Port District for costs relating to the Sufficient Completion of Sweetwater Park. The Parties acknowledge that the County Funding Agreement provides for the County to pay County Funds to the Authority in multiple payments, from time to time as described in the County Funding Agreement, and that such payments are expected to occur after the Effective Date. Within five (5) Business Days of the Authority’s receipt of any County Funds, the Authority shall transfer such County Funds as follows: (x) the Authority shall transfer the first $ of the County Funds that the Authority receives (the “County Sweetwater Park Funds”) to the Port District; and (y) the Authority shall transfer the remainder of the County Funds that the Authority receives (expected to cumulatively equal $ ) to the Trustee for deposit into the County Funded Developer’s
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Funds for Payment of Costs/Expenses a. Subject to Section 9.2.1.5(b) and Section 21.7, (i) the source of funds for the payment of costs and expenses for the Convention Center shall be limited to
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Related to Funds for Payment of Costs/Expenses

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

  • CONTRACT LIMIT, FEES AND EXPENSES changing the not-to-exceed amount of the Contract from ONE MILLION SEVEN HUNDRED NINTY THOUSAND DOLLARS AND ZERO CENTS ($1,790,000.00) to TWO MILLION ONE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($2,100,000.00), as approved by the Executive Director on October 22, 2021.

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