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.

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: (i) the Authority shall transfer the first $10,500,000 in County Funds that the Authority receives (the “County Sweetwater Park Funds”) to the Port District; (ii) the Authority shall transfer the next $2,500,000 in County Funds that the Authority receives to the Trustee for deposit into the Sweetwater Park Subaccount; (iii) the Authority shall transfer the next $6,000,000 in County Funds that the Authority receives to the Trustee for deposit into the County Funded Developer’s Phase 1A Subaccount; and (iv) the Authority shall transfer all County Funds that the Authority receives thereafter to the Trustee for deposit into the County Funded Bayfront Improvements Subaccount. The Authority shall cause the Trustee to make the deposits described in clauses (ii), (iii) and (iv), above. b. The Authority shall take all actions necessary to cause the Trustee to disburse moneys from the 2021B Bond Proceeds Subaccount and the County Funded Developer’s Phase 1A Subaccount for payments required to be made to the Developer, as and when required under this Agreement. The Authority shall take all actions necessary to cause the Trustee to disburse moneys from the Sweetwater Park Subaccount for payments required to be made to the Port District, as and when required under this Agreement. The Authority shall take all actions necessary to cause the Trustee to disburse moneys from the County Funded Bayfront Improvements Subaccount for payments required to be made to the Developer, the Port District, or the City, as applicable, as and when required under this Agreement. Each Public Agency shall not interfere with any lawfully made disbursement request delivered to the Trustee. Until the County Funds Release Date, (A) Authority shall not permit any funds in the 2021B Bond Proceeds Subaccount or the County Funded Developer’s Phase 1A Subaccount to be used for any p...

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. b. On the Effective Date, Authority shall cause the Trustee to deposit an amount equal to the Project Public Investment Amount into the 2021A Construction Account. Pursuant to the terms of the Authority Indenture, the Authority shall cause the Trustee to transfer any Net Proceeds deposited into the Insurance and Condemnation Fund that are available to be used for repair, rebuilding, restoration or reconstruction of the Convention Center to the 2021A Construction Account if required pursuant to the terms of the Authority Indenture, the Sublease and the Facility Lease. The Authority shall take all actions necessary to cause the Trustee to disburse moneys from the 2021A Construction Account (a) for payments required to be made to the Developer as and when required under this Agreement, the Sublease, the Facility Lease and the Authority Indenture, including for any repair, rebuilding, restoration or reconstruction of the Convention Center and (b) until Final Payment, only to Developer. No Public Agency shall interfere with any lawfully made disbursement request delivered to the Trustee. c. Until Full Payment, the Authority shall (a) neither direct nor authorize the Trustee to transfer amounts out of the 2021A Construction Account or the Authori...

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

Related to Funds for Payment of Costs/Expenses

Payment of Costs and Expenses The Borrower agrees to pay on demand all reasonable expenses of each of the Agents and the Arranger (including the reasonable fees and out-of-pocket expenses of counsel to the Agents and the Arranger and of local or foreign counsel, if any, who may be retained by counsel to the Agents) in connection with (a) the syndication by the Syndication Agent and the Arranger of the Loans, the negotiation, preparation, execution and delivery of this Agreement and of each other Loan Document, including schedules and exhibits, and any amendments, waivers, consents, supplements or other modifications to this Agreement or any other Loan Document as may from time to time hereafter be required, whether or not the transactions contemplated hereby are consummated; (b) the filing, recording, refiling or rerecording of each Pledge Agreement and each Security Agreement and/or any Uniform Commercial Code financing statements relating thereto and all amendments, supplements and modifications to any thereof and any and all other documents or instruments of further assurance required to be filed or recorded or refiled or rerecorded by the terms hereof or of such Pledge Agreement, Security Agreement or Uniform Commercial Code financial statements; and (c) the preparation and review of the form of any document or instrument relevant to this Agreement or any other Loan Document. The Borrower further agrees to pay, and to save the Agents, the Documentation Agent, the Arranger, the Issuer and the Lenders harmless from all liability for, any stamp or other similar taxes which may be payable in connection with the execution or delivery of this Agreement, the Credit Extensions made hereunder or the issuance of the Notes or Letters of Credit or any other Loan Documents. The Borrower also agrees to reimburse each Agent, the Documentation Agent, the Arranger, the Issuer and each Lender upon demand for all reasonable out-of-pocket expenses (including reasonable attorneys' fees and legal expenses) incurred by such Agent, the Documentation Agent, the Arranger, the Issuer or such Lender in connection with (x) the negotiation of any restructuring or "work-out", whether or not consummated, of any Obligations and (y) the enforcement of any Obligations.
Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.
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.
Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.
Costs, Expenses Each party hereto shall bear its own costs in connection with the preparation, execution and delivery of this Agreement.
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.
PAYMENT OF COSTS AND LEGAL FEES All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Bank if Executive is successful on the merits pursuant to a legal judgment, arbitration or settlement.
Reimbursement of Costs Incurred The Contractor agrees to reimburse the Authorized User promptly for any and all additional costs and expenses incurred for acquiring acceptable services, and/or replacement Product. Should the cost of cover be less than the Contract price, the Contractor shall have no claim to the difference. The Contractor covenants and agrees that in the event suit is successfully prosecuted for any default on the part of the Contractor, all costs and expenses, including reasonable attorney’s fees awarded by a court of competent jurisdiction, shall be paid by the Contractor.
Costs, Expenses and Legal Fees Whether or not the transactions contemplated hereby are consummated, each party hereto shall bear its own costs and expenses (including attorneys' fees), except that each party hereto agrees to pay the costs and expenses (including reasonable attorneys' fees and expenses) incurred by the other parties in successfully (a) enforcing any of the terms of this Agreement or (b) proving that another party breached any of the terms of this Agreement.
Fees, Expenses and Reimbursement (a) The Board may cause the Fund to compensate each Manager who is not an "interested person" of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the Fund's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Funds; (2) all costs and expenses associated with the operation and registration of the Fund, offering costs and the costs of compliance with applicable Federal and state laws; (3) all costs and expenses associated with the organization and operation of separate Investment Funds managed by Investment Managers retained by the Fund; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials; (6) the fees and disbursements of the Fund's counsel, legal counsel to the Independent Managers, auditing and accounting expenses and fees and disbursements for independent accountants for the Fund, and other consultants and professionals engaged on behalf of the Fund; (7) the fees payable to custodians and other persons providing administrative services to the Fund; (8) the costs of a fidelity bond and any liability insurance obtained on behalf of the Fund or the Board or Indemnitees; (9) all costs and expenses of preparing, setting in type, printing, and distributing reports and other communications to Members; and (10) such other types of expenses as may be approved from time to time by the Board. (c) Subject to procuring any required regulatory approvals, from time to time the Fund may, alone or in conjunction with other registered or unregistered investment funds or other accounts for which CSFB Alternative Capital, or any Affiliate of CSFB Alternative Capital, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board shall determine.

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