Grant of Funds. In order to support redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redeveloper Improvements and Public Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”) as shown in Exhibit “A”, to make a grant or grants to Redeveloper in the total amount of the TIF Proceeds less the City’s cost to issue the TIF Bond, subject to reimbursement as provided in Paragraph 16 below for the Public Improvements. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Public Improvement Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. Grantor hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by Grantor based on the number of natural gas and/or electric accounts served by Grantor in Grantee in accordance with NOPEC Policy in the amount determined by Grantor (“Funds”), for the purposes set forth in Grantee’s Grant Disbursement Request, as amended, and incorporated by reference into this Agreement.
Grant of Funds. In consideration of its completion of its portion of the project, the City hereby grants to Grantee the sum of FIFTY THOUSAND DOLLARS AND NO CENTS ($50,000.00).
Grant of Funds. In order to support acquisition and redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redeveloper Improvements, the City agrees, to the extent allowed by law and then only to the extent funds (TIF Funds) are lawfully available from the issuance of the TIF Bond, to make a grant of TIF Bond proceeds (TIF Proceeds) to Redeveloper in the amount of $200,000, less the City=s cost of issuing the TIF Bond. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Project Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. NOPEC hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by NOPEC based on the number of natural gas and/or electric accounts served by NOPEC in Grantee in accordance with NOPEC Policy in the amount determined by NOPEC (“Funds”), for the purposes set forth in Grantee’s Grant Application, as amended, and incorporated by reference into this Agreement for the Project(s) described on Schedule(s) to this Agreement.
Grant of Funds. In order to support redevelopment of the Phase One Project Site and as an inducement for the Redeveloper to construct the Phase One Improvements, the City agrees, to the extent allowed by law and then only to the extent that Phase One TIF Proceeds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”), to make a grant or grants to Redeveloper in the total amount of the Phase One TIF Proceeds less the City’s cost to issue the TIF Bond (“Grant Funds”), to reimburse Redeveloper for the cost of the Specific Phase One Private Improvements, Phase One Public Enhancements and City Public Improvements identified in Section 304 below. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the expenditures were eligible Phase One Project Costs. Any ineligible use of the Grant Funds shall immediately be repaid to the City.
Grant of Funds. The City shall pay to the Company, on a reimbursement basis, an amount not to exceed xxxxx THOUSAND AND x HUNDRED AND x-x DOLLARS ($xx,xxx ) (“Grant”) for the Company’s completion of the Project (as defined above). Provided the Company is in compliance with the terms and conditions of this Agreement, the City shall make such payment within thirty (30) days after the Company’s request for payment of the Grant funds and submission of invoices and any other information necessary to substantiate compliance. Nothing herein shall be construed to grant the City any ownership interests in the Project, and the City shall have no liability whatsoever related to the Project.
Grant of Funds. 1. The City shall grant to the County the County Funds in the amount of $1,095,919.16 no later than , 2020.
Grant of Funds. 1.1. The Grantor agrees to provide a grant of One Hundred Fifty Thousand Dollars ($150,000) to the Grantee (the "Grant"), subject to the terms and conditions set forth in this Agreement.
Grant of Funds. 3.1 Grantor hereby grants Biomedical Research and Technology Transfer Trust Funds to Grantee in the amount of Eight Million and No/100 Dollars ($8,000,000.00) (the “BRTT Funds”), and Xxxxxx Capital Funds to Grantee in the amount of Fourteen Million Nine Hundred Eighty Nine Thousand Eight Hundred Forty Seven and No/100 Dollars ($14,989,847.00) (the “WC Funds”) for the purposes set forth in Exhibit II. In return for said BRTT and WC Funds, Grantee agrees to provide the amount of Forty Five Million Six Hundred Thirty Five Thousand Nine Hundred Sixty Four and No/100 Dollars ($45,635,964.00) in cost share in support of and as outlined in Exhibit II. Where applicable and appropriate, the BRTT and WC Funds shall be referred to as the “Funds”.
