Hardball Development Contribution Sample Clauses

Hardball Development Contribution. As further described in Sections VII(B) and XVII(A)(2), the Parties acknowledge that the successful development and operation of the Venue will promote and stimulate privatetaxable development within the Bull Street Site, and one of the primary reasons for the City’s financial and other commitments to build the Venue and enter into this Agreement is to help the revitalization of the Bull Street Site, through privatetaxable investment in properties thereon. Accordingly, Hardball hereby agrees to annually contribute money to the City (the “Hardball Development Contribution”), which annual Hardball Development Contribution shall be based upon the total privatetaxable investment in development within the Bull Street Site (excluding the Venue or any other City-owned improvements within the Bull Street Site) which are completed as of December 31 of any calendar year, commencing December 31, 2016 or such earlier calendar year in which a full baseball season is played at the Venue and payable on January 15 of the following calendar year, according to the following schedule: Hardball Development Contribution Total PrivateTaxable Investment in Development on Bull Street Site $516,000 $0-$30 million $258,000 $30-45 million $129,000 $45-60 million $0 Above $60 million For purposes of determining privatetaxable investment of developments within the Bull Street Site for the above-described table, Hardball and the City agree to use the improvement costs for such developments, as reflected on applications for building and other permits filed with the City pursuant to City of Columbia Ordinance No. Sec. 5-201 et seq., which may be amended by the City Council from time to time in its sole and exclusive discretion, plus other reasonable demonstrated and documented hard and soft costs expended on the production of the asset that is the subject of the building permit. The Hardball Development Contribution shall be prorated based on the number of scheduled Hardball Home Baseball Games which are not played during a season due the destruction of the venue as described in Article XIX, Condemnation, as described in Article XX, Force Majeure, as described in Article XXI or due to termination of this Agreement by the City for reason other than breach by Hardball. When received annually, the City shall deposit the Hardball Development Contribution into a segregated account, and restrict the use thereof to provide for infrastructure and parking facilities with respect to the Bull Stree...
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Related to Hardball Development Contribution

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Staff Development Leave (a) An employee will be granted leave without loss of pay, at their basic rate of pay, to take courses (including related examinations) or attend conferences, conventions, seminars, workshops, symposiums or similar out-of-service programs, at the request of the Employer. The amount of pay received by an employee will not exceed the full-time daily hours of work as outlined in Clause 14.2 (Hours of Work). When such leave is granted, the Employer will bear the full cost, including tuition fees, entrance or registration fees, laboratory fees, and course-related books. The Employer will also reimburse the employee for approved travelling, subsistence, and other legitimate, applicable expenses. (b) An employee may be granted leave without pay, with pay, or leave with partial pay, to take work related courses in which the employee wishes to enrol to acquire the skills necessary to enhance opportunities. (c) Approval of requests will be given reasonable consideration and leaves pursuant to this article will be administered in a reasonable manner. (d) Should the employee noted above terminate their employment for any reason during the six month period following completion of the above-noted leave, the employee will reimburse the Employer for all expenses incurred by the Employer (i.e. tuition fees, entrance or registration fees, laboratory fees, and course-required books) on a proportionate basis.

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

  • Professional Development Fund Article 20

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

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