Improvement Fund Sample Clauses

Improvement Fund. Section 4.01 The Company covenants that so long as any Series B Bonds are Outstanding hereunder it will on the first day of November, 1955, and on the first day of November in each calendar year thereafter pay to the Trustee the sum of sixty thousand dollars ($60,000), as an Improvement Fund to be held and applied by the Trustee pursuant to the terms of Section 4.03 of this Article IV; provided however, that the Company may, at its option, irrevocably allocate, upon filing the application and other documents described in Section 4.02 of this Article IV, Net Property Additions towards the satisfaction of the obligation aforesaid in an amount equal to sixty percentum (60%) of the Available Net Property Additions as set forth in Item G of the Certificate of Available Net Property Additions filed in connection with said application. Section 4.02 For the purpose of determining the amount of money if any, to be paid to the Trustee pursuant to the provisions of Section 4.01, the Company shall file with the Trustee on or before each said first day of November the following: (a) an application consisting of an Officers' Certificate conforming to the requirements of Section 17.02 of the Original Indenture and otherwise substantially in the following form: WESTERN MASSACHUSETTS ELECTRIC COMPANY To Old Colony Trust Company, Trustee under Indenture dated as of August 1, 1954. Improvement Fund Application under First Supplemental Indenture filed November , 19 In conformity with the provisions of Article IV of the First Supplemental Indenture providing for an annual Improvement Fund in the amount of $60,000 for the benefit of the holders or registered owners of the First Mortgage Bonds, Series B, 3 1/8%, due October 1, 1984, of the aforesaid Company issued under the aforesaid Indenture, we hereby certify that the sum of $60,000 is due at this time from the Company to you as Trustee as aforesaid on account of said Improvement Fund obligation now due and payable. (If irrevocable allocation of Net Property Additions is in full satisfaction of the Improvement Fund obligation then current, the following should be used) Application is hereby made irrevocably to allocate in the amount of $100,000 the Available Net Property Additions set forth in Item G of the accompanying Certificate of Available Net Property Additions in full satisfaction of said obligation. (If in partial satisfaction, the following should be used) Application is hereby made irrevocably to allocate Net Proper...
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Improvement Fund. Amounts in the Improvement Fund shall be used and withdrawn by the Trustee to (i) pay the costs of the acquisition and construction of the Project (or to reimburse the City for any such costs paid by it) upon receipt by the Trustee of a Written Requisition of the Authority or the City stating the person to whom payment is to be made, the amount of money to be paid, and the purpose for which the obligation to be paid was incurred, (ii) upon the Written Request of the Authority or the City, transferred and used to make interest payments on the Bonds or to reimburse the Credit Facility Provider for drawings made on the Credit Facility for such purpose, each as permitted by the Code and the Tax Certificate or
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Improvement Fund. After first depositing the prescribed portion of the proceeds of the sale of the Bonds in the Costs of Issuance Fund , the Redemption Fund, and the Reserve Fund as provided by Section 3.10 hereof, the remaining proceeds of the sale of the Bonds shall be deposited in the Improvement Fund as set forth in Section 3.10 hereof. In addition, all amounts held by the City on the Closing Date with respect to the Assessment District or the Project and all amounts thereafter received from time to time by the City with respect to the Assessment District or the Project shall be transferred forthwith upon receipt (and not later than the Closing Date as to amounts held by the City on the Closing Date) to the Fiscal Agent for deposit in the Improvement Fund. Amounts to pay for the costs of the construction and installation of the Project shall be paid from the Improvement Fund, upon receipt by the Fiscal Agent of written directions from the Director of Public Works in the form of Exhibit C stating that (1) the conditions to the release of such funds have been satisfied, (2) the name of the account from which payment is to be made, (3) the name of the party to whom payment is due,
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Improvement Fund. All employers must contribute each month to the Promotion, Education and CLRA Industry Improvement Fund a total sum equal twenty-eight cents ($0.28) for each hour paid in that month to any employee covered by this Agreement. This will be paid by cheque made out in favour of the Promotion, Education and CLRA I.I. Fund forwarded to the address as set out in paragraph 15.03 D), on or before the fifteenth (15th) day of the following month.
Sample 1
Improvement Fund. Prior to delivery and sale of the Bonds, there shall be established and maintained on the books of the County a separate account to be designated the "GENERAL OBLIGATION LIMITED TAX CAPITAL IMPROVEMENT BONDS IMPROVEMENT FUND, SERIES 2016" (the "Improvement Fund") for the Bonds. The Improvement Fund for the Bonds shall be Page 46 February, 2016 maintained at a bank or trust company designated by the County. After deducting a sum equal to the amount of any accrued interest, if any, from the date of the Bonds to the date of delivery thereof, which sums shall be deposited in the Debt Service Fund, the balance of the proceeds of the Bonds shall be deposited into the Improvement Fund. The moneys on deposit in the Improvement Fund from time to time shall be used solely for the purpose for which the Bonds were issued. Any unexpended balance shall be used for such purposes as allowed by law. After completing the Public Improvements and disposition of the remaining proceeds of the Bonds, if any, pursuant to the provisions of this Section 13, the Improvement Fund shall be closed.
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Improvement Fund 
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Related to Improvement Fund

  • Improvement Plan A detailed, written plan collaboratively developed between the teacher and evaluator, utilized when a teacher receives an Evaluation Rating of ineffective. The approved form for the Improvement Plan is attached to this agreement as Appendix .

  • School Improvement 1. The Board and the Association agree that employee participation in decision making is effective in providing positive results for education. 2. The provisions contained in this section shall apply to all school improvement plans, programs or processes set forth by school improvement committees established in the Xxxxxxx-Xxxxxx School District as a result of Section 1277 of the Revised School Code. 3. It is understood that participation on school improvement committees is voluntary. Further, employees who participate, or are non-participants, in such activities shall not be negatively evaluated for any conduct relative to such committees. 4. In the event that any provision(s) of a school improvement plan, program or process or application thereof violates, contradicts, or is inconsistent with this Collective Bargaining Agreement, the Collective Bargaining Agreement shall prevail.

  • Improvement Plans A professional improvement plan is a clearly articulated assistance program for a teacher whose student growth measure dimension of the evaluation is below the expected level of student growth. For the purposes of this agreement, improvement plans shall be based on the individual student growth measure level, and not for overall subjects or classes taught.

  • Capital Improvements From and after Final Completion, Tenant shall not replace or materially alter the Project, or any part thereof (except as provided to the contrary with respect to Fixtures in Article 13), or make any addition thereto, whether voluntarily or in connection with repairs required by this Lease (collectively, “Capital Improvements”), unless Tenant shall comply with the following requirements and, if applicable, with the additional requirements set forth in Section 11.10: (a) No Capital Improvements shall be undertaken, as applicable, until Tenant shall have procured from all Governmental Authorities and paid for all permits, consents, certificates and approvals for the proposed Capital Improvements which are required to be obtained prior to the commencement of the proposed Capital Improvements (collectively, “Improvement Approvals”). The FCRHA shall not unreasonably refuse to join or otherwise unreasonably refuse to cooperate in the application for any such Improvement Approvals, provided such application is made without cost, expense or liability (contingent or otherwise) to the FCRHA. True copies of all such Improvement Approvals shall be delivered by Tenant to the FCRHA prior to commencement of the proposed Capital Improvements. (b) The Premises after completion of such Capital Improvements, shall have a value at least equal to the value of the Premises immediately before construction of such Capital Improvements. In addition, the Project shall at all times remain in substantial conformity with the original Plans and Specifications therefor (except to the extent specifically consented to by the FCRHA, in its sole but reasonable discretion). (c) All Capital Improvements shall be made with reasonable diligence and continuity (subject to Unavoidable Delays) and in a good and workmanlike manner and in compliance with (i) all Improvement Approvals, (ii) if required pursuant to Section 11.10(a) or (b), in substantial accordance with the plans and specifications for such Capital Improvements as approved by the FCRHA, and (iii) all Applicable Laws. (d) No construction of any Capital Improvement shall be commenced until Tenant shall have delivered to the FCRHA certificates of insurance and copies of the declaration page(s) for the insurance required by Exhibit D. Such insurance policies shall comply with the terms of Section 7.02 above.

  • Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);

  • Tenant Improvement Plans Any work proposed by Tenant (the “Tenant Improvements”) shall be subject to Landlord’s reasonable prior approval and shall be subject to the other terms and conditions of this Exhibit C; provided that it will be reasonable for Landlord to withhold its approval or consent (as and when applicable under this Exhibit C) if Landlord’s Mortgagee has not consented to the matter that is the subject of such approval or consent. All architectural, engineering and other design fees shall be paid by Tenant. Tenant shall use its architect, engineers and other design professionals, all of whom shall comply with any applicable licensing or governmental requirements of the City of Seattle and the State of Washington; Tenant’s architect shall be approved by Landlord (“Tenant’s Architect”), which approval shall not be unreasonably withheld, conditioned or delayed. Landlord shall also be entitled to receive a copy of the agreement between Tenant and Tenant’s Architect (the “Architect Agreement”). Tenant shall cause Tenant’s Architect to prepare a draft space plan (the “Space Plan”) for the Tenant Improvements and shall submit the proposed Space Plan to Landlord for the latter’s approval (not to be unreasonably withheld) in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Space Plan within ten (10) business days of receipt; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Space Plan to be revised to address such written comments and shall resubmit said Space Plan to Landlord for approval. Such process shall continue until Landlord has approved the Space Plan. Tenant’s Architect shall then prepare working drawings and specifications for the Tenant Improvements, including architectural, structural, plumbing, mechanical, electrical, and fire protection drawings as required, suitable for permit application (the “Working Drawings”) and shall submit the proposed Working Drawings to Landlord for the latter’s approval in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. The Space Plan and Working Drawings shall be subject to Landlord’s approval, which Landlord agrees shall not be unreasonably withheld, conditioned, or delayed. Landlord shall not be deemed to have acted unreasonably if it withholds its approval thereof because, in Landlord’s reasonable opinion, the work, as described in any such item: (i) is likely to adversely affect Building Systems, the structure of the Building or the safety of the Building and/or their occupants; (ii) might impair Landlord’s ability to furnish services to Tenant or other tenants in the Building; (iii) would materially increase the cost of operating the Building; (iv) would violate any governmental laws, rules or ordinances (or interpretations thereof); (v) contains or uses hazardous or toxic materials or substances; (vi) would negatively affect the appearance of the Building; (vii) is reasonably likely to adversely affect another tenant’s premises; or (viii) is prohibited by any ground lease affecting the Building or any mortgage, trust deed or other instrument encumbering the Building. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Working Drawings, within ten (10) business days of Landlord’s receipt of the Working Drawings; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Working Drawings to be revised to address such written comments and shall resubmit said Working Drawings to Landlord for approval. Landlord may, when approving the Tenant Improvement Plans, elect to require Tenant to remove any Non-Standard Improvements which are made to the Premises. If Landlord so elects, Tenant shall, at its own cost, restore the Premises to the condition designated by Landlord in its election, before the last day of the Term. Such process shall continue until both parties have approved the Working Drawings. Landlord’s approval of the Space Plan and/or the Working Drawings shall not be deemed any representation or warranty that the same comply with applicable codes.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

  • Improvement Any alteration to the land or other physical construction located on or off the Property that is associated with this subdivision/PUD and building site developments.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

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