Infrastructure Credit Sample Clauses

Infrastructure Credit. (a) In order to finance the costs of designing, acquiring, constructing, expanding and improving the Infrastructure in connection with the proposed Project, based upon the Company’s commitment to a taxable capital investment in the Project, without regard to depreciation of at least Eleven Million Dollars ($11,000,000) within the Investment Period, the County will grant to the Company the Infrastructure Credit pursuant to the Infrastructure Act which will be limited such that the total amount of the Infrastructure Credit over the Qualifying Period will be ten (10%) percent of the Net Fee Payments during the Qualifying Period. The County has included the Company’s Real Property upon which the Project is to be located in the Park pursuant to the Park Agreement in order to enable the County to grant the Infrastructure Credit to the Company as described herein. The Infrastructure Credit will be payable exclusively from payments in lieu of taxes the County receives and retains from the Company during the Qualifying Period. The Infrastructure Credit shall not constitute a general obligation of indebtedness of the County nor a pledge of the full faith and credit or the taxing power of the County. The Infrastructure Credit shall be paid solely by setoff by the Company against the fee in lieu of tax payments due each year during the Qualifying Period. The Qualifying Period shall not commence until January 15, 2018 unless or until the Company shall notify the County in writing earlier of the date of commencement of the Qualifying Period. Notwithstanding anything herein to the contrary, the aggregate amount of Infrastructure Credits to be taken shall not exceed the aggregate amount of Company investment in Qualifying Infrastructure Improvements. (b) NOTWITHSTANDING ANY PROVISION HEREIN TO THE CONTRARY, THE INFRASTRUCTURE CREDITS BECOMING DUE HEREON ARE LIMITED OBLIGATIONS OF THE COUNTY PROVIDED BY THE COUNTY SOLELY FROM THE FEE PAYMENTS DERIVED BY THE COUNTY PURSUANT TO THE AGREEMENT, AND DO NOT AND SHALL NEVER CONSTITUTE AN INDEBTEDNESS OF THE COUNTY WITHIN THE MEANING OF ANY CONSTITUTIONAL PROVISION (OTHER THAN THE PROVISIONS OF ARTICLE X, SECTION 14(10) OF THE SOUTH CAROLINA CONSTITUTION) OR STATUTORY LIMITATION AND DO NOT AND SHALL NEVER CONSTITUTE OR GIVE RISE TO A PECUNIARY LIABILITY OF THE COUNTY OR A CHARGE AGAINST ITS GENERAL CREDIT OR TAXING POWER. THE FULL FAITH, CREDIT, AND TAXING POWER OF THE COUNTY ARE NOT PLEDGED FOR THE INFRASTRUCTURE CREDITS.
Sample 1Sample 2
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Infrastructure Credit. (a) For a total of 20 years, beginning with respect to the property tax year following the property tax year in which the Project or the first Stage thereof is placed in service, the Company or the Sponsor Affiliates, as applicable automatically shall be entitled to receive and take an Annual Special Source Revenue Credit in the form of a credit equal to 50% of the Payments-in- Lieu-of-Taxes. (b) The Company and/or the Sponsor Affiliates, as applicable agrees to pay for, or cause to be paid, all costs of the Infrastructure Improvements as and when due. The Company and/or the Sponsor Affiliates, as applicable agree that, as of any date during the term of this Fee Agreement, the cumulative dollar amount expended by the Company and/or the Sponsor Affiliates, as applicable on Infrastructure Improvements shall equal or exceed the cumulative dollar amount of all the Annual Special Source Revenue Credits received by the Company and/or the Sponsor Affiliates, as applicable. Prior to the application of the first year’s Annual Special Source Revenue Credit, the Company and/or the Sponsor Affiliates, as applicable shall, by May 1 of such year, certify to the County the cumulative total amount of Infrastructure Improvements as of no later than December 31 of the prior year. For example, should the Annual Special Source Revenue Credit first be applicable against the Company’s 2015 Payments-in-Lieu-of- Taxes (which would be due and payable on or before January 15, 2016), the Company shall, by May 1, 2015, certify the cumulative total amount of Infrastructure Improvements as of December 31, 2014 (the lien date for 2015 Payments-in-Lieu-of-Taxes). The form of such certification is attached hereto as Exhibit B. The Company or the Sponsor Affiliates, as applicable shall re- certify the cumulative amount of Infrastructure Improvements in any year in which the total Annual Special Source Revenue Credits received to date together with the Annual Special Source Revenue Credit to be taken in such year exceeds the dollar amount of Infrastructure Improvements stated on the Company's or the Sponsor Affiliate’s, as applicable prior certifications.
Sample 1
Infrastructure Credit. The County agrees that the Company shall be entitled to Infrastructure Credits as a reimbursement of the Company’s investment in Qualifying Infrastructure Improvements, to be taken as a set off against the FILOT Payments owed in each of the first twelve (12) years, beginning with the FILOT Payment due and payable on January 15, 2014, and ending with such payment due and payable on January 15, 2025 in an annual amount equal to forty percent (40%) of the Net Filot Payments generated by the Project, and are based on the Company’s achieving the Minimum Investment within the Investment Period. In the event the Company fails to make the Minimum Investment by the end of the Investment Period, the Infrastructure Credit shall cease and the Company shall repay to the County, by June 30, 2018, all Infrastructure Credits previously received by the Company. Such Infrastructure Credits may be taken by the Company only to the extent that the Company has invested in Qualifying Infrastructure Improvements. The Company shall be responsible for certifying to the County the amount of Qualified Improvements incurred. Based on this certification, the Treasurer of the County shall display and subtract the Infrastructure Credits from the fee in lieu of tax payment statement sent to the Company for the duration of the Infrastructure Credits. At no time shall the aggregate of Infrastructure Credits received by the Company exceed the certified amount of Qualified Infrastructure Improvements.
Sample 1

Related to Infrastructure Credit

  • Infrastructure Infrastructure serves as the foundation and building blocks of an integrated IT solution. It is the hardware which supports Application Services (C.3.2) and IT Management Services (C.3.3); the software and services which enable that hardware to function; and the hardware, software, and services which allow for secure communication and interoperability between all business and application service components. Infrastructure services facilitate the development and maintenance of critical IT infrastructures required to support Federal government business operations. This section includes the technical framework components that make up integrated IT solutions. One or any combination of these components may be used to deliver IT solutions intended to perform a wide array of functions which allow agencies to deliver services to their customers (or users), whether internal or external, in an efficient and effective manner. Infrastructure includes hardware, software, licensing, technical support, and warranty services from third party sources, as well as technological refreshment and enhancements for that hardware and software. This section is aligned with the FEA/DoDEA Technical Reference Model (TRM) which describes these components using a vocabulary that is common throughout the entire Federal government. A detailed review of the TRM is provided in Section J, Attachment 5. Infrastructure includes complete life cycle support for all hardware, software, and services represented above, including planning, analysis, research and development, design, development, integration and testing, implementation, operations and maintenance, information assurance, and final disposition of these components. The services also include administration and help desk functions necessary to support the IT infrastructure (e.g., desktop support, network administration). Infrastructure components of an integrated IT solution can be categorized as follows:

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

  • Critical Infrastructure Subcontracts For purposes of this Paragraph, the designated countries are China, Iran, North Korea, Russia, and any countries lawfully designated by the Governor as a threat to critical infrastructure. Pursuant to Section 113.002 of the Business and Commerce Code, Contractor shall not enter into a subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business and Commerce Code, in this state, other than access specifically allowed for product warranty and support purposes to any subcontractor unless (i) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is majority owned or controlled by citizens or governmental entities of a designated country; and (ii) neither the subcontractor nor its parent company, nor any affiliate of the subcontractor or its parent company, is headquartered in a designated country. Contractor will notify the System Agency before entering into any subcontract that will provide direct or remote access to or control of critical infrastructure, as defined by Section 113.001 of the Texas Business & Commerce Code, in this state.

  • Construction Management Services a. A-E may be required to review and recommend approval of submittals, shop drawings, Request for Information (RFI) and/or calculations for temporary structures such as trench shoring, false work and other temporary structural forms. b. A-E may be required to review and advise the County Representative on the overall project schedule, including staging and completion dates, duration, milestones, and interfaces. Immediately notify Representative if the proposed work schedule does not conform to the contract documents, including the plans, specifications, and permits or that may require special inspection or testing, or work stoppage. c. Review on a monthly basis the project schedule and/or Critical Path Method (CPM) schedule submitted by the Construction Contractor. Make recommendations concerning the Construction Contractor’s adherence thereto. Recommend possible solutions to scheduling problems so as to complete the project on time, within budget, and in accordance with the contract drawings and specifications. d. Review scope of work and identify potential contract change orders. Prepare independent cost estimates for any changes resulting from design revisions or change in field conditions. Prepare and recommend for approval all contract change orders. e. Evaluate the merit of any potential claims or requests for equitable adjustment submitted by the Construction Contractor. Prepare analysis of potential claims include recommendations regarding settlement of the claims. f. Assist County staff in project related issues with other Agencies, or departments, engineering and material testing support firms, CEQA consultants, utilities agencies, etc. g. Assist in community outreach meetings and media relations h. Review for acceptance/approval of Storm Water Pollution Prevention Plan (SWPPP) in accordance with the general Permit of Discharges of Storm Water Associated with Construction Activity (Construction General Permit, including dewatering/diversion plans per the State’s DeMinimus Permit).

  • Construction Services 4,500 thousand SDR for Japan Post in Group A 15,000 thousand SDR for all other entities in Group A 4,500 thousand SDR for entities in Group B Architectural, engineering and other technical services covered by this Agreement: 450 thousand SDR

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing: 5.5.1 NYISO and Connecting Transmission Owner have completed the Interconnection Facilities Study pursuant to the Interconnection Facilities Study Agreement; 5.5.2 The NYISO has completed the required cost allocation analyses, and Developer has accepted his share of the costs for necessary System Upgrade Facilities and System Deliverability Upgrades in accordance with the provisions of Attachment S of the NYISO OATT; 5.5.3 The Connecting Transmission Owner has received written authorization to proceed with design and procurement from the Developer by the date specified in Appendix B hereto; and 5.5.4 The Developer has provided security to the Connecting Transmission Owner in accordance with Article 11.5 by the dates specified in Appendix B hereto.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Acquisition Services (i) Serve as the Company’s investment and financial advisor and provide relevant market research and economic and statistical data in connection with the Company’s assets and investment objectives and policies; (ii) Subject to Section 4 hereof and the investment objectives and policies of the Company: (a) locate, analyze and select potential investments; (b) structure and negotiate the terms and conditions of transactions pursuant to which investments in Properties, Loans and other Permitted Investments will be made; (c) acquire, originate and dispose of Properties, Loans and other Permitted Investments on behalf of the Company; (d) arrange for financing and refinancing and make other changes in the asset or capital structure of investments in Properties, Loans and other Permitted Investments; and (e) enter into leases, service contracts and other agreements for Properties, Loans and other Permitted Investments; (iii) Perform due diligence on prospective investments and create due diligence reports summarizing the results of such work; (iv) Prepare reports regarding prospective investments that include recommendations and supporting documentation necessary for the Directors to evaluate the proposed investments; (v) Obtain reports (which may be prepared by the Advisor or its Affiliates), where appropriate, concerning the value of contemplated investments of the Company; (vi) Deliver to or maintain on behalf of the Company copies of all appraisals obtained in connection with the Company’s investments; and (vii) Negotiate and execute approved investments and other transactions, including prepayments, maturities, workouts and other settlements of Loans and other Permitted Investments.

  • Project Management Plan 3.2.1 Developer is responsible for all quality assurance and quality control activities necessary to manage the Work, including the Utility Adjustment Work. Developer shall undertake all aspects of quality assurance and quality control for the Project and Work in accordance with the approved Project Management Plan, Good Industry Practice and applicable Law. 3.2.2 Developer shall develop the Project Management Plan and its component parts, plans and other documentation in accordance with the requirements set forth in Section 1.5.2.5

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