INTENT OF AMENDMENT Sample Clauses

INTENT OF AMENDMENT. Pacel and Peterson intend by the execution of this Amendment to qualify the Agxxxxxxxx as plans of reorganization within the meaning of Section 368 (b) of the Internal Revenue Code of 1986, as amended.
Sample 1
AutoNDA by SimpleDocs
INTENT OF AMENDMENT. The parties acknowledge and agree that Sections 2, 3 and 4 of this Second Amendment are intended to supplement and clarify Section 6.1 of the First Amendment and should be interpreted in that manner.
Sample 1
INTENT OF AMENDMENT. Except as otherwise expressly provided herein, this Amendment is not intended to affect any Party’s rights or obligations under the Agreement, including, but not limited to, the Parties' respective termination rights under Section 18 of the Agreement. To the extent not otherwise expressly modified by this Amendment, the terms and Attachment A Attachment A CALIFORNIA DEPARTMENT OF TRANSPORTATION, an agency of the State of California By: Name: Title: CERTIFIED AS TO FUNDS FOR THE CALIFORNIA DEPARTMENT OF TRANSPORTATION: By: Xxxx Xxxxx Xxxxxx District Budget Manager Attachment A‌‌‌‌‌ Exhibit 1 to Amendment No. 2 EXHIBIT B-2 Estimated Project Cost, Project Capital Cost Contribution, IRWD O&M Contribution, Flow-based Percentages, and Installment Payments Party/Grant Source Estimated Project Cost1 Project Capital Cost Contribution2 IRWD O&M Contribution3 Flow-based Percentage Total Project Contribution First Installment Payment Supplemental Installment Estimated Second Installment Payment Caltrans $ 3,421,335 2,223,726 $ - 29%4 $ 3,421,335 2,223,726 $ - $ - $3,421,335 2,223,726 County/OCFCD $ 2,283,670 973,222 $ - 32% $ 2,283,670 973,222 $ 446,068 $ 232,812 $ 1,604,790 294,342 City of Irvine $ 1,906,597 812,526 $ - 26% $ 1,906,597 812,526 $ 372,414 $ 194,184 $ 1,339,999 245,928 City of Tustin $ 929,293 396,033 $ - 13% $ 929,293 396,033 $ 181,518 $ 95,004 $ 652,771 119,511 Irvine Ranch Water District $ - $ 1,008,627 0 $ 1,008,627 n/a n/a n/a Proposition 84 Grant5 $ 1,000,000 n/a n/a $ 1,000,000 $ - $ - $1,000,000 Orange County Transportation Agency Grant6 $ 3,273,105 n/a n/a $ 3,273,105 $ - $ - $3,273,105 Total $12,814,000 8,678,611 $ 12,814,000 8,678,611 $ 1,008,627 100 $ 13,822,627 9,687,238 $1,000,000 $ 522,000 $11,292,000 7,156,611 1Taken from the Feasibility Study. 2Project Capital Cost Contributions are not-to-exceed amounts. 3 The IRWD O&M Contribution is the estimated present value of $60,000/year escalated annually using a 2.5% inflation rate and a 4% discount rate. The actual IRWD O&M Contribution shall be calculated annually pursuant to Section 1.5 of this Agreement. The actual amount of IRWD’s O&M Contribution calculated under Section 1.5 of the Agreement may be different than this estimate. IRWD’s O&M Contribution does not include IRWD’s Supplemental Contribution, defined in Section 1.5. 4 Caltrans share of the O&M Costs for the budget year shall at no instance exceed $12,000 without an amendment to this Agreement.
Sample 1
INTENT OF AMENDMENT. The Parties acknowledge that the purpose of this Amendment is to amend the 2019 IGA to provide for the design, installation, operation, maintenance, repair of and payment for the Harmony Interconnect under the terms and conditions set forth in the 2019 IGA and as amended in this Amendment. This Amendment is not intended to and should not be construed to modify the terms and conditions of the 2019 IGA pertaining to the Xxxxx Interconnect, the Mulberry Interconnect, and the Xxxxx Interconnect. Upon completion of the Harmony Interconnect, the Harmony Interconnect shall operate as a Delivery Point under the terms of the 2019 IGA.
Sample 1

Related to INTENT OF AMENDMENT

  • Scope of Amendment This Amendment shall amend, modify and revise the Agreement only to the extent set forth expressly in this Amendment and, except to the extent expressly set forth in this Amendment, the terms and conditions of the Agreement shall remain in full force and effect after the Amendment Effective Date. For the avoidance of any doubt, nothing in this Amendment shall be deemed to amend or extend the term of the Amended Agreement, or to affect the right of a Party to exercise any right of termination it may have under the Amended Agreement.

  • Effect of Amendment All provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.

  • Effect of Amendment and Restatement It is the intent of the parties hereto that this Agreement shall, as of the date hereof, replace in its entirety the Original Trust Agreement; provided, however, that with respect to the period of time from January 20, 2021 through the date hereof, the rights and obligations of the parties shall be governed by the Original Trust Agreement; and provided further, that the amendment and restatement of the Original Trust Agreement shall not affect any of the grants, conveyances or transfers contemplated by the Original Trust Agreement to have occurred prior to the date hereof.

  • Notice of Amendments The Administrator will notify the Rating Agencies in advance of any amendment. Promptly after the execution of an amendment, the Administrator will deliver a copy of the amendment to the Rating Agencies.

Time is Money Join Law Insider Premium to draft better contracts faster.