Lakes Development Loan Sample Clauses

Lakes Development Loan. (i) All amounts paid by Great Lakes or Lakes under or in relation to any guarantees or credit enhancements provided by Great Lakes or Lakes at the request of the Band with respect to any Construction Documents ("Construction Guaranty Payments"), shall be deemed advances under the Lakes Development Loan and to the extent required the maximum cap of the Lakes Development Loan shall be increased by such amounts paid; provided that Great Lakes and Lakes agree that they shall not make any Construction Guarantee Payments unless (A) the obligee or beneficiary thereunder has demanded such payment, (B) Great Lakes or Lakes has provided the Band with written notice of such demand, and (C) the Band has not paid the amount demanded within thirty (30) days after the Band's receipt of such notice. (ii) Great Lakes shall prior to the Commencement Date, at the request of the Band, provide guarantees, credit enhancements or interest subsidies for any Construction Documents and/or with respect to any Loans and, as to Loans, post cash collateral therefor, subject to the following terms (in addition to any other applicable terms set forth in this Agreement):
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Lakes Development Loan i. Amount: $43,000,000, comprised of (A) up to $8,000,000 for Gaming Site Acquisition Advances and (B) $35,000,000 for Development Expenditures other than acquisition of the Gaming Site. ii. Five year term, plus the period of development and construction. iii. Interest at the Band Interest Rate shall accrue from date of advance until the Commencement Date; thereafter the Lakes
Sample 1
Lakes Development Loan i. Amount: $46,000,000 for the Initial Phase, comprised of (A) up to $11,000,000 for Gaming Site Acquisition Advances and (B) $35,000,000 for Development Expenditures other than acquisition of the Gaming Site. Lakes shall not be required to provide additional funding for the Initial Phase or for the expansion to the Final Scope of Work, except as provided under ss.ss.5.8, 9.2.2(vi) and 9.2.3(x). 36 ii. Five year term, plus the period of development and construction; except that the Second Tranche -- Lakes Note shall be repaid from the proceeds of the Bank Development Loan at the Bank Closing on the Initial Phase, to the extent such proceeds exceed $28,000,000 and such increment is available first to repay the Second Tranche -- Lakes Note and the Second Tranche -- Non-Gaming; and provided further that if the Bank Development Loan is less than the sum of (A) $28,000,000 plus (B) the amount of such Second Tranche, such Second Tranche shall be repaid as provided in ss. 5.5.5 and 5.5.6 of the Management Agreement and, if not sooner paid, in full at the end of the Term. A. Interest at the Band Interest Rate shall accrue from date of advance until the Commencement Date; thereafter the Lakes Development Loan shall be payable as follows: (a) the amount outstanding under First Tranche -- Lakes Note as of such Commencement Date shall be repaid monthly in arrears, beginning on the 15th day of the month after the month in which the Commencement Date occurs, in equal monthly payments of principal and interest for the successive 60 months of the term; and (b) principal and interest on Second Tranche -- Lakes Note shall be repaid either (I) at Bank Closing, to the extent the Bank Development Loan has been increased from $28,000,000 to $36,000,000 plus accrued interest on such Second Tranches, and such increment is available first to fund any undisbursed amounts of the Second Tranche -- Lakes Note and the Second Tranche -- Non-Gaming, or (II) from distributions made underss.ss.5.5.5 and 5.5.6 of the Management Agreement and, if not sooner paid, in full at the end of the Term. B. If the Bank Closing does not occur, interest shall accrue on amounts advanced under the Lakes Development Loan at Wall Street Journal prime plus 1%, not to exceed 10%. iv. Repayment of the Lakes Development Loan shall be subordinated to the Bank Development Loan, the Equipment Loan, as well as to any other third-party loans or equipment leases. Lakes agrees to execute and deliver subordination agre...
Sample 1

Related to Lakes Development Loan

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

  • Business Development Provide advice and assistance in business growth and development of Party B. 业务发展。对乙方的业务发展提供建议和协助。

  • Research Funding (a) During each Collaboration Term and in connection with any wind-down activities contemplated by Section 13.4. Gilead shall reimburse Hookipa for all Out-of-Pocket Costs actually incurred (with no markup) by Hookipa in connection with the applicable Program, to the extent specifically contemplated in the applicable Research Plan and in accordance with the applicable Research Budget. Gilead shall reimburse the undisputed amount of such Out-of-Pocket Costs incurred in a [***] within [***] days after receipt from Hookipa of an invoice therefor issued within [***] days after the end of such [***]. (b) During each Collaboration Term for a Program, Gilead shall reimburse Hookipa at the FTE Rate for the costs of any FTEs (not to exceed the number of FTEs specified in the applicable Research Plan for such Program for any period without first obtaining, in each case, Gilead’s prior written consent) actually performing activities allocated to Hookipa under such Research Plan. Hookipa shall provide to Gilead, within [***] days after the end of each [***] during each Collaboration Term, a report indicating the number of FTEs actually provided by Hookipa with respect to each Program during such [***], Hookipa shall use standard industry systems and processes to record the number of hours and FTEs actually applied to each Program, which systems and processes shall be consistently and equitably applied to all Hookipa research programs with Third Parties. Gilead shall reimburse Hookipa the undisputed amount for such FTE costs incurred in a [***] within [***] days after receipt from Hookipa of an invoice therefor issued within [***] days after the end of each [***]. (c) For clarity, Gilead shall not be obligated to reimburse Hookipa for any costs or expenses incurred by Hookipa in the course of its activities under the Programs, other than: (i) those costs and expenses expressly identified in this Section 9.6 or elsewhere in this Agreement; (ii) reimbursement for the supply of Licensed Products to Gilead in accordance with the terms of any supply agreement entered into by the Parties pursuant to Section 7.2; or (iii) any other costs and expenses approved by Gilead in writing in advance.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • 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.

  • Skills Development The Company acknowledges the changing pace of technology in the electrical contracting industry and the need for employees to understand those changes and have the necessary skill requirements to keep the Company at the forefront of the industry. The Parties to this Agreement recognise that in order to increase the efficiency, productivity and competitiveness of the Company, a commitment to training and skill development is required. Accordingly, the parties commit themselves to: i) Developing a more highly skilled and flexible workforce. ii) Providing employees with career opportunities through appropriate training to acquire the additional skills as required by the Company. Taking into account; The current and future skill needs of the Company. The size, structure and nature of the Company. The need to develop vocational skills relevant to the Company and the Electrical Contracting Industry. Where, by agreement between the employee and employer, an employee undertakes training providing skills, which are not a company specific requirement, any time spent in the completion of this training shall be unpaid.

  • 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.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B; (ii) Advice and assistance in strategic planning; and

  • 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.

  • Project Administration Designation Pursuant to Paragraph (B) of Rule 164-1-21 of the Administrative Code, the Recipient shall designate its Chief Executive Officer, Chief Fiscal Officer and Project Manager in Appendix B of this Agreement. Changes in these designations must be made in writing.

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