Limitations on Funding Sample Clauses

Limitations on Funding. (a) NOHFC shall hold back a portion of the total Funds payable to the Recipient hereunder equal to 10% of the Maximum Funds, to be released to the Recipient only after all of the following have occurred: (i) receipt by NOHFC of all Reports required to date under the Agreement, including the final Project Report required pursuant to Section 6.1(a), following the completion of the Project in accordance with this Agreement; and (ii) receipt by NOHFC of the final Request for Funds for the Project in accordance with Section 4.1(b)(i). (b) The Recipient shall promptly notify NOHFC if any funds are received for the Project from sources not shown in the Project Funding Chart or in amounts that exceed the amounts set out in the Project Funding Chart. In any such case, NOHFC may reduce the Maximum Funds by, or demand the repayment of, an amount equal to any such additional funds, or vary the Project Percentage accordingly. (c) If any Excess Funds Amount exists at any time, NOHFC may: (i) deduct an amount equal to the Excess Funds Amount from any further disbursement of Funds; or
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Limitations on Funding. (a) If the total amount paid or distributed by L.I.P.I. under the Program are less than the total Funds paid by the City to L.I.P.I., the City may: (i) decrease the amount of the Maximum Funds payable to L.I.P.I.; (ii) where applicable, demand the repayment of the excess Funds whereupon the amount demanded by the City shall immediately become due and payable.
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Limitations on Funding. AUTHORIZATION OF APPROPRIATIONS.— There is hereby authorized to be appro- priated to the Secretary and the Trust such funds as are necessary for them to carry out the purposes of this title for each of the 15 full fiscal years after the date of acquisition of the Xxxx ranch under section 104(a).
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Limitations on Funding. In no event will any quarterly payment under this Section 5.3 exceed sixty-five percent (65%) of the HOT Revenue collected by the Hotels and remitted to the City for any given quarter as described in this Section 5.3. The City is obligated to make the payments under this section only from the HOT Revenue collected from the Hotels, and the City is not obligated to make such payments from any other funds or revenues of the City. Company will have no right to any unexpended HOT Grant funds in any given HOT Tax Year, and such funds will remain with the City.
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Limitations on Funding. No costs or expenses of the COSM may be reimbursed under this Funding Contract to: A. fund the costs of any employee of the City of San Marcos/Texas State University, except as may be authorized under Section 5.6.5.2 of the FMA; B. fund any of the City of San Marcos/Texas State University administrative costs, including, but not limited to overhead or any form of management, administration, research, planning, engineering, or legal services performed by an employee of the City of San Marcos/Texas State University; or C. for purchase of alcoholic beverages
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Limitations on Funding. Subject to the Chamber’s satisfactory performance and compliance with the terms of this Agreement, the City agrees to provide annual funding equal to the LESSER of: (a) Thirty-five percent (35%) of the Chamber’s Total Annual Operating Budget for the ensuing fiscal year; or, {FY19 Budget - $166,125 x 35% = $58,144} (b) Thirty-five percent (35%) of the City’s Total Hotel Occupancy Tax receipts for the preceding fiscal year. {FY18-19 HOT Rev - $130,505 x 35% = $45,677} It is the expressed goal of this Agreement and the Parties hereto that at no time shall funding provided to the Chamber by the City under this Agreement represent the majority of overall annual operational funding of the Elgin Chamber of Commerce nor the majority of Hotel Occupancy Tax annual revenue collected by the City.
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Limitations on Funding. Up to One Hundred Twenty-Five Thousand Dollars ($125,000) is available in funding by Chevron. Chevron will fund up to one (1) posted Eligible Classroom Project Request per Eligible Project Submitter. Projects of One Thousand Dollars ($1,000) or less in material costs (excluding taxes, vendor or order fulfillment fees and any optional donation to support XxxxxxXxxxxx.xxx) per Eligible Classroom Project are eligible for Chevron funding. Chevron, in its sole discretion, reserves the right to partially fund an Eligible Classroom Project Request in the event that insufficient funds are available to fund an entire project, but in the event that it does so, such action does not mean that other projects will be eligible for partial funding.
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Related to Limitations on Funding

  • Limitations on Use No part of the moneys delivered to the Recipient pursuant to Section II hereof is being or will be used to refinance, retire, redeem, or otherwise pay debt service on all or any part of any part of any governmental obligations regardless of whether the interest on such obligations is or was excluded from gross income for federal income tax purposes unless prior approval by the Director is given.

  • Limitations on Investments Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of Property in, any Person (all the foregoing, “Investments”) except: (a) (i) equity Investments existing on the Closing Date in Subsidiaries existing on the Closing Date, (ii) Investments existing on the Closing Date (other than Investments in Subsidiaries existing on the Closing Date) and described on Schedule 11.3, (iii) equity Investments made after the Closing Date in Subsidiary Guarantors, (iv) Investments made after the Closing Date by the Borrower or the General Partner in any Subsidiary Guarantor, and (v) Investments by a Subsidiary Guarantor in the Borrower, the General Partner or any other Subsidiary Guarantor; (b) Investments in cash and Cash Equivalents; (c) [Intentionally Omitted]; (d) deposits made in the ordinary course of business to secure the performance of leases or other obligations as permitted by Section 11.2; (e) Hedge Agreements permitted pursuant to Section 11.1; (f) purchases of assets in the ordinary course of business; (g) Investments in the form of Permitted Acquisitions; (h) Investments (x) in the form of loans and advances to employees in the ordinary course of business, which, in the aggregate, do not exceed at any time $1,000,000, (y) arising out of extensions of trade credit or advances to third parties in the ordinary course of business and (z) acquired by reason of the exercise of customary creditors’ rights upon default or pursuant to the bankruptcy, insolvency or reorganization of a debtor; (i) Investments in the form of Indebtedness permitted pursuant to Section 11.1(h); (j) Investments in any Non-Guarantor Subsidiary in an aggregate amount not to exceed at any time $15,000,000; (k) Guaranty Obligations (x) permitted pursuant to Section 11.1 or (y) constituting an obligation, warranty or indemnity, not guaranteeing Indebtedness of any Person, which is undertaken or made in the ordinary course of business; (l) Investments in joint ventures; provided, that the aggregate amount of all such Investments shall not at any time exceed the greater of (i) 5% of Consolidated Net Tangible Assets or (ii) $20,000,000; and (m) other additional Investments not otherwise permitted pursuant to this Section not exceeding the greater of (i) 5% of Consolidated Net Tangible Assets or (ii) $20,000,000 in the aggregate. For purposes of determining the amount of any Investment outstanding for purposes of this Section 11.3, such amount shall be deemed to be the amount of such Investment determined in accordance with GAAP.

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