Long Term Financing. Consider and put in place a long-term financing system, allowing to support national and local NGOs involved in the preservation of Mountain Gorillas and their habitats.
Long Term Financing. The developers of the commercial/industrial/Retail sites and the single and multi-family homes will arrange for long term financing for their individual projects. Relocation Plan For Current Residents There will be no relocation of Mercedes residents. Development Schedule and Assumptions The Development Schedule is based upon the immediate needs of the City and the public works are listed by priority. The City intends to remain flexible in order to leverage other funds with TIRZ funds to maximize the efficiency of the City’s funds. TIRZ funds will fund less than 50% of the identified City capital improvements and the City will look to other sources of revenue to make up the difference. Financial Assumptions No tax rate changes have been factored into the financial pro forma's for the District. All projections assume that taxable appraised value and tax rates will remain unchanged. It has also been assumed that the taxing entities will continue to collect tax revenues at the same rate and that homestead and other exemption rates will remain unchanged. The finance plan assumes a collection rate of 97.5% because 70% of the new development will be in the form of commercial construction. The long-term lenders who do the permanent financing for these types of projects generally require proof that the taxes are current. Residential projects that receive incentive financing will have, as a term of the assistance, to have property taxes included in the mortgage payments. The City acknowledges that in any given year the amount of taxes collected will fall below 97.5% but over the life of the Zone these delinquent taxes will be paid. Administrative Expenses The inter-local agreement by and between Xxxxxxx County, the City of Mercedes and Reinvestment Zone Number One provides for administrative expenses in the amount of $25,000. It is not the intention of the City to ever charge the Zone an administrative expense. The funds are provided for the contingency that the County may at some future time levy and administrative expense to process payment to the Zone. City of Mercedes - Tax Increment Reinvestment Zone Sources & Uses Sources of Funds TIF Revenues at $ 9,464,882 Total Sources of Funds $ 9,464,882 Uses of Funds Begin Construction 2017-2018 Public Improvements (Project Costs) Street and Arterial Right of Way Acquisition $ 1,000,000 New North-South Arterials and Collectors $ 2,500,000 New East-West Arterials and Collectors $ 1,500,000 Water System Expansion Water Ri...
Long Term Financing. On or before the date which is the earlier of (i) the Depletion Date, and (ii) August 15, 1999 (the "Commitment Date"), AMERALIA shall deliver to HPD a commitment letter from a financial institution committing to provide long-term financing to AMERALIA for the Rock School Project, which commitment letter and financial institution must both be acceptable to HPD in HPD's sole and absolute discretion. At a minimum, the commitment letter must provide for the guaranteed payment of the HPD Loan in full on or before the date specified in this Agreement. If for any reason AMERALIA fails to provide to HPD the aforementioned commitment letter from a financial institution by the Commitment Date (which commitment letter and financial institution must both be acceptable to HPD in HPD's sole and absolute discretion), HPD may terminate this Agreement upon written notice to AMERALIA. If this Agreement is so terminated, HPD shall be entitled to receive the following from AMERALIA: payment for the Cost of the Work incurred and the Engineering Fee earned to the date of termination, the Deposit Relief Fee, reimbursement for all cancellation charges incurred by HPD in relation to its subcontractors, and a demobilization fee in an amount equal to $500,000.
Long Term Financing. 4.1 For the purposes of this Section 4 the following terms shall have the meanings set forth below:
Long Term Financing. Pursuant to Section 9.7 of the Canadian Agreement, Canadian Lenders agreed that Bank of America Canada and its Affiliates may engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Restricted Persons and their respective Affiliates as though Bank of America Canada were not the Canadian Agent or the Canadian LC Issuer hereunder and without notice to or consent of Lenders. Canadian Lenders acknowledged that, pursuant to such activities, Bank of America Canada or its Affiliates may receive information regarding any Restricted Person or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Restricted Person or such Affiliate) and that the Canadian Agent shall be under no obligation to provide such information to them. Although not required by the terms of the Original Agreement, Bank of America Canada hereby notifies Canadian Lenders that USB AG, Stamford Branch, UBS Warburg LLC, Bank of America and Banc of America Securities LLC have agreed to provide the Long Term Financing and may provide additional services to the Restricted Persons in connection with the acquisitions financed thereby.
Long Term Financing. Provided that if by the 450th calendar day after the date of this Agreement, (i) there is no default by BORROWER that remains uncured under this Agreement, the Mortgage, the Mortgage Note and/or the Acknowledgement Notes; (ii) the Building has then been constructed and finished substantially in accordance with the plans and specifications; (iii) all the Equipment has then been acquired by the BORROWER and, when applicable, installed in the Building; (iv) The Administration of Regulations and Permits ("ARPE") of the Commonwealth of Puerto Rico has then issued a Use Permit (the "Use Permit") for the Building; then and if the aforesaid conditions are met, LENDER irrevocably covenants and agrees that it will convert the LOAN into a permanent loan for the SECURITY, the Building and the Equipment. The LOAN (a) shall then continue to be secured as provided hereinbefore and as provided in the Mortgage, the Acknowledgment Notes and the Mortgage Note; (b) shall bear interest at a fluctuating annual rate equivalent to TWO HUNDRED (200) basis points over LIBOR; and (c) shall mature and be payable as set forth in paragraph 31 of this Agreement.
Long Term Financing. The Company shall have entered into the Long Term Financing (as such term is defined in Settlement Agreement and Mutual Release) and borrowings thereunder have been made available to the Company.”
Long Term Financing. No later than two (2) months prior to the Delivery Date of each Aircraft, the Borrower (or the Guarantor or an Affiliate of the Guarantor) shall obtain (or shall ensure that Intrepid shall obtain) an executed term sheet for a long-term financing of each Aircraft following its delivery with a reputable financial source, such as bank lenders or institutional investors, or shall otherwise give the Lenders comfort that the Borrower will be able to repay the Loans attributable to that Aircraft in full on the Aircraft’s Delivery Date; provided, however, that prior to mandating a third party proposal for such long-term financing (a “Third Party Financing Proposal”), the Borrower (or the Guarantor or an Affiliate of the Guarantor) shall first notify the Facility Agent of the key economic terms of a Third Party Financing Proposal and the Facility Agent shall have ten (10) days to indicate whether it wishes to match or better the terms of such Third Party Financing Proposal (a “Matching Financing Proposal”). If the Facility Agent delivers such Matching Financing Proposal to the Borrower, the Facility Agent and the Borrower (or the Guarantor or an Affiliate of the Guarantor) shall negotiate for a period of thirty (30) days to enter into a term sheet in respect of such long-term financing. If the Facility Agent does not provide such Matching Financing Proposal within such ten (10) day period or if no term sheet is finalized within such ten (10) day period, the Borrower (or the Guarantor or an Affiliate of the Guarantor) shall have the right to enter into a term sheet with a third party for long-term financing. Further, the parties hereto agree that, with regards to a Matching Financing Proposal for Aircraft 1, the Borrower (or the Guarantor or an Affiliate of the Guarantor) may specify an Airbus Model A330 aircraft, other than Aircraft 1, that, as of the date hereof, is scheduled to be delivered to a lessee, other than the Approved Lessee for Aircraft 2, on or before November 2014, as a substitute of which the Facility Agent shall have the right to deliver a Matching Financing Proposal under this Section 9(x).
Long Term Financing. The Borrowers shall use commercially reasonable efforts to obtain long-term financing, whether through the offering or placement of debt or equity securities or otherwise, in order to effect the prepayment of all outstanding Loans and the termination of any unused portion of the Aggregate Commitment, in each case prior to the Maturity Date.
Long Term Financing. The parties agree to cooperate in raising additional financing for IC One and STI. The parties expect that IC One and MGM, and STI and MGM will negotiate shortly after the execution of this MOU additional financing agreements whereby IC One agrees to pledge as collateral its key smart card patent for additional bridge financing in the amount of $2.75 million to carry IC One through the consummation of the transactions contemplated hereby. MGM and STI will negotiate a bridge loan in the amount of $250 thousand to carry it through the consummation of the transactions contemplated hereby. MGM will release the patent as collateral upon payment of the note.
