METRO OBLIGATIONS Clause Samples

METRO OBLIGATIONS. Metro will assign a program manager to oversee Metro’s work on the Program. Metro’s program manager will coordinate the work of Metro to perform the following tasks:
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METRO OBLIGATIONS. To the extent, if any, Metro undertakes, or is required to undertake, for any reason one or more obligations of the Campus Developer described in this Agreement, the corresponding reference herein to the Campus Developer shall be construed to refer to Metro, and Metro shall be obligated to perform such obligation with respect to the applicable component of the Campus to which such obligation pertains until a Campus Developer assumes such obligations.
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METRO OBLIGATIONS. 6.1. Metro will not take any action, or fail to take any action, that would result in the OCC Bonds or PCPA Bonds becoming taxable. Metro will indemnify the Parties for any costs incurred by the Parties from Metro action, or failure to take action, that makes the OCC Bonds or the PCPA Bonds taxable. 6.2. Metro intends to enter into an OCC Hotel Project Development Agreement and to issue OCC Hotel Project Bonds as follows: 6.2.1. In support of the OCC Hotel Project, and after the OCC Hotel Project Development Agreement is signed, Metro intends to issue OCC Hotel Project Bonds, which will be revenue bonds in an amount expected to provide not more than $60,000,000 of net proceeds to fund a portion of the proposed OCC Hotel Project. 6.2.2. If Metro signs an OCC Hotel Project Development Agreement by December 31, 2018, and issues OCC Hotel Project Bonds, the OCC Hotel Project Bonds will be secured in part or in whole by TLT Net Revenues and will be amortized over a period not to exceed 30 years. 6.2.3. Prior to final pricing of the OCC Hotel Project Bonds, Metro shall submit the bond debt service to the Financial Review Team for review and verification as described in Task 4B of Attachment A. 6.2.4. Review and reconciliation of the SSTLTR and OCC Hotel Project Bond payments shall occur as described in Task 5 of Attachment A and as follows: 6.2.4.1. Within the first 180 days of every five Fiscal Years beginning in the sixth Fiscal Year following the opening of the OCC Hotel Project, and continuing for as long as the OCC Hotel Project Bonds are outstanding, the Financial Review Team shall undertake a reconciliation accounting review and analysis of the SSTLTR paid by the OCC Hotel Project. The Trustee may also initiate FRT review of the SSTLTR at any time the Restricted Reserve balance falls to, or is expected to fall to, 25% or less of the minimum required in Section 3.3.12, or when the Restricted Reserve balance has declined for three consecutive Fiscal Years. 6.2.4.2. As a result of such review and reconciliation accounting, and if no funds are available in the Restricted Reserve, the FRT may determine that a Metro reimbursement payment to the VFTA is required. As described in Task 5 of Attachment A, the FRT shall determine the amount of any required reimbursement payment as long as it is no greater than the cumulative accounting debit balance. Metro shall make such reimbursement payment in equal annual installment payments over the ensuing three Fiscal Years,...
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METRO OBLIGATIONS. 6.1. Metro has issued the OCC Hotel Project Bonds secured by the TLT Net Revenues. Metro issued the OCC Hotel Bonds conditioned on the TLT Net Revenues, ETF TLTs, the creation of the VFTA and the County’s dedication of the tax collections from the TLT Net Revenues to the VFTA. 6.2. So long as OCC Hotel Project Bonds are outstanding, Metro will, at least twelve
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METRO OBLIGATIONS. Metro will take all steps necessary to support an MTIP amendment that applies the Regional Flexible Funds to the County’s Basalt Creek Parkway Extension Project.
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METRO OBLIGATIONS. A. Metro shall cooperate with the County in the County’s performance of its work pursuant to this agreement. B. ▇▇▇▇▇ has assigned a Project Manager for this agreement who will be Metro’s principal contact person regarding administration of this agreement. ▇▇▇▇▇ ▇▇▇▇▇▇▇ is Metro’s Project Manager for this agreement. C. Subject to the conditions and limitations of the Oregon Constitution and the Oregon Tort Claims Act, ORS 30.260 through 30.300, Metro shall indemnify, defend and hold harmless the County from and against all liability, loss and costs arising out of or resulting from the acts of Metro its officers, employees and agents in the performance of this agreement. D. Metro represents and warrants to the County that: i. Metro has full legal right and authority to execute and deliver this agreement and to observe and perform its duties, covenants, obligations and agreements hereunder; and ii. The agreement has been authorized pursuant to its official action that has been adopted and authorized in accordance with applicable state law. E. Subject to the exercise by the NAS of its rights to withhold or delay payment, as set forth in Article XI of the Prime Contract, Metro shall pay the County, in consideration for the services the County performs under this agreement, the sum of Fifty Thousand Nine Hundred Dollars ($50,900) within thirty (30) days of an approved invoice for services performed, which amount includes any necessary staffing, data and service expenses that may be incurred by the County.
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METRO OBLIGATIONS. ▇▇▇▇▇ agrees to the following: 1. Obtain a Certificate of Occupancy and/or Letter of Completion for the Project Site by December 31, 2022, which may be extended by the City Manager upon written request. 2. Obtain all necessary site plan and building permits to complete re-occupancy of the Project Site. 3. If Metro does not obtain a Certificate of Occupancy for the Project Site by December 31, 2022, this Agreement shall terminate and the City shall be under no obligation to pay the incentive cash payment. Furthermore, Metro will be obligated to repay the City any building permit fees and construction use taxes waived. 4. If the $200,000 incentive has been paid to Metro and the IMAX auditorium is no longer operational at any time during the initial four years following issuance of the Certificate of Occupancy, other than due to a required City closure or an equipment repair that is being diligently pursued by Metro, the following incentive payback schedule will pertain: a. Within the first year, the entire $200,000 is due and payable to the City. b. If IMAX closes within two years, $150,000 is due and payable to the City. c. If IMAX closes within three years, $100,000 is due and payable to the City. d. If IMAX closes with four years, $50,000 is due and payable to the City. The City may use any legal methods of collection if the required payback has not been made by Metro within thirty days of written notice from the City, including but not limited to, the filing of a lien on any property owned by Metro and certifying the amount due and payable to Larimer County for collection from taxes.
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Related to METRO OBLIGATIONS

  • Client Obligations 3.1 In AVEVA Connect the Client Account Administrator can register for User Credentials for Client Account Users for their access to the AVEVA Services. User Credentials are personal and Client may not sell, transfer or sublicense them to any other person. 3.2 Client may make the SaaS Application(s) available for Use by Affiliates and Permitted Third Parties only to the extent expressly permitted in the Subscription Agreement, provided that Client shall be liable for their acts and omissions and any non-compliance with the terms of this Agreement. 3.3 Client is solely responsible for its Use of the AVEVA Services and shall: (a) make all Client Users aware of the terms of this Agreement; (b) be liable for the Fees for the number of Client Users who the Client Account Administrator has registered to Use the AVEVA Services; (c) not allow any User Credentials to be used by more than one individual Client User unless it has been reassigned in its entirety to another individual, in which case the prior Client Users shall no longer have any right to Use the AVEVA Services; (d) ensure that its Use of the AVEVA Services and provision of any Client Content or Client Submissions will not violate any Policy or Applicable Law; (e) provide AVEVA with such co-operation as required by AVEVA to provide the AVEVA Services; (f) be responsible for all activities of Client Users and any use of Client's User Credentials and shall ensure that its User Credentials are kept confidential and secure. AVEVA shall not be responsible for any unauthorized access through Client's User Credentials; (g) obtain and shall maintain all necessary licences, consents, and permissions necessary for Client Content; and (h) be solely responsible for (i) any Client Submissions and Client Content, including the legality, reliability, integrity, accuracy and quality of Client Submissions and Client Content, and (ii) procuring and maintaining any systems, network connections and telecommunications links necessary to access the AVEVA Services or use any APl. 3.4 Client shall use all reasonable endeavours to prevent any unauthorised Use of the AVEVA Services and, in the event of it becoming aware of any such unauthorised Use, shall promptly notify AVEVA. 3.5 AVEVA shall be permitted to audit Client's Use of the AVEVA Services through the functionality of AVEVA Connect.