Payment of Restoration Funds to Concessionaire. Subject to the satisfaction by the Concessionaire of all of the terms and conditions of this Section 13.3, the Depositary shall pay to the Concessionaire from time to time, any Restoration Funds, but not more than the amount actually collected by the Depositary upon the loss, together with any interest earned thereon, after reimbursing itself therefrom, as well as the City, to the extent, if any, of the reasonable expenses paid or incurred by the Depositary and the City in the collection of such monies, to be utilized by the Concessionaire solely for the Restoration, such payments to be made as follows:
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Samples: Allentown Water and Sewer Utility System Concession and Lease Agreement, Allentown Water and Sewer Utility System Concession and Lease Agreement, Concession and Services Agreement
Payment of Restoration Funds to Concessionaire. Subject to the satisfaction by the Concessionaire of all of the terms and conditions of this Section 13.313.4, the Depositary shall pay to the Concessionaire from time to time, any Restoration Funds, but not more than the amount actually collected by the Depositary upon the loss, together with any interest earned thereon, after reimbursing itself therefrom, as well as the CityUniversity, to the extent, if any, of the reasonable expenses paid or incurred by the Depositary and the City University in the collection of such monies, to be utilized by the Concessionaire solely for the Restoration, such payments to be made as follows:
Appears in 1 contract
Payment of Restoration Funds to Concessionaire. Subject to the satisfaction by the Concessionaire of all of the terms and conditions of this Section 13.3, the Depositary shall pay to the Concessionaire from time to time, any Restoration Funds, but not more than the amount actually collected by the Depositary upon the loss, together with any interest earned thereon, after reimbursing itself therefrom, as well as the CityAuthority, to the extent, if any, of the reasonable expenses paid or incurred by the Depositary and the City Authority in the collection of such monies, to be utilized by the Concessionaire solely for the Restoration, such payments to be made as follows:
Appears in 1 contract
Samples: Concession and Lease Agreement
