Payment of Sewer Agreement Obligations Subsequent to 2018 Sample Clauses

Payment of Sewer Agreement Obligations Subsequent to 2018. Within two (2) business days of the entry of a final non-appealable Order approving this Agreement, Mountain Creek and/or a Resort Operator shall disburse to the VTMUA, using the wire instructions set forth on Exhibit F hereto, the Vernon Municipal Fees held in the Vernon Municipal Fee Account (as of June 25, 2019, the balance of the Vernon Municipal Fee Account was $764,439.22), and the Vernon Parties shall apply such payment against the Annual Obligation due for 2019 (the “Initial Payment”). On or before January 1st, April 1st, July 1st and October 1st of each year (commencing October 1, 2019), Mountain Creek and/or a Resort Operator shall disburse, using the wire instructions set forth on Exhibit F hereto, the Vernon Municipal Fees held in the Vernon Municipal Fee Account as of December 1st, March 1st, June 1st and September 1st, respectively, towards payment of the Sewer Agreement Obligations owed for that calendar year (together with such reports as reasonably agreed to by Mountain Creek and the Vernon Parties supporting and evidencing the calculation of the Vernon Municipal Fees collected through December 1st, March 1st, June 1st and September 1st of the particular year). The Vernon Parties reserve the right to review the books and records of Mountain Creek and a Resort Operator (to the extent that such books and records relate to the charging, collection, and remittance of the Vernon Municipal Fee commencing on the Effective Date (defined below) of this Agreement), and to audit the Vernon Municipal Fee Account at any reasonable time by an auditor solely of the Vernon Parties choosing during reasonable business hours (the “Review and Audit Rights”).6 The Vernon Parties must provide at least seven (7) business days advance written notice, and shall pay all expenses related to exercising their Review and Audit Rights. All information obtained and/or reviewed by the Vernon Parties pursuant to the Review and Audit rights shall be deemed confidential information, and shall not be disseminated to any third party (including, for the avoidance of doubt, any resident or other person or entity affiliated with Vernon that is not a member of the Mayor’s Office, a member of the Township Council of Vernon, the VTMUA Board, or any other employee of Vernon whose employment by Vernon encompasses issues that arise in connection with this Agreement) other than the professionals employed by the Vernon Parties, and except as authorized (a) in writing by Mountain Creek or...
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Related to Payment of Sewer Agreement Obligations Subsequent to 2018

  • Obligations Supplemental The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII are to supplement any amount payable by any Primary Indemnitor to the Person indemnified under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver's (or Corporation's) payments to the extent of such excess.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

  • Conditions Subsequent The obligation of the Lender Group (or any member thereof) to continue to make Revolving Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of the conditions subsequent set forth on Schedule 3.6 to this Agreement (the failure by Borrowers to so perform or cause to be performed such conditions subsequent as and when required by the terms thereof (unless such date is extended, in writing, by Agent, which Agent may do without obtaining the consent of the other members of the Lender Group), shall constitute an Event of Default).

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Payment of GST If GST is payable on any supply made by a Party (or any entity through which that Party acts) (Supplier) under or in connection with this Agreement, the recipient will pay to the Supplier an amount equal to the GST payable on the supply.

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Judicial Council 's Obligation Subject to Availability of Funds A. The Judicial Council's obligation under this Agreement is subject to the availability of authorized funds. The Judicial Council may terminate the Agreement or any part of the Contract Work, without prejudice to any right or remedy of the Judicial Council, for lack of appropriation of funds. If expected or actual funding is withdrawn, reduced, or limited in any way prior to the expiration date set forth in this Agreement, or in any Amendment hereto, the Judicial Council may, upon written Notice to the Contractor, terminate this Agreement in whole or in part. Such termination shall be in addition to the Judicial Council's rights to terminate for cause or other than for cause, as set forth herein.

  • Supplier’s Obligations on Termination Unless otherwise specified by Buyer, upon Supplier’s receipt of a notice of termination of this Order, Supplier shall promptly: (a) stop work as directed in the notice; (b) place no further subcontracts/orders related to the terminated portion of this Order; (c) terminate, or if requested by Buyer assign, all subcontracts/orders to the extent they relate to work terminated; (d) deliver all completed work, work in process, designs, drawings, specifications, documentation and material required and/or produced in connection with such work; and (e) return or destroy all Confidential Information as set forth in Section 16(d).

  • Payment of Debt or Delinquency to the State Pursuant to §§2107.008 and 2252.903, Texas Government Code, Contractor agrees any payments owing to Contractor under this Agreement may be applied directly toward any debt or delinquency Contractor owes the State of Texas or any agency of the State of Texas, regardless of when it arises, until paid in full.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

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