Payments by the Authority Sample Clauses

Payments by the Authority. 35.3 If this Agreement is terminated by the Authority pursuant to Clause 34.1(a) (Termination by the Authority) or by the Supplier pursuant to Clause 34.3(a) (Termination by the Supplier), the Authority shall pay the Supplier the following payments (which shall be the Supplier's sole remedy for the termination of this Agreement):
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Payments by the Authority. 11.1.1 In accordance with this Article 11, for the Contractor’s proper and complete performance of the Work for a Construction Work Package, the Authority shall pay the Contractor the Task Order Price for that Construction Work Package, and for the Contractor’s proper and complete performance of the Work for a Pre-Construction Work Package, the Authority shall pay the Contractor the CMR Pre-Construction Services Fee for that Pre- Construction Work Package. Monthly progress payments shall be made on a percent complete basis as the Work proceeds, or at more frequent intervals as determined by the Contracting Officer, based on invoices provided by the Contractor and approved by the Contracting Officer. The Authority shall make payments within thirty (30) days after receipt of a proper invoice in the office designated in Section 11.2.
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Payments by the Authority. 35.3 If this Agreement is terminated (in part or in whole) by the Authority pursuant to Clauses 34.1 or 34.4, by the Supplier pursuant to Clause 34.5 or the Term expires, the only payments that the Authority shall be required to make as a result of such termination (whether by way of compensation or otherwise) are payments in respect of unpaid Charges for Services received up until the Termination Date.
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Payments by the Authority. Section 6.01. Payments to Be Paid From Available Revenue 8 Section 6.02. Lease Rental Payments 8 Section 6.03. Manner of Payment 8 Section 6.04. Expression of Authority’s Need for the Leased Property 8 ARTICLE VII TITLE TO THE LEASED PROPERTY; LIMITATIONS ON ENCUMBRANCES Section 7.01. Title to the Leased Property 9 Section 7.02. No Encumbrance, Mortgage or Pledge of Leased Property 9 ARTICLE VIII
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Payments by the Authority. The Authority shall pay Rental Payments to the County in the sum of $32.00, that being $1.00 per year for a maximum of 32 years, which amount represents the total Rental Payments due hereunder during the Ground Lease Term (including all renewal option periods). The parties hereto hereby acknowledge that said Rental Payments have been paid in full on the date hereof in lawful money of the United States of America at the principal office of the County. The County and the Authority hereby determine and agree that the Rental Payments payable hereunder during the Ground Lease Term, together with other good and valuable consideration received by the County under and pursuant to a Sublease, if any, represent reasonable rental for the use of the Property. In making such determination, the County and the Authority have given consideration to the current value of the Property, the execution by the County and the Authority of the Lease and the rentals payable thereunder, the financing by the Authority of the Facility, the uses and purposes for which the Facility will be employed by the County, the benefit to the citizens of the County by reason of the improvement of the Facility and the use and occupancy of such Facility. NONSUBORDINATION OF THE COUNTY’S INTEREST The Authority intends to finance the Facility by the issuance of the Series 2024 Bonds in accordance with the provisions of the Lease and Master Resolution; however, it is understood and agreed that only the Authority’s leasehold interest in the Property will be used as security for the payment of the principal, premium, if any, and interest, if any, on such Bonds. Consequently, it is understood and agreed by and between the County and the Authority that the County has not subordinated, and shall not be required to subordinate, its interest in and to the Property to secure such financing. However, it is acknowledged that improvements constructed on the Property will or may be used as security for the Series 2024 Bonds. TITLE; LIMITATIONS ON ENCUMBRANCES
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Payments by the Authority. The Concessionaire acknowledges and agrees that if the Authority is required under applicable Law of general application to withhold a portion of any payment that the Authority is obligated to make to the Concessionaire under this Agreement, the Authority will be deemed to have satisfied the portion of such payment obligation to the Concessionaire to the extent of such withholding by the Authority. If a law requires payment to a third-party then payment hereunder shall be deemed made when paid to such third-party. In addition, if any such withheld amounts are permitted to be released, the Authority shall release such amounts to the Concessionaire when so permitted by law. The Authority shall notify the Concessionaire in writing five (5) Business Days prior to the withholding of any portion of any payment that it is obligated to make to the Concessionaire under this Agreement pursuant to this Section 3.17.
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Related to Payments by the Authority

  • Damages for delay by the Authority In the event that (i) the Authority does not procure fulfilment of any or all of the Conditions Precedent set forth in Clause 4.1.2 within the period specified in respect thereof, and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure, the Authority shall pay to the Concessionaire Damages in an amount calculated at the rate of 0.1% (zero point one per cent) of the Performance Security for each day‟s delay until the fulfilment of such Conditions Precedent, subject to a maximum of 20% (twenty percent) of the Performance Security.

  • Obligations of the Authority (i) The Authority shall, at its own cost and expense, undertake, comply with and perform all its obligations set out in this Agreement or arising hereunder.

  • Compensation for default by the Authority Subject to the provisions of Clause 35.6, in the event of the Authority being in material default or breach of this Agreement at any time after the Appointed Date, it shall pay to the Concessionaire by way of compensation, all direct costs suffered or incurred by the Concessionaire as a consequence of such material default or breach within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no such compensation shall be payable for any material breach or default in respect of which Damages have been expressly specified in this Agreement. For the avoidance of doubt, compensation payable may include interest payments on debt, O&M Expenses, any increase in capital costs on account of inflation and all other costs directly attributable to such material breach or default but shall not include loss of Fee revenues, debt repayment obligations or other consequential losses, and for determining such compensation, information contained in the Financial Package and the Financial Model may be relied upon to the extent it is relevant.

  • Damages for delay by the Concessionaire In the event that (i) the Concessionaire does not procure fulfilment of any or all of the Conditions Precedent set forth in Clause 4.1.3 within a period of 180 (one hundred and eighty) days from the date of this Agreement, and (ii) the delay has not occurred as a result of failure to fulfil the obligations under Clause 4.1.2 or other breach of this Agreement by the Authority, or due to Force Majeure, the Concessionaire shall pay to the Authority Damages in an amount calculated at the rate of 0.2% (zero point two per cent) of the Performance Security for each day's delay until the fulfilment of such Conditions Precedent, subject to a maximum of 20% (twenty percent) of the Performance Security.

  • Cancellation by the Association If (a) the right of the Borrower to make withdrawals from the Credit Account shall have been suspended with respect to any amount of the Credit for a continuous period of thirty days, or (b) at any time, the Association determines, after consultation with the Borrower, that an amount of the Credit will not be required to finance the Project’s costs to be financed out of the proceeds of the Credit, or (c) at any time, the Association determines, with respect to any contract to be financed out of the proceeds of the Credit, that corrupt or fraudulent practices were engaged in by representatives of the Borrower or of a beneficiary of the Credit during the procurement or the execution of such contract, without the Borrower having taken timely and appropriate action satisfactory to the Association to remedy the situation, and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Credit, or (d) at any time, the Association determines that the procurement of any contract to be financed out of the proceeds of the Credit is inconsistent with the procedures set forth or referred to in the Development Credit Agreement and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Credit, or (e) after the Closing Date, an amount of the Credit shall remain unwithdrawn from the Credit Account, the Association may, by notice to the Borrower, terminate the right of the Borrower to make withdrawals with respect to such amount. Upon the giving of such notice, such amount of the Credit shall be canceled.”

  • Dispute Resolution by the Appropriate Commission i) Where any Dispute or differences arises in relation to this agreement of any nature whatsoever including the construction, interpretation or implementation of the provisions of this agreement as well as claim made by any Party for any change in or determination of the Tariff or any matter related to Tariff or claims made by any Party which partly or wholly relate to any change in the Tariff or determination of any of such claims could result in change in the Tariff, and relates to any matter agreed to be referred to the Appropriate Commission, shall be submitted to adjudication by the Appropriate Commission. Appeal against the decisions of the Appropriate Commission shall be made only as per the provisions of the Xxxxxxxxxxx Xxx, 0000, as amended from time to time.

  • Agreement to Pay Attorneys’ Fees and Expenses In the event the Company should default under any of the provisions of this Project Agreement and the Agency should employ attorneys or incur other expenses for the collection of amounts payable hereunder or the enforcement of performance or observance of any obligations or agreements on the part of the Company herein contained, the Company shall, on demand therefor, pay to the Agency the fees of such attorneys and such other expenses so incurred.

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