Payments to the City. Funding Recipient shall make no payment to the City in connection with the Funding, City-Funded Equipment and/or City-Funded Vehicles, except for payments demanded by the City in connection with a Default or Event of Default under this Agreement, indemnification by Funding Recipient of the City under this Agreement, generally applicable taxes and fees and other payments authorized or required by any provision of this Agreement.
Payments to the City. A. Pursuant to Section 26-211 of the City’s Code of Ordinances, Xxxxx shall pay all taxes, licenses, fees, and other charges which are outstanding and due to the City prior to the Effective Date. Xxxxx further represents that it is not prohibited by City Code Section 26-211 from being eligible to award this Contract.
Payments to the City. Section 8(b) of the Agreement is hereby deleted and replaced with the following:
Payments to the City. 40.1 FRANCHISE FEES The Contractor shall pay Franchise Fees to the City in exchange for the rights and privileges granted to the Contractor pursuant to this Agreement, including the exclusive right to provide Residential Collection Services and Commercial Services in the City. The Franchise Fees for Collection Services shall be set by the City and charged for each Customer, subject to any exceptions established by the City. The Franchise Fee for Residential Customers shall be a specified dollar amount that will be charged for each Dwelling Unit that is served by the Contractor. The Franchise Fee for Commercial Customers shall be a specified dollar amount that will be charged for each cubic yard of Commercial Waste generated by the Customer. The Franchise Fees for Residential Customers and Commercial Customers may be changed from time-to-time, as deemed appropriate by the Commission. On or before the tenth (10th) day of each Operating Month, the Contractor shall deliver to the City a report that summarizes the Contractor’s Residential Collection Services and Commercial Collection Services during the prior Operating Month and shows the amount of the Franchise Fee to be paid by the Contractor to the City. The format and content of the report shall be subject to the approval of the City’s Chief Financial Officer or their designee. The report shall include, but is not limited to: the name and service address of each Commercial Customer; the account number of each Commercial Customer; the exact services provided to each Commercial Customer, including the size of each Collection Container used by the Customer and the frequency of Collection Service; the amount to be billed to each Commercial Customer; the Special Collection Services (if any) provided to each Customer; and the amount to be billed to each Customer for Special Collection Services. The report shall be submitted with an Excel spreadsheet or in another format that is compatible with the City’s computer software programs.
Payments to the City. During the term of this Agreement the Chargers shall pay the following, as consideration to the City for use and occupancy of the Stadium, without deduction, offset or credit of any kind, except as expressly set forth in Section 8(c) below and paragraph 2 of this Supplement Number Eight:
Payments to the City. Provided that all of the “Conditions to Payment” (as defined in Section III below) have been satisfied and remain satisfied at alI times during the term of this Agreement, Brown shall make voluntary payments to the City (in readily available funds) in the total amount of $46 million over ten years in accordance with the payment schedule provided in the table immediately below. If any of the following dates falls on (a) a Saturday, Sunday, or other legal holiday in Rhode Island, or (b) a day on which banking institutions are authorized pursuant to United States law to close, then the payment may be made on the next succeeding business day: August 1, 2024 $6,000,000 July 1, 2025 $6,000,000 July 1, 2026 $5,000,000 July 1, 2027 $5,000,000 July 1, 2028 $4,000,000 July 1, 2029 $4,000,000 July 1, 2030 $4,000,000 July 1, 2031 $4,000,000 July 1, 2032 $4,000,000 July 1, 2033 $4,000,000
Payments to the City. (a) The Parties agree that a portion of the money paid by ComEd as set forth below shall be utilized by the City to pursue residential efficiency assessments and municipal building efficiency programs. Additional funds may, at the sole discretion of the City, be utilized by the City to pursue other energy efficiency programs as the City in its sole discretion may deem necessary, which may include but shall not be limited to:
(i) Building industry professionals’ efficiency workshops;
(ii) Motor efficiency workshops;
(iii) Industrial efficiency workshops;
(iv) Weatherization assistance programs; and
(v) Lighting exchange and give-away programs.
(b) The Parties agree that at least $100,000 per year of the money paid by ComEd as set forth below constitutes reimbursement for the actual, out-of-pocket costs of an independent engineer selected by the City to serve on the Replacement Project Review Panel, as defined in the 2007 Project Deferral And Substitution Agreement, attached hereto as Exhibit A.
(c) ComEd shall pay the following amounts to the City by the dates indicated, subject to adjustment pursuant to other terms of this Agreement:
(i) $23,000,000 no later than December 31, 2007;
(ii) $18,000,000 no later than one (1) year after the date of the payment in clause (i) above;
(iii) $8,000,000 no later than two (2) years after the date of the payment in clause (i) above;
(iv) $3,000,000 no later than May 31, 2010;
(v) $1,000,000 no later than three (3) years and two (2) months after the date of the payment in clause (i) above; and
(vi) $2,000,000 no later than February 15, 2012.
(d) ComEd will submit amounts due to the City hereunder via electronic funds transfer or other means to a bank or financial institution designated in writing by the City at least three (3) business days prior to the date of such payment. Each Party agrees to supply any and all information necessary to provide for automatic electronic funds transfer and payment of such amounts due to the City and/or perform such acts and deliver and execute such documents, agreements and authorizations as may be necessary to assist in or accomplish payment by such method. The City may direct ComEd to make payments directly to third parties of any portion of the amount payable under Section 2(c) by delivering to ComEd a letter of direction at least three (3) business days prior to the date of any payment.
(e) Upon a failure by ComEd to make any payment under this Section 2 as required above, the amount...
Payments to the City. 14 6.1 Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 6.2 Payment in Lieu of Franchise Fee . . . . . . . . . . . . . . . . . . . 15 6.3 Expense Reimbursement. . . . . . . . . . . . . . . . . . . . . . . . . 16 6.4
Payments to the City. 2.1. In consideration for the City's transfer of the Property to I&M and for the City's promises and obligations contained herein (as more fully set forth in Section 3 of this Agreement), I&M shall make the following payments to the City:
2.1.1. I&M will pay the City $5,000,000 within thirty (30) days of the Effective Date of the Final Order.
2.1.2. I&M will make the following monthly installment payments (which shall be comprised of both principal and interest) to the City for fifteen (15) years which payments shall be due on the first (1st) of each month, paid in immediately available funds and directly deposited into an account designated by the City:
2.1.2.1. $1,740,000 per year, payable in monthly installments of $145,000 each, commencing on March 1, 2010 and ending on February 1, 2013 (which payment is the same as the payment I&M was making under the Lease during the final year of its term);
2.1.2.2. $2,200,000 per year, payable in monthly installments of $183,333.33 each, commencing on March 1, 2013 and ending on February 1, 2016;
2.1.2.3. $2,400,000 per year, payable in monthly installments of $200,000 each, commencing on March 1, 2016 and ending on February 1, 2021; and
2.1.2.4. $2,600,000 per year, payable in monthly installments of $216,666.66 each, commencing on March 1, 2021 and ending on February 1, 2025.
2.1.3. If I&M fails to make any of the above payments by the date required, the City shall give written notice of such failure. I&M shall have twenty (20) days from the receipt of notice to make the required payment. If the required payment is not made within this twenty (20) day notice period, I&M shall be in "Default."
2.1.4. In the event of Default by I&M, the City shall be entitled to seek to enforce the terms of this Agreement in a court of law.
2.1.5. Any installment which is not paid in full on or before the fifth day of a month shall accrue interest at a rate of ten percent (10%) per annum until paid in full.
Payments to the City. For each Home Game played during the term of this Agreement, the Chargers shall pay the following, as consideration to the City for and on account of the Chargers' use and occupancy of the Stadium Premises hereunder:
