Percentage Limitation on Public Financing Disbursements Sample Clauses

Percentage Limitation on Public Financing Disbursements. The parties hereby agree that it is intended that the Project Costs shall be paid, in the aggregate, proportionately from the various funding sources set forth in the Project Budget throughout the construction cycle for each respective Phase; provided however, that nothing set forth herein shall require that any specific line item be paid proportionately from such funding sources. For purposes of illustrative example only, if the Project Budget for Phase 1 shows an estimated $182,500,000 of Project Costs, $45,000,000 of which are to paid with STAR Bonds, $12,500,000 of which are to be paid with CID Proceeds and $125,000,000 of which are to be paid with Private Funds (as defined below), then the percentage allocations (the "Percentage Allocations") for purposes of this provision shall be (i) 32% from Public Financing Proceeds, and (ii) 68% from Private Funds. For purposes hereof, the term "Private Funds" shall be deemed to mean private debt, equity or other private sources for payment of Project Costs.
Sample 1
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Related to Percentage Limitation on Public Financing Disbursements

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  • Treatment of Passthru Payments and Gross Proceeds The Parties are committed to work together, along with Partner Jurisdictions, to develop a practical and effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden.

  • Restriction on Disbursements No Entitlement Funds shall be disbursed to the Developer or contractor except pursuant to a written contract, which incorporates by reference the general conditions of this contract.

  • Limitation on Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Monitoring of Contribution Limitations Information The Custodian shall not be responsible for monitoring the amount of contributions made to the designated beneficiary’s account or the income levels of any depositor or contributor for purposes of assuring compliance with applicable state or federal tax laws.

  • Limitation on Payment of Funds Despite section A4.1:

  • PROVISIONS OF THIS AGREEMENT APPLICABLE ON ALLOTTEE / SUBSEQUENT ALLOTTEES It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the Project shall equally be applicable to and enforceable against any subsequent Allottees of the [Apartment/Plot], in case of a transfer, as the said obligations go along with the [Apartment/Plot] for all intents and purposes.

  • Limitations on Shared-Loss Payment The Receiver shall not be required to make any payments pursuant to Section 2.1(d) with respect to any Foreclosure Loss, Restructuring Loss, Short Sale Loss, Deficient Loss, or Portfolio Loss that the Receiver determines, based upon the criteria set forth in this Single Family Shared-Loss Agreement (including the analysis and documentation requirements of Section 2.1(a)) or Customary Servicing Procedures, should not have been effected by the Assuming Institution; provided, however, (x) the Receiver must provide notice to the Assuming Institution detailing the grounds for not making such payment, (y) the Receiver must provide the Assuming Institution with a reasonable opportunity to cure any such deficiency and (z) (1) to the extent curable, if cured, the Receiver shall make payment with respect to the properly effected Loss, and (2) to the extent not curable, shall not constitute grounds for the Receiver to withhold payment as to all other Losses (or portion of Losses) that are properly payable pursuant to the terms of this Single Family Shared-Loss Agreement. In the event that the Receiver does not make any payment with respect to Losses claimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall, upon final resolution, make the necessary adjustments to the Monthly Shared-Loss Amount for that Monthly Certificate and the payment pursuant to Section 2.1(d) above shall be adjusted accordingly.

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