Pre-Paid Frontage Improvement In-Lieu Fee Reimbursement Sample Clauses

Pre-Paid Frontage Improvement In-Lieu Fee Reimbursement. Pursuant to the terms of the Option Agreement, the Parties hereto have agreed that there is lineal feet [fill in for each Phase] of frontage on 24th Avenue South and [fill in for each Phase] lineal feet of frontage on S. 216th Street (“Phase Lineal Foot Frontage”). Based on the total Phase Lineal Foot Frontage and the Lineal Foot Factor for each street (as defined in the Option Agreement) the total Frontage Improvement In-Lieu Fee reimbursement (as defined in the Option Agreement) is $ . [calculate for each Phase] The Port agrees to finance the Frontage Improvement In-Lieu Fee reimbursement at an eight percent (8%) annual percentage rate over a seven (7) year term, fully amortized over the term in accordance with the repayment schedule attached hereto as Exhibit C and incorporated herein. The first payment will be due thirty (30) days after the Commencement Date or on the first day of the following month, whichever is later, then each payment thereafter will be due and payable on the first day of each month until fully paid. Each payment will be applied first to interest and then to principal. Payment of all principal and interest due and unpaid will be due in full if this Agreement is terminated prior to the end of the 7-year term. Tenant shall have the right to pre- pay all or part of the financed Frontage Improvement In-Lieu Fee without penalty.
Sample 1
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Pre-Paid Frontage Improvement In-Lieu Fee Reimbursement. Pursuant to the terms of the Option Agreement, the Parties hereto have agreed that there is lineal feet of frontage on 24th Avenue South and lineal feet of frontage on South 216th Street (“Phase Lineal Foot Frontage”). Based on the total Phase Lineal Foot Frontage and the Lineal Foot Factor for each street (as defined in the Option Agreement) the total Frontage Improvement In- Lieu Fee reimbursement (as defined in the Option Agreement) is $ ($ for 00xx Xxxxxx Xxxxx and $ for Xxxxx 000xx Xxxxxx). The Port agrees to finance the Frontage Improvement In-Lieu Fee reimbursement at an eight percent (8%) annual percentage rate over a seven (7) year term, fully amortized over the term in accordance with the repayment schedule attached hereto as Exhibit C and incorporated herein. The first payment will be due thirty (30) days after the Commencement Date or on the first day of the following month, whichever is later, then each payment thereafter will be due and payable on the first day of each month until fully paid. Each payment will be applied first to interest and then to principal. Payment of all principal and interest due and unpaid will be due in full if this Agreement is terminated prior to the end of the 7-year term. Tenant shall have the right to pre- pay all or part of the financed Frontage Improvement In-Lieu Fee without penalty.
Sample 1

Related to Pre-Paid Frontage Improvement In-Lieu Fee Reimbursement

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Reimbursable Expenses; Maximum Total Payment; Invoicing District will make no payment until this Contract is fully executed by the authorized representatives of both parties.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Personal Property Reimbursement Employees shall, in proper cases, be reimbursed for the repair or replacement of personal property damaged in the line of duty without fault of the employee. The amount of reimbursement for articles of clothing shall be the depreciated value based on the age and condition of the article. Reimbursement for a watch shall be limited to the functional value of the watch.

  • Course Reimbursement 15.9.1 Prior approval by the Department of Accountability & Staff and School Renewal is required.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2020-21, and as estimated costs for fiscal year 2022-23 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2022, for further allocation to federal grants and contracts performed by the respective county departments.

  • Medical/Dental Expense Account The Employer agrees to allow insurance eligible employees to participate in a medical and dental expense reimbursement program to cover co- payments, deductibles and other medical and dental expenses or expenses for services not covered by health or dental insurance on a pre-tax basis as permitted by law or regulation, up to the maximum amount of salary reduction contributions allowed per calendar year under Section 125 of the Internal Revenue Code or other applicable federal law.

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