PRF’s Lending Commitments Sample Clauses

PRF’s Lending Commitments. The Parties recognize that, given the recent establishment of TIF 2, the Dedicated TIF 2 Revenue will require time to accumulate. In order to provide a source of cash flow in the interim, PRF hereby commits the TIF Support Facility to serve as a form of bridge funding for the Project. PRF shall, as soon as practicable following the date hereof (but in no event later than the release of the final Definitive RFP), and subject to the execution and delivery of one or morea reasonable and appropriate credit agreements and other line of credit documentation, make the TIF Support Facility available to the Joint Board in an aggregate principal amount not to exceed Sixty- Two Million Seven Hundred Thousand Dollars ($620,7000,000) on a non- revolving basis over the Project Term, subject to increase, upon the mutual agreement of PRF, the RDC, and the Joint Board, to modify the credit agreement as described in Section 2.3.
Sample 1
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PRF’s Lending Commitments. The Parties recognize that, given the recent establishment of TIF 2, the Dedicated TIF 2 Revenue will require time to accumulate. In order to provide a source of cash flow in the interim, PRF hereby commits the TIF Support Facility to serve as a form of bridge funding for the Project. PRF shall, as soon as practicable following the date hereof (but in no event later than the release of the final RFP), and subject to the execution and delivery of a reasonable and appropriate credit agreement and other line of credit documentation, make the TIF Support Facility available to the Joint Board in an aggregate principal amount not to exceed Sixty Million ($60,000,000) over the Project Term, subject to increase, upon the mutual agreement of PRF and the Joint Board, to modify the Affordability Cap as described in Section 2.3.
Sample 1

Related to PRF’s Lending Commitments

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • Financial Commitment 4.1. The cost associated with the representative season (refer representative season handbook) MUST be paid with the signing of this agreement.

  • Specific Commitments Investments in respect of a particular undertaking of one of the Contracting Parties with respect to nationals and companies of the other Contracting Party shall be governed, without prejudice to the provisions of this Agreement, the terms of that commitment to the extent that it is more favourable provisions than those laid down in this Agreement.

  • MUTUAL COMMITMENTS ‌ 18 The parties to this Contract are mutually committed to the development of an efficient, cost 19 effective, integrated, person-centered, age specific recovery and resilience model approach to 20 the delivery of quality community behavioral health services. To that end, the parties are 21 mutually committed to maximizing the availability of resources to provide needed behavioral 22 health services in the Service Area, maximizing the portion of those resources used for the 23 provision of direct services and minimizing duplication of effort.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Other Commitments (1) If provisions in the legislation of either Contracting Party or rules of international law entitle investments by investors of the other Contracting Party to treatment more favourable than is provided for by this Agreement, such provisions shall to the extent that they are more favourable prevail over this Agreement.

  • Employer Commitments It is agreed that the institution will make every reasonable attempt to minimize the impact of funding shortfalls and reductions on the work force. It is incumbent upon institutions to communicate effectively with their employees and the unions representing those employees as soon as the impact of any funding reduction or shortfall or profile change has been assessed. If a work force reduction is necessary, the Joint Labour Management Committee will canvas employees in a targeted area or other areas over a fourteen (14) day period, or such longer time as the Joint Labour Management Committee agrees, to find volunteer solutions that provide as many viable options as possible and minimize potential layoffs. Subject to any agreement that the Joint Labour Management Committee may make to extend the period of a canvass, such canvasses shall take place either: • prior to the issuance of lay-off notice to employees under the local agreement, or • by no later than fourteen (14) calendar days following the annual deadline for notice of non-renewal or layoff where a local provision provides for such a deadline, whichever date is later. The union shall be provided with a copy of each final plan for employee labour adjustment.

  • Review of Commitments The Parties shall enter into successive rounds of negotiations, beginning not later than three years from the date of entry into force of this Agreement, and periodically thereafter as determined by the FTA Joint Committee, with a view to further improving specific commitments under this Chapter so as to progressively liberalise trade in services among the Parties.

  • No Commitment None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

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