PROGRAM GRANT. 5.01 Subject to Alley Cats complying with his duties and obligations under this Agreement, the City agrees that, subject to the terms and conditions contained herein, Alley Cats shall be entitled to receive Grant Payments and benefits according to the schedule set forth in this Article.
5.02 The maximum Grant Payments cumulatively available to Alley Cats over the term of this Agreement shall not exceed Seven Hundred Fifty Thousand Dollars ($750,000.00).
5.03 The City shall make Grant Payments to Alley Cats in annual installments equal to one hundred percent (100%) of Available Sales Taxes received by the City for the prior calendar year of the Family Entertainment Center’s operation.
5.04 The Grants Payments shall cease upon the earlier of:
(A) The date upon which the Grant Payment is paid for the final twelve (12) month period ending five years following the date Alley Cats receives a Certificate of Occupancy on the Property; or
(B) The date upon which the Grant Payment Cap has been reached.
5.05 For each calendar year in which a grant payment is requested, Alley Cats agrees to provide a release to the City that will allow the Texas Comptroller of Public Accounts (the “Comptroller”) to release information to the City that documents the amount of Available Sales Taxes collected by the Comptroller for the City from the Restaurant (the “Sales Tax Disclosure”). The City and Alley Cats shall rely on the Sales Tax Disclosure as accurate and definitive for purposes of this Agreement. City shall not be required to pay Alley Cats the Grant Payments under this Article until such time that Alley Cats provides the required release and the Comptroller provides the Sales Tax Disclosure.
5.06 Following receipt of the Sales Tax Disclosure and the receipt of Available Sales Taxes by City, City shall pay Alley Cats the annual installment of Grant Payments due hereunder, subject to the terms and provisions of this Agreement, within 60 days. Both parties acknowledge that as of the Effective Date of this Agreement, the Sales Tax Disclosure and disbursement of Available Sales Taxes for the prior calendar year to City by Comptroller is expected to occur no sooner than March 1 of each calendar year.
PROGRAM GRANT. Subject to the obligation of Applicant to repay the Grants pursuant to Section 2.2 herein, and the continued satisfaction of all the terms and conditions of this Agreement during the term hereof, City agrees to provide Applicant with a one-time lump sum program Grant in an amount not to exceed one thousand dollars ($1,000.00). The City may provide an additional one thousand dollars ($1,000.00) to Applicant upon a qualifying five hundred-dollar ($500.00) charitable donation by Applicant to a local non-profit.
PROGRAM GRANT. Grantor has obtained a grant for the resettlement of current and certain formerly displaced residents of Isle de Xxxx Xxxxxxx, in Xxxxxxxxxx Parish, Louisiana (“IDJC”) due to rising sea levels and frequent flood events (“Grant”). The Grant was given to provide current and certain formerly displaced IDJC residents and their families (“IDJC Residents”) options for resettling to a location that is safer and suitable to their cultural values and economic wellbeing. Under the Grant, Grantor will provide IDJC Residents (i) with a new home in the newly developed IDJC Community (“Option A”); OR (ii) funds for Grantee to buy a new home outside of the IDJC Community (“Option D”). The terms and conditions of the program options are defined in the Agreement.
PROGRAM GRANT. Provided Stewardship is in full compliance with the terms of this Agreement, City will pay Stewardship a Program Grant not to exceed One Hundred Fifty Thousand Dollars ($150,000.00) in accordance with this section. After providing evidence of the completion and costs expended by Stewardship for any of the projects identified on the Xxxxxxxxx Xxxx Property Plan (except the electric meters and central HVAC identified in Section IV(A)(1)(l)), Stewardship shall be eligible for a reimbursement of up to One Hundred Thousand Dollars ($100,000.00). Payment of the remaining Fifty Thousand Dollars ($50,000.00) shall be made after Stewardship receives a Green Tag for all of the required Improvements.
PROGRAM GRANT. Subject to Fenway’ s satisfaction of and compliance with all of the terms and conditions of this Agreement including without limitation the requirements set forth in Section 4 below, the City agrees, to pay to Fenway a Program Grant in the maximum amount of six million, five hundred thousand and dollars ($6,500,000.00) (the “Program Grant”) to reimburse Fenway for construction of the public infrastructure for the Project defined as potable water main lines, sanitary sewer main lines, stormwater main lines, public streets, public sidewalks, public parks, and all associated appurtenances, all as identified in Exhibit A attached hereto and incorporated herein (the “Public Infrastructure”) and provide certain fee waivers, as follows:
(a) A maximum of $4,250,000.00 will be given to reimburse Fenway for the construction of Public Infrastructure items identified in Exhibit A as to be funded from the City’s General Fund; and
(b) A maximum of $1,000,000.00 will be given to reimburse Fenway for the construction of Public Infrastructure identified in Exhibit A as qualifying for funding from the City’s Stormwater Fund; and
(c) A maximum of $1,000,000.00 will be given to reimburse Fenway for the construction of Public Infrastructure identified in Exhibit A as qualifying for funding from the City’s Utility Fund and; and
(d) A maximum of $250,000.00 will be given in the nature of permit and development fee waivers. It is understood and agreed by the Parties that the line item cost amounts shown in Exhibit A are estimates only and the actual line item amounts may be adjusted up or down within each funding category of Public Infrastructure improvements. However, the maximum Grant payment for each funding category of Public Infrastructure, as listed above, and funds not spent in any funding category are NOT transferrable to reimburse Fenway for expenses in another funding category. The Grant payments made hereunder shall be paid solely from lawfully available funds that have been appropriated by the City. Under no circumstances shall the City’s obligations hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision. Consequently, notwithstanding any other provision of this Agreement, the City shall have no obligation or liability to pay any Grant unless the City appropriates funds to make such payment during the budget year in which the Grant is payable; provided that during the Term of this Agreement the City agrees that it will t...
PROGRAM GRANT. Subject to the terms of this Agreement, Recombinant hereby grants to LICENSEE (including its Affiliates) a non-exclusive, non-transferable (except as provided in Section 7 below), worldwide, license to: (a) install, execute and display the PROGRAM solely for use with tranSMART, (b) download, install and implement the MODIFIED PROGRAM, (c) create BUG FIXES and modify the PROGRAM only for the purpose of making a MODIFIED PROGRAM , and (c) use the PROGRAM solely with tranSMART on behalf of third parties, or allow third parties to use the PROGRAM licensed hereunder solely with xxxxXXXXX, provided that such third party has its own license to use the PROGRAM (hereinafter “MODIFIED PROGRAM RIGHTS”).
PROGRAM GRANT. The Operating Grant shall be utilized solely for the purpose of delivering the program for which it was provided. Shall be paid to the organization on a monthly basis Shall pertain only to the calendar year for which the Grant was approved by the City Shall be used in accordance with the FCSS Act and Regulations. Services provided under a program must not: Provide primarily for the recreational needs or leisure time pursuits of individuals, Offer direct assistance, including money, food, clothing or shelter to sustain an individual or family, or Be primarily rehabilitative in nature; as well: Expenditures of a program may not include: The construction or renovating of a building, The purchase of motor vehicles, Any costs required to sustain an organization that do not relate to direct service delivery under the program, Municipal property taxes and levies, or Any payment to a member of a board or committee referred to in section 3(b) or (j), other than reimbursement for expenses referred to in section 3(l) of the Provincial Regulation 218/94. If the programs financial information discloses an annual surplus in the fiscal year respecting which the City has rendered a Grant, the Operator shall, within 90 days of the City’s demand, repay part or all of the Grant funds for that fiscal year as the City reasonably requires The Organization shall, prior to making changes in revenue or expenditures of the amounts shown in the budget contained in the approved budget, obtain the consent of the FCSS Director
PROGRAM GRANT. Within thirty (30) days of receipt of City Sales Tax Collections from the State of Texas for the month detailed in Power's report, the City shall pay the Program Grant. During the term of the Lease, the Program Grant shall be paid to Georgetown 4B up to the amount of rent due for the month following the month in which payment is made, and shall constitute a credit against any rent owed by Power under the Lease for the month following the month of receipt. Any excess amount, and any payments made after the expiration of the Lease, shall be made to Power or as directed in writing by Power.
PROGRAM GRANT. If Grantee is the responsible entity for an active XXXX xxxxx and Grantee uses its Housing Program Income to assist a CHIP-funded activity, the environmental procedures associated with the XXXX xxxxx shall fulfill the environmental requirements for the Housing Program Income. Grantee does not submit separate Request for Release of Funds and/or Certification documentation to Grantor for the Housing Program Income, and Grantor does not issue a Project Specific Release of Funds Respecting Environmental Grant Conditions for the Housing Program Income.
PROGRAM GRANT. 5.01 Subject to Developer complying with its duties and obligations under this Agreement, the City agrees that, subject to the terms and conditions contained herein, Developer shall be entitled to receive Grant Payments and benefits according to the terms set forth in this Article.
5.02 The maximum Grant Payments cumulatively available to Developer over the term of this Agreement shall not exceed TWO MILLION DOLLARS ($2,000,000.00).
5.03 The City shall make Grant Payments to Developer in annual installments equal to one hundred percent (100%) of Available Sales Taxes received by the City for the prior calendar year of the Store’s operation.
5.04 The Grant Payments shall cease upon the earlier of:
(A) The date upon which the Grant Payment is paid for the final twelve (12) month period that ended twelve (12) years following the date Developer causes Sprouts to open for business from the Store; or
(B) The date upon which the Grant Payment Cap has been reached.
5.05 For each calendar year in which a grant payment is requested, Xxxxxxxxx agrees to use commercially reasonable efforts to cause Sprouts to provide a release to the City that will allow the Texas Comptroller of Public Accounts (the “Comptroller”) to release information to the City that documents the amount of Available Sales Taxes collected by the Comptroller for the City from the Store (the “Sales Tax Disclosure”). The City and Developer shall rely on the Sales Tax Disclosure as accurate and definitive for purposes of this Agreement. Following the City’s receipt of the release from Sprouts, the City shall use prompt and diligent good faith efforts to secure the Sales Tax Disclosure from the Comptroller but the City shall not be required to pay Developer the Grant Payments under this Article until such time that Sprouts provides the required release and the Comptroller provides the Sales Tax Disclosure.
5.06 Following receipt of the Sales Tax Disclosure and the receipt of Available Sales Taxes by City, City shall pay Developer the annual installment of Grant Payments due hereunder, subject to the terms and provisions of this Agreement, within sixty (60) days. Both parties acknowledge that as of the Effective Date of this Agreement, the Sales Tax Disclosure and disbursement of Available Sales Taxes for the prior calendar year to City by Comptroller is expected to occur no sooner than March 1 of each calendar year.
