Project Costs and Financing Sample Clauses

Project Costs and Financing. The Authority acknowledges that the sole and exclusive source of funding for the Project shall be the proceeds of bond financing by the Authority (the “Project Financing”). In recognition of this fact, the Authority affirmatively commits to expeditiously secure such Project Financing. In order to achieve the lowest possible rates, the Authority agrees to and shall issue fixed rate Bonds for the purposes of funding all costs and expenses for the entire Project, including, but not limited to (i) costs of obtaining all required Governmental Approvals, (ii) all design costs; (iii) all hard costs and soft costs of construction; and (iii) costs of issuance of the Bonds (collectively, “Project Costs”), in an amount not to exceed $ .00 based upon a preliminary budget, Bridging Documents and plans and specifications provided by the Redeveloper. The Bonds will be structured as 30-year tax exempt bonds. The Authority represents and warrants that the County will guaranty payment of the Bonds. The Authority agrees to close on the Bonds within ninety (90) days after the Effective Date. The parties agree that the procedure to allow Redeveloper to access funds monthly in order to pay Project Costs will be in accordance with the Construction Terms Addendum to this Agreement (the “Addendum”).
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Project Costs and Financing. The total cost of the project is estimated at € 8,423,000 of which the EC contribution is € 7,287,000. ASEAN Secretariat will provide financial contributions of an amount of € 1,136,000 . The table below summarises the project budget: Category Breakdown EC ASEAN Secretariat Total Contracting Authority / Paying Authority
Sample 1
Project Costs and Financing. The Redeveloper will, at its sole cost and expense, construct the Project in accordance with the Redevelopment Plan and Governmental Approvals. Redeveloper agrees that all costs associated with acquisition, development and financing of the Project are the sole responsibility of Redeveloper. Redeveloper represents that it either has obtained or will obtain financing for the Project. Upon request, the Redeveloper shall submit to the Borough evidence of financing commitments for construction financing.
Sample 1
Project Costs and Financing 
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Related to Project Costs and Financing

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Cost a. The estimated cost of the Project is $ 97,740.00. This amount is based upon the Schedule of Financial Assistance in Exhibit "B", attached to and incorporated in this Agreement. Exhibit “B” may be modified by mutual execution of an amendment as provided for in paragraph 5.i.

  • Additional Facilities If the CAISO determines that it requires Operational Control over additional transmission lines and associated facilities not then constituting part of the CAISO Controlled Grid in order to fulfill its responsibilities in relation to the CAISO Controlled Grid then the CAISO shall apply to FERC pursuant to Section 203 of the Federal Power Act, and shall make all other regulatory filings necessary to obtain approval for such change of control and shall serve a copy of all such applications on the affected Participating TO and the owner of such lines and facilities (if other than the Participating TO). In the event that a Party invokes the dispute resolution provisions identified in Section 15 with respect to the transfer of Operational Control over a facility, such facility shall not be transferred while the dispute resolution process is pending except pursuant to Section 4.5.2.

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

  • Payment of Project Costs The Grantee agrees that it will provide for payment of its full share of Project costs and that all costs connected with the Project will be paid by the Grantee on a timely basis.

  • Sub-projects 1. The Participating Bank shall make Sub-loans to Beneficiaries and appraise, review, approve, and supervise Sub-projects in accordance with the criteria, conditions and procedures set forth in the Operations Manual, including, inter alia, the following eligibility criteria:

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