Project Finance Plan Sample Clauses

Project Finance Plan. 5.2.1 The Parties acknowledge that the Project Finance Plan will be funded with a combination of Local Matching Funds and federal funds, to the extent that such federal funds are authorized and appropriated. A preliminary Project Finance Plan, based upon the preliminary $584.8 million Project Budget, is summarized in Exhibit D hereto. 5.2.2 The Parties understand that there are possible fluctuations in the Project Finance Plan; and the Parties desire to document below their understanding and agreement with respect to these identifiable fluctuations. a. The Parties understand and agree that the Project Finance Plan is based on the need for interim borrowing. TriMet will take the lead role in obtaining such financing. City shall provide assurances, legal opinions, or enter into appropriate agreements regarding its contribution to the Project under Section 6.1 of this Agreement, which may be reasonably requested by TriMet for the purpose of securing interim borrowing for the Project. b. The Parties will allow all funds in the Project Account and any letters of credit to be pledged as security for interim borrowing to the extent such borrowing is necessary for the Project. c. The Parties understand and agree that Local Matching Funds may be used for Project Costs prior to expenditure of the federal component to reduce or delay the need for, or the amount of, the interim borrowing. d. The Parties also understand and agree that the Project Finance Plan is subject to the possible fluctuation of federal dollars through a lack or delay in federal appropriations or authorizations, which may increase the need for borrowing above that projected in the Finance Plan. The Parties agree to exercise good faith efforts to obtain interim financing for the Project to provide for any such deficiency or delay of federal funding from that shown in the Project Finance Plan. 5.2.3 The TriMet Project Representative shall promptly cause to be prepared an amended Project Finance Plan whenever a material change is approved or identified for the Project Scope, Project Budget, Project Schedule, interim borrowing program, and receipt in timing or amount of federal funds or other significant financing assumption. Such amended Project Finance Plan shall replace the preliminary Project Finance Plan shown in Exhibit D, and shall be incorporated into this Agreement as an amended Exhibit D. 5.2.4 City shall not be obligated to provide any additional grant funding to the Project Account in exce...
Sample 1
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Related to Project Finance Plan

  • Construction Management Plan Contractor shall prepare and furnish to the Owner a thorough and complete plan for the management of the Project from issuance of the Proceed Order through the issuance of the Design Professional's Certificate of Material Completion. Such plan shall include, without limitation, an estimate of the manpower requirements for each trade and the anticipated availability of such manpower, a schedule prepared using the critical path method that will amplify and support the schedule required in Article 2.1.5 below, and the Submittal Schedule as required in Article 2.2.3. The Contractor shall include in his plan the names and resumés of the Project Superintendent, Project Manager and the person in charge of Safety.

  • Management Plan The Management Plan is the description and definition of the phasing, sequencing and timing of the major Individual Project activities for design, construction procurement, construction and occupancy as described in the IPPA.

  • Project Management Plan 3.2.1 Developer is responsible for all quality assurance and quality control activities necessary to manage the Work, including the Utility Adjustment Work. Developer shall undertake all aspects of quality assurance and quality control for the Project and Work in accordance with the approved Project Management Plan, Good Industry Practice and applicable Law. 3.2.2 Developer shall develop the Project Management Plan and its component parts, plans and other documentation in accordance with the requirements set forth in Section 1.5.2.5

  • Maintenance Plan Maintenance plan for the Project Facility for the next quarter and a report on maintenance carried out during the previous quarter (including any material deviation from expected maintenance activities as set out in the maintenance plan).

  • Group Life Insurance Plan Eligibility

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Compliance Plan (1) This paragraph (h) applies to any portion of the contract that— (i) Is for supplies, other than commercially available off-the-shelf items, acquired outside the United States, or services to be performed outside the United States; and (ii) Has an estimated value that exceeds $500,000. (2) The Contractor shall maintain a compliance plan during the performance of the contract that is appropriate— (i) To the size and complexity of the contract; and (ii) To the nature and scope of the activities to be performed for the Government, including the number of non- United States citizens expected to be employed and the risk that the contract or subcontract will involve services or supplies susceptible to trafficking in persons.

  • Emergency Mode Operation Plan Contractor must establish a documented plan to enable continuation of critical business processes and protection of the security of electronic County PHI or PI in the event of an emergency. Emergency means any circumstance or situation that causes normal computer operations to become unavailable for use in performing the work required under this Agreement for more than twenty-four (24) hours.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Flexible Working Arrangements In accordance with the Employment Relations Act 2000, an employee affected by family violence may request a short-term (two months or less) variation of their employment arrangements to assist the employee to deal with the effects of family violence.

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