Project Financial Commitments Clause Samples
The 'Project Financial Commitments' clause defines the obligations of parties to provide or secure funding necessary for the execution of a project. It typically outlines the specific amounts, timing, and conditions under which funds must be contributed or made available, and may address procedures for additional funding if costs exceed initial estimates. This clause ensures that all parties are clear on their financial responsibilities, thereby reducing the risk of project delays or disputes due to insufficient funding.
Project Financial Commitments. The Business shall have submitted a letter from the funding sources identified in Exhibit C committing to the specified financial involvement in the Project and received the IDED’s approval of the letters of commitment. Each letter shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules.
Project Financial Commitments. The Business and Community shall have submitted a letter from each of the following committing to the specified financial involvement in the Project and received the Department's approval of the letters of commitment including rate and terms: Source Type Amount ------ ---- ------ City of Coralville Grant/leasehold improvements $70,000 Urosurge Equity $7,012,000 Each letter shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules.
Project Financial Commitments. The Business shall have submitted documentation acceptable to IDED from the funding sources identified in Exhibit C committing to the specified financial involvement in the Project and received the IDED’s approval of the documentation. The documentation shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules.
Project Financial Commitments. The Business and Community shall have submitted a letter from each of the following committing to the specified financial involvement in the Project and received the Department's approval of the letters of commitment including rate and terms: ================================================================== SOURCE FORM AMOUNT ------------------- --------------------- ------------------------ Algona EDC Loan/FL $143,316 ------------------- --------------------- ------------------------ City of Algona Loan $200,000 ------------------- --------------------- ------------------------ Investors Convertible Loan $650,000 ------------------- --------------------- ------------------------ Owners Cash $150,000 ------------------- --------------------- ------------------------ ================================================================== Each letter shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules.
Project Financial Commitments. The Recipient shall have submitted documentation acceptable to IEDA from the funding sources identified in Exhibit A committing to the specified financial involvement in the Project and received the IEDA's approval of the documentation. The documentation shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules and may include agreements and resolutions to that effect.
Project Financial Commitments. The Business and Community shall have submitted a letter from each of the following committing to the specified financial involvement in the Project and received the Department's approval of the letters of commitment including rate and terms: -------------------------------------------------------------------------------- SOURCE TYPE AMOUNT -------------------------------------------------------------------------------- City of Jefferson Building Lease 750,000 -------------------------------------------------------------------------------- Bank Loans Loan 5,450,000 -------------------------------------------------------------------------------- Seller Loan Loan 3,750,000 -------------------------------------------------------------------------------- Top Air Manufacturing, Inc. Seller's Liability 550,000 -------------------------------------------------------------------------------- Each letter shall include the amount, terms and conditions of the financial commitment, as well as any applicable schedules.