Proportionate Interest in Projects Sample Clauses

Proportionate Interest in Projects. During any tender period for Contracts either Participant may bring to the Joint Venture a tender for the Contract in which case the Management Committee shall consider the participation of the Joint Venture in the Contract, the percentage interest of each Participant in the Contract, and the terms upon which the tender will be made and the Contract, if awarded, will be performed. The following shall apply, unless otherwise agreed to by the Management Committee at the time of tender: (a) Contracts of a tender value of less than $10,000,000.00 shall be executed and performed by the Participants in accordance with the terms of this Joint Venture Agreement, according to the interest determined by the Management Committee at the time of tender; and (b) Contracts of a tender value greater than $10,000,000.00 and less than $100,000,000.00 and having an expected duration of less than 2 years shall: (i) where the Contract requires a parent guarantee or performance bond, be subcontracted to NACG or an affiliate designated by it on terms identical to the Contract and the entire Contract shall be performed pursuant to the terms of that subcontract, with payment to Fort MxXxx Construction Ltd. of a fee to be agreed by the Management Committee at the time of tender; or (ii) where the Contract does not require a parent guarantee or performance bond, be executed and performed by the Participants in accordance with the terms of this Joint Venture Agreement, according to the interest determined by the Management Committee at the time of tender; and (c) Contracts for long term maintenance projects negotiated by the Joint Venture with owning companies shall be performed equally, or in such proportions as mutually agreed, by the Participants. Any equipment required to be purchased or leased in order to fulfil such a Contract is to be purchased or leased by the individual Participants and contributed and dedicated to the Joint Venture; (d) All other Contracts shall be tendered, executed and performed on the terms to be agreed by the Management Committee at the time of tender, with the percentage and terms of participation of each Participant to be determined by the Management Committee at the time of tender; and (e) All Contracts for Projects performed in whole or in part on the existing reserve lands of the Fort MxXxx First Nation (the “First Nation”) or on those lands in the Province of Alberta to be transferred by the Province to Canada to be set apart as one or more reserv...
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Related to Proportionate Interest in Projects

  • State Interest Liabilities 8.6.1 The State shall be liable for interest on Federal funds from the date Federal funds are credited to a State account until the date those funds are paid out for program purposes. 8.6.2 The State shall use the following method to calculate State interest liabilities on Federal funds:

  • Proportionate Amounts Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.

  • Proportionate Share If the Premises are a part of a multiple tenancy complex, the responsibility of the Lessee for costs are determined by taking a percentage of the total cost of the expenses based upon the rentable floor space in said complex occupied by the Lessee. It is agreed that the Premises is [%] ("Proportionate Share") of the total floor space in the building. The Lessor may, with notice to the Lessee, elect to perform and provide certain maintenance and services pertaining to the entire building or area of which the Premises are a part, including, but not limited to, landscaping, trash removal, lawn maintenance, common area lighting, watering, paving maintenance, and snow removal. In such event, the Lessee shall reimburse the Lessor for its Proportionate Share of such maintenance services. Within ninety (90) days following the end of each year during the Term, the Lessor shall furnish the Lessee with a written statement covering the lease year just expired (measured from the Commencement Date), showing in reasonable detail a general breakdown of the total operating costs, the amount of the Lessee's obligation relating thereto, and the total payments made by the Lessee. The Lessee agrees to conduct its business in a lawful and legal manner, and in a way that provides quiet enjoyment to the rest of the Lessees in the complex, including, but not limited to, mitigation and limitation of noise, vibration, odor, trash, or fumes. In the event the Lessor receives complaints from other Lessees in the building or complex and determines, in its sole reasonable judgment, that the Lessee is conducting its operations in a manner so as to be objectionable to other Lessees, the Lessee shall, upon notice from the Lessor, promptly modify its operations to eliminate such objections.

  • CP Costs Seller shall pay CP Costs with respect to the Capital associated with each Purchaser Interest of Company for each day that any Capital in respect of such Purchaser Interest is outstanding. Each Purchaser Interest funded substantially with Pooled Commercial Paper will accrue CP Costs each day on a pro rata basis, based upon the percentage share the Capital in respect of such Purchaser Interest represents in relation to all assets held by Company and funded substantially with Pooled Commercial Paper.

  • Participation in Profits and Losses All profits and losses of the Company will be allocated to the Member.

  • Calculating Interest Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Compensating Interest The Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to the Compensating Interest payable by the Servicer for the related Distribution Date.

  • Property Expenses In the ordinary course of business, Seller has paid all property expenses attributable to the period of time prior to the Effective Time as such property expenses become due, and such property expenses are being paid in a timely manner before the same become delinquent, except such property expenses as are disputed in good faith by Seller in a timely manner and for which Seller shall retain responsibility.

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