Public purpose of the Development Contributions Sample Clauses

Public purpose of the Development Contributions. (a) Each Development Contribution must be used for or applied towards the relevant public purpose set out in Column 3 of the Table. (b) Despite clause 4.2(a), the Council may apply a Development Contribution made under this Agreement towards a public purpose other than the relevant public purpose set out in Column 3 of the Table if: (i) at least five years has elapsed since the Defect Liability Period for the relevant Development Contribution ended; and (ii) the Council reasonably considers that the public interest would be better served by applying the Development Contribution towards that other purpose. (c) This clause 4.2 has effect after the termination of this Agreement.
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Public purpose of the Development Contributions. The Parties agree that the Development Contribution is for the public purpose set out in Column 3 of the Table.
Sample 1
Public purpose of the Development Contributions. (a) Each Development Contribution must be used for or applied towards the relevant public purpose set out in Column 2 and Column 4 of the Table. (b) This clause 4.2 has effect after the termination of this Agreement.
Sample 1

Related to Public purpose of the Development Contributions

  • File Management and Record Retention relating to CRF Eligible Persons or Households Grantee must maintain a separate file for every applicant, Eligible Person, or Household, regardless of whether the request was approved or denied. a. Contents of File: Each file must contain sufficient and legible documentation. Documents must be secured within the file and must be organized systematically.

  • Contribution Rights In order to provide for just and equitable contribution under the Act in any case in which: (i) any person entitled to indemnification under this Section 5 makes a claim for indemnification pursuant hereto but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 5 provides for indemnification in such case; or (ii) contribution under the Act, the Exchange Act or otherwise may be required on the part of any such person in circumstances for which indemnification is provided under this Section 5, then, and in each such case, the Company and the Underwriters shall contribute to the aggregate losses, liabilities, claims, damages and expenses of the nature contemplated by said indemnity agreement incurred by the Company and the Underwriters, as incurred, in such proportions that the Underwriters are responsible for that portion represented by the percentage that the underwriting discount appearing on the cover page of the Prospectus bears to the initial offering price appearing thereon and the Company is responsible for the balance; provided, that, no person guilty of a fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. Notwithstanding the provisions of this Section 5.3.1, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Public Securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay in respect of such losses, liabilities, claims, damages and expenses. For purposes of this Section, each director, officer and employee of an Underwriter or the Company, as applicable, and each person, if any, who controls an Underwriter or the Company, as applicable, within the meaning of Section 15 of the Act shall have the same rights to contribution as the Underwriters or the Company, as applicable.

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