Common use of REFUND OF INCOME Clause in Contracts

REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.

Appears in 15 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

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REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales sales, and any program income.

Appears in 4 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

REFUND OF INCOME. All income earned by the a project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, quarterly or used to offset project cost unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

REFUND OF INCOME. All income earned by the project as a result of entitlement AHF funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales sales, and any program income.

Appears in 1 contract

Samples: Funding Agreement

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REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income. Any repayments remitted by the Project Owner/Borrower are considered to be program income.

Appears in 1 contract

Samples: Funding Agreement

REFUND OF INCOME. All income earned by the project as a result of entitlement funds (funds, defined as program income) , shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.B.

Appears in 1 contract

Samples: Regulatory Agreement

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