Relating to Article VII, Section 14 of the Louisiana Constitution Sample Clauses

Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this agreement it is not the intent of the Parish or the IDB to enter into a gratuitous transfer of public funds because such parties expect that acquisition and redevelopment of the Project will be an "Economic Development Project" within the meaning of La. R.S. 33:9038.34, and that they will each receive something of value in return for the performance of their obligations hereunder, which is: (a) in the case of the Parish, the promotion of economic development in the Parish, the expected creation of jobs and enhancement of the property tax and sales tax base of the Parish; and (b) in the case of the IDB, the promotion of economic development in the District, the expected creation of jobs, and enhancement of the property tax and sales tax base of the Parish. Additionally, the Parish and the IDB will have reciprocal obligations further described herein. The Parish and IDB further find and determine that (a) both the Parish and the IDB have the legal authority to enter into this Agreement, (b) the Project will be an Economic Development Project that creates a public benefit, specifically the expected creation of jobs, and enhancement of the property tax and sales tax base of the Parish proportionate to its cost and (c) there is a reasonable expectation on the part of the Parish and the IDB of receiving at least equivalent value in exchange for the funding of the Parish.
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Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this Agreement it is not the intent of the City and the Parish to enter into a gratuitous transfer of public funds because the parties expect they will each receive something of value in return for the performance of their obligations hereunder. The City and the Parish further find and determine that (a) the City and the Parish have the legal authority to enter into this Agreement; (b) the expenditure of the Parish funds will provide citizens transportation services that create a public benefit and (c) there is a reasonable expectation on the part of the City and the Parish of receiving at least equivalent value in exchange for the transfer of the Parish funds.
Sample 1
Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this Agreement it is not the intent of the Commission and the City to enter into a gratuitous transfer of public funds because the parties expect the use of the funds will promote economic development and provide incentives in the port area within the meaning of La. R.S. 33:9020 et seq., and they will each receive something of value in return for the performance of their obligations hereunder, which is: (a) In the case of the Commission, the promotion of industry, trade, commerce, and economic development opportunities within the port area; and (b) In the case of the City, the promotion of industry, trade, commerce, and economic development opportunities within the port area. Additionally, the Commission and the City will have reciprocal obligations further described herein. The Commission and the City further find and determine that (a) both the Commission and the City have the legal authority to enter into this Agreement; (b) the expenditure of the Commission’s funds will promote and encourage the development of industry, trade and commerce within the port area that creates a public benefit and (c) there is a reasonable expectation on the part of the Commission and the City of receiving at least equivalent value in exchange for the transfer of the Commission’s funds.
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Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this Agreement it is not the intent of the Commission, the City and the Parish to enter into a gratuitous transfer of public funds because the parties expect they will each receive something of value in return for the performance of their obligations hereunder. The Commission, the City and the Parish further find and determine that (a) the Commission, the City and the Parish have the legal authority to enter into this Agreement;
Sample 1
Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this CEA it is not the intent of the City or the IDB to enter into a gratuitous transfer of public funds because such parties expect that the use of the assets of the City and the IDB by the respective parties will be for public purposes, and that they will each receive something of value in return for the performance of their obligations hereunder, which in both cases is the creation of jobs, payroll and other economic development benefits from the Project described above in and around the City, and the enhancement of the property tax and sales tax base of the City. Additionally, the City and the IDB will have reciprocal obligations relating to the satisfaction of the additional requirements set forth herein with respect to the allocation, expenditure and use of the payments provided for herein. The City and the IDB further find and determine that (a) each of them has the legal authority to enter into this CEA, (b) the use of the resources and assets of the City and the IDB in the manner provided for herein is fair, equitable and reasonable, and shall not constitute a gratuitous transfer of public funds, and (c) there is a reasonable expectation on the part of both the City and the IDB of receiving at least equivalent value in exchange for the agreements contained herein.
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Relating to Article VII, Section 14 of the Louisiana Constitution. In entering into this Agreement, it is not the intent of the Governmental Entities to enter into a gratuitous transfer of public funds because the parties expect the use of the funds will determine whether inequities exist in their respective public procurement and contracting practices, specifically relating to minority and women owned businesses; and they will each receive something of value in return for the performance of their obligations hereunder. Additionally, the Governmental Entities will have reciprocal obligations further described herein. The Governmental Entities further find and determine that (a) the Governmental Entities have the legal authority to enter into this Agreement; (b) the expenditure of the Governmental Entities’ funds will finance a disparity study which creates a public benefit and (c) there is a reasonable expectation on the part of the Governmental Entities of receiving at least equivalent value in exchange for the transfer of the Governmental Entities’ funds.
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Related to Relating to Article VII, Section 14 of the Louisiana Constitution

  • Modification to Article VII, Section 4 of the DPA Article VI, Section 4 of the DPA (Annual Notification of Rights.) is amended as follows:

  • Modification to Article V, Section 4 of the DPA Article V, Section 4 of the DPA (Data Breach.) is amended with the following additions: (6) For purposes of defining an unauthorized disclosure or security breach, this definition specifically includes meanings assigned by Texas law, including applicable provisions in the Texas Education Code and Texas Business and Commerce Code.

  • Modification to Article III, Section 2 of the DPA Article III, Section 2 of the DPA (Annual Notification of Rights.) is amended as follows:

  • Modification to Article IV, Section 7 of the DPA Article IV, Section 7 of the DPA (Advertising Limitations) is amended by deleting the stricken text as follows: Provider is prohibited from using, disclosing, or selling Student Data to (a) inform, influence, or enable Targeted Advertising; or (b) develop a profile of a student, family member/guardian or group, for any purpose other than providing the Service to LEA. This section does not prohibit Provider from using Student Data (i) for adaptive learning or customized student learning (including generating personalized learning recommendations); or (ii) to make product recommendations to teachers or LEA employees; or (iii) to notify account holders about new education product updates, features, or services or from otherwise using Student Data as permitted in this DPA and its accompanying exhibits.

  • Amendments to Article I Article I of the Existing Credit Agreement is hereby amended in accordance with Subparts 2.1.1 through 2.1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section in the appropriate alphabetical sequence:

  • Certain Matters Relating to Receivables During any Full Security Period, (a) The Administrative Agent shall have the right after the occurrence and during the continuance of an Event of Default to make test verifications of the Receivables in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Administrative Agent may require in connection with such test verifications. At any time and from time to time, after the occurrence and during the continuance of an Event of Default, upon the Administrative Agent’s request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables. (b) The Administrative Agent hereby authorizes each Grantor to collect such Grantor’s Receivables, and the Administrative Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default. If required by the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default, any payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a Collateral Account maintained under the sole dominion and control of the Administrative Agent, subject to withdrawal by the Administrative Agent for the account of the Lenders only as provided in Section 7.5, and (ii) until so turned over, shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor. Each such deposit of Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. (c) At the Administrative Agent’s request, after the occurrence and during the continuance of an Event of Default, each Grantor shall deliver to the Administrative Agent all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables, including, without limitation, all original orders, invoices and shipping receipts.

  • Amendments Relating to the Limited Guaranty Notwithstanding Sections 11.01 or 12.01: (i) the provisions of this Article XII may be amended, superseded or deleted, (ii) the Limited Guaranty or Subordinate Certificate Loss Obligation may be amended, reduced or canceled, and (iii) any other provision of this Agreement which is related or incidental to the matters described in this Article XII may be amended in any manner; in each case by written instrument executed or consented to by the Company and Residential Funding but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of, the Master Servicer or the Trustee, as applicable; provided that the Company shall also obtain a letter from each nationally recognized credit rating agency that rated the Class B Certificates at the request of the Company to the effect that such amendment, reduction, deletion or cancellation will not lower the rating on the Class B Certificates below the lesser of (a) the then-current rating assigned to the Class B Certificates by such rating agency and (b) the original rating assigned to the Class B Certificates by such rating agency, unless (A) the Holder of 100% of the Class B Certificates is Residential Funding or an Affiliate of Residential Funding, or (B) such amendment, reduction, deletion or cancellation is made in accordance with Section 11.01(e) and, provided further that the Company obtains (subject to the provisions of Section 10.01(f) as if the Company was substituted for the Master Servicer solely for the purposes of such provision), in the case of a material amendment or supersession (but not a reduction, cancellation or deletion of the Limited Guaranty or the Subordinate Certificate Loss Obligation), an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment or supersession will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding. A copy of any such instrument shall be provided to the Trustee and the Master Servicer together with an Opinion of Counsel that such amendment complies with this Section 12.02. EXHIBIT L [FORM OF LIMITED GUARANTY] LIMITED GUARANTY RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC. Mortgage Pass-Through Certificates Series ________ ___________, 20____ [Trustee] Attention: Residential Funding Corporation Series ________ Ladies and Gentlemen:

  • Schedules and Documents Relating to Accounts Borrower shall deliver to Bank transaction reports and schedules of collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit Bank’s Lien and other rights in all of Borrower’s Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein. If requested by Bank, Borrower shall furnish Bank with copies (or, at Bank’s request, originals) of all contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery, for any goods the sale or disposition of which gave rise to such Accounts. In addition, Borrower shall deliver to Bank, on its request, the originals of all instruments, chattel paper, security agreements, guarantees and other documents and property evidencing or securing any Accounts, in the same form as received, with all necessary indorsements, and copies of all credit memos.

  • Amendment to Article I Article I of the Existing Credit Agreement is hereby amended as follows: SECTION 2.1.1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in the appropriate alphabetical order:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

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