School Bus Financing Contracts Sample Clauses

School Bus Financing Contracts. The New Xxxxxxxx XXX agrees to assume and be solely liable for and at its own expense to pay any amounts due after the Effective Date under any lease purchase agreements or other financing arrangements on the buses listed in Exhibit D that RSU 2 has agreed to transfer to the New Xxxxxxxx XXX, and RSU 2 agrees to assume and be solely liable for and at its own expense to pay any amounts due after the Effective Date under any lease purchase agreements or other financing arrangements on the buses not transferred to the New Xxxxxxxx XXX. Each party shall comply with the terms and conditions of its respective leases and shall not exercise any right of non- appropriation without the consent of the other party. As of the date of this Agreement, the school bus lease obligations of RSU 2 are as follows: Lease Maturity Date Outstanding Principal Balance (as of 6/30/22) Lease #40138777 (Richmond School Bus) 09/15/21 $0 Lease #5320000028 (Monmouth Academy School Bus) 01/07/24 $36,181.70 Lease #ME1966-01 (Monmouth School Bus) 11/15/22 $17,274.05 Lease for Monmouth School Bus Fall 2024 $54,272.55 Lease for Monmouth School Bus Fall 2025 $72,363.40 Pursuant to 20-A M.R.S. § 1466(16)(A), whenever a municipality withdraws from a regional school unit having outstanding indebtedness, the regional school unit remains intact for the purpose of securing and retiring the indebtedness, including lease purchase agreements, provided that the withdrawal agreement may provide for alternate means for retiring outstanding indebtedness. In accordance with 20- A M.R.S. § 1466(16)(A), as an alternate means of retiring the lease purchase agreements listed above, RSU 2, exclusive of Richmond, hereby agrees to pay such indebtedness, with no contribution or participation by Richmond or the New Xxxxxxxx XXX.
Sample 1
AutoNDA by SimpleDocs
School Bus Financing Contracts. The New Wiscasset SAU agrees to assume and be solely liable for and at its own expense to pay any amounts due after the Effective Date under any lease purchase agreements or other financing arrangements on the buses listed in Exhibit I that RSU 12 has agreed to turn over to the New Wiscasset SAU. To the extent such existing lease purchase agreements or other financing arrangements also cover buses retained by RSU 12, each party shall comply with the terms and conditions of the same and shall not exercise any right of non-appropriation without the consent of RSU 12, and the New Wiscasset SAU shall promptly pay invoices of RSU 12 for an equitable pro rata share of each payment obligation.
Sample 1
School Bus Financing Contracts. The New Xxxxxxxx XXX agrees to assume and be solely liable for and at its own expense to pay any amounts due after the Effective Date under any lease purchase agreements or other financing arrangements on the buses listed in Exhibit D that RSU 2 has agreed to transfer to the New Xxxxxxxx XXX, and RSU 2 agrees to assume and be solely liable for and at its own expense to pay any amounts due after the Effective Date under any lease purchase agreements or other financing arrangements on the buses not transferred to the New Xxxxxxxx XXX. Each party shall comply with the terms and conditions of its respective leases and shall not exercise any right of non- appropriation without the consent of the other party. As of the date of this Agreement, the school bus lease obligations of RSU 2 are as follows: Lease Maturity Date Outstanding Principal Balance (as of 6/30/21) Lease #40138777 (Monmouth Academy School Bus) 09/15/21 $67,257.56 Lease #??? (Monmouth Academy School Bus) 01/07/24 $72,363.40 Lease #40132129 (Richmond School Bus) 09/15/20 $0 Lease #ME1966-01 (Richmond School Bus) 11/15/22 $51,822.15
Sample 1

Related to School Bus Financing Contracts

  • Existing Contracts Billing terms and provisions contained in existing contracting entity agreements (existing as of the date this policy is approved by the Board of Supervisors) shall remain in effect for the life of the contract. However, when these existing contracts are renegotiated, they shall contain the billing provisions as set forth in this policy.

  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"):

  • Banking Arrangements The banking business of the Corporation including, without limitation, the borrowing of money and the giving of security therefor, shall be transacted with such banks, trust companies or other bodies corporate or organizations as may from time to time be authorized by the board. Such banking business or any part thereof shall be transacted under such agreements, instructions and delegations of powers as the board may from time to time prescribe or authorize.

  • SUB-CONTRACTS (a) The Servicer may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement, provided that (but subject to Section 3.2(b)):

  • Continuing Contracts a. A continuing contract is a contract which shall remain in effect until the teacher resigns, elects to retire, or until it is terminated or suspended; and shall be granted only to teachers qualified, as described below, holding Professional, Permanent or Life Certificates or a Professional Educator License. The certificates must be in the field being taught. Holders of a Professional Educator License must also meet either of the following:

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • SPECIAL AGREEMENTS The following special arrangements have been made: City, Date City, Date Seller's signature Buyer's signature

  • Monitoring Arrangements 8.1 We will formally monitor the progress of the access agreement at least once a year through the Executive Group who report biannually to the Steering Group. Initial monitoring will be concerned with participation rates and the development of data on lower income and other under-represented groups, against which to monitor. When specific baselines, targets, and milestones are determined we will look to monitor against these.

  • Client Agreements Supplier will have a direct contract with, or provide its standard Product or Service terms directly to, Client, which will be enforceable solely between Client and Supplier, for all terms related to Client’s receipt and use of Products and Services (each a “Client Agreement”), other than the payment, risk of loss, and delivery terms that are contracted directly with Accenture.

Time is Money Join Law Insider Premium to draft better contracts faster.