STATEMENT OF TERMS. In consideration of the mutual promises herein, it is agreed as follows:
STATEMENT OF TERMS. The parties hereby agree as follows:
STATEMENT OF TERMS. The parties conclusively agree that they have received good and valuable consideration for making the following agreements:
STATEMENT OF TERMS. A. As part of the development of the Real Estate, road impact fees are required to be paid to the City by the Property Owner. In accordance with City Ordinance 12- 13, the City assessed a road impact fee of $153,193 on August 30, 2019, attached hereto as Exhibit B (19-RIFA-05) (the “Assessed Road Impact Fee”), as part of the Property Owner’s filed ILP for the Real Estate.
STATEMENT OF TERMS. In consideration of the covenants and undertakings and the releases contained in this Agreement, and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Employee and the Company agree as follows:
STATEMENT OF TERMS. 1. The undersigned consents to and acquiesces in the Debtor's grant of a security interest in the Personal Property in favor of the Lender.
STATEMENT OF TERMS. 1. The Agreement is hereby amended as follows: The City and the Construction Manager will work to develop “early release” packages of work to be performed prior to the establishment of the Guaranteed Maximum Price. These early release packages will allow construction activities to begin prior to final development of construction drawings and will expedite certain phases of the construction project. It is anticipated that the following activities will occur prior to the establishment of the Guaranteed Maximum Price:
STATEMENT OF TERMS. A. As part of the development of the Real Estate, road impact fees are required to be paid to the City by the Property Owner. In accordance with City Ordinance 12-13, the City assessed a road impact fee of $371,508.00 on September 17, 2018, attached hereto as Exhibit B (18-RIFA-09) (the “Assessed Road Impact Fee”), as part of the Property Owner’s filed ILP for the Real Estate. On September 26, 2018, the Westfield Board of Public Works approved an agreement which assigns $150,000 of the Assessed Road Impact Fee to third party, Edgerock Development, LLC (see Exhibit C). Therefore, the remaining balance of $221,508.00 shall be paid by the Property Owner.
STATEMENT OF TERMS. 1. Lender has agreed to extend certain financing arrangements to Borrower, and, in consideration for credit extended to it by Lender, Borrower hereby notifies the Depository Bank, and the Depository Bank acknowledges, that Borrower has pledged to Lender its accounts receivable due from its customers and has granted Lender a security interest in the lockbox contents and items deposited in the Account.
STATEMENT OF TERMS. (a) (i) Lender will, subject to the terms and conditions of this Agreement, up to and including the Termination Date, make Advances to or for the account of Borrower up to Two Million Dollars ($2,000,000) plus interest and Related Expenses. The Borrower may not repay and reborrow such maximum amount of credit. The Lender shall debit to the Loan Account the amount of each Advance made under this Agreement and all interest, other compensation, or other fees payable on all Advances and shall credit to the Loan Account each payment of (a) principal and interest on account of each Advance and (b) other amounts payable under this Agreement by the appropriate entries. The Loan Account shall constitute prima facie evidence of all Advances made by Lender pursuant to this Agreement. In the event of any discrepancy between the records of Lender and Borrower with regard to the Loan Account, the records of Lender shall prevail unless the Borrower notifies Lender of an error within thirty (30) business days after having discovered any such error or unless Borrower and Lender mutually agree with regard to an appropriate change in such records. The Lender's Advances pursuant to this Section 2(a) shall be evidenced by a properly executed master promissory note in the form of Exhibit A ("Master Promissory Note") with all blanks appropriately filled in.
