Common use of Subsidy Clause in Contracts

Subsidy. The City has previously operated LaCroix Links at an economic loss. In consideration thereof, the City agrees to pay YMCA forty thousand dollars ($40,000.00) in the year 2004 to aid in the operation of the golf course. In addition, the City agrees to pay YMCA thirty thousand dollars ($30,000.00) in the year 2005 and thirty thousand dollars ($30,000.00) in the year 2006. Thereafter, YMCA shall receive no subsidy from the City. The City shall make monthly payments to YMCA of 1/6 of the total amount due for the year during the months of April, May, June, July, August and September. Such payments shall be made by the 15th of each of these months.

Subsidy. The City has previously operated LaCroix Lacriox Links at an economic loss. In consideration thereof, the City agrees to pay YMCA forty thirty-thousand dollars ($40,000.0030,000.00) in the year 2004 to aid in the operation of the golf course. In addition, the City agrees to pay YMCA thirty twenty-five thousand dollars ($30,000.0025,000.00) in the year 2005 and thirty twenty thousand dollars ($30,000.0020,000.00) in the year 2006. Thereafter, YMCA shall receive no subsidy from the City. The City shall make monthly payments to YMCA of 1/6 of the total amount due for the year during the months of April, May, June, July, August and September. Such payments shall be made by the 15th of each of these months.

Subsidy. The City has previously operated LaCroix Lacriox Links at an economic loss. In consideration thereof, the City agrees to pay YMCA forty thousand dollars ($40,000.00) in the year 2004 to aid in the operation of the golf course. In addition, the City agrees to pay YMCA thirty thousand dollars ($30,000.00) in the year 2005 and thirty thousand dollars ($30,000.00) in the year 2006. Thereafter, YMCA shall receive no subsidy from the City. The City shall make monthly payments to YMCA of 1/6 of the total amount due for the year during the months of April, May, June, July, August and September. Such payments shall be made by the 15th of each of these months.