Termination of Reimbursement Obligation Sample Clauses

Termination of Reimbursement Obligation. Notwithstanding any other provision contained herein, any accrued interest and outstanding principal due on the Reimbursement Obligation as of the earlier of (i) the date that is thirty (30) years from the date hereof for which the Financing Entity does not have available Pledged Revenues to pay any Reimbursable Costs, (ii) such time as the USOM Cap is reached, or (iii) such time as Pledged Revenues are otherwise no longer available, will be fully discharged and satisfied as of that date notwithstanding such nonpayment. Any such nonpayment shall not constitute an event of default hereunder. If the Reimbursement Obligation has been discharged pursuant to this paragraph, then the Financing Entity’s obligation to reimburse USOM for Eligible Costs shall be deemed satisfied hereunder and USOM shall have no further rights to reimbursement under this Agreement.
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Termination of Reimbursement Obligation. Section 5.6(a)(3) of the Agreement is amended in its entirety to read as follows: It is expressly agreed that the obligation of the City, the Zone, and the Authority to make and approve payments to the Developer from The Northline PUD Fund shall terminate (a) if applications for site plans and/or building permits for not less than a total of 100,000 square feet of commercial and non-residential uses and not less than a total of 200 residential units within The Northline PUD have not been filed on or before the expiration of five (5) years after the Effective Date of this Agreement; or (b) if Certificates of Occupancy for not less than a total of 100,000 square feet of commercial and non-residential uses and not less than a total of 200 residential units within The Northline PUD have not been issued on or before the expiration of six and one-half (61⁄2) years after the Effective Date of this Agreement; or (c) if applications for site plans and/or building permits for not less than 200,000 square feet of commercial and non-residential uses and not less than a total of 400 residential units within The Northline PUD have not been filed on or before the expiration of eight (8) years after the Effective Date of this Agreement; or (d) if Certificates of Occupancy for not less than 200,000 square feet of commercial and non-residential uses and not less than a total of 400 residential units within The Northline PUD have not been issued on or before the expiration of nine and one-half (91⁄2) years after the Effective Date of this Agreement. Non-residential units does not include multi-family units. It is expressly agreed that the obligation of the City, Zone, and the Authority to make and approve payments to the Developer from The Northline PUD Fund to reimburse the costs of the Subsequent Phases Projects shall terminate (a) if applications for site plans and/or building permits for not less than a total of 600,000 square feet of commercial and non-residential uses and not less than a total of 800 residential units within The Northline PUD have not been filed with the City on or before August 27, 2027; or
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Termination of Reimbursement Obligation. Upon the earlier to occur of (i) payment of the Maximum Reimbursement or (ii) the expiration of the term of this Agreement, this Agreement shall terminate and the County shall have no authority to pay a Reimbursement to the Developer.
Sample 1
Termination of Reimbursement Obligation. Notwithstanding any other provision contained herein, any accrued interest and outstanding principal due on the Reimbursement Obligation as of the earlier of (i) the date that is thirty (30) years from the date hereof for which the Financing Entity does not have available Pledged Revenues to pay any Reimbursable Costs, (ii) such time as the Infrastructure Cap is reached, or (iii) such time as Pledged Revenues are otherwise no longer available, will be fully discharged and satisfied as of that date notwithstanding such nonpayment. Any such nonpayment shall not constitute an event of default hereunder. If the Reimbursement Obligation has been discharged pursuant to this paragraph, then the Financing Entity’s obligation to reimburse the City or other Infrastructure Developer for Eligible Costs shall be deemed satisfied hereunder and neither the City nor any Infrastructure Developer shall have any further rights to reimbursement under this Memorandum.
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Related to Termination of Reimbursement Obligation

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Termination Obligations The Supplier shall comply with all of its obligations contained in the Exit Plan. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), the Supplier shall: cease to use the Customer Data; provide the Customer and/or the Replacement Supplier with a complete and uncorrupted version of the Customer Data in electronic form (or such other format as reasonably required by the Customer); erase from any computers, storage devices and storage media that are to be retained by the Supplier after the end of the Termination Assistance Period all Customer Data and promptly certify to the Customer that it has completed such deletion; return to the Customer such of the following as is in the Supplier's possession or control: all materials created by the Supplier under this Legal Services Contract in which the IPRs are owned by the Customer; any equipment which belongs to the Customer; any items that have been on-charged to the Customer, such as consumables; and any sums prepaid by the Customer in respect of Ordered Panel Services not delivered by the Expiry Date; vacate any Customer Premises; remove the Supplier Equipment together with any other materials used by the Supplier to supply the Ordered Panel Services and shall leave the sites in a clean, safe and tidy condition. The Supplier is solely responsible for making good any damage to the sites or any objects contained thereon, other than fair wear and tear, which is caused by the Supplier and/or any Supplier Personnel; provide access during normal working hours to the Customer and/or the Replacement Supplier for up to twelve (12) Months after expiry or termination to: such information relating to the Ordered Panel Services as remains in the possession or control of the Supplier; and such members of the Supplier Personnel as have been involved in the design, development and provision of the Ordered Panel Services and who are still employed by the Supplier, provided that the Customer and/or the Replacement Supplier shall pay the reasonable costs of the Supplier actually incurred in responding to requests for access under this paragraph. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), each Party shall return to the other Party (or if requested, destroy or delete) all Confidential Information of the other Party and shall certify that it does not retain the other Party's Confidential Information save to the extent (and for the limited period) that such information needs to be retained by the Party in question for the purposes of providing or receiving any Ordered Panel Services or termination services or for statutory compliance purposes. Except where this Contract provides otherwise, all licences, leases and authorisations granted by the Customer to the Supplier in relation to the Ordered Panel Services shall be terminated with effect from the end of the Termination Assistance Period.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Recipient Obligations 2.1 The Recipient agrees to support the Project in accordance with this Agreement.

  • Client Obligations 3.1 The Client shall:

  • Post-Termination Obligations All payments and benefits to Executive under this Agreement shall be subject to Executive's compliance with this Section 9 for one (1) full year after the earlier of the expiration of this Agreement or termination of Executive's employment with the Holding Company. Executive shall, upon reasonable notice, furnish such information and assistance to the Holding Company as may reasonably be required by the Holding Company in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party.

  • PROCUREMENT OBLIGATIONS Notwithstanding any other provisions of this Part B, where in this Part B the Customer accepts an obligation to procure that a Former Supplier does or does not do something, such obligation shall be limited so that it extends only to the extent that the Customer's contract with the Former Supplier contains a contractual right in that regard which the Customer may enforce, or otherwise so that it requires only that the Customer must use reasonable endeavours to procure that the Former Supplier does or does not act accordingly.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

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