Common Contracts

COVENANT TO PAY AGREEMENT

Covenant to Pay Agreement • February 23rd, 2024 • Alberta

• Contract Type
  Covenant to Pay Agreement
• Filed
  February 23rd, 2024
• Jurisdiction
  Alberta

WHEREAS Calgary Flames Foundation (the “Foundation”) and The City have entered into a Community Grant Agreement dated October 5, 2023 and made effective as of the Effective Date (the “Community Grant Agreement”) whereby the Foundation agreed to provide an annual grant to Initial Recipients and, where applicable, Successor Recipients as determined by the Foundation, in consultation with The City, which annual grant is in the aggregate of $1,500,000.00;