Common Contracts
1 similar Funding Agreement contracts
Funding AgreementFunding Agreement • August 5th, 2021
This Agreement is entered into this day of August 2021, by and between the City of Myrtle Beach, a body politic of the State of South Carolina (the "City") and Myrtle Beach Downtown Alliance, Inc. (the "MBDA"), a South Carolina not for profit corporation approved by the Internal Revenue Service as a 501(c)(3) organization. The City and the MBDA have entered into that certain Memorandum of Understanding dated March 25, 2021 (the "MOU"). In consideration of the MBDA's promise to deliver or perform the goods and/or services that are the subject of the MOU and the City's promise to disburse the funds identified in Section 1 below, and subject to any Special Conditions as may be expressed in Section 2, the MBDA hereby expressly agrees to the terms and conditions outlined in this Agreement.
