Examples of City Loans in a sentence
Unless approved for an exemption, contractors under contracts primarily for the furnishing of services to or for the City, the value of which is in excess of $25,000 and a contract term of at least three (3) months, and certain recipients of City Loans or Grants, shall comply with the provisions of Los Angeles Administrative Code Sections 10.44 et seq., First Source Hiring Ordinance (FSHO).
Unless approved for an exemption, contractors under contracts used primarily for the furnishing of services to or for the City and that involve an expenditure in excess of $25,000 and a contract term of at least three (3) months, and certain recipients of City Loans or Grants, shall comply with the provisions of Los Angeles Administrative Sections 10.44, et seq., First Source Hiring Ordinance (FSHO).
Prior to disbursement of the City Loans, the Developer shall submit a standard lease form to the City for its approval.
The City Loans may be documented through multiple promissory notes – e.g., three notes corresponding to three sources of funds.
The Developer understands and acknowledges that with respect to the City's Mortgage Loan Programs, under which the City Loans are being offered by the City, the City is acting in a limited capacity only as a mortgage lender and is not otherwise responsible in any way with respect for the construction, operation or maintenance of the Development.
In no event, however, shall the City or Authority be obligated to approve the assignment or transfer of the City Loans, Promissory Note or Deed of Trust pursuant to this Section 504, except to an approved transferee or assignee of the Developer’s rights in and to the Property.
The requirements of this Agreement which are applicable after the disbursement of the City Loans are set forth in the “Regulatory Agreement” which is attached hereto as Exhibit D and incorporated herein by reference.
The execution and recordation of the Regulatory Agreement is a condition precedent to the disbursement of the City Loans.
The City herebydedicates and pledges for payment of the principal and interest on, and as security for, Required Payments, Future City Loans and/or Sales Tax Revenue Bonds, Sales Tax Bonds, Project Agreement payment obligations, or other debt, and any bonds issued to refund Future Loans, one-hundred percent (100%) of the City 3-21 Sales Tax and the proceeds thereof.
Unless approved for an exemption, Contractors under contracts used primarily for the furnishing of services to or for the City and that involve an expenditure in excess of $25,000 and a contract term of at least three (3) months, and certain recipients of City Loans or Grants, shall comply with the provisions of Los Angeles Administrative Sections 10.44, et seq., First Source Hiring Ordinance (FSHO).