Clearance Letter definition
Examples of Clearance Letter in a sentence
The Subrecipient shall not engage in, or in any way commit funding for, through a contract or other mechanism, construction or any other activities that could have an environmental impact or limit the choice of reasonable alternatives to the proposed project prior to receiving, in writing, a Clearance Letter from Grantee.
If construction/implementation is authorized by the Corporation in the Clearance Letter, Subrecipient must comply with any and all conditions or required mitigation set forth in the Environmental Review documents, and shall document compliance with such measures, as well as any permit requirements, or other applicable requirements of Federal and State environmental laws, including worker health and safety requirements.
Subrecipient may not use such other funds to conduct construction activities or any other action that would have an environmental impact or limit the choice of reasonable alternatives until issuance of the Clearance Letter.
The escrow monies will be held in escrow in a non-interest bearing account until the Division makes a final determination as to the amount of any State taxes owed by Sellers, and the escrow monies will be released in accordance with, and only upon receipt of, a Tax Clearance Letter from the Division.
The Supplier must, for the duration of the services, be registered as an ‘Independent Business’ with WorkSafeBC with a WorksafeBC Clearance Letter status showing the Supplier is “Active and in good standing”.
If Sellers have not obtained a Tax Clearance Letter by Closing then Sellers shall use commercially reasonable efforts post-Closing to obtain the same.
Schedule A, attached and incorporated hereto provides the “time of essence” deadlines related to the completion of the Project that shall not exceed 18 months from the issuance of a Clearance Letter.
If Sellers fail to obtain a Tax Clearance Letter by Closing, then Sellers shall indemnify, defend and hold Buyers harmless from and against any and all Losses, which may be incurred by Buyers in connection with Sellers’ obligations under this Section 8.2(h).
Seller and the Indemnifying Shareholders shall prepare, submit and file, or cause to be prepared, submitted and filed, all applications for approvals and actions as may be required by applicable law with respect to the transactions contemplated by this Agreement (including but not limited to, a liquidation of Seller as may be required by the Tax Clearance Letter), and shall use its best efforts to obtain such approvals and accomplish such results as expeditiously as possible.
The “Closing Date Deadline” means October 31, 2022; provided, however, that if, as of the fifteenth (15th) day prior to such date, all of the manufacturers’ approvals have not been obtained, or if all applicable waiting periods pursuant to the HSR Act have not expired or terminated, or if the Florida Department of Revenue has not provided a Clearance Letter to Seller, the Closing Date Deadline will automatically be extended for thirty (30) days, time being of the essence.