Examples of Funding Agreement in a sentence
At the request of the Funding Recipient, the State may at its sole discretion approve non-material changes to the portions of Exhibits A, B, and C which concern the budget and schedule without formally amending this Funding Agreement.
If the Funding Agreement is not so signed by the date which is six months after the date of this Agreement (the “Deadline”), this Agreement will cease to have effect on the day after the Deadline.
Additional Bond Proceeds shall mean that portion of the net proceeds of the Additional Bonds in an amount that, when added to the TIF Bond Projected Proceeds, makes the sum of the Bonds Proceeds Twenty-Five Million, Seven Hundred Three Thousand, Five Hundred Forty-Four and no/100 Dollars ($25,703,544.00), which Additional Bond Proceeds shall be made available to Company for Approved Costs, pursuant to the Funding Agreement.
Non-material changes with respect to the budget are changes that only result in reallocation of the budget and will not result in an increase in the amount of the State Funding Agreement.
Non-material changes with respect to the Project schedule are changes that will not extend the term of this Funding Agreement.