Infrastructure Payment definition

Infrastructure Payment is defined in the Recitals. “Infrastructure Site” is defined in the Recitals. “KAI” is defined in the Recitals.
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Infrastructure Payment is defined in the Recitals.
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Infrastructure Payment means, in respect of any Year, the payment specified in respect of that Year in the Annexure Schedule to the Encumbrance Instrument;
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Examples of Infrastructure Payment in a sentence

  • The City shall pay all the costs of the purchase of the Recreation Center Site, the Infrastructure Payment and development and construction of the Recreation Center, subject to issuance of the Bonds.

  • Bliss Sports II shall be responsible for its costs and those of its Contractors of completing the Infrastructure Improvements regardless of whether they exceed the Infrastructure Payment or not.

  • The Parties agree that the Total Project Cost, which shall include the sum of the Recreation Center Construction Contract Amount, the amount of all Recreation Center Construction Contract Change Orders, the Recreation Center Architect’s Fee, the Purchase Price, and the Infrastructure Payment shall not exceed Twenty-four Million Five Hundred Thousand Dollars ($24,500,000).

  • The Parties acknowledge that the Infrastructure Payment could equal zero, but will not be a negative number.

  • The Recreation Center Architect’s Fees will be included (to the amount specified) in the calculation of the Infrastructure Payment in accordance with Section 11.01.

  • The Parties agree that to the extent, if any, that the City does not receive the sum referred to in Section 12.02(b) above by the thirtieth (30th) day after the Infrastructure Improvements Completion Date, the Infrastructure Payment will be reduced in accordance with Section 11.01.

  • Any adjustments to the Reasonable Infrastructure Payment shall likewise adjust the City Oversized Reimbursement Infrastructure Retainage amount by the same value (example: increase of 10% of the reasonable infrastructure payment shall result in a 10% increase of the city oversized reimbursement infrastructure retainage amount).

  • This provision shall not limit the City’s ability to require that Future Benefited Developers make payments additional to the Reasonable Infrastructure Payment in order to pay for other facilities in the Service Area.

  • The City shall pass through Reasonable Infrastructure Payments from Future Benefited Developments on a quarterly basis, commencing on the first day of the quarter following receipt of the Reimbursable Infrastructure Payment.

  • The Parties acknowledge that the Infrastructure Payment could equal zero.