Owner Contribution definition

Owner Contribution means the contribution by the Owner (i) in the amount of $3,100,000, which shall be deposited in a segregated account with the State Treasurer of South Carolina, as bond trustee of the Bank and drawn down by the Bank as directed by written instrument submitted by the Bank to the State Treasurer from the Account for approved costs of the Parkway North Project, (ii) in an amount necessary to fully fund the Debt Service Reserve Fund as provided in Section 3.3(C) hereof, (iii) in the amount necessary to complete the Parkway North Project as described in the IGA to the extent those costs exceed the other sources of funding for the Parkway North Project as set forth in this Loan Agreement or the IGA,
Sample 1Sample 2
Owner Contribution. 10% of the Estimate.
Sample 1
Owner Contribution means an equity contribution made by the Owner for the Parkway North Project in the amount of $3,100,000.00, which shall be deposited in a segregated account or subfund with the State Treasurer of South Carolina prior to the date of the first disbursement of SIB Grant proceeds.
Sample 1

Examples of Owner Contribution in a sentence

  • The Owner has deposited the above referenced Owner Contribution (if applicable) and Maine State Housing Authority (“MaineHousing”) is depositing the above referenced Program Fund amount(s), together referenced as the Escrowed Funds, with the Escrow Agent for work described in Exhibit C to a Construction Contract of near or even date between the Owner and the Contractor as may be modified by change orders executed by the Owner, the Contractor, and the Escrow Agent (the “Work”).

  • Any replacement or new mechanical system recommended to be elevated by the Multifamily Climate Resilience Assessment Tool must be elevated to at least the height recommended by the tool, unless otherwise approved by HUD.5.5. Determination of GRRP Funding and Owner Contribution.

  • Learning events observed will include: teaching, facilitating learning and the observation of learners in the workplace.

  • Comprehensive Awards shall fund the Comprehensive Eligible Costs less the Owner Contribution, as specified in Section 5.5(E), below.

  • To determine the allocation between the Owner Contribution and the Comprehensive Award, HUD will organize the recommended Scope of Work into four categories as described below: Owner-Paid Items, Cost-Share Items, High Impact GRRP-Paid Items, and Transaction Costs.

  • In some very limited circumstances, Owners receiving Comprehensive Awards may have difficulty securing funds for the Owner Contribution.

  • Has greater than 20 units, and the Owner certifies that they have made a good faith effort to secure financing in the amount of the required Owner Contribution from a minimum of two lenders and were either unsuccessful or the terms under which financing was extended would make the GRRP transaction financially infeasible or create undue hardship in maintaining the property as affordable.

  • INDEMNIFICATION 41 10.1 Survival 41 10.2 Indemnification by UPH 42 10.3 Indemnification by Platform Owners 42 10.4 Claims 42 10.5 Limitation on Liability 43 10.6 Indemnification Payments 43 10.7 Exclusive Remedy 44 10.8 Platform Owner Contribution Rights 44 Article XI.

  • Virtual Workshop on ‘Introduction to Indian Strategic Thinking for Diplomats’.

  • General Provisions• Neighborhood Enhancement Program Goals/Purpose/Desired Outcomes• Program Location (Target Area with boundaries identified)• Leveraged Resources (if applicable) – All needed resources need to be committed prior to project start.• Owner Contribution (if applicable) – Must be placed in Grantee’s escrow fund prior to project start.


More Definitions of Owner Contribution

Owner Contribution means the amount paid by each Owner, as a condition of eligibility to enroll into the Rental Association, and to become a Participating Owner. Owner Contributions are to be held on deposit with the Rental Manager until such time that the funds are drawn upon to pay Participating Owner expenses or returned to Participating Owner upon with withdrawal from, or desolution of, the Rental Association.
Sample 1

Related to Owner Contribution

  • Member contribution means a contribution under regulation 32;

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Member contributions means all amounts paid to ASRS by a member.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Employer Contributions means all amounts paid into ASRS by an

  • Excess Contribution means a contribution that exceeds the

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;