Examples of Proportionate Share in a sentence
The Parties agree that a portion of Project Sponsor’s Transportation Account Contributions are in excess of Project Sponsor’s Proportionate Share and therefore eligible for reimbursement or credit.
Beginning on the Commencement Date, and each month thereafter during the initial one-year term, the CITY shall pay to the BOARD an amount equal to one-twelfth of the CITY’S Proportionate Share of Utilities, unless otherwise adjusted as provided for in Article VI.
Since the Site is shared, the CITY’S proportionate share shall be determined by multiplying a fraction, the numerator of which is CITY’S leasable floor area (office/storage/maintenance facility) and the denominator of which is the total leasable area of the Site, by the actual cost of shared utilities for the twelve (12) month period immediately preceding the Effective Date (“CITY’S Proportionate Share of Utilities”).
Additionally, as further described in Section below, at the time the Transportation Account is established for these 2024 Intersection Mitigation Measures, the City shall also establish a Transportation Account for each of the 2032 and 2037 Intersection Mitigation Measures described in Section and , and the Project Sponsor shall deposit the Project Sponsor Proportionate Share for all 2032 and 2037 Intersection Mitigation Measures into those Transportation Accounts.
Account where funds are credited from (a) Project Sponsor Proportionate Share contributions, (b) Grant Funds, (c) Other Development Transportation Mitigation, and (d) Project Sponsor Transportation Account Contribution.