Examples of Reimbursement Certificate in a sentence
The District shall not reimburse Developer for CID Reimbursable Project Costs until the Reimbursement Certificate has been approved (as described in Section 4.3) and until sufficient CID Sales Tax Revenue has been collected and is available for payment to Developer.
The District shall not disburse any of the CID Sales Tax Revenues for CID Reimbursable Project Costs until the City has approved the Reimbursement Certificate, as defined in Section 4.3, and in accordance with the approved annual Budget.
If a Reimbursement Certificate is approved only in part, the City shall specify the extent to which the Reimbursement Certificate is approved and payment for such partially approved Reimbursement Certificate shall be made to the Developer pursuant to the terms of the Indenture or this Agreement, as applicable, provided that funds are available.
Provided, however, that as of the date of termination, (i) any Authorized Improvements completed and accepted by the City or (ii) Authorized Improvements Costs submitted pursuant to a Reimbursement Certificate and approved by the City, shall still be subject to reimbursement.
After reviewing the Certificate for Payment, the City approves the Reimbursement Certificate and authorizes and directs payment of the amounts set forth below to the Developer or other person designated by the Developer as listed and directed on such Reimbursement Certificate.
The Developer shall submit a Reimbursement Certificate to the City (no more frequently than monthly) for Authorized Improvements Costs, as approved by the City.
The City’s approval of the Reimbursement Certificate shall not have the effect of estopping or preventing the City from asserting claims under the Agreement [the Indenture], the Service and Assessment Plan, or any other agreement between the parties or that there is a defect in the Authorized Improvements.
The City shall review each Reimbursement Certificate within thirty (30) Business Days of receipt thereof and upon approval, payment shall be made to the Developer pursuant to the terms of the Indenture or this Agreement, provided that funds are available.
The City is in receipt of the attached Certificate for Payment, acknowledges the Certificate for Payment, and finds the Reimbursement Certificate to be in order.
Notwithstanding the foregoing, the City shall review the first Reimbursement Certificate within forty-five (45) business days of receipt thereof.