Reimbursement Term definition

Reimbursement Term means the ten (10) year period beginning on January 1, 2016 and ending on December 31, 2025. The City’s reporting and reimbursement on taxable sales shall be on a calendar year basis for each of the ten years.

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Reimbursement Term means the tax years 2017 through 2033.

Reimbursement Term means a period of time commencing with the Reimbursement Commencement Date and expiring upon the earlier of (i)

Examples of Reimbursement Term in a sentence

• This Agreement shall terminate upon expiration of the Reimbursement Term.

• The County shall have no obligation to accept a Request for Disbursement or to make a disbursement of Transportation Funds to the MSD after expiration of the Reimbursement Term.

• Additionally, following expiration of the Reimbursement Term, the County may, in its sole discretion, reallocate any remaining and undisbursed Transportation Funds (for which a Request for Disbursement has not been submitted and is not pending) toward other projects within Salt Lake County.

• Any Transportation Funds disbursed to the MSD by the County under this Agreement will be used by the MSD: (1) solely to reimburse the MSD for costs actually incurred by the MSD for the Project during the Reimbursement Term and consistent with the allowable uses for Transportation Funds described in Utah Code § 59-12-2212.2; and (2) in accordance with all other applicable federal, state and local laws, rules and regulations.

• Subject to compliance with the terms and conditions of this Agreement, the County shall disburse to the MSD the amount of Transportation Funds requested by the MSD in a Request for Disbursement for Reimbursable Project Costs, but in no event shall the County be required to disburse more than the Maximum Reimbursable Amount, in aggregate, over the Reimbursement Term.

• During the Reimbursement Term, the County shall disburse Transportation Funds to the MSD to reimburse the MSD for Reimbursable Project Costs, up to the Maximum Reimbursable Amount for the Project, all on the terms and subject to the conditions of this Agreement.

• If upon expiration of the Reimbursement Term, the County has not disbursed to the MSD the Maximum Reimbursable Amount, then all such undisbursed Transportation Funds may be used by the County as the County deems appropriate.

• Costs incurred by the MSD during the Reimbursement Term for the Project, so long as such costs are consistent with the allowable uses for Transportation Funds described in Utah Code § 59-12-2212.2 and in accordance with the Certificate of Grant Recipient.

• Each German Borrower shall repay the Reimbursement Term Loans to the Administrative Agent, for the ratable account of the German L/C Participants, on the dates and in the amounts set forth in subsection 4.3 with respect to the German Term Loans.

• All regularly scheduled principal payments required to be made on account of Term Loan A, Term Loan B and each LOC Reimbursement Term Loan from April l, 2003 through the expiration of the Forbearance Period, as well as the payment of the Deferred Fee which was due on March 31, 2003, shall be extended and shall become due on the earlier of the expiration of the Forbearance Period, or the consummation of a sale of the Borrower and/or any of its subsidiaries.

More Definitions of Reimbursement Term

Reimbursement Term as used herein means the period during which Agency is obligated to make payments to the Developer to the extent set forth in this Public-Private Feasibility Agreement.

Reimbursement Term means the ten (10) year period beginning on January 1, 2016 and ending on January 1, 2026. The issuance of the C.O. for the Project is projected to be 4th Quarter, 2015. Thus, the reporting and reimbursement on taxable sales for calendar years of 2016 and 2026 will be pro-rated accordingly and as follows: Four (4) months for calendar year 2015 and four (8) months for calendar year 2025, ending on 4th Quarter, 2026.

Reimbursement Term means the tax years 2016 through 2033.

Reimbursement Term means, subject to compliance with the requirements set forth in Section 4 below, the tax years 2017 through 2033.

Reimbursement Term means the tax years 2015 through 2033.