Examples of Reimbursement Amounts in a sentence
Except for any Reimbursement Amounts which become due and payable in accordance with the provisions of Article V hereof, under no circumstances shall the City be subject to any monetary liability or be liable for damages (compensatory or punitive) under any of the other provisions, terms and conditions of this Agreement.
The City and the Developer intend and agree that any Reimbursement Amounts be disbursed by the Comptroller of the City for payment to the Developer shall be in accordance with the procedures set forth in this Section 5.1 of this Agreement.
Anything herein to the contrary notwithstanding, the Developer agrees that the City may, to the extent permitted by law, use any Incremental Property Taxes, including any unpaid Reimbursement Amounts, if available, to be redirected to reimburse the City for its defense costs, including without limitation attorneys’ fees and expenses.
The City hereby designates the City’s Chief Administrative Officer, or the designee thereof, (the “CAO”) as its representative to coordinate the authorization of disbursement of any annual Reimbursement Amounts for the Eligible Costs.
Payments to the Developer of any Reimbursement Amounts for Eligible Costs shall be made upon request therefor, in form reasonably acceptable to the City (each being a “Requisition”) submitted by the Developer on or after September 1 of each year, beginning September 1, 2003 with respect to Eligible Costs incurred in the calendar year 2002.