PROJECT FINANCING AND EXPENSES SCHEME Sample Clauses

PROJECT FINANCING AND EXPENSES SCHEME. The Recipient further designates the Project's estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project as defined and described in Appendix A of this Agreement to consist of the following components:
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PROJECT FINANCING AND EXPENSES SCHEME. The Recipient further designates the Project’s estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project to consist of the following components: Project Estimated Costs a) Engineering 236,440 b) Construction Administration 95,855 c) Right-of-Way 0 d) Construction 1,742,820 e) Permits, Advertising, Legal 71,695 f) Construction Contingencies 174,282 Total Estimated Costs 2,321,092 Project Financial Resources a) Local Resources In-kind/Force Account 0 Local Revenues 0 Public Revenue – ODOT/FHWA 0 Public Revenue – OEPA/OWDA 250,000 Public Revenue – Other 250,000 Total Local Resources 500,000 b) OPWC Funds 1,768,247
Sample 1
PROJECT FINANCING AND EXPENSES SCHEME. The Recipient further designates the Project’s estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project to consist of the following components: Project Estimated Costs a) Engineering 236,440 b) Construction Administration 95,855 c) Right-of-Way 0 d) Construction 1,742,820 e) Permits, Advertising, Legal 71,695 f) Construction Contingencies 174,282 Total Estimated Costs 2,321,092 Project Financial Resources a) Local Resources In-kind/Force Account 0 Local Revenues 0 Public Revenue – ODOT/FHWA 0 Public Revenue – OEPA/OWDA 250,000 Public Revenue – Other 250,000 Total Local Resources 500,000 b) OPWC Funds 1,768,247 Total Financial Resources 2,268,247 Ohio Public Works Commission PROMISSORY NOTE $ 1,768,247 Village of Ashville July 1, 2022 CQ11Z FOR VALUE RECEIVED, the undersigned (the "Recipient") promises to pay to the order of the Ohio Public Works Commission (hereinafter the "Lender," which term shall include any holder hereof), at its office located at 00 X. Xxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, or at such other place as the holder hereof may designate in writing the principal sum of $ 1,768,247 or so much thereof as shall be advanced by Lender and remain unpaid, together with all costs herein provided following Project completion and thereon until said amounts have been paid in full at a rate equal to 0% per annum. Principal due under this Note shall be payable as follows. The first payment due shall be made on the last business day in January or the first day in July following the date of Project completion, whichever date first occurs. Thereafter, payments are due the last business day in January or the first day in July for the term of the loan. Principal shall be due and payable in equal consecutive semi-annual installments accordingly until maturity. Subject to adjustment as provided herein, the amount of each such semi-annual installment of principal shall be the amount which would fully amortize the unpaid principal balance of the indebtedness evidenced by this Note, such amortization to be based upon (i) an amortization period of 30 years commencing on the date of the first payment. The Recipient acknowledges that if the semi-annual payments set forth above do not fully amortize this Note, the payment due on the Maturity Date will be a final payment, consisting of the entire unpaid principal balance hereof. If Recipient shall fail to make any payment when due, and the same is not corrected ...
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Related to PROJECT FINANCING AND EXPENSES SCHEME

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Transaction Costs Borrower shall have paid or reimbursed Lender for all title insurance premiums, recording and filing fees or taxes, costs of environmental reports, Physical Conditions Reports, appraisals and other reports, the fees and costs of Lender's counsel and all other third party out-of-pocket expenses incurred in connection with the origination of the Loan.

  • Transaction Expenses Whether or not the transactions contemplated hereby are consummated, the Obligors will pay all reasonable costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required by the Required Holders, local or other counsel) incurred by the Purchasers and each other holder of a Note in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of this Agreement, any Notes or any Subsidiary Guaranty (whether or not such amendment, waiver or consent becomes effective), including, without limitation: (a) the reasonable costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any rights under this Agreement, the Notes or any Subsidiary Guaranty or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, the Notes or any Subsidiary Guaranty, or by reason of being a holder of any Note, (b) the reasonable costs and expenses incurred in connection with the insolvency or bankruptcy of any Obligor or any Subsidiary or in connection with any work-out or restructuring of the transactions contemplated hereby and by the Notes, and (c) the reasonable costs and expenses incurred in connection with the delivery of any Subsidiary Guaranty or Joinder Agreement as contemplated by Section 9.7. The Obligors will pay, and will save each Purchaser and each other holder of a Note harmless from, all claims in respect of any fees, costs or expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its purchase of any Notes).

  • Incurred Expenses Buyer and Seller agree that any expenses, incurred on their behalf, shall be paid by the Party incurring such expenses and shall not be paid from xxxxxxx money.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

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