Advances for Initial Costs of Operation Sample Clauses

Advances for Initial Costs of Operation. Advances under the Facility Note for Initial Costs of Operation will be arranged by LKAR with a Lender, or made directly by LKAR to the Tribe, upon written request by the Tribe within the budget for Initial Costs of Operation approved pursuant to Section 6.1(b) and if supported by invoices or other documentation as LKAR may reasonably require. In addition, LKAR is hereby authorized to make direct payments for Initial Costs of Operation incurred by LKAR in its role as agent for the Tribe, subject to the accounting and record keeping provisions of Section 3.4(d). LKAR shall provide the Tribe with monthly reports of all advances for Initial Costs of Operation that shall compare actual advances with the budget for Initial Costs of Operation prepared pursuant to Section 6.1(b).
Sample 1
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Advances for Initial Costs of Operation. Advances under the Facility Note for Initial Costs of Operation will be arranged by Developer with a Lender, or made directly by Developer to the Tribe, within the budget for Initial Costs of Operation approved pursuant to Section 5.1(b) of the Management Agreement, and if supported by invoices or other documentation as Developer may reasonably require. In addition, Developer is hereby authorized to make direct payments for Initial Costs of Operation incurred by Developer in its role as agent for the Tribe, subject to the budget, accounting and record keeping provisions of Articles 2 and 5 of the Management Agreement. Developer shall provide the Tribe with monthly reports of all advances for Initial Costs of Operation that shall compare actual advances with the budget for Initial Costs of Operation prepared pursuant to Section 5.1(b) of the Management Agreement.
Sample 1
Advances for Initial Costs of Operation. Advances under the Facility Note for Initial Costs of Operation will be arranged by Developer with a lender, or made directly by Developer to the Tribe, upon written request by the Tribe within the budget for Initial Costs of Operation approved pursuant to Section 6.1(b) and if supported by invoices or other documentation as Developer may reasonably require. Any Initial Cost of Operation exceeding the sum of One Hundred and Twenty Five Thousand Dollars ($125,000) shall require the signed consent of the Tribe. In addition, Developer is hereby authorized to make direct payments for Initial Costs of Operation incurred by Developer/Manager in its role as agent for the Tribe, subject to the accounting and record keeping provisions of Section 3.4(d), and the above dollar limitation. Developer shall provide the Tribe with monthly reports of all advances for Initial Costs of Operation that shall compare actual advances with the budget for Initial Costs of Operation prepared pursuant to Section 6.1(b).
Sample 1
Advances for Initial Costs of Operation. The initial operating budget for the Facility and the Enterprise shall contain an amount approved by Manager and the Tribe which Developer/Manager agrees to arrange for a lender to advance, or advance directly to the Tribe, for Initial Costs of Operation as a component of the Facility Loan in accordance with Section 2.5 of this Memorandum of Agreement.
Sample 1

Related to Advances for Initial Costs of Operation

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  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

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  • Working Facilities and Expenses It is understood by the parties that the Executive’s principal place of employment shall be at the Bank’s principal executive office located in New Haven, Connecticut, or at such other Bank Board approved location within 50 miles of the address of such principal executive office, or at such other location as the Employer and the Executive may mutually agree upon. The Employer shall provide the Executive at his principal place of employment with a private office, secretarial services and other support services and facilities suitable to his position with the Employer and necessary or appropriate in connection with the performance of his assigned duties under this Agreement. The Employer shall reimburse the Executive for his ordinary and necessary business expenses attributable to the Employer’s business, including, without limitation, the Executive’s travel and entertainment expenses incurred in connection with the performance of his duties for the Employer under this Agreement, in each case upon presentation to the Employer of an itemized account of such expenses in such form as the Employer may reasonably require, and such reimbursement shall be paid promptly by the Employer and in any event no later than March 15 of the year immediately following the year in which the expenses were incurred.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Maintenance of Operations The Servicer agrees to continue to operate its distribution system to provide service to its customers so long as it is acting as the Servicer under this Agreement.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

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