Agency Contribution Sample Clauses
Agency Contribution. A B Avg. Monthly Bill (7,500 Gallons) 2015 2019 2024 C earned from system users. Estimates of the revenue required by a P3 developer show steps with the completion of each phase, as payments are made by the Agency to allow the P3 developer to recover operating costs, financing costs and return. Increasing rates by approximately 5% per year over the 50 year term of the analysis yields an additional $3.3bn in revenue for the Agency as compared to a 3% increase. For the user growth profile underpinning the analysis, increases in user rates of approximately 5% per year until the early 2040’s are required to create an economically viable system C Estimated shortfall between required and Estimated shortfalls in revenue occur during the majority of Phase 1A, and thereafter in the years immediately following Phase 2 becoming operational C Estimated shortfalls in revenue translate into cash deficits during Phase 1A. The project becomes cumulative cash positive by the time Phase 1B opens, and remains positive thereafter providing user growth and rate increases are as projected. B Importance of connection fees in early years / demand risk The early year revenue profile of the Project is highly dependent on connection fees, and hence the rate at which users are connected to the system. The Agency would be unable to make-up for the early year connection revenue shortfalls by increasing sewer rates because there is not sufficient population. A
Agency Contribution. Agency anticipates providing partial financial assistance for the reimbursement of actual construction costs of the BGC Facility (the “Agency Contribution”). The Agency Contribution shall be conditioned upon the sale of the “Site” (as defined in the Brookfield ENA) for residential development to Brookfield, at a price to be determined, in connection with a definitive agreement as contemplated by the Brookfield ENA. In no event shall the Agency Contribution exceed the net sales proceeds received by the Agency pursuant to the disposition of “Site” to Brookfield. BGC shall be responsible for funding the remainder of the pre-development and construction costs, including any cost overruns. The Parties anticipate that construction of the BGC Facility will be subject to prevailing wage requirements.
Agency Contribution. Agency has, pursuant to the procedures set forth in the Owner Participation Agreement by and between the Agency and Participant with an effective date of (the “OPA”), determined the Actual Eligible Costs for those certain Agency Funded Public Improvements as those terms are defined in the OPA and as specifically identified below, shall be and /100 dollars ($ ) (the “Agency Reimbursement”) for the [identify Agency Funded Public Improvements subject to reimbursement in this Confirmation]. All capitalized terms not otherwise set forth herein shall have those meanings set forth in the OPA.
Agency Contribution. Agency hereby agrees to provide Seven Million Eight Hundred Forty Thousand Dollars ($7,840,000), plus any interest due as a result of any deferral pursuant to Section 2.4.C, to fund a portion of the cost of the construction of the Joint Projects, to be funded pursuant to this Agreement in thirty-nine (39) annual payments commencing in the 2011-12 fiscal year in accordance with the Schedule of Annual Payments listed in Exhibit “A” (the “Agency Contribution”).
Agency Contribution. Provided that the Developer has satisfied all of the conditions precedent set forth in Article 2 above, the Agency shall pay the Agency Contribution in an amount up to Eight Hundred Twenty-Five Thousand Dollars ($825,000) for Eligible Development Impact Fees. To the extent the Eligible Development Impact Fees exceed the Agency Contribution, the Developer shall be solely responsible for all such excess amounts necessary to pay such fees. Except for the payment of the Agency Contribution, as between the Agency and the Developer, the Developer shall be solely responsible for all other costs and expenses related to the development and operation of the Project. At any time after receiving the Agency Contribution, the Developer, in its sole discretion, may terminate this Agreement by delivering written notice to the Agency and paying the Agency Contribution to the Agency plus interest at the Interest Rate. Upon such termination, this Agreement will terminate and the Agency will deliver an executed release of the Agency Covenant to be recorded in the Real Property Records of ▇▇▇▇▇▇ County, California and neither the Developer nor the Agency shall have any further rights, duties, or obligations under this Agreement (except for those obligations that explicitly survive termination). Prior to receiving the Agency Contribution, the Developer, in its sole discretion, may terminate this Agreement by delivering written notice to the Agency and upon such termination, the Agency will deliver an executed release of the Agency Covenant to be recorded in the Real Property Records of ▇▇▇▇▇▇ County, California and neither the Developer nor the Agency shall have any further rights, duties, or obligations under this Agreement (except for those obligations that explicitly survive termination).
Agency Contribution. During the Term, the Agency will make an annual payment to AMR (the “Agency Contribution”) for purposes of offsetting the expenses of providing the Services described herein. The Agency Contribution shall be shared equally between the City and the County. The Agency Contribution shall be paid in equal monthly installments beginning 7-01-2023 and being due on the first of each month thereafter. The annual Agency Contribution shall be $415,000.00 for the time period beginning July 1, 2023 and ending June 30, 2024. Thereafter, the Agency Contribution shall increase on each anniversary date of this Agreement by 3% during the Term of this Agreement. The City and the County shall be jointly and severally liable for the Agency Contribution.
Agency Contribution. During the Term, the Agency will make an annual payment to AMR (the “Agency Contribution”) for purposes of offsetting the expenses of providing the Services described herein. The Agency Contribution shall be payable to AMR in equal quarterly installments beginning September 31, 2020 and being due on the last day of each quarter thereafter. The annual Agency Contribution shall be: 2020 - $68,000.00 2021 - $71,400.00 2022 - $74,970.00 The Agency Contribution amount will increase by 5% compounded annually for each year after the initial term should the parties decide to renew this Agreement.
Agency Contribution. Agency (Centre City) hereby agrees to provide Thirty One Million Three Hundred Sixty Thousand Dollars ($31,360,000), plus any interest due as a result of any deferral pursuant to Section 2.3.C, to fund a portion of the cost of the construction of the North Embarcadero Project Improvements, to be paid to the County pursuant to this Agreement in thirty-nine (39) annual payments commencing in the 2011-12 fiscal year in accordance with the Schedule of Annual Payments listed in Exhibit “A” (the “Agency Contribution”).