Cada Obligations Sample Clauses

Cada Obligations. As set forth in the SACOG Proposal and in accordance with the 2006 MOU, the CADA Initial Contribution of $90,000 was applied by the CITY towards completion of the Project. The CADA Initial Contribution constituted the matching funds required by the SACOG Community Design Grant Program. The CADA 2010 Additional Contribution of $400,000 was applied towards the completion of the final design portion of the project (including completion of Final Construction Documents) as requested by the City in 2010. The CADA 2010 Additional Contribution of $400,000 for the Project’s final design was provided in the following manner: 1) $100,000 was provided within 10 working days following the execution of the 2010 MOU by the CITY and CADA; 2) a second installment of $100,000 was provided following the consultant’s submittal of 60% plans to the City; 3) a third installment of $100,000 was provided following the consultant’s submittal of 90% plans to the City; 4) the last installment of $100,000 was provided following the consultant’s submittal of 100% plans to the City. Before each installment is sent, the City has provided a Project progress report that includes copies of all consultant invoices between installments, a summary of all staff costs, and an update on the Project’s schedule. Following the first installment, CITY provided written acknowledgement from the consultant that the previous consultant invoices have been paid in full prior to disbursement of the next installment. The CADA 2014 Additional Contribution of $30,000 will be applied to process of awarding a contract to a construction contractor who will build the project, as requested by the City of Sacramento. The additional CADA contribution will be provided within 10 days following the execution of this Second Amended MOU by the City and CADA. CADA’s total contribution to the Project is limited to a sum not to exceed the CADA Funds ($520,000).
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Cada Obligations 
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Related to Cada Obligations

  • ERISA Obligations All Employee Plans of the Borrower meet the minimum funding standards of Section 302 of ERISA and 412 of the Internal Revenue Code where applicable, and each such Employee Plan that is intended to be qualified within the meaning of Section 401 of the Internal Revenue Code of 1986 is qualified. No withdrawal liability has been incurred under any such Employee Plans and no “Reportable Event” or “Prohibited Transaction” (as such terms are defined in ERISA), has occurred with respect to any such Employee Plans, unless approved by the appropriate governmental agencies. The Borrower has promptly paid and discharged all obligations and liabilities arising under the Employee Retirement Income Security Act of 1974 (“ERISA”) of a character which if unpaid or unperformed might result in the imposition of a Lien against any of its properties or assets.

  • Specific Obligations The HSP:

  • Valid Obligations The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.

  • Exit Obligations Upon (a) voluntary or involuntary termination of Executive’s employment or (b) the Company’s request at any time during Executive’s employment, Executive shall (i) provide or return to the Company any and all Company property, including keys, key cards, access cards, identification cards, security devices, employer credit cards, network access devices, computers, cell phones, smartphones, PDAs, pagers, fax machines, equipment, speakers, webcams, manuals, reports, files, books, compilations, work product, e-mail messages, recordings, tapes, disks, thumb drives or other removable information storage devices, hard drives, negatives, and data and all Company documents and materials belonging to the Company and stored in any fashion, including but not limited to those that constitute or contain any Confidential Information or Work Product, that are in the possession or control of Executive, whether they were provided to Executive by the Company or any of its business associates or created by Executive in connection with his employment by the Company; and (ii) delete or destroy all copies of any such documents and materials not returned to the Company that remain in Executive’s possession or control, including those stored on any non-Company devices, networks, storage locations, and media in Executive’s possession or control.

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • Perform Obligations Tenant shall perform promptly all of the obligations of Tenant set forth in this Lease; and pay when due the Annual Fixed Rent and Additional Rent and all other amounts which by the terms of this Lease are to be paid by Tenant.

  • Client Obligations Client shall fulfill its obligations and responsibilities as set forth in this Agreement and the SOW so that Spirent can perform the Services efficiently and effectively. Client is responsible for the operation and security of its applications and the information technology environment in which the Services are to be performed. Client agrees that it shall have the sole responsibility for protecting and backing up its systems, networks, applications, content, and data used in connection with the Services. Client shall secure and provide to Spirent any rights and licenses necessary to allow Spirent to perform the Services. Client shall ensure the cooperation and performance of its employees and contractors as well as the accuracy and completeness of data and information provided to Spirent that are necessary to perform the Services. Client shall make and be responsible for all decisions and actions based or related to advice and recommendations provided by Spirent in connection with the performance of the Services hereunder. Client shall be liable for all Spirent owned equipment while in Client’s possession or control and, if lost or. damaged or not returned to Spirent upon expiration of the engagement, Client agrees to pay for such equipment upon receipt of an invoice referencing this Agreement. Equipment received by Spirent from Client more than five (5) calendar days after the end of engagement shall be subject to a fifteen (15%) per month late fee based on the list price of the equipment.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

  • Joint Obligations The following shall apply with equal force to Seller and Purchaser:

  • Excluded Obligations Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent shall not:

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