CAPITAL GRANT Sample Clauses

CAPITAL GRANT. 29.2.1 Subject to the conditions specified in this Clause 29.2, the Capital Grant shall be equivalent to the lowest bid for Capital Grant (subject to maximum of 40% (forty percent) of the Estimated Project Cost) which shall be disbursed only after the Concessionaire has subscribed and expended the equity contribution required for the Project and will be released in proportion to debt disbursements by Senior Lenders (the “Capital Grant”).
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CAPITAL GRANT. 3.1 Pursuant to clause 63 of the Master Funding Agreement, the Secretary of State will provide funding to the LA in accordance with [delete as applicable] [arrangements made under the Building Schools for the Future Programme / arrangements made under the BSF National Construction Contractors' Framework for Academies and Educational Facilities],
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CAPITAL GRANT. 2 For clarification, such charging is separate and distinct from any arrangement that the Academy Trust may make with Commissioners concerning the referral of pupils to the alternative provision Academy.
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CAPITAL GRANT. The Company's obligations with respect to the Institutional Network shall be in accordance with Appendix E to this Agreement.
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CAPITAL GRANT. 3.1 The Secretary of State and the Academy Trust shall negotiate with a view to agreeing the amount of Capital Expenditure which the Secretary of State may provide for the purpose of the Academy occupying new premises or for existing premises to be substantially refurbished or remodelled for occupation by the Academy.
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CAPITAL GRANT. (i) upon written request from the Concessionaire and subject to the Concessionaire complying with Applicable Laws, provide reasonable support and assistance to the Concessionaire in procuring Applicable Permits required from any Government Agency for implementation of the Project. It is clarified that, the Concessionaire shall be solely responsible for obtaining all Applicable Permits;
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CAPITAL GRANT 
Sample 1

Related to CAPITAL GRANT

  • Equity Grants The Employee shall be granted as soon as practicable on or after the Effective Date, a stock option to purchase 734,900 shares of the Company’s common stock (the “Option”) (which option shall be issued as an incentive stock option to the maximum extent allowed under Section 422 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”)) pursuant to the Company’s 2011 Employee, Director and Consultant Equity Incentive Plan (the “Plan”). The Option shall be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. Twenty-Five percent (25%) of the Option shall be vested one year from the Effective Date and the remaining portion of such Option shall vest in equal monthly installments over a thirty-six (36) month period commencing on the first day of the month one year following the Effective Date, subject to continued employment by the Company. Notwithstanding the foregoing, in connection with a Change of Control (as defined in the Plan) or if a termination of the Employee occurs within two (2) months prior thereto, then the vesting of all equity then owned by the Employee shall accelerate with respect to one hundred percent (100%) of the unvested shares. In lieu of the Option at the request of the Employee, the Company shall issue restricted common stock. Restricted common stock will be issued at par value. If the equity to be issued is restricted common stock and not stock options, the number of shares of restricted common stock to be issued shall be calculated by determining the black scholes value of the grant as if it had been issued solely as stock options and dividing such number by the then current fair market value of the Company’s common stock so as to provide no additional benefit to the Employee for the non-payment of the exercise price. The Employee acknowledges and agrees that effective as of the date of the grant of the equity as set forth in the preceding paragraph, option agreement No. SP-0040 granted by the Company to the Employee as of April 30, 2011 shall be terminated and of no further force and effect. The Company acknowledges that any other options previously granted to the Employee that vest based upon the Employee providing consulting services to the Company shall continue to vest upon its terms as long as the Employee is providing services as a director, consultant or employee of the Company and that the definition of “cause” applicable to all such option agreements shall be the definition set forth herein and not as set forth in the 2008 Stock Incentive Plan.

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