Community Recovery Payments Sample Clauses

Community Recovery Payments. If an Annual Report shows that, for the immediately preceding Annual Report Year, there is a Project Shortfall Percentage greater than 20%, then, the Company, in such Annual Report, shall calculate the amount of the “ Community Recovery Payments,” and shall pay the same with respect to the incentives set forth in the Incentives Table, all pursuant to and as defined in the Community Incentives Schedule. For the avoidance of doubt, if the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.
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Community Recovery Payments. If the Annual Report for any Goal Year during the Performance Period shows that, for such Goal Year, the Project Goals Percentage is less than 80% (a “Shortfall Year”), then the Company, in such Annual Report, shall calculate the amount of the “Community Recovery Payments.” If the Project Goals Percentage as shown in the Annual Report for the Goal Year immediately succeeding a Shortfall Year is less than 80%, then the Company shall pay the Community Recovery Payments for the prior Shortfall Year.
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Community Recovery Payments. The Project Shortfall Percentage for 20 is %. [IF A RECOVERY PAYMENT IS DUE, THAT PAYMENT SHOULD BE CALCULATED HERE BASED ON THE RECOVERY SCHEDULE IN THE MOU] Please do not hesitate to let us know if you require any additional information. Sincerely,
Sample 1
Community Recovery Payments. The Project Goals Percentage for 20 is % [(Community Jobs Percentage of % + Community Investment Percentage of %) ÷ 2]. If the Project Goals Percentage set forth in the preceding sentence is less than 80%, then a Community Recovery Payment is due in accordance with the terms and conditions set forth in the Memorandum of Understanding referenced above. Please do not hesitate to let us know if you require any additional information. Sincerely, Enclosures cc: Carrollton, Georgia Attention: City Manager Xxxxxxx County, Georgia Attention: Chairman
Sample 1
Community Recovery Payments. The Project Shortfall Percentage for 20__ is ___% ((___% + __%) ÷ 2). [IF THE PROJECT SHORTFALL PERCENTAGE IS GREATER THAN 20%, THEN A COMMUNITY RECOVERY PAYMENT IS DUE. IF A COMMUNITY RECOVERY PAYMENT IS DUE, THAT PAYMENT SHOULD BE CALCULATED HERE BASED ON THE INCENTIVES SCHEDULE IN THE MOU.] Please do not hesitate to let us know if you require any additional information. Sincerely,
Sample 1
Community Recovery Payments. The Project Goals Percentage for the Global Year is % (( % + %) ÷ 2). [IF SUCH PROJECT GOALS PERCENTAGE IS LESS THAN 80% A COMMUNITY RECOVERY PAYMENT IS DUE, THAT PAYMENT SHOULD BE CALCULATED HERE BASED ON THE RECOVERY SCHEDULE IN THE AGREEMENT.] * Neither the Community Jobs Percentage nor the Community Investment Percentage may exceed 110% for purposes of these calculations. Please do not hesitate to let us know if you require any additional information.
Sample 1
Community Recovery Payments. The Project Goals Percentage for the Global Year is ___% ((___% + __%) ÷ 2). IF SUCH PROJECT GOALS PERCENTAGE IS LESS THAN 80% A COMMUNITY RECOVERY PAYMENT IS DUE, THAT PAYMENT SHOULD BE CALCULATED HERE BASED ON THE RECOVERY SCHEDULE B IN THE AGREEMENT. 1The Community Jobs Percentage may not exceed 110% and the Community Investment Percentage may not exceed 120% for the first two years of the Performance Period, nor 110% for the last three years of the Performance Period, for purposes of these calculations. Please do not hesitate to let us know if you require any additional information. Sincerely, EXHIBIT A DESCRIPTION OF MAIN SITE The Main Site shall consist of the below description, excluding Ancillary Site described in Exhibit B. EXHIBIT B DESCRIPTION OF ANCILLARY SITE The Ancillary Site shall consist of the space within the dotted lines in the map below marked as “Ancillary Site”.
Sample 1
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Community Recovery Payments. [IF A RECOVERY PAYMENT IS DUE, THAT PAYMENT SHOULD BE CALCULATED HERE BASED ON THE RECOVERY SCHEDULE IN THE MOU] Please do not hesitate to let us know if you require any additional information. Sincerely, Enclosures
Sample 1

Related to Community Recovery Payments

  • Distributions to Certificateholders; Payment of Special Primary Insurance Premiums (a) On each Distribution Date, the Trustee (or any duly appointed paying agent) shall (i) subject to Section 3.05(a)(viii), withdraw from the Certificate Account any Special Primary Insurance Premium payable on such Distribution Date and pay such amount to the insurer under the applicable Special Primary Insurance Policy and (ii) withdraw from the Certificate Account the REMIC II Available Distribution Amount for such Distribution Date and distribute, from the amount so withdrawn, to the extent of the REMIC II Available Distribution Amount, the REMIC II Distribution Amount to the Certificateholders (including the Class R Certificateholders with respect to any distribution to the Holders of the Class R-2 Residual Interest), all in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b). Any Special Primary Insurance Premiums distributed pursuant to clause (i) above shall be distributed by means of payment acceptable to the insurer under the respective Special Primary Insurance Policy. Amounts distributed to the Certificateholders pursuant to clause (ii) above shall be distributed by wire transfer in immediately available funds for the account of, or by check mailed to, each such Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Servicing Compensation; Payment of Certain Expenses by Servicer The Servicer shall be entitled to receive the Servicing Fee in accordance with Section 3.03 as compensation for its services in connection with servicing the Mortgage Loans. Moreover, additional servicing compensation in the form of late payment charges and certain other receipts not required to be deposited in the Collection Account as specified in Section 3.02 shall be retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Administrator, Owner Trustee, Indenture Trustee and any Custodian) and shall not be entitled to reimbursement therefor except as specifically provided herein.

  • Distributions and Reports to Certificateholders Distributions shall be made to, and reports shall be provided to, Certificateholders as set forth in the applicable Supplement.

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