ECONOMIC LIFE OF THE PROJECT Sample Clauses

ECONOMIC LIFE OF THE PROJECT. The Company represents that the average reasonably expected economic life of the Project is at least _____ years. The weighted average maturity of the Bonds is _____ years. The weighted average maturity of the Bonds therefore does not exceed 120% of the average reasonably expected economic life of the Project. For this purpose, land represents less than twenty-five percent (25%) of the proceeds of the Bond --------------------------------------------------------------------------------
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ECONOMIC LIFE OF THE PROJECT. The Underwriter has certified that the average maturity of the Series 2017 Bonds is not more than years. The Corporation hereby certifies that the remaining average reasonably expected economic life of the Project is expected to be not less than years, determined as of the Date of Issuance of the Series 2007 Bonds. Therefore, the average maturity of the Series 2017 Bonds does not exceed _ years, which is 120 percent of the remaining average reasonably expected economic life of the Project. For this purpose, land, if any, was acquired with less than twenty-five percent (25%) of the proceeds of the Series 2007 Bonds and, therefore, was not taken into account in determining the average economic life of the Project. The average reasonably expected economic life of the Project was calculated as set forth in EXHIBIT A-4 of the Original Tax Exemption Agreement entered into in connection with the Series 2007 Bonds was 23.030 years and years have elapsed since the date of issuance of the Series 2007 Bonds.
Sample 1

Related to ECONOMIC LIFE OF THE PROJECT

  • Scope of the Project Under this Agreement, the scope of the Project (the “Scope of the Project”) shall mean and include:

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • CONSTRUCTION OF THE PROJECT/ APARTMENT The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the [Apartment/Plot] and accepted the floor plan, payment plan and the specifications, amenities and facilities [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent Authorities and shall also strictly abide by the bye-laws, FAR and density norms and provisions prescribed by the [Please insert the relevant State laws]and shall not have an option to make any variation /alteration / modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • of the Project III. 2 – Performance obligations

  • Completion of the Project The Contracting Party shall complete the construction, equipping and furnishing of the Improvements in accordance with the Plans and submit to the Board a Certificate of Completion on or before November 1, 2016.

  • Use of the Property The Tenant agrees with the Landlord as follows:-

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

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