Financing Principles Sample Clauses

Financing Principles. (a) Prior to incurring any Additional Financial Indebtedness or making any amendment to the Senior Financing Agreements, IP OpCo shall deliver to the Secretary of State a certificate certifying that the incurrence of such Additional Financial Indebtedness or the making of such amendment would comply with the Financing Principles.
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Financing Principles. The financing of IP OpCo in connection with the Project shall be in accordance with the following principles:
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Financing Principles. (i) Financing for DAC Properties (save for the Initial Advances) shall be obtained from the following sources and in the following order of priority:-
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Financing Principles. A project as large and complex as the redevelopment of Treasure and Yerba Buena Islands may require many different financing sources such as private equity, traditional construction and permanent financing, and tax exempt, land secured tax exempt financing such as Xxxxx Xxxx Community Facilities District ("CFD") bonds, and tax increment and tax allocation bonds. However, a key principle of the Project is that it must be financially self- sufficient. In this context, financial "self-sufficiency" means that although TICD may utilize certain forms of tax exempt financing such as CFD, tax increment and tax allocation bonds for the Project, the City's General Fund will not be necessary for infrastructure needs or other capital improvements associated with the Project. As a result, the guiding financing principles are: • Ensure that the Project is fiscally feasible. • Fund the Project’s capital costs and on-going operation and maintenance costs relating to the redevelopment and long-term operation of the Property in a manner that does not negatively impact to the City’s General Fund. • Ensure that the provision of the community benefits and facilities described in this Development Plan are a priority of the Project. • Provide a mechanism for the Authority to participate in net profits from the development of the Project in the event TICD achieves a return in excess of agreed upon rates of return.
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Related to Financing Principles

  • Funding Principles A Party that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles:

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Objectives and Principles Article 1

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Statement of Basic Principles A. Every employee covered by this Agreement shall have the right to present grievances in accordance with these procedures, with or without representation. Nothing contained in this Article or elsewhere in this Agreement shall be construed to prevent any individual teacher from discussing a problem with the Administration and having it adjusted without intervention or representation of organization representatives, provided that the Union has been given the opportunity to be present at such adjustment.

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