Mitigation Payments Sample Clauses

Mitigation Payments. (a) Following the Trust Acquisition Date, in order to mitigate the Impacts resulting from the Project, to fund certain police, fire protection, emergency medical and other services to be provided for the Project by the City, and as payments in lieu of taxes against all property (real and personal) and all activity that would otherwise be taxable by the City if the Subject Property were not acquired in trust, and as consideration for the City’s assistance and support of the Project as contemplated in this Agreement, the Tribe shall pay to the City the amounts set forth below for the applicable periods (the “Mitigation Payments”):
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Mitigation Payments. In the event that a veteran tenant referred by The Pikes Peak Veteran Housing Fund abandons a unit with significant damages, breaks their lease, is evicted for non-payment of rent or repeated lease violations that result in a vacancy loss or any combination of these, the Fund will compensate the property owner for some costs beyond those covered by the security deposit, up to the maximum amount of $1000 -$2000 per unit size.
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Mitigation Payments. Xxxxxxxxx or the Except as set forth in paragraph 4.4.2, the New Airport shall make annual mitigation payments as set forth in paragraph 4.4.1 for all real property in Xxxxx County owned in fee simple by Denver for airport purposes, to Xxxxx County, or to any incorporated city within which the property such real property is located, and to the applicable school district. The mitigation payments shall be made to compensate the applicable jurisdiction for the fact that property will be owned for airport purposes, but will not produce revenue for the jurisdiction so long as it is held by Xxxxxxxxx or the New Airport.
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Mitigation Payments. The Parties will seek to recoup any costs of mitigating a Project Impact from the insurance outlined in this MOU. The County and the Harbor shall, in a timely manner, fully cooperate with the Renewal Corporation, and its contractors, subcontractors, consultants and representatives, to submit such claims, documentation or other information as may be required to any one or more insurance carriers responding to such claim. Provided that the County and the Harbor shall, in a timely manner, fully cooperate with the Renewal Corporation, and its contractors, subcontractors, consultants and representatives, in the submission of such claims, documentation and other information as may be required by any one or more insurance carriers, if such claim or claims are denied, in whole or in part, by the insurance carriers, then the Renewal Corporation shall bear the cost of mitigating a Project Impact (or portion thereof) that is not covered by insurance.
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Mitigation Payments. Developer shall make economic mitigation payments (“Mitigation Payments”) to the County as provided below:
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Mitigation Payments. The Tribe recognizes that as a direct result of the Project, the City of Monroe will, and surrounding governmental entities may, experience increased demands on resources and infrastructure. In order to mitigate potential negative impacts upon the resources and infrastructure of the City of Monroe, and other surrounding governmental entities, the Tribe agrees that it shall compensate the City of Monroe in an amount equal to 2.0% of the Tribe’s Net Revenues as defined in this agreement from the gaming facility, subject to the conditions set forth in sub-paragraph B of this Paragraph 1, commencing at such time as all Legal Requirements are met and the operation is open for business. At such time the Advisory Committee completes the funding of all necessary services, projects, and activities impacted by the Project as set forth in Paragraph 2 of this Agreement and subject to the adjustment to the Mitigation Payment as provided for in sub-paragraph B of this Paragraph 1, Monroe shall, in turn, distribute any remaining portion of the net proceeds that Monroe acquires from the Tribe pursuant to this Agreement as follows:
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Related to Mitigation Payments

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-SEVEN THOUSAND THREE HUNDRED SIXTEEN and 74/100 Dollars ($37,316.74) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Indemnification Payments The indemnification required by Sections 6.1 and Section 6.2 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred.

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one

  • Taxes on Payments (a) Except as otherwise expressly provided in this Section 2.12, all payments by the Borrower under this Agreement or any other Credit Document shall be made free and clear of, and without deduction for, any and all present or future federal, state, local and foreign taxes, levies, imposts, duties, deductions, fees, assessments, withholdings, or other charges of whatever nature and all interest, penalties and other liabilities with respect thereto, including withholding taxes imposed by any jurisdiction or any political subdivision thereof, but excluding (i) taxes imposed on a Lender’s overall net income and franchise taxes imposed on such Lender, in each case, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof and (ii) any taxes imposed on any “withholdable payment” payable to such recipient as a result of the failure of such recipient to satisfy the applicable requirements of FATCA (all such nonexcluded taxes, levies, imposts, duties, deductions, fees, assessments, withholdings, or other charges of whatever nature and all interest, penalties and other liabilities being referred to herein as “Indemnifiable Taxes”). If Indemnifiable Taxes are imposed in respect of any sum payable hereunder to any Lender, then (i) subject to the penultimate sentence of Section 2.12(e), the sum payable shall be increased by the amount necessary so that after making all required deductions such Lender shall receive an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make all required deductions and (iii) the Borrower shall pay the full amount deducted to the relevant taxing authority or other Governmental Authority in accordance with applicable law. For the avoidance of doubt, for purposes of this Section 2.12, “applicable law” includes FATCA.

  • Tax Treatment of Swap Payments and Swap Termination Payments For federal income tax purposes, each holder of a Floating Rate Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Net WAC Rate Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate Carryover Amount or the obligation to make payments to the Swap Account. For federal income tax purposes, the Trust Administrator will account for payments to each Floating Rate Certificates as follows: each Floating Rate Certificate will be treated as receiving their entire payment from REMIC III (regardless of any Swap Termination Payment or obligation under the Interest Rate Swap Agreement) and subsequently paying their portion of any Swap Termination Payment in respect of each such Class’ obligation under the Interest Rate Swap Agreement. In the event that any such Class is resecuritized in a REMIC, the obligation under the Interest Rate Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Swap Provider Fee), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Floating Rate Certificate. The REMIC regular interest corresponding to a Floating Rate Certificate will be entitled to receive interest and principal payments at the times and in the amounts equal to those made on the certificate to which it corresponds, except that (i) the maximum interest rate of that REMIC regular interest will equal the Net WAC Pass-Through Rate computed for this purpose by limiting the Swap Notional Amount of the Interest Rate Swap Agreement to the aggregate Stated Principal Balance of the Mortgage Loans and (ii) any Swap Termination Payment will be treated as being payable solely from Net Monthly Excess Cashflow. As a result of the foregoing, the amount of distributions and taxable income on the REMIC regular interest corresponding to a Floating Rate Certificate may exceed the actual amount of distributions on the Floating Rate Certificate.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Indemnity Payments In the event that either Party agrees to, or is determined to have an obligation to, reimburse the other Party for Losses as provided in this Article VIII, the Indemnifying Party shall promptly pay such amount to the Indemnified Party in U.S. Dollars via wire transfer of immediately available funds to the accounts specified in writing by the Indemnified Party.

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