Common use of Other Revenue Clause in Contracts

Other Revenue. If Manager collects any funds other than Assessments (“Other Revenue”), such Other Revenue shall not be subject to the provisions in this Agreement, unless Manager uses or obligates Assessments towards: (a) any portion of the proposed activity or improvement to which Manager proposes the expenditure of Other Revenue; or (b) any Manager staff time or resources paid for with Assessments or SBEP grant funds (in whole or in part) are used for the proposed activity or improvement to which Manager proposes the expenditure of Other Revenue, including facilitating committee or Board of Directors discussions, implementing the proposed activity or improvement, soliciting goods or services necessary for implementation of the proposed activity or improvement, or accounting or reporting on the proposed activity or improvement. Notwithstanding the immediately preceding sentence, Manager’s expenditure of Assessments or SBEP grant funds for generating reports about collection or expenditure of Other Revenue in accordance with the requirements of this Agreement shall not, by itself, subject such Other Revenue to the provisions of this Agreement.

Appears in 6 contracts

Samples: Improvement District Management Agreement, Improvement District Management Agreement, Improvement District Management Agreement

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Other Revenue. If Manager collects any funds other than Assessments ("Other Revenue"), such Other Revenue shall not be subject to the provisions in this Agreement, unless Manager uses or obligates Assessments towards: (a) any portion of the proposed activity or improvement to which Manager proposes the expenditure of Other Revenue; or (b) any Manager staff time or resources paid for with Assessments or SBEP grant funds (in whole or in partpaii) are used for the proposed activity or improvement to which Manager proposes the expenditure of Other Revenue, including facilitating committee or Board of Directors discussions, implementing the proposed activity or improvement, soliciting goods or services necessary for implementation of the proposed activity or improvement, or accounting or reporting repo11ing on the proposed activity or improvement. Notwithstanding the immediately preceding sentence, Manager’s 's expenditure of Assessments or SBEP grant funds for generating reports about collection or expenditure of Other Revenue in accordance with the requirements of this Agreement shall not, by itself, subject such Other Revenue to the provisions of this Agreement.

Appears in 1 contract

Samples: Improvement District Management Agreement

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