Payment of Reimbursable Borough Costs Sample Clauses

Payment of Reimbursable Borough Costs. Upon the Effective Date of this Agreement, the Redeveloper agrees to establish with the Borough’s chief financial officer an escrow account (the “Escrow Account”) having an initial balance of Twenty-Two Thousand Eight Hundred Fourteen Dollars ($22,814.00), which shall be transferred from the escrow amounts paid by Redeveloper in connection with its Preliminary Site Plan Application and from which the Reimbursable Borough Costs shall be paid. Prior to the Borough’s withdrawal of funds from the Escrow Account for the payment of Reimbursable Borough Costs, the Borough shall provide the Redeveloper with a copy of each and every invoice reflecting the Borough Costs to be paid. Unless the Redeveloper provides a written objection within twenty (20) days of its receipt of any such copy of an invoice stating that any invoiced item is not a valid Reimbursable Borough Cost pursuant to the terms of this Agreement, the Borough shall be free to withdraw funds from the Escrow Account for the payment of such invoiced services; provided however, that the Redeveloper's failure to object within such twenty (20) calendar days shall not be a waiver of Redevelopers rights to dispute such payment. If, when and as often as it may occur that the escrow account is drawn down to or below Seven Thousand Five Hundred Dollars ($7,500.00), the Borough shall so notify the Redeveloper in writing, and the Redeveloper shall immediately thereafter provide to the Borough an amount sufficient to replenish the Escrow Account to Twenty Thousand Dollars ($20,000.00) for use in accordance with the terms of this Agreement. The Redeveloper shall also have the right to request a decrease in the balance required on the Escrow Account as the Project progresses, which request shall not be unreasonably denied by the Borough. The Redeveloper agrees that upon execution of this Agreement and deposit of the escrow the Borough shall be reimbursed its actual costs, not to exceed a maximum of Fifteen Thousand Dollars ($25,000.00), for costs related to the Project incurred by the Borough prior to and including the Effective Date.
Sample 1
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Related to Payment of Reimbursable Borough Costs

  • REIMBURSEMENT OF FEES AND COSTS The Parties acknowledge that Xxxxxxxx and his counsel offered to reach preliminary agreement on the material terms of this dispute before reaching terms on the amount of fees and costs to be reimbursed to them. The Parties thereafter reached an accord on the compensation due to Xxxxxxxx and his counsel under general contract principles and the private attorney general doctrine and principles codified at California Code of Civil Procedure § 1021.5, for all work performed through the mutual execution of this agreement. Under these legal principles, X. Xxxxx shall reimburse Xxxxxxxx’x counsel for fees and costs incurred as a result of investigating and bringing this matter to X. Xxxxx’x attention, and negotiating a settlement in the public interest. Within ten (10) days of the Effective Date, X. Xxxxx shall issue a check payable to “Xxxxxxx Xxxxx” in the amount of $16,500.00 for delivery to the address identified in Section 3.2(a)(i), above.

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

  • Compensation for Reimbursable Expenses 11.8.1 Reimbursable Expenses are in addition to compensation for Basic, Supplemental, and Additional Services and include expenses incurred by the Architect and the Architect’s consultants directly related to the Project, as follows:

  • Payment of Fees and Expenses Borrower shall have paid to Lender all fees, charges, and other expenses which are then due and payable as specified in this Agreement or any Related Document.

  • Non-Reimbursable Expenses In addition to the non-reimbursable items set forth above in this Policy, the following is a non-exhaustive list of expenses that will not be reimbursed by Xxxxxxxxxx County:

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Reimbursable Expenses; Maximum Total Payment; Invoicing District will make no payment until this Contract is fully executed by the authorized representatives of both parties.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

  • CONTRACT LIMIT, FEES AND EXPENSES changing the not-to-exceed amount of the Contract from ONE MILLION SEVEN HUNDRED NINTY THOUSAND DOLLARS AND ZERO CENTS ($1,790,000.00) to TWO MILLION ONE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($2,100,000.00), as approved by the Executive Director on October 22, 2021.

  • Payment of Fees and Charges 3.1 The Participant shall pay to the Service Provider the fees and charges as long as this Agreement continues in force.

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