Payments to the Developer for Infrastructure Improvements Sample Clauses

Payments to the Developer for Infrastructure Improvements. Upon acceptance of the Infrastructure by the City of ▇▇▇▇▇▇, the Developer may submit a reimbursement request to FEDC for the financial assistance along with a statement of Developer’s Qualified Expenditures including the Infrastructure Improvements design and construction. Within five (5) business days following FEDC’s receipt of Developer’s reimbursement request, FEDC shall verify the statement of Developer’s costs. Upon successful review and verification by FEDC, FEDC shall pay Developer an amount up to one million dollars ($1,000,000.00) for the design and construction and paving of onsite roadway facilities and related storm water drainage improvements. Payment shall be made within thirty (30) days following the receipt of such reimbursement request and shall be payable to Developer. Notwithstanding the payments described above, FEDC shall not be obligated for any amounts in excess of the stated lump sum financial assistance as it relates to the development of the Property.
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Payments to the Developer for Infrastructure Improvements. The Developer may submit a reimbursement request to FEDC for the financial assistance along with a statement of Developer’s Qualified Expenditures including the Infrastructure Improvements design, engineering and construction no more than once per month. Within five (5) business days following FEDC’s receipt of Developer’s reimbursement request, FEDC shall verify the statement of Developer’s costs and the City’s inspection and approval of any Infrastructure Improvements on the Property, which inspection and approval shall not be unreasonably withheld, conditioned, or delayed. Upon successful review and verification by FEDC, FEDC shall pay Developer an amount constituting 50% of the Developer’s Qualified Expenditures up to a maximum reimbursement of One Million Two Hundred and Fifty Thousand ($1,250,000.00) for the first fiscal year of the FEDC (October 1 through September 30) and One Million ($1,000,000.00) for each fiscal year thereafter up to a total maximum of the Program Grant as set forth in Paragraph 5(a)(1). Any Qualified Expenditures not reimbursed in one fiscal year because of the annual cap may be carried over for reimbursement in the next fiscal year. Payments by the City shall be made within thirty (30) days following the date of verification of Qualified Expenditures by the FEDC and shall be payable to Developer. Notwithstanding the payments described above, FEDC shall not be obligated for any amounts in excess of the stated lump sum financial assistance as it relates to the development of the Property.
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Related to Payments to the Developer for Infrastructure Improvements

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Installation, Maintenance, Testing and Repair Unless otherwise agreed in writing by the Parties, to the extent required by Applicable Law, Interconnection provided by a Party shall be equal in quality to that provided by such Party to itself, any subsidiary, affiliates or third party. If either Party is unable to fulfill its obligations under this Section 14.2, it shall notify the other Party of its inability to do so and will negotiate alternative intervals in good faith. The Parties agree that to the extent required by Applicable Law, the standards to be used by a Party for isolating and clearing any disconnections and/or other outages or troubles shall be at parity with standards used by such Party with respect to itself, any subsidiary, affiliate or third party.

  • Cost Responsibility for Interconnection Facilities and Distribution Upgrades 4.1 Interconnection Facilities 4.2 Distribution Upgrades

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK