Plan of Finance. The PID shall implement the Plan of Finance attached to this Agreement as Exhibit in accordance with the Formation Documents.
Plan of Finance. The District shall utilize all express and implied authority granted by the Act, the City PID Application Guidelines, and the Formation Resolution to implement the DGP and the Plan of Finance. In doing so, the Parties intend for the District to spend any District Special Levy revenues received in accordance with the DGP and the Plan of Finance and not unnecessarily accumulate District Special Levy revenues unless otherwise contemplated by this Agreement.
Plan of Finance. The Owner will arrange to finance the costs of the Project in a manner that results in the availability of funds in the amounts and at the times required to meet the projected needs for the Project. The Owner will include in its annual budget proposals amounts reasonably necessary to finance the entire Project. The Owner will provide reasonable evidence of funding for the Project to the Design-Builder upon its request.
Plan of Finance. The School Board will use its best efforts to arrange financing for the costs of the Project in a manner that results in the availability of funds in the amounts and at the times required to meet the projected needs for the Project.
Plan of Finance. The proceeds of the Series 2016B Bond will be used to undertake the Plan of Finance, as described above. The Series 2007 Bonds were originally issued by the Issuer for the purpose of (1) refunding (a) all of the Issuer's Residential Care Facility Mortgage Revenue Refunding Bonds (Westminster-Canterbury of the Blue Ridge), Series 1999 Bonds (the "Series 1999 Bonds"), and (b) a portion of the Issuer's Residential Care Facility Mortgage Revenue Bonds (Westminster Canterbury of the Blue Ridge), Series 2001A Bonds (the "Series 2001A Bonds"), and (2) pay a portion of expenses incurred in connection with the issuance of the Series 2007 Bonds The Series 2001A Bonds were originally issued by the Issuer for the purpose of (1) financing or refinancing (a) the acquisition, construction and equipping of improvements at the Borrower's facility, and (b) certain renovations to the existing facility, including renovations to the library, dining and resident service areas, (2) financing interest costs on a portion of the Series 2001A Bonds during construction and for up to one year thereafter, (3) financing a debt service reserve fund, (4) providing reimbursement of costs previously incurred in connection with constructing a catered living building, cottages and renovations and improvements to the Borrower's facility, and (5) paying a portion of expenses incurred in connection with the issuance of the Series 2001A Bonds The outstanding Series 2007 Bonds are referred to herein as the "Refunded Bonds".
Plan of Finance. The City will arrange to finance the costs of the Project in a manner that results in the availability of funds in the amounts and at the times required to meet the projected needs for the Project, subject to annual appropriation. The City will provide reasonable evidence of funding for the Project to Contractor upon its request.
Plan of Finance. Herndon, through the Xxxxxxx Town Manager, shall request that the Xxxxxxx Town Council either (1) include in its annual operating or capital budget or (2) finance or cause financing of the those amounts it is obligated to pay Xxxxxxxx for the Project in accordance with this Article 6 in a manner that results in the availability of funds in the amounts required herein by Closing.
Plan of Finance. The Owner intends to finance the costs of the Project through funds received from the City of Fredericksburg in the amounts and at the times required to meet the projected needs for the Project. The Parties recognize and acknowledge that financing of the Project depends on the sale of general obligation bonds by the City of Fredericksburg. This Agreement is contingent on the appropriation of funds by the City Council of the City of Fredericksburg. The School Board’s obligation under this Agreement will automatically terminate if it does not receive contributions from the City of Fredericksburg necessary to completely fund the Project.
Plan of Finance. The Parties shall prepare a formal Plan of Finance based upon the cost estimate for Construction Phase 1. The Plan of Finance shall, among other things, detail provisions for City and third-party funding of the Project, including development partners, sponsors, and donors. The Plan of Finance shall be approved by both the City Council and Society as part of the Project approvals. The Parties will ultimately rely on the Plan of Finance as a basis for the Management Operating Agreement that the Parties intend to enter into prior to Project construction.
Plan of Finance. 4.1 Facility Costing Winter 23 1.4 Society TBD (design firm) Xxxxxx-Xxxx Society 4.2 Capital Campaign Summer 22-Fall 26 3.1 Society Society 4.3 Updated Operating Pro Forma Winter 23 1.4, 3.1 Society RS&S Society
