Reimbursement of Expenses Upon Regional Desalination Project Cessation Sample Clauses

Reimbursement of Expenses Upon Regional Desalination Project Cessation. If, for any reason the Regional Desalination Project does not reach Substantial Completion or reaches Substantial Completion, but Acceptance is unable to be achieved within twenty-four (24) months of Substantial Completion after diligent efforts by the Parties to achieve such Acceptance (including pursuing remedies against any responsible third-parties), including without limitation due to CAW’s election of its termination option set forth in Section 4.3(e), a Permit Failure, a Financing Failure or other Force Majeure event (any of the foregoing, a “Regional Desalination Project Cessation”), CAW shall have the obligation to (i) reimburse each of MCWD and MCWRA for any and all costs or expenses including without limitation Initial Capital Costs incurred under this Agreement in connection with the Regional Desalination Project incurred by either such Party through and including the date of such Regional Desalination Project Cessation and which are not paid for from the proceeds of the Indebtedness,
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Reimbursement of Expenses Upon Regional Desalination Project Cessation. If, for any reason the Regional Desalination Project does not reach Substantial Completion or reaches Substantial Completion, but Acceptance is unable to be achieved within twenty-four (24) months of Substantial Completion after diligent efforts by the Parties to achieve such Acceptance (including pursuing remedies against any responsible third-parties), including without limitation due to CAW’s election of its termination option set forth in Section 4.3(e), a Permit Failure, a Financing Failure or other Force Majeure event (any of the foregoing, a “Regional Desalination Project Cessation”), CAW shall have the obligation to (i) reimburse each of MCWD and MCWRA for any and all costs or expenses including without limitation Initial Capital Costs incurred under this Agreement in connection with the Regional Desalination Project incurred by either such Party through and including the date of such Regional Desalination Project Cessation and which are not paid for from the proceeds of the Indebtedness, (ii) pay the cost of retiring or prepaying the Indebtedness including by utilizing the unexpended proceeds of the Indebtedness and any interest earnings thereon, and (iii) to the extent that either MCWD or MCWRA is indebted to CAW in connection with the Regional Desalination Project, by means of promissory note, any CAW Financing or otherwise, at the time of such Regional Desalination Project Cessation, CAW shall also forgive both the principal and interest components of any and all such indebtedness; provided, however, that (x) if the cause of any Regional Desalination Project Cessation is directly due to an Event of Default of MCWD or MCWRA, the defaulting Party responsible for such Regional Desalination Project Cessation shall not be entitled to reimbursement of its costs and expenses and such Party (rather than CAW) shall be liable to MCWRA or MCWD, whichever is not the defaulting Party, for such non-defaulting Party's costs described in this Section 7.4 above, and (y) the CPUC in approving this Agreement has approved the recovery by CAW from ratepayers in rates of the amount of reimbursement and/or debt forgiveness for such costs and expenses, which recovery shall be on terms reasonably acceptable to CAW. In addition, nothing contained in the foregoing shall limit any Party's liability for an Event of Default by such Party. The Parties shall diligently seek recovery of all costs and expenses incurred prior to a Regional Desalination Project Cessation. Upon th...

Related to Reimbursement of Expenses Upon Regional Desalination Project Cessation

  • Reimbursement of Expenses Associated with Security Breach In the event of a Security Breach that is attributable to the Provider, the Provider shall reimburse and indemnify the LEA for any and all costs and expenses that the LEA incurs in investigating and remediating the Security Breach, without regard to any limitation of liability provision otherwise agreed to between Provider and LEA, including but not limited to costs and expenses associated with:

  • Professional Development Reimbursement Management will provide reimbursement for approved professional development expenses for Lieutenants and Sergeants. Funds may be used for the purpose of improving job performance, maintaining and increasing proficiency, preparing Lieutenants and Sergeants for greater responsibility, or increasing promotional opportunities. Management must approve of the specific professional development request in advance. Denial will require written notification to the requesting Lieutenant or Sergeant.

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  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK Firms and/or individuals that assisted in the development or drafting of the specifications, requirements, statements of work, or solicitation documents contained herein are excluded from competing for this solicitation. This shall not be applicable to firms and/or individuals providing responses to a publicly posted Request for Information (RFI) associated with a solicitation.

  • Reimbursement of Expenses The Company shall reimburse Executive, upon presentation of proper expense statements, for all authorized, ordinary and necessary out-of-pocket expenses reasonably incurred by Executive during the Term in connection with the performance of his services pursuant to this Agreement hereunder in accordance with the Company’s expense reimbursement policy.

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  • Obligation to Provide State Access to Grant Records The Grantee must make all grant records of expenditures, copies of reports, books, and related documentation available to the Division or a duly authorized representative of the State of Florida for inspection at reasonable times for the purpose of making audits, examinations, excerpts and transcripts.

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