Subsidy Agreement Sample Clauses
A Subsidy Agreement clause defines the terms under which one party provides financial assistance or support to another party, typically to help offset costs or encourage certain activities. This clause outlines the amount, timing, and conditions of the subsidy, such as performance milestones or reporting requirements that must be met to receive funds. Its core practical function is to formalize the arrangement for financial support, ensuring both parties understand their obligations and reducing the risk of disputes over funding.
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Subsidy Agreement. An agreement between the Company and a Mortgagor, or an agreement among the Company, a Mortgagor and an employer of a Mortgagor with respect to a Mortgage Loan which provides for the application of Subsidy Funds and pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor.
Subsidy Agreement. The amount of subsidy shall be negotiated between the department and the guardian and shall be based upon the needs of the child and the circumstances of the family.
Subsidy Agreement. Developer must agree to create at least 5 full-time equivalent jobs within two years after completion of the hotel, and all such jobs must be at the Rice County median wage for the hospitality industry, or the “living wage” (as defined in the city’s business subsidy policy), whichever is higher. Further specifics to be negotiated,
Subsidy Agreement. A. In granting a business subsidy, the City shall enter into a subsidy agreement with the recipient that provides the following information: wage and job goals (if applicable), commitments to provide necessary reporting data, and recourse for failure to meet goals required by the Statues.
B. The subsidy agreement may be incorporated into a broader development agreement for a project.
C. The subsidy agreement will commit the recipient to proving the reporting information required by the Statues.