3% Contribution definition

3% Contribution means the three percent contribution local jurisdictions are required to pay towards the cost of a major Measure M rail project, as defined in Recital D.
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Examples of 3% Contribution in a sentence

  • A draft of the Contribution Agreement, including a draft deed of issue of Shares A, is attached hereto as Schedule 3 (Contribution Agreement).

  • For the avoidance of doubt, the Amendment No. 3 Contribution and Exchange shall be deemed not to be an issue or sale of the Capital Stock of Holdings or a Restricted Subsidiary or otherwise a contribution to the Company for any other purpose hereunder.

  • Not later than one hundred twenty (120) days prior to the Exit #3 Bid Date and within thirty (30) days after the Owner’s receipt of the written request from the SCDOT, the Owner shall transfer the Exit #3 Contribution to SCDOT by general warranty deed.

  • On the fifth (5th) Business Day (or such later date as may be reasonably agreed by the Borrower) after the consummation of the Amendment No. 3 Contribution and Exchange, (x) the Parent Borrower shall terminate its eligibility to request Revolving Credit Borrowings, shall cease to be the Parent Borrower or a Borrower hereunder and shall cease to be a Guarantor under the Guaranty and (y) the Amendment No. 3 Guarantor shall cease to be a Guarantor under the Guaranty.

  • Subject to the provisions of this Section 1.2 of the Trust Agreement, each Participant's Subaccount shall be substantially equivalent in value to the three Subaccounts (i.e., Deferred 3 Contribution, Matching Contribution and Supplemental Contribution Subaccounts) established under the Plan for each Participant.

  • Employer Contribution shall be 12% with Employee 3% Contribution per pay period.

  • VACATIONS 68 Section 19 .1 Eligibility 68 Section 19 .2 Vacation Pay 68 Section 19 .3 Probation 69 Section 19 .4 Vacation Schedule 70 Section 19 .5 Vacation Pay 70 ARTICLE 20 HEALTH/DENTAL/ LIFE INSURANCE 70 Section 20 .1 Provision 70 Section 20 .2 Eligibility 71 Section 20 .3 Contribution 71 Section 20 .4 Domestic Partner 71 Section 20 .5 Life Insurance 72 ARTICLE 21 .