Authority Contribution definition

Authority Contribution. [has the meaning given to such term in the Development Agreement] [shall mean ].

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Authority Contribution shall have the meaning set forth in Section 6(a) below. “Authorized Representatives” shall have the meaning set forth in Section 3(b) below. “Bond Construction Proceeds” has the meaning set forth in Exhibit H.

Authority Contribution means the amount not to exceed Eight Hundred Thousand Dollars ($800,000.00) consisting collectively of the following: (a) payment by the Authority to Developer for the acquisition of certain right-of-way in the amount of One Hundred Fifty Thousand, Five Hundred Twenty Nine Dollars ($150,529.00), (b) a cash contribution by the Authority to reimburse the payment by Developer to the City of Arvada of certain park fees in the amount of Two Hundred Thirty-Six Thousand, Eight Hundred Twenty Eight Dollars ($236,828.00) upon commencement of construction of the Project, and (c) reimbursement of property tax increment generated by the Redevelopment Property through the year 2028;

Examples of Authority Contribution in a sentence

• If StadCo collects any liquidated damages from the Design Builder or such other contractor or pursuant to the Design-Build Agreement or such other contract, as applicable, for a delay in achieving Substantial Completion of the Project Improvements Work, then StadCo will promptly (and in no event within less than five (5) days after receipt thereof) pay to the Authority such liquidated damages in the same proportion as the Authority Contribution Amount bears to the aggregate of the Project Contributions.

• Resident A would need to arrange for any Guarantor and Third Party Contributor (if any) to enter into a Local Authority Contribution Agreement (see clauses 5.1 to 5.8) to pay the balance of £550 per week or, if clause 5.4 applies, Resident A enters into a Local Authority Contribution Agreement to pay the balance of £550 per week, in each case as from 1 February 2021.

• The cost to retain the Authority Construction Representative shall be paid as part of the Project Budget out of the Authority Contribution Amount.

• StadCo and the Authority separately shall direct in writing to the Trustee such investments in the StadCo Contribution Trust Account (and related Subaccounts) and the Authority Contribution Trust Account (and related Subaccounts), respectively.

• This has taken into account land contributions and also KCC’s Authority Contribution to the Unitary Charge.

More Definitions of Authority Contribution

Authority Contribution means, in relation to an Authority, the Authority Proportion relating to such Authority multiplied by the Shortfall Amount, provided that no Authority shall be liable to make an Authority Contribution if and to the extent that the aggregate amount that would have been paid by such Authority pursuant to all Authority Contributions and not otherwise recovered by such Authority would exceed the higher of (A) its Outstanding Loan Amount as at the date falling 10 Business Days prior to the date on which the related amount is due under the relevant Finance Company Document (ignoring any grace period); and (B) its Outstanding Loan Amount as at the date falling 10 Business Days prior to the date on which the amount was due under the relevant Finance Company Document (ignoring any grace period) which related to the first Authority Contribution required to be made by such Authority.

Authority Contribution means a maximum of $132,500.00 based on the Project Costs. This represents approximately 62.6774% of the total Project Costs of $211,400.00 with the remaining balance to be provided by the Recipient (see Recipient Contribution) provided, however, that the total Authority Contribution shall not exceed the dollar amount equal to two thirds (2/3) of the Project Costs (as defined below). A reduction in the Project Costs will reduce the Authority Contribution on a pro- rata basis. An increase in the Project Costs will not increase the Authority Contribution but will be an obligation of the Recipient. CC (Recipient’s Initials)

Authority Contribution means up to $4,365,000.00; provided, however, that the Authority Contribution shall be no more than two-thirds of the Project Costs.

Authority Contribution means a maximum of $219,800.00 based on the Project Costs. This represents approximately 66.6061% of the total Project Costs $330,000.00 with the remaining balance to be provided by the Recipient (see Recipient Contribution) provided, however, that the total Authority Contribution shall not exceed the dollar amount equal to two thirds (2/3) of the Project Costs (as defined below). A reduction in the Project Costs will reduce the Authority Contribution on a pro- rata basis. An increase in the Project Costs will not increase the Authority Contribution but will be an obligation of the Recipient. (Recipient’s Initials)

Authority Contribution means the Authority’s one-hundred and fifty-

Authority Contribution shall have the meaning set forth in the Development Agreement. “Authority Event of Default” shall have the meaning set forth in Section 18.1.

Authority Contribution means a maximum of $27,000 based on the Project Costs. This represents approximately 47% of the total project costs of $57,000 with the remaining balance to be provided by the Recipient (see Recipient Contribution); provided, however, that the total Authority Contribution shall not exceed the dollar amount equal to two thirds of the Project Costs (as defined in subsection (i) below). A reduction in the Project Costs will reduce the Authority Contribution on a pro-rata basis. An increase in the Project Costs will not increase the Authority Contribution but will be an obligation of the Recipient.(Grantee Initials)