Authority Payments definition
Examples of Authority Payments in a sentence
For the sole purposes of determining the fee payable in connection with the deed of elevation and the recordation of the Agreement pursuant to Article 2 of the P.R. Mortgage and Property Registry Law, the Parties agree that the Leasehold Fee, the Annual Authority Payments and the Annual Authority Revenue Share will be allocated to each year of the Term in the manner set forth in Schedule 16.
In the event that the Estimate has been confirmed by the Authority, then the adjustment to the Annual Licence Fee, Operator Payments or Authority Payments shall be calculated in accordance with clause 44 (Financial Adjustments).
The Lessee shall pay for the Cost of Port Authority Construction Inspection by having such amount deducted from the amount of the Port Authority Payments made to the Lessee by the Port Authority pursuant to Section 87 hereof and as provided for in such Section 87.
Responsibility for the costs of implementation (and any resulting variation to the Annual Licence Fee, Operator Payments or Authority Payments) shall be dealt with in accordance with clauses 32.3 (Parties to Discuss) to 32.6 (Adjustment to Annual Licence Fee).
Port Authority Payments For the Cost of the Redevelopment Work........................................................
Borrower shall pay to Lender, as assignee of Authority, Payments in the amounts and at such times as set forth in Section 4.01 and as set forth in Exhibit G hereof.
Where for the purposes of this clause 44 (Financial Adjustments) the Annual Licence Fee, Operator Payments or Authority Payments is to be adjusted by reference to a Relevant Event, this shall be carried out by the Operator, in consultation with the Authority, to reflect the impact of the Relevant Event in respect of which such adjustment is being undertaken, including the effect of estimated Change in Costs.
Upon such 232 termination, neither the City nor the Authority shall have any obligation to make any further 233 Authority Payments to the Developer.
Contracting Authority agrees to pay the Additional Contracting Authority Payments as Project Co may direct in accordance with any such direction.
This Agreement shall survive and remain in full force and 290 effect until all Authority Payments and/or indemnity payments under this Agreement have been 291 made.