Contribution Requirement definition
Examples of Contribution Requirement in a sentence
It shall be a condition to the City’s issuance of building permits for the Project that the Developer shall pay its Fair Share Contribution Requirement for the “Intersection and Street Improvements” as defined in and set forth on Exhibit L-2 attached hereto.
As part of the Fair Share Contribution Requirement, City and Developer shall coordinate on the timing of funding from Developer to ensure the Developer’s contribution of its proportionate share so the City has the funding available for the improvements when they are ready for construction; Developer will also fund at City’s request a City commissioned fair share allocation study to determine the appropriate fair share amounts of the projects in the Intersection Study Area.
In addition to assessing the Developer’s intersection improvement obligation, the Fair Share Contribution Requirement shall also apply to pending and future projects located in and around the Intersection Study Area that have not already obtained a vested development right, including but not limited to those related projects identified and evaluated in the 2022 SEIR for cumulative impact study purposes.
Subject to reimbursement from other projects that are also required to pay the Fair Share Contribution Requirement for the Intersection and Street Improvements, including the payment for acquisition of additional right-of-way, the Developer shall work with City and use its best efforts to ensure that as many as the above referenced Intersection and Street Improvements are funded and completed prior to issuance of any Certificate of Occupancy for the buildings within PA3(a).
Investor agrees that, subject to the fulfillment of the conditions set forth in Sections 8.1 and 8.3 of the Contribution Agreement (including, without limitation, the satisfaction of the Minimum Contribution Requirement, as such term is defined in the Contribution Agreement), Investor shall contribute to Merger Sub the amount of cash and shares of Common Stock specified on Schedule A to the Contribution Agreement.
At the request of HS, at any time on or after the Closing Date, JVP and KinderHawk shall promptly execute and deliver such further agreements or other documents as reasonably requested by HS to evidence their agreement, waiver and release of HS with respect to any obligation by HS to pay or otherwise fund the HS Released Contribution Requirement.
The County may amend the Plan not more than once annually to change the Contribution Requirement, but in no event shall the Contribution Requirement exceed six and one-half percent (6.5%).
In the event that, on or prior to the date of such Credit Event, the amount of the Initial Equity Contribution is less than the Equity Contribution Requirement, Lender shall have received evidence from Borrower reasonably satisfactory to Lender (including copies of invoices and other documentation) that Borrower has contributed for the payment of Project Costs an amount equal to the difference between (i) the Equity Contribution Requirement less (ii) the Initial Equity Contribution.
The Contribution Requirements are met if (i) the Matching Contribution Requirement is met, or (ii) TOM ▇▇▇▇▇, ▇▇C.
The Total Percentage Contribution Requirement (Employer rate prior to Fire Insurance Tax offset) is documented on the Contribution Transmittal Form sent to PSRS by the City each pay period.