Funding Commitment definition

Funding Commitment means commission approval of the use of RISE funds for a project.

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Funding Commitment has the meaning set forth in Section 2.2(b).

Funding Commitment means a written commitment by the City to provide a tax exemption upon completion of Eligible Work and fulfilment of the terms of this Agreement;

Examples of Funding Commitment in a sentence

• GRANTEE Funding Commitment, if any, must be spent in direct proportion to the Funds with each quarter’s payment.

• Any Funds expended by GRANTEE prior to the Effective Date of this FA shall not be reimbursed nor shall they be credited toward the GRANTEE Funding Commitment requirement, without the prior written consent of LACMTA.

• If, at the time of final invoice or voucher, funding for the Project (including the Funds, GRANTEE Funding Commitment, and any additional funding) exceeds the actual Project costs, then the cost savings shall be applied in the same proportion as the sources of funds from each party to this FA as specified in the Project Funding and both the Funds and GRANTEE Funding Commitment required for the Project shall be reduced accordingly.

• The Project right- of-way, the Project facilities constructed or reconstructed on the Project site, and/or Project property purchased, excluding construction easements and excess property (whose proportionate proceeds shall be distributed in an equal proportion of the grant to GRANTEE Funding Commitment ratio), shall remain dedicated to public transportation use in the same proportion and scope and to the same extent as described in this FA.

• GRANTEE Funding Commitment dollars expended prior to the year the Funds are awarded shall be spent at GRANTEE’s own risk, or as delineated in a Letter of No Prejudice executed by the prospective GRANTEE and LACMTA.

More Definitions of Funding Commitment

Funding Commitment means the aggregate principal amount of the loans or advances that Beneficiary is obligated to make to Producer to fund Production and Delivery under (and subject to the terms and conditions of) the Funding Agreement and the other Funding Documents (excluding therefrom the aggregate amount of the reserve for Interest and Charges and any collateral holdback or other holdbacks or reserves, if any, specified in the Funding Agreement).

Funding Commitment means projects funded for construction in the current year plus one of an adopted work program, or committed by private sources which can include the Developer*, for construction with funding provided within one year.

Funding Commitment means, with respect to an LC Bank, the then available stated amount of its respective Credit Facility plus the principal amount of Advances evidenced by its Revolving Note.

Funding Commitment means, as to each Variable Funding Note Noteholder, the obligation of such Variable Funding Note Noteholder to fund its ratable share of Advances, on the Closing Date and on each Advance Date, up to but not exceeding the amount set forth under such Variable Funding Note Noteholder’s name on its signature page to the Note Purchase Agreement, or the most recent Joinder Agreement, as applicable.

Funding Commitment has the meaning set forth in Section 5.21(a).

Funding Commitment means the funding commitment described in Clause 9.

Funding Commitment means MSHA’s official notification to an Applicant indicating that its application has been approved and stating the terms of a prospective financing.