Participation charge definition
Participation charge means any payment to the authority that a borrower is required to make under a participation agreement.
Participation charge. , means the Sewer Participation Charge as contained in Section 3 of SPMUD Sewer Use Ordinance No. 09-02, also known as a fee, connection fee, participation fee or developer impact fee, shall mean the sum paid to the District in lawful money of the United States by any person, for the privilege of connecting to the District’s facilities, whether such connection is voluntary or mandatory, to be used to fund the fair share portion of the cost of construction of the trunk sewer upgrades and expansion facilities that have been identified by the District’s System Evaluation and Capacity Assurance Plan (SECAP) as necessary to serve new development within the District’s service area boundaries.. The District's facilities shall include local collection systems, trunk lines, and capacity.
Participation charge means the charge calculated pursuant to Clause 13.7. “Payment Split” has the same meaning as in the Family Law Act 1975.
More Definitions of Participation charge
Participation charge means the amount equal to the Project Participation Principal Amount multiplied by the Participation Rate. An estimate of the Participation Charge based on the Maximum Project Participation Principal Amount and the Participation Rate is specified on the Term Sheet beneath the Maximum Project Participation Principal Amount. If the Contract Period of Years commences prior to the final determination of the Project Participation Principal Amount, the Participation Charge shall be based upon the best figures available at the time the computation of each semi-annual payment is required to be made. When such final costs are known, the Participation Charge shall be recomputed and the next following semi-annual payment shall be either increased or decreased by a factor sufficient to correct for any overpayment or underpayment through the date of such recomputation so that the total amount received by OWDA over the Contract Period of Years will be the same amount as would have been received had the final Project Participation Principal Amount been used in computing the Participation Charge at the commencement of the Contract Period of Years. The interest during the acquisition of the Project Facilities computed at the Contract Interest Rate shall, however, be computed based on the then existing cost allocations at the time of such computation and shall not be recomputed.
Participation charge means the amount equal to the Project Participation Principal Amount multiplied by the Participation Rate. An estimate of the Participation Charge based on the Maximum Project Participation Principal Amount and the Participation Rate is specified on the Term Sheet beneath the Maximum Project Participation Principal Amount.
Participation charge means the amount set by the board to be paid