RACP definition
Examples of RACP in a sentence
The SUB-GRANTEE agrees to reimburse the AUTHORITY and the TOWNSHIP for any attorneys’ fees and costs that it incurs relative to this Agreement and the administration of the RACP Grant.
The SUB-GRANTEE understands that the AUTHORITY is serving as a conduit for the RACP Grant and that any costs and expenses not otherwise reimbursed to the Authority of any nature whatsoever, incurred by the AUTHORITY in the administration of this RACP Grant pursuant to the OB Agreement and this Agreement are the responsibility of the SUB-GRANTEE, either to be paid directly by the SUB-GRANTEE or to be reimbursed to the AUTHORITY if the AUTHORITY has to pay such costs and expenses.
GRANTEE shall not, under any circumstance, make any claims or demands of or against the AUTHORITY relating to this Agreement, the RACP Grant and/or the Project.
The Authority Fee shall be paid in full to the AUTHORITY at the time the first installment of RACP Grant funds are distributed.
If the PA RACP Grant is awarded to the Company, Parent shall pay, ten (10) Business Days after receipt of Grant Funds, to each Seller, a cash payment equal to such Seller’s Pro Rata Share of forty (40%) percent of the amount of the Grant Funds actually received by the Company under such PA RACP Grant award (collectively with the Earn-out Payment and the Bonus Earn-out Payment, the “Post-Closing Payments”).
No portion of the AUTHORITY’S commitment to make the RACP Grant will, at any time, be subject to attachment or levy by any creditor of the SUB-GRANTEE or by any contractor, subcontractor, materialman or supplier or any creditor of any such contractor, subcontractor, materialman or supplier.
CBH acquired RACP from RimAsia pursuant to a Stock Purchase Agreement and a Conditional Stock Purchase Agreement dated May 29, 2006 and a Deed of Accession dated June 30, 2006 (the "Deed of Accession"), and thereby RACP became a wholly-owned subsidiary of CBH and the Loan was assumed by CBH in June 2006.
The SUB-GRANTEE acknowledges that use of the RACP Grant obligates it to comply with the requirements of the OB Agreement, the Act and any laws and regulations issued pursuant thereto.
Failure of the SUB-GRANTEE to observe or perform any condition, duty, obligation, covenant, agreement, warranty or undertaking required of the SUB-GRANTEE under this Agreement or any of the responsibilities it is assuming under the OB Agreement in connection with the RACP Grant.
A condition precedent to the Authority’s obligation to transfer the Cricket Lot to the Developer and to the Township’s obligation to ask the Authority to request that the Commonwealth of Pennsylvania make available to the Developer a portion of the RACP Grants, is Guarantor’s execution and delivery to the Authority and the Township of this Guaranty.