Approved Municipal Programs definition
Examples of Approved Municipal Programs in a sentence
The purpose of this Allocation is to carry out the Approved Municipal Program(s) as described in Annex 1 attached hereto, which is/are incorporated herein by reference.
Reporting this data for subsequent years allows the SSBCI to determine program effectiveness in achieving the Participating Municipalities’ projected 10 to 1 private leveraging expectation across all Approved Municipal Programs and the projected 1 to 1 private leveraging requirement for each Approved Municipal Program that is an OCSP.
WSCN shall pay all reasonable out-of- pocket costs and expenses (including, without limitation, attorneys' fees, audit fees, compliance review fees and other professional fees) incurred by the Participating Municipalities (as a group) in connection with the preparation, review, approval, execution and delivery of the Application, the Allocation Agreement and this Agreement and the administration of the Allocation Agreement, this Agreement and the Approved Municipal Programs.
The purpose of the Allocation is to assist the Participating Municipalities to increase the amount of capital made available by private lenders to small businesses through its Approved Municipal Programs.
WSCN hereby agrees to be bound by all terms and conditions set forth in the Application relating to the Allocated Funds and the implementation of the Approved Municipal Programs.
However, Participating Municipalities must also include in their annual report the amount of subsequent private financing (that is caused by or resulting from the initial OCSP loan or investment) for every previously closed OCSP loan or investment if Total Cumulative Private Financing Generated by all Approved Municipal Programs, as reflected in its annual report, is less than 10 to 1.
Each Participating Municipality has designated the particular office identified in Annex 8 opposite the name of the respective Participating Municipality to implement the respective Participating Municipality’s Approved Municipal Programs in accordance with the Cooperative Agreement.
The Participating Municipalities hereby engage WSCN to administer certain aspects of the Approved Municipal Programs on behalf of the Participating Municipalities.
In the application dated, July 20, 2012, the Participating Municipalities identified the Wyoming Smart Capital Network (WSCN), as a contracting entity which would be administering specific aspects of the Approved Municipal Programs.
Neither WSCN nor any of its equityholders, officers, employees, managers or directors shall be required to contribute any of its own funds in order to implement any of the Approved Municipal Programs.