SFMA definition
Examples of SFMA in a sentence
Provided however that, on or prior to the SFMA Appointed Date, the Facility Manager shall provide a report to Authority setting out the specific provisions of Schedule 2 (Scope of SFM Project) and Schedule 3 (Station Service Level Standards) that it would not be able to comply with, and request for a waiver or relaxation thereto.
This SFMA Performance Guarantee shall be kept valid and effective (including through necessary extensions and/ or renewals and/ or reinstatements thereof) until six months from the Termination of the SFM Agreement.
Without prejudice to the generality of the foregoing, it is expressly agreed and acknowledged that no adjustment or alteration of the License Fee payable under this SFM Agreement or Term of SFMA hereof, shall be permitted to the Facility Manager on account of any alteration or variation in the feasibility or viability of the SFM Project, or the any revenues/ returns therefrom.
Further, the Facility Manager shall, with effect from the SFMA Appointed Date, also pay all outgoings, cess, and other Taxes (including municipal Taxes), rates and other user charges whatsoever and all increases thereto, in respect of the Station Assets and Station Project Utilities.
Provided that the Maintenance Budget for the first Financial Year of the Term of SFMA may be provided on or prior to the SFMA Appointed Date.
In the event the Facility Manager fails to extend the SFMA Performance Guarantee, Authority shall be entitled to receive the amount thereunder and the Facility Manager shall, within the time so granted at the sole discretion of Authority, replenish the SFMA Performance Guarantee.
In such a case, the Facility Manager may be informed by the new selected party through Authority, prior to the expiry of the Term of SFMA, about the continuation of such Licensees, who shall continue to occupy the designated areas in the Station Area.
SFMA will send notices to the Funding Partners or their representatives approximately three months prior to each of the ten capital calls, which are expected to take place approximately one month prior to the Service Commencement Date and approximately every June and December thereafter (the “Capital Call Dates”).
Upon the occurrence of Section 8.01(e) (SFI, SFMA, JVS Material Breach; Bankruptcy), any non- breaching Party may elect to terminate this PFS Contract by providing notice of its intent to terminate to all other Parties.
This PFS Contract has been duly and validly executed and delivered by SFMA and constitutes the valid and binding obligation of SFMA, enforceable in accordance with its terms, except as enforcement may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or other Laws of general application affecting enforcement of creditors' rights generally, or (ii) Laws relating to the availability of specific performance, injunctive relief or other equitable remedies.