Project Development Loan Sample Clauses

Project Development Loan. Subject to the terms and conditions in this Article 2, Lakes shall make advances as needed from time to time to the Authority with respect to the Authority’s payment of Project development, construction, financing and equipping costs (collectively the “Development Financing Loan”) in an aggregate amount to be agreed to by the parties, such amount so agreed to be not less than $300,000 but not to exceed $350,000,000 (the “Development Cap”). Lakes shall have no obligation whatsoever to advance any funds under the Development Financing Loan in excess of the Development Cap. The parties agree that all sums previously advanced by a Lakes Affiliate to the Tribe plus accrued interest thereon under any contract or instrument in connection with any proposed gaming project (exclusive of any advances made for land purchase purposes associated with property listed on Exhibit B hereto) shall constitute advances and accrued interest under the Development Financing Loan, shall be credited to Lakes’ obligations hereunder and shall be subject to the terms of the Development Financing Loan as of January 17, 2006; and that as of January 16, 2006 Lakes’ Affiliates have advanced $16,922,740 with $4,469,305 in accrued interest thereon to the Tribe (as detailed on Exhibit C hereto) in connection with proposed gaming projects (exclusive of any advances made for land purchase purposes associated with property listed on Exhibit B hereto). Each of the Authority and the Tribe represents and warrants to Lakes that, in connection with the advance of such sums and in connection with other activities, the Authority, the Tribe and their respective officers, directors or controlling persons have a preexisting, personal or business relationship with Lakes and, in any event, the Authority and Tribe have the capacity to protect their own interests in connection with the Development Financing Loan and other transactions contemplated by this Agreement. The Development Financing Loan and Lakes’ obligation to advance funds to the Authority thereunder shall be subject to the following requirements:
Sample 1
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Related to Project Development Loan

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement.

  • Information Systems Acquisition Development and Maintenance Security of System Files. To protect City Information Processing Systems and system files containing information, Service Provider will ensure that access to source code is restricted to authorized users whose specific job function necessitates such access.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Design Development Documents See Section 2, Part 1, Article 2.1.5.

  • Research Project 3.1 These Materials and Data will be used by Recipient's PI solely in connection with the Research Project, as named and described in the attached research application (insert Research Project name below):

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

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