Mitigation Payments Sample Clauses

Mitigation Payments. (a) Following the Trust Acquisition Date, in order to mitigate the Impacts resulting from the Project, to fund certain police, fire protection, emergency medical and other services to be provided for the Project by the City, and as payments in lieu of taxes against all property (real and personal) and all activity that would otherwise be taxable by the City if the Subject Property were not acquired in trust, and as consideration for the City’s assistance and support of the Project as contemplated in this Agreement, the Tribe shall pay to the City the amounts set forth below for the applicable periods (the “Mitigation Payments”):
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Mitigation Payments. The Tribe recognizes that as a direct result of the Project, the City of Monroe will, and surrounding governmental entities may, experience increased demands on resources and infrastructure. In order to mitigate potential negative impacts upon the resources and infrastructure of the City of Monroe, and other surrounding governmental entities, the Tribe agrees that it shall compensate the City of Monroe in an amount equal to 2.0% of the Tribe’s Net Revenues as defined in this agreement from the gaming facility, subject to the conditions set forth in sub-paragraph B of this Paragraph 1, commencing at such time as all Legal Requirements are met and the operation is open for business. At such time the Advisory Committee completes the funding of all necessary services, projects, and activities impacted by the Project as set forth in Paragraph 2 of this Agreement and subject to the adjustment to the Mitigation Payment as provided for in sub-paragraph B of this Paragraph 1, Monroe shall, in turn, distribute any remaining portion of the net proceeds that Monroe acquires from the Tribe pursuant to this Agreement as follows:
Sample 1
Mitigation Payments. Xxxxxxxxx or the Except as set forth in paragraph 4.4.2, the New Airport shall make annual mitigation payments as set forth in paragraph 4.4.1 for all real property in Xxxxx County owned in fee simple by Denver for airport purposes, to Xxxxx County, or to any incorporated city within which the property such real property is located, and to the applicable school district. The mitigation payments shall be made to compensate the applicable jurisdiction for the fact that property will be owned for airport purposes, but will not produce revenue for the jurisdiction so long as it is held by Xxxxxxxxx or the New Airport.
Sample 1
Mitigation Payments. The Parties will seek to recoup any costs of mitigating a Project Impact from the insurance outlined in this MOU. The County and the Harbor shall, in a timely manner, fully cooperate with the Renewal Corporation, and its contractors, subcontractors, consultants and representatives, to submit such claims, documentation or other information as may be required to any one or more insurance carriers responding to such claim. Provided that the County and the Harbor shall, in a timely manner, fully cooperate with the Renewal Corporation, and its contractors, subcontractors, consultants and representatives, in the submission of such claims, documentation and other information as may be required by any one or more insurance carriers, if such claim or claims are denied, in whole or in part, by the insurance carriers, then the Renewal Corporation shall bear the cost of mitigating a Project Impact (or portion thereof) that is not covered by insurance.
Sample 1
Mitigation Payments. Developer shall make economic mitigation payments (“Mitigation Payments”) to the County as provided below:
Sample 1
Mitigation Payments. In the event that a veteran tenant referred by The Pikes Peak Veteran Housing Fund abandons a unit with significant damages, breaks their lease, is evicted for non-payment of rent or repeated lease violations that result in a vacancy loss or any combination of these, the Fund will compensate the property owner for some costs beyond those covered by the security deposit, up to the maximum amount of $1000 -$2000 per unit size.
Sample 1

Related to Mitigation Payments

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Exception Payments Tax payments and court ordered payments may be scheduled through the Service; however, such payments are discouraged and are scheduled at your own risk. In no event shall this Financial Institution or its Service Provider(s) be liable for any claims or damages resulting from your scheduling of these types of payments. The Bill Payment Service Guarantee as it applies to any late payment related charges is void when these types of payments are scheduled and/or processed by the Service. Research of exception payments shall be limited to proof of payment and/or unauthorized payments only. All other research and resolution for any misapplied, mis-posted or misdirected exception payments will be your sole responsibility.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

  • Consideration Payment 5.1 In consideration of the Company’s Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses (if any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement.

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

  • Longevity Payments All employees, who are hired on or after January 1, 1989, shall not be covered by this Article. Full-time employees on the County Payroll as of December 31, 1988, shall be entitled to longevity pay subject to the following provisions:

Time is Money Join Law Insider Premium to draft better contracts faster.