Use of Contributions. The Administrative Member acknowledges that the Operating Budget and the Capital Budget restrict disbursements to line items in cost categories (subject to the deviations permitted under Section 5.1B(3)). The Administrative Member shall use the contributions made pursuant to Section 3.1 and Subsequent Contributions in conformity with the Requirements.
Use of Contributions. The aggregate of all capital contributions made by the Members to the Company shall be available to the Company to carry out the purposes of the Company.
Use of Contributions. The cash and property contributed by the Partners, initially being the aggregate amounts reflected on Exhibit "A," will be utilized by the Partnership for the purposes of the Partnership set forth in Article III.
Use of Contributions. The contributions provided by the Members during our initial Capital Campaign will be held in escrow or trust until the capital goal of three million dollars ($3,000,000.00) is reached. It this capital goal cannot be reached and members do not agree on another capital goal amount, no part of member contributions can be used to fund an expense or project of the Cooperative. If the Capital Goal cannot be met and no other agreement is made by members, all invested capital will be returned based on each member’s dollar contribution. When the agreed upon capital goal is reached, the escrow will be closed and Member contributions will be released to fund cooperatives’ first business; the Us Lifting Us Market and Exchange. The Board of Directors will utilize additional capital contributions pursuant to finance other efforts and projects as determined at the discretion of the Board of the Cooperative.
Use of Contributions. The Company shall not use any capital or other contributions from any Shareholder for the purposes of directly or indirectly paying or otherwise satisfying any financial or monetary obligation owed by BioAmber or any BioAmber Affiliate to a third party under any BioAmber IP Agreement, including the payment of any royalties, fees, inventor awards, development costs, or other payments to any owner, inventor, licensor or developer of, or other third party thereunder, except for any payment related to the Technology License Agreement.
Use of Contributions. The City shall only use: (i) the Park Fund Contribution for the repair, operation, and maintenance of the Public Park Parcel in a manner consistent with the maintenance standards set forth in Section 10.2 of the Ground Lease and the standards set forth in attached Exhibit A (the “Park Maintenance Obligation”), and (ii) the Baywalk Contribution for capital expenditures and improvements necessary to complete the Baywalk-Riverwalk Project.
Use of Contributions. (a) The contributions in cash and, in the case of New Valley, expenditures as set forth in Section 2.4(d), received by the Company from the Members shall be used as follows: (i) $30,000,000 will be used as specified in the approved Budget for financing the construction, operation and development of Ducax Xxxce II, Ducax Xxxce III and such other projects as may be approved in the Budget, and to reimburse the New Valley Parties for the expenditures in excess of $10,000,000 as set forth in Section 2.4(d); and (ii) $20,000,000 will be loaned to Delaware LLC-3 in accordance with the Participating Loan Agreement to finance the construction of the New Factory and the acquisition of related equipment, and to reimburse Brooke (Overseas) for expenditures incurred by Brooke in connection therewith since March 1, 1997, as shall be specified in the Participating Loan Agreement.
Use of Contributions. The contributions to the Pension Plan from the Authority and the Employees, for the October l, 2019 through Septembel' 30, 2020 plan year, are irrevocable and are to be used for the exclusive purpose of providing benefits to Pension Plan participants and their beneficiaries and defraying reasonable expenses of administering the Pension Plan.
Use of Contributions. 3.1 The County Council hereby covenants with the Owner to use the County Council Contribution received from the Owner under the terms of this Deed for the purposes specified in this Deed for which it is to be paid or for such other purposes for the benefit of the Development as the Owner and the County Council shall agree.
Use of Contributions. 4. The Council covenants with the Landowner that it shall use the Affordable Housing Contribution to facilitate the provision of additional affordable and/or supported housing within the administrative area of the Council FIFTH SCHEDULE Form of Viability Appraisal SHROPSHIRE COUNCIL - BASIC DEVELOPMENT APPRAISAL Site Location: Site Size in Hectares: Has Developer Purchased the site?: Date of Purchase / Option Agreement: Total Number of Residential Units: Proposed Number of Affordable Units: Target for Developer Profit (% GDV): Scheme Overview: Please provide a brief description of the scheme and context to show why the applicant considers there to be an economic case for reducing the amount of affordable housing below that requested by the Council in accordance with the Supplementary Planning Document GROSS DEVELOPMENT VALUE Open Market Units :- Unit Type Floor Area Number Actual or Anticipated Sales Value sq m sq m sq m sq m sq m sq m Sub-total sq m £ Affordable Units :- Unit Type Floor Area Tenure Number Actual or Anticipated Sales Value sq m sq m sq m sq m Sub-total sq m £ TOTAL GROSS DEVELOPMENT VALUE TOTAL DEVELOPMENT COSTS Construction :- Rate Total A Construction £ per sq m B Roads and Services £ lump sum C Landscaping £ lump sum D Abnormal costs (please specify) £ lump sum E Other (please specify) £ lump sum F A to E Sub-total G Construction Contingency % of F H TOTAL CONSTRUCTION COSTS (A to G) £ Fees :- Rate Total J Professional Fees % of H K Project Management % of H L Marketing & Advertising £ lump sum M Planning & Feasibility Fees £ lump sum N Legal Fees on Sales / Lettings % of GDV P Agents Fees on Sales / Lettings % of GDV R Land Acquisition Cost £ lump sum S Land Acquisition Fees % of R T S106 (off-site contributions) £ lump sum TOTAL DEVELOPMENT COSTS £ COST OF BANK FINANCE Interest Rate % (actual likely to be paid now) Development Period (Years) Total Development Costs (TDC) £ (Total from Page 1) Interest Rate Multiplier (IRM) {[(1+Interest Rate expressed as a fraction) to the power of the number of yrs] -1} x 0.5 ie. [ (1 + IR)Y -1] x 0.5 Total Interest (TDC multiplied by IRM) £ Other Bank Lending/Arrangement Fees £ TOTAL FINANCE COST £ DEVELOPMENT SURPLUS / LOSS Money In Money Out GDV Total Development Costs Total Finance Cost TOTAL SCHEME SURPLUS OR LOSS £ Expressed as a % of Gross Development Value % Executed as a Deed on the date specified at the commencement of this Agreement THE COMMON SEAL OF ) ) was affixed in the presence of:- )...
