Authorization of Reimbursements Sample Clauses
The Authorization of Reimbursements clause establishes the conditions under which one party may be reimbursed for expenses incurred on behalf of another party. Typically, this clause outlines the types of expenses eligible for reimbursement, the process for obtaining prior approval, and the documentation required to support reimbursement requests. Its core function is to ensure that reimbursements are properly controlled and justified, preventing unauthorized or excessive claims and promoting transparency in financial dealings between the parties.
Authorization of Reimbursements. The Agency will take all actions necessary to satisfy section 53314.9 of the Government Code or any similar statute subsequently enacted to use First Tranche CFD Bond proceeds and Remainder Taxes to reimburse Developer for: (i) CFD formation and First Tranche CFD Bond issuance deposits; and (ii) advance funding of Qualified Project Costs.
Authorization of Reimbursements. City will take all actions necessary to satisfy section 53314.9 of the Government Code or any similar statute subsequently enacted to use First Tranche CFD Bond proceeds and Remainder Taxes to reimburse Developer for: (i) CFD formation and First Tranche CFD Bond issuance deposits; and (ii) advance funding of Qualified Project Costs.