Conditions Precedent to Reimbursements Sample Clauses
The 'Conditions Precedent to Reimbursements' clause defines the specific requirements that must be satisfied before a party is entitled to receive reimbursement under an agreement. Typically, this involves the submission of supporting documentation, proof of incurred expenses, or fulfillment of certain contractual obligations. For example, a party may need to provide receipts or demonstrate that services were performed as agreed. The core function of this clause is to ensure that reimbursements are only made when all agreed-upon conditions are met, thereby protecting the paying party from unwarranted or premature payments.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible Expenses from Pay-As-You- Go CID Financing unless and until the conditions precedent set forth below have been fully satisfied as determined by City in its sole reasonable discretion:
(a) City has approved Certificates of Expenditure for such CID Improvements; and
(b) Construction of all of the Improvements described in Section 2.01 shall be completed; and
(c) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible Expenses from Pay-As-You- Go CID Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by City in its sole reasonable discretion:
(a) Conditions to Reimbursement of CID Improvement Costs. Developer shall not receive any reimbursements for CID Improvement Costs to the extent certified, unless and until:
(i) Developer shall substantially complete the construction of that certain "corner building" identified as “Building A” on Exhibit G attached hereto;
(ii) Developer shall have completed the construction of the pedestrian amenities included in the Development Plan;
(iii) The costs and expenses for which Developer seeks reimbursement must in all events be Eligible Expenses;
(iv) In accordance with Section 4.02 hereof, City has approved Certificates of Expenditure for such CID Improvements; and
(v) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that even when TIF Proceeds have begun to be collected by the UG, the UG will hold and not disburse to Developer any reimbursements for TIF Eligible Expenses from TIF Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by UG in its sole reasonable discretion:
(a) The UG has approved Certificate(s) of Expenditures for such TIF Eligible Expenses;
(b) Developer shall have completed and opened the Project; and
(c) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible Expenses from Pay-As-You- Go TDD Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by the City in its sole reasonable discretion:
(a) The City shall have accepted title to the Public Safety Site as provided in this Agreement;
(b) The costs and expenses for which Developer seeks reimbursement must in all events be Eligible Expenses;
(c) In accordance with Section 5.02 hereof, the City has approved Certificates of Expenditure for such TDD Improvements;
(d) Developer shall be in full compliance with the terms and conditions of this Agreement; and
(e) Developer shall not be entitled to any reimbursement unless and until KDOT is fully paid the KDOT Payment as set forth in Section 4.04(a) hereof.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that all of the Pay-As-You-Go CID Financing described in this Article V is expressly subject to and conditioned upon the governing body of the City approving the CID Petition described in Recitals P and Q hereof in its sole discretion. Developer further understands and agrees that it shall not receive any reimbursements for eligible CID Improvement Costs from Pay-As-You-Go CID Financing from the CID unless and until the conditions precedent set forth below have been fully satisfied as determined by the City in its sole reasonable discretion or waived in whole or in part by the City in its sole reasonable discretion:
(a) The costs and expenses for which Developer seeks reimbursement must in all events be eligible CID Improvement Costs within the CID;
(b) Developer has complied in all respects with, and is not in breach of, this Second Amended and Restated Agreement;
(c) Upon Substantial Completion of the Minimum Improvements for Phase 1 of the Project, Developer shall have access to $6,623,926 of the CID Cap;
(d) Upon Substantial Completion of all remaining components of the Multi-Sport Complex – Future Phases and the Minimum Improvements for Phase 2 of the Project, Developer shall have access to the balance of the CID Cap;
(e) There are no actions or omissions of Developer which with the passage of time, will become occurrences of default under this Second Amended and Restated Agreement;
(f) Developer has paid to the City all sums due and owing by and from the Developer to the City under this Second Amended and Restated Agreement, under any other agreement, or under Applicable Laws and Requirements;
(g) For each such reimbursement, the City received (along with all backup or supplementary documentation required hereunder or requested by the City) and approves a Certificate of Expenditure in accordance with this Second Amended and Restated Agreement;and
(h) Developer has, at Developer's sole expense, recorded a memorandum reflecting the terms of this Second Amended and Restated Agreement in the office of the ▇▇▇▇▇▇▇ County Records and Tax Administration as required by Section 14.16 below.; and
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible Expenses from Pay-As-You- Go CID Financing unless and until the conditions precedent set forth below have been fully satisfied as determined by City in its sole reasonable discretion:
(a) City has approved Certificates of Expenditure for such CID Improvement
(b) Construction of the Container Store described in Section 2.01(a) shall be completed, and the Container Store shall be fully stocked and opened for business for at least one day;
(c) Construction of the Pocket Park as described in Section 2.01(f) shall be completed; and
(d) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that even when TIF Proceeds and/or CID Proceeds have begun to be collected by the UG, the UG will hold and not disburse to Developer any reimbursements for TIF Eligible Expenses from Pay-Go TIF Financing or CID Eligible Expenses from Pay-As-You-Go CID Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by UG in its sole reasonable discretion:
(a) The UG has approved Certificate(s) of Expenditures for such CID Eligible Expenses and TIF Eligible Expenses as applicable to the cost being certified;
(b) Developer shall have achieved Substantial Completion of the Project; and
(c) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible CID Expenses from Pay-As-You-Go CID Financing unless and until the conditions precedent set forth below have been fully satisfied as determined by City in its sole reasonable discretion:
(a) The City has approved Certificates of Expenditure for such CID Project Costs;
(b) Substantial Completion of the Project; and
(c) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Project Costs from Public Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by the UG in its reasonable discretion:
(a) In accordance with Section 3.8 hereof, the UG has approved Certificates of Expenditure for all such Project Costs sought to be reimbursed;
(b) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder; and
(c) The Project (or a definable portion thereof) shall be substantially complete as evidenced by a temporary certificate of occupancy therefor.
Conditions Precedent to Reimbursements. Developer hereby understands and agrees that it shall not receive any reimbursements for Eligible Expenses from Pay-As-You-Go TIF Financing, unless and until the conditions precedent set forth below have been fully satisfied as determined by City in its sole reasonable discretion:
(a) Conditions to Reimbursement of TIF Improvement Costs. Developer shall not receive any reimbursements for TIF Improvement Costs to the extent certified, unless and until:
(i) City has approved Certificates of Expenditure for such TIF Improvements;
(ii) Construction of the Improvements described in Section 2.1 shall be completed; and
(iii) Developer shall be in full compliance with the terms and conditions of this Agreement and shall not be in default hereunder, nor shall there be conditions, actions or omissions of Developer which will, with the passage of time, become occurrences of default hereunder.