Cost and Financing Clause Samples

Cost and Financing. ‌ 7. The TA is estimated to cost $ 1.0 million, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF 7). The key expenditure items are listed in Appendix 1. 8. The government will provide counterpart support in the form of counterpart staff, office accommodation, office supplies and other in-kind contributions. The government was informed that approval of the TA does not commit ADB to finance any ensuing project.
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Cost and Financing. 19. The total cost of the TA is estimated at $525,000 equivalent, of which $141,000 will be foreign currency costs, and $384,000 equivalent local currency costs. ADB will finance $420,000 equivalent, which includes the entire foreign currency costs and $279,000 equivalent in local currency costs. The remaining $105,000 equivalent will be contributed by the Government and will include office accommodation, counterpart staff remuneration, and miscellaneous administration costs. The TA is proposed to be financed by ADB on a grant basis 5 Social protection is defined as the set of policies and programs designed to reduce poverty and vulnerability by promoting efficient labor markets, diminishing people's exposure to risks, and enhancing their capacity to protect themselves against hazards and interruption/loss of income. from the Poverty Reduction Cooperation Fund. The detailed cost estimates and financing plan are in Appendix 2.
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Cost and Financing. 3.01 The total cost of the Program is estimated in the amount of US$24,664,000.00. The Bank will finance up to US$17,000,000.00 while the European Commission will provide EUROS 5,810,000.00 which is equivalent to US$7,664,000.00. 3.02 The following table contains a summary of the costs by component disaggregated by source of funding: (US$) (Euros) (US$)** 1. Retrofit of government buildings with RE and EE technologies and public lights with EE technologies 2. Pilot project and studies for encouraging the use of RE 2.1. Public Electric Vehicles with solar PV 300,000 - - 300,000 2.2. Ocean Power Studies - 758,000 999,882 999,882 3. Capacity building, institutional strengthen- ing, public awareness and Project manage- ment 3.1. Capacity Building, Institutional Strengthen- ing, and Public Awareness 1,700,000 - - 1,700,000 3.2. Monitoring & Evaluation and Project Man- agement 1,500,000 116,200 153,280 1,653,280 4. Administrative Fee (5%) - 290,500 383,200 383,200 * Resources of the EC shall be maintained and reported in Euros unless the Bank and the EC agree otherwise in writing. The amount in US Dollars associated with the EC contribution is provided for reference purposes only and may vary due to exchange rate fluctuations, depending on the applicable exchange rate at the time when the EC payments of the contribution are received and converted into U.S. dollars by the Bank, as may be provided in the Specific Contribution Agreement ** Based on the exchange rate of April 13, 2012
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Cost and Financing. The total cost of the work program described in this Agreement is estimated at $115,346. The breakdown of this cost is as set out below. Appendix 2 gives details of these cost estimates. ADB Financial Contribution Financial contribution: $100,000, which comprises: 1. Remuneration and per diem: $48,000 2. Out-of-pocket expenses: $20,505 3. Surveys and workshops/meetings: $31,495 WWF-Pakistan Contribution (In-kind) In-kind contributions: $15,346 Total Financial Contributions $115,346 ADB = Asian Development Bank, WWF = World Wide Fund for Nature Source: Asian Development Bank and World Wide Fund for Nature Pakistan estimates.
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Cost and Financing. The project’s budget total is of 4,830,000 euros, distributed as follows: • French Facility for Global Environment (FFEM): 2,227,500 euros • MAVA Foundation: 357,500 euros • RedLAC and CAFÉ Conservation Trust Funds (in kind and in cash): 2,245,000 euros
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Cost and Financing. 13. The total cost of the TA is estimated at $450,000 to finance the travel, hotel accommodation, and other related expenses of resource persons and participants. The details of the financing plan are shown in Appendix 2. The TA will be financed on a grant basis from the Japan Special Fund, funded by the Government of Japan.
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Cost and Financing. 14. The TA is estimated to cost $860,000 equivalent, comprising $377,000 of foreign exchange and $483,000 equivalent of local currency. ADB will finance $600,000 equivalent comprising the entire foreign exchange cost and $223,000 equivalent of the local currency cost. The TA will be financed on a grant basis by ADB’s TA funding program. The Government will finance the remainder of the local currency cost of $260,000 equivalent ($60,000 parallel financing from MOEP's budget under its 2004–2006 Ecological Cadastre Project and Environmental Information Project, and $200,000 in kind). Cost estimates are presented in Appendix 2.
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Cost and Financing. 3.01 The total cost of the Program is estimated in the equivalent of US$64,573,000. The following table contains a summary of the costs by component disaggregated by source of funding: IDB (US$) EU* Total (US$) Euros (US$ equiv.) Component I. Strengthening GPL’s Management Capabilities 3,672,000 2,641,726 3,672,000 7,344,000 Component II. Operational Efficiency 2,176,000 1,565,468 2,176,000 4,352,000 Component III. Infrastructure Investments for Loss Reduction** 24,775,000 13,111,511 18,225,000 43,000,000 Administration, Monitoring and Auditing 2,319,625 2,056,295 2,858,250 5,177,875 Contingencies 4,699,125 - - 4,699,125 TOTAL 37,641,750 19,375,000 26,931,250 64,573,000
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Related to Cost and Financing

  • Project Financing DZS poskytne příspěvek na financování nákladů na projekt, přičemž maximální výše grantu činí XXXXXXX CZK (XXXXXXX EUR). Grant určený na realizaci projektu pokrývá 100 % způsobilých výdajů. Bližší specifikace rozpočtu a jeho členění jsou ukotveny v Příloze I.

  • Financing (a) From the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement in accordance with Article IX, Parent and its Affiliates shall use reasonable best efforts to take, or cause to be taken, all actions, and use reasonable best efforts to do, or cause to be done, all things reasonably necessary or advisable, to arrange and obtain the Debt Financing and to consummate the Debt Financing on or prior to the Closing Date. Such actions shall include, but not be limited to, using reasonable best efforts to: (i) comply with and maintain in effect the Debt Commitment Letter (subject to any amendment, supplement, replacement, substitution, termination or other modification or waiver that is not prohibited by clause (d) below); (ii) satisfy, or obtain a waiver thereof, on a timely basis all Financing Conditions to the extent within the control of Parent and its Affiliates; (iii) negotiate, execute and deliver Debt Financing Documents to the extent required to pay the Required Amount (after taking into account any cash on hand, available lines of credit (including under Borrower’s existing revolving credit and securitization facilities) and other sources of immediately available funds), which shall reflect the terms contained in the Debt Commitment Letter (including any “market flex” provisions (if any) related thereto) or on such other terms acceptable to Parent that would not constitute an Adverse Effect on Financing as compared to those set forth in the Debt Commitment Letter delivered to the Company on the date hereof; and (iv) in the event that the Offer Conditions have been satisfied or waived or, upon funding would be satisfied, consummate the Debt Financing (including by instructing the Debt Financing Sources to fund the Debt Financing in accordance with the Debt Commitment Letter, and enforcing Parent’s rights under the Debt Commitment Letter and the definitive agreements relating to the Debt Financing). (b) From the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement in accordance with Article IX, Parent and its Affiliates shall give the Company prompt notice of any material breach, repudiation or threatened material breach or repudiation by any party to the Debt Commitment Letter of which Parent or its Affiliates becomes aware; provided that none of Parent or Merger Sub shall be required to disclose or provide any such information, the disclosure of which, in the judgement of Parent upon advice of outside counsel, is subject to attorney-client privilege or which would be in violation of any confidentiality obligation. (c) In the event all or any portion of the Debt Financing becomes unavailable on the terms and conditions contemplated by the Debt Commitment Letter (including the flex provisions (if any)) (other than as a result of the Company’s breach of any provision of this Agreement or failure to satisfy the conditions set forth in Section 8.1 and Annex 1), then Parent and its Affiliates shall (i) promptly notify the Company thereof and the reasons therefor, (ii) use reasonable best efforts to obtain alternative financing from the same or alternative Debt Financing Entities on terms and conditions, taken as a whole, no less favorable to Parent than the Financing Conditions, not involving any conditions that would constitute an Adverse Effect on Financing (as defined below) as compared to those set forth in the Debt Commitment Letter delivered to the Company on the date hereof, that, when taken together with the portion of the Debt Financing that remains available and any cash on hand, available lines of credit (including under Borrower’s existing revolving credit and securitization facilities) and other sources of immediately available funds, is at least equal to the Required Amount, as promptly as practicable following the occurrence of such event, and (iii) use reasonable best efforts to obtain, and when obtained, provide the Company with a true and complete copy of, a new financing commitment that provides for such alternative financing; provided that any provisions set forth in such new financing commitment relating to fees, pricing terms, “market flex” provisions (if any) and other terms that are customarily redacted (including any dates related thereto) may be redacted, so long as such redaction does not extend to any terms that would reasonably be expected to reduce the aggregate principal amount of such alternative financing to be funded on the Closing Date or impose additional conditions precedent to the funding of such alternative financing on the Closing Date. (d) From the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement in accordance with Article IX, without the prior written consent of the Company, Parent and its Affiliates shall not amend, modify, supplement, restate, assign, substitute or replace the Debt Commitment Letter or any Debt Financing Document if such amendment, modification, supplement, restatement, assignment, substitution or replacement would (A) impose additional conditions precedent or expand upon the conditions precedent to the funding of the Debt Financing, (B) reduce the amount of the Debt Financing or the net cash proceeds available from the Debt Financing to an amount that is less than the Required Amount (after taking into account any cash on hand, available lines of credit (including under Borrower’s existing revolving credit and securitization facilities) and other sources of immediately available funds), (C) prevent or materially delay or make materially less likely the funding of the Debt Financing (or the satisfaction of the Financing Conditions) on the Closing Date or materially impair, delay or prevent the consummation of the transactions contemplated by this Agreement, including the Offer and the Merger, (D) materially adversely affect Parent’s ability to consummate the transactions contemplated by this Agreement, including the Offer and the Merger or (E) materially adversely impact the ability of Parent or any of its Affiliates’ to enforce their respective rights against the Debt Financing Sources or any of the other parties to the Debt Commitment Letters or the definitive agreements with respect thereto (clauses (A) through (E), each an “Adverse Effect on Financing”); provided that Parent may, without the prior written consent of the Company, amend, modify, supplement, restate, assign, substitute or replace the Debt Commitment Letter, including (1) to add and appoint additional arrangers, bookrunners, underwriters, agents, lenders and similar Debt Financing Entities that have not executed the Debt Financing Documents as in effect on the date hereof and, in connection therewith, amend the economic and other arrangements with respect to such appointments, (2) modify pricing, (3) terminate or reduce any commitments under the Debt Financing in order to obtain alternative sources of debt financing in lieu of all or a portion of the Debt Financing and/or (4) increase the aggregate amount of the Debt Financing, in each case, so long as such amendments would not be reasonably expected to result in an Adverse Effect on Financing. Upon request of the Company, Parent shall keep the Company informed in reasonable detail of the status of Parent’s efforts to arrange the Debt Financing. Any alternative, substitute or replacement debt financing obtained by Parent in accordance with this paragraph and the previous paragraph is the “Alternative Financing.” For purposes of this Agreement, references to “Debt Financing” shall include the financing contemplated by any Alternative Financing and references to “Debt Commitment Letter”, “Debt Fee Letters”, “Debt Financing Documents”, “Debt Financing Entities”, “Debt Financing Sources”, or “Financing” shall include the documents (or commitments or financing sources, as applicable) in connection with any Alternative Financing to the extent permitted by this Section 7.18, and such Alternative Financing shall be required to comply with the provisions of this Agreement to the same extent as the Debt Financing. Notwithstanding anything to the contrary contained in this Agreement, in no event shall Parent or its Affiliates be required to pay any fees or any interest rates applicable to the Alternative Financing in excess of those contemplated by the Debt Commitment Letter as in effect on the date hereof (including the market flex provisions (if any)) or agree to any term (including any market flex term (if any)) less favorable (taken as a whole) to Parent than such term contained in the Debt Commitment Letter as in effect on the date hereof (including the market flex provisions (if any)). Parent and Merger Sub expressly acknowledge and agree that their obligations under this Agreement, including their obligations to consummate the Offer and the Merger, are not subject to, or conditioned on, Parent’s or Merger Sub’s receipt of financing.

  • Financings There are no other financings currently pending or contemplated by the Company.

  • Refinancing Facilities (a) At any time after the Closing Date, the Borrower may obtain, from any Lender or any Additional Lender (to the extent agreed to by such Lender or Additional Lender in its sole discretion), Credit Agreement Refinancing Indebtedness in respect of all or any portion of the Term Loans, Prepetition Subsidiary Debt, Revolving Credit Loans and/or Revolving Credit Commitments then outstanding under this Agreement (which will be deemed to include any then outstanding Incremental Term Loans under any Incremental Facilities or any Incremental Revolving Credit Commitments then outstanding under this Agreement (or any Revolving Credit Loans outstanding pursuant thereto)) or any then outstanding Refinancing Term Loans or any then outstanding Refinancing Revolving Credit Loans or Refinancing Revolving Credit Commitments in the form of Refinancing Revolving Credit Loans or Refinancing Revolving Credit Commitments, respectively, in each case, pursuant to a Refinancing Amendment, together with any applicable Customary Intercreditor Agreement or other customary subordination agreement; provided, that such Credit Agreement Refinancing Indebtedness (i) will, to the extent secured, rank pari passu or junior in right of payment and of security with the other Loans and Commitments hereunder (but for the avoidance of doubt, such Credit Agreement Refinancing Indebtedness may be unsecured), (ii) will, to the extent permitted by the definition of “Credit Agreement Refinancing Indebtedness,” have such pricing, interest rate margins (including “MFN” provisions), rate floors, discounts, fees, premiums and prepayment or redemption provisions and terms as may be agreed by the Borrower and the Lenders or Additional Lenders with respect thereto, (iii) will, to the extent in the form of Refinancing Revolving Credit Loans or Refinancing Revolving Credit Commitments, participate in the payment, borrowing, participation and commitment reduction provisions herein on a pro rata basis with any then outstanding Revolving Credit Loans and Revolving Credit Commitments, except that the Borrower shall be permitted to permanently repay and terminate commitments of any such Class on a better than a pro rata basis as compared to any other Class with a later maturity date than such Class and (iv) will, to the extent in the form of Refinancing Revolving Credit Loans or Refinancing Revolving Credit Commitments and unless the Required Revolving Credit Lenders shall have consented thereto, have terms and conditions (other than interest rate margins and commitment fees) identical to those applicable to the Revolving Credit Commitments and Revolving Credit Loans being refinanced. The effectiveness of any Refinancing Amendment shall be subject to, to the extent reasonably requested by the Administrative Agent (or in the case of Revolving Credit Commitments and Revolving Credit Loans, the Revolver Agent), receipt by the Administrative Agent or Revolver Agent, as applicable, of reaffirmation agreements and board resolutions, officers’ certificates and legal opinions consistent with those delivered on the Closing Date. The Administrative Agent or Revolver Agent, as applicable, shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Refinancing Term Loans, Refinancing Revolving Credit Loans or Refinancing Revolving Credit Loan Commitments, as applicable) and any Indebtedness being replaced or refinanced with such Credit Agreement Refinancing Indebtedness shall be deemed permanently reduced and satisfied in all respects. Any Refinancing Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, to effect the provisions of this Section. (b) This Section 2.18 shall supersede any provisions of Section 10.01 to the contrary.

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.