General Infrastructure Assessment Clause Samples

General Infrastructure Assessment. Tenant shall pay to Landlord a fee for Landlord to develop, construct, improve, operate, maintain and repair other Greek Village infrastructure, which shall include, but shall not be limited to, utilities, stormwater detention measures, erosion control facilities, roads, sidewalks, and miscellaneous transportation improvements (the “General Infrastructure Assessment”). Tenant shall select one of two methods for payment of the General Infrastructure Assessment as further outlined below: (i) Option 1: Tenant shall make payment of One Hundred Percent (100%) of a discounted General Infrastructure Assessment in the sum of Three Hundred Fifty Thousand Dollars ($350,000) to Landlord on or before the Lease Commencement Date. If Tenant chooses this option, then Tenant shall make payments to Landlord on the following schedule: • Payment of Twenty-Five Thousand Dollars ($25,000.00) toward the General Infrastructure Assessment shall be credited from the existing deposit held by University on the Effective Date of this Lease; • Payment of Three Hundred Twenty-Five Thousand Dollars ($325,000) on or before the Lease Commencement Date. (ii) Option 2: Tenant shall make payment of fifty percent (50%) of the total General Infrastructure Assessment amount of Four Hundred Thousand Dollars ($400,000), which is equal to Two Hundred Thousand Dollars ($200,000), to the Landlord on or before the Lease Commencement Date. If Tenant chooses this option, then Tenant shall make payments to Landlord on the following schedule: • Payment of Twenty-Five Thousand Dollars ($25,000.00) shall be credited from the existing deposit held by University on the Effective Date of this Lease; • Payment of One Hundred Seventy-Five Thousand Dollars ($175,000) on or before the Lease Commencement Date. Tenant shall pay the remaining Two Hundred Thousand Dollars ($200,000) by means of the University’s withholding of Receipts (hereafter defined) collected by University pursuant to this Lease. University shall withhold Twenty Thousand Dollars ($20,000) annually from such Receipts commencing during the second (2nd) Lease Year and continuing through the subsequent nine (9) Lease Years, or until the General Infrastructure Assessment is paid in full. If construction of the Chapter House (hereafter defined) has not been completed such that no certificate of occupancy has been issued and Receipts are not available, Tenant shall make payment of Twenty Thousand Dollars ($20,000) on the first day of the second (2nd) L...

Related to General Infrastructure Assessment

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other ▇▇▇▇▇ or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test ▇▇▇▇▇ or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Phase I In Phase I, the project will be connected as a tap to the Transmission Owner’s 230kV transmission line MWP-2 via one 230kV circuit breaker in series with one of two ring bus breakers for stuck breaker protection (one in each direction) and a tie-line breaker, as shown on the one-line diagram labeled CL-E-IA-01 attached to this Appendix A as Figure 1. The changes to the existing MWP-2 line protection for this arrangement are described in Phase I System Upgrades in Section II of this Appendix A.

  • Production Report and Lease Operating Statements Within 60 days after the end of each fiscal quarter, a report setting forth, for each calendar month during the then current fiscal year to date, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month.

  • Operating Environment Per specifications given in Ref. [1]

  • Needs Assessment 1. The Contractor shall conduct a cultural and linguistic group-needs assessment of the eligible client population in the Contractor’s service area to assess the language needs of the population and determine what reasonable steps are necessary to ensure meaningful access to services and activities to eligible individuals. [22 CCR 98310, 98314] The group-needs assessment shall take into account the following four (4) factors: a. Number or proportion of persons with Limited English Proficiency (LEP) eligible to be served or encountered by the program. b. Frequency with which LEP individuals come in contact with the program. c. Nature and importance of the services provided. d. Local or frequently used resources available to the Contractor. This group-needs assessment will serve as the basis for the Contractor’s determination of “reasonable steps” and provide documentary evidence of compliance with Cal. Gov. Code § 11135 et seq.; 2 CCR 11140, 2 CCR 11200 et seq., and 22 CCR98300 et seq. 2. The Contractor shall prepare and make available a report of the findings of the group-needs assessment that summarizes: a. Methodologies used. b. The linguistic and cultural needs of non-English speaking or LEP groups. c. Services proposed to address the needs identified and a timeline for implementation. [22 CCR 98310] 3. The Contractor shall maintain a record of the group-needs assessment on file at the Contractor’s headquarters at all times during the term of this Agreement. [22 CCR 98310, 98313]