Large Capital Project Sample Clauses

The Large Capital Project clause defines the criteria and procedures applicable to significant construction or infrastructure projects that exceed a specified monetary threshold. Typically, this clause outlines the approval process, reporting requirements, and oversight mechanisms for projects classified as 'large,' such as new facility builds or major renovations. Its core function is to ensure that substantial investments are subject to heightened scrutiny and governance, thereby managing risk and promoting accountability in the execution of major capital expenditures.
Large Capital Project. The GRANTEE BENEFICIARY’s large capital project is approved in full and will be awarded from the AGENCY consistent with the GRANTEE BENEFICIARY’s application for award of funds for the large capital project (attached as Appendix 5) and which is consistent with the purpose of assisting a non-profit entity that has experienced a negative economic impact as a result of the COVID-19 pandemic in accordance with the applicable criteria set by ARPA and SLFRF. a) GRANTEE BENEFICIARY shall be awarded $226,932.50 for the large capital project set forth in their application in Appendix 5 and on the time schedule set forth on the estimated project schedule in Appendix 6 which is the Pre-Contract Schedule. b) GRANTEE BENEFICIARY agrees it will only be delivered these funds if it meets the following requirements: i. Compliance with all rules and guidelines of the ARPA and SLFRF requirements including certifications and/or attestations of compliance as appropriate by ARPA and SLFRF and/or the County or AGENCY. GRANTEE BENEFICIARY acknowledges that this includes, but is not limited to, ▇▇▇▇▇ ▇▇▇▇▇ Act (prevailing wage rates), if GRANTEE BENEFICIARY is otherwise already obligated to comply with ▇▇▇▇▇ ▇▇▇▇▇ Act. ii. Compliance with Appendix 1 –including, but not limited to, ARPA and SLFRF Guidance and Requirements. iii. Compliance with Appendix 2 – Attestation. iv. Compliance with Appendix 3 – Minimum Reporting Requirements. v. Compliance with Appendix 4 – Minimum Insurance Requirements. vi. Compliance with Appendix 5 – Application for Funding. vii. Compliance with Appendix 6 – Pre-Contract Schedule. viii. Compliance with Appendix 7 – Agreement-Related Land Use Restrictions. ix. Attestation to the accuracy of capital project costs and that the capital project costs are not otherwise reimbursable by a different source and that the costs comply with the ARPA and SLFRF requirements. x. Compliance with all deliverables/benchmarks in compliance with the deadlines set forth in the application as modified by the Pre-Contract Schedule (Appendices 5 & 6). Dates for compliance may be extended upon mutual agreement of the parties in writing provided completion will be accomplished within the timeframes required by the ARPA and SLFRF guidelines. AGENCY will not extend any compliance dates that could jeopardize the completion dates required by ARPA and/or SLFRF and it is within the sole discretion of AGENCY to require completion well in advance of the dates required by ARPA and/or SLFRF...
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Related to Large Capital Project

  • Capital Projects (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor and Lessor shall provide at its expense all materials and services for capital projects. (b) Lessee shall cooperate with Lessor with respect to capital projects. Notwithstanding anything in the foregoing which may be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be responsible for same in accordance with a written agreement therefor between Lessor and Lessee.

  • Generating Facility The Interconnection Customer’s device for the production of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • Loss of a Facility Hub In the event that BellSouth loses a facility hub, the recovery process is much the same as above. Once the NMC has observed the problem and administered the appropriate controls, the ECC will assume authority for the repairs. The recovery effort will include a) Placing specialists and emergency equipment on notice; b) Inventorying the damage to determine what equipment and/or functions are lost; c) Moving containerized emergency equipment to the stricken area, if necessary; d) Reconnecting service for Hospitals, Police and other emergency agencies; and e) Restoring service to CLECs and other customers. If necessary, BellSouth will aggregate the traffic at another location and build temporary facilities. This alternative would be viable for a location that is destroyed and building repairs are required.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.