Mitigation Payment for Off-Site Transportation Sample Clauses

Mitigation Payment for Off-Site Transportation. To mitigate the direct traffic safety and congestion impacts of the Project, a voluntary payment shall be paid to the City (“the Transportation Mitigation Payment”) as set forth herein, to be used for design and construction of the Tokul Road Roundabout. $1,000,000 was paid by Gateway toward the design and construction of the Tokul Roundabout pursuant to the First Amendment. The City expended $570,000 on the design of the Tokul Roundabout and returned $430,000 to the MIT, in accordance with the Fourth Amendment. Thereafter, the MIT paid $1,607,555 to the City ($430,000 plus an additional $1,177,555) pursuant to the Fifth Amendment, leaving an additional $1,220,000 which the MIT shall pay to the City (less any other deductions provided for by this Agreement, and less SMV’s voluntary contribution of $250,000 provided for by SMV’s Development Agreement with the City). Therefore, the MIT shall pay an additional $270,000 to the City, as determined by the initially proposed payment of $1,220,000 minus the $250,000 SMV contribution, and minus the credit of $700,000, as per City Obligations, Section 17, herein, no later than seven (7) days following recording of this Agreement.
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Related to Mitigation Payment for Off-Site Transportation

  • Termination Payment for Force Majeure Event 30.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 55% (fifty five per cent) of the Debt Due less Insurance Cover. 30.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5% (sixty point five per cent) of the Adjusted Equity; and 30.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 as if it were Authority’s Default.

  • Transportation of Accident Victims Transportation to the nearest physician or hospital for employees requiring medical care as a result of an on-the-job accident shall be at the expense of the Employer.

  • Interconnection Customer Payments Not Taxable The Parties intend that all payments or property transfers made by the Interconnection Customer to the Participating TO for the installation of the Participating TO's Interconnection Facilities and the Network Upgrades shall be non-taxable, either as contributions to capital, or as a refundable advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • OGS Centralized Contract Terms and Conditions have been renumbered as depicted in the following chart: Current Amended Section Title 4.25 4.26 Severability 4.26 4.27 Entire Agreement