Source of Reimbursement Sample Clauses

The 'Source of Reimbursement' clause defines where funds for reimbursement will originate in the context of a contract or agreement. Typically, this clause specifies whether payments will be made from a particular account, budget, or third-party source, and may outline the process for accessing these funds. Its core practical function is to ensure transparency and certainty regarding how and from where reimbursement obligations will be fulfilled, thereby reducing the risk of disputes or delays in payment.
Source of Reimbursement. The City shall make payments for reimbursement of Redevelopment Project Costs from the Tax Increment Fund on a Pay As You Go basis in the order of priority set forth in Section 6.01. The City shall make payments for reimbursement of TDD Costs from the TDD Sales Tax Fund on a Pay As You Go basis in the order of priority set forth in Section 6.02. Developer and the City acknowledge and agree that ▇▇▇▇▇▇▇▇▇’s expenses may be certified for reimbursement both as a Redevelopment Project Cost and as a TDD Cost, to the extent such expenses are eligible for reimbursement under both Funds pursuant to this Agreement and Kansas law. Any such expenses certified as both a Redevelopment Project Cost and a TDD Cost shall be the last expenses reimbursed by both Funds. To the extent Developer certifies Redevelopment Project Costs in excess of the North Project TIF Cap, such excess (the “TIF Excess”) shall be attributed to those Redevelopment Project Costs that are also certified as TDD Costs (regardless of when certified). Until the Tax Increment Fund has reimbursed Developer for all Redevelopment Project Costs not also certified as TDD Costs, plus interest, all reimbursements from the Tax Increment Fund shall first be applied to accrued but unpaid interest in such Fund, and then to a reduction in the principal balance of Redevelopment Project Costs not also certified as TDD Costs, all as set forth in Section 6.01. No disbursement from the Tax Increment Fund shall offset or affect the outstanding reimbursable balance of TDD Costs unless and until the Tax Increment Fund reimburses Developer for Redevelopment Project Costs that are also certified as TDD Costs, plus interest. In no event, however, shall the principal balance of TDD Sales Tax Fund be reduced below the TIF Excess, plus TDD Costs not also certified as Redevelopment Project Costs, plus interest, except as a result of disbursements to Developer from the TDD Sales Tax Fund.
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Source of Reimbursement. The City shall: (i) reimburse the Developer or its designee from the TDD Sales Tax Fund established pursuant to the Act and this Agreement for all actual Reimbursable Project Costs, subject to the Reimbursable Costs Cap, on a Pay As You Go basis; or (ii) make moneys in the TDD Sales Tax Fund available for the purpose of repaying Obligations, subject to the Reimbursable Costs Cap. The City shall not be required to provide any enhancement to any Obligations. The parties acknowledge and agree that the estimated reimbursable TDD Costs do not purport to cap any particular line item of costs set forth on Exhibit C, and that amounts reimbursable to Developer shall include any and all actual costs incurred for any cost category, provided that in no event will the aggregate principal amount to be reimbursed to the Developer related to TDD Costs exceed the Reimbursable Costs Cap. In administering the TDD Sales Tax Fund, the City shall create such accounts and sub-accounts as shall be required by the Act or documents authorizing the issuance of the Obligations.
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Source of Reimbursement. Subject to the terms of this Agreement and the conditions in this Section, and provided that no Developer Event of Default has occurred hereunder that has not been timely cured, then the Unified Government hereby agrees to reimburse Developer for Reimbursable Project Costs on a "Pay As You Go" basis in a total amount not to exceed the Reimbursable Project Costs Cap. On a bi-annual basis, the Unified Government hereby agrees that Developer shall be reimbursed for its Reimbursable Project Costs solely from the Real Property Tax Revenues available at such time (the "Pay As You Go" method). The Parties agree that all reimbursement to the Developer shall be made only on a Pay As You Go basis, and nothing in this Agreement shall in any way obligate the Unified Government to issue bonds or other obligations to reimburse Developer. The Parties also agree that nothing in this Agreement shall in any way obligate the Unified Government to reimburse Developer for (i) any cost that is not a Reimbursable Project Cost, or (ii) any Reimbursable Project Costs in excess of the Reimbursable Project Costs Cap.
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Source of Reimbursement. The City shall make payments from the Tax Increment Fund on a Pay As You Go basis in the order of priority set forth in Section 6.02.
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Related to Source of Reimbursement

  • Tuition Reimbursement A. The Employer will reimburse a full-time employee for the cost of tuition in accordance with Regulation 10.12.060 and for the cost of books as long as the subject matter of the specific course or course of study is job-related and the tuition costs do not exceed those found at a state university. The employee must receive approval from the Chief prior to taking the course. Tuition reimbursement shall be approved for all job-related undergraduate and graduate work. A request for tuition shall not be unreasonably denied. B. If an employee receives a scholarship, the total amount of the reimbursement from the Employer, combined with the scholarship, shall not exceed one hundred percent (100%) of the cost of tuition and books. C. A satisfactory grade of C or higher or equivalent is required for reimbursement, and a copy of the course transcript showing satisfactory completion, along with a copy of the approved reimbursement application, a copy of the registration or receipt showing the amount paid, and a taxability of tuition reimbursement Interoffice Communication shall be submitted with the reimbursement request within sixty (60) calendar days of receiving final grades. D. In the event the Employer directs an employee to attend any formal training course, the costs of all books and incidental fees will be paid by the Employer. “Life experience” credits will be reimbursed on a per-credit basis, not to exceed the University of Washington tuition rates. E. Once a request for tuition reimbursement has been approved, the Employer will reimburse the cost of tuition as provided above. Approved tuition reimbursements shall be paid to the employee within sixty (60) calendar days of timely submission to the Employer. An employee shall not receive federal or state educational reimbursement funds that exceed the total tuition for any course. F. If an employee receiving tuition reimbursement misses two (2) consecutive terms of school, the Employer shall send a letter requesting the employee notify the Employer of whether the employee intends to continue to attend school. If the employee does not attend school during the following two (2) terms then the employee must reapply for tuition reimbursement when attendance resumes. G. When an employee completes an educational program, the employee shall notify the Employer so the Employer can remove the employee’s name from the tuition reimbursement list. If the employee pursues an additional degree then the employee must reapply for tuition reimbursement. H. No more than twenty-five percent (25%) of the bargaining unit members shall receive tuition reimbursement at any given time. If at any time the maximum twenty-five percent (25%) limit is reached, then all subsequent requests for tuition reimbursement shall be placed on a waiting list in order of the date of application.

  • Meal Reimbursement When an employee is specifically directed by the City to work two (2) hours or longer at the beginning or end of their normal work shift away from their place of residence of at least eight (8) hours or work two (2) hours or longer at the end of their work shift of at least eight (8) hours when the employee is called in to work on their regular day off, or otherwise works under circumstances for which meal reimbursement is authorized per Ordinance 111768 and the employee actually purchases a reasonably priced meal away from his place of residence as a result of such additional hours of work, the employee shall be reimbursed for the "reasonable cost" of such meal in accordance with Seattle Municipal Code (SMC) 4.20.

  • Educational Reimbursement ‌ 9.10.1. The Employer is desirous of having employees participate in courses and training opportunities to enhance their skills and enable them to advance to other positions. Accordingly, it shall be the Employer's goal to assist full-time, regular employees in the furtherance of this policy by offering a tuition reimbursement program for courses or training at accredited colleges and universities. 9.10.2. To qualify for reimbursement, the employee must make application to, and receive prior approval from, the Sheriff such approval shall be at the sole discretion of the Sheriff. 9.10.3. An employee requesting tuition reimbursement must submit a written application showing: a) The course curriculum description; b) dates and times of classes; c) duration of the course; d) narrative statement of how the course will benefit the Employer as well as the employee. 9.10.4. If an employee's application is approved, the reimbursement will be for tuition only if and when: a) The course is completed within six (6) months of approval; b) completed with a "pass" in a pass/fail grading system or a grade of "C" or better. The maximum reimbursement per credit will be the cost of a credit charged by Centralia College. 9.10.5. An employee who receives tuition reimbursement agrees to continue to work for the Employer for twelve (12) months following the completion of the course; if not, the reimbursement is pro-rated and the employee authorizes reimbursement to the Employer from the last paycheck issued. An employee who is unable to remain in the Employer's employment, due to circumstances beyond the employee's control, shall not be required to reimburse the Employer if the twelve (12) month period is not met. 9.10.6. Reimbursement shall be for actual tuition, or the cost of the course. All other expenses, such as travel and books, shall be borne by the employee.

  • Right of Reimbursement Each Revolving Credit Lender agrees to reimburse the Issuing Lender on demand, pro rata in accordance with its respective Revolving Credit Percentage, for (i) the reasonable out-of-pocket costs and expenses of the Issuing Lender to be reimbursed by the Borrower pursuant to any Letter of Credit Agreement or any Letter of Credit, to the extent not reimbursed by the Borrower or any other Credit Party and (ii) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, fees, reasonable out-of-pocket expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing Lender in any way relating to or arising out of this Agreement (including Section 3.6(c) hereof), any Letter of Credit, any documentation or any transaction relating thereto, or any Letter of Credit Agreement, to the extent not reimbursed by the Borrower, except to the extent that such liabilities, losses, costs or expenses were incurred by Issuing Lender as a result of Issuing Lender’s gross negligence or willful misconduct or by the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other demand for payment and other documentation strictly complying with the terms and conditions of such Letter of Credit.

  • Education Reimbursement The County will provide education reimbursement for education costs incurred by regular employees who apply for such reimbursement in accordance with the policies and procedures governing the education reimbursement program. The maximum reimbursement shall be $1,500 per year.