Sample Language definition

Sample Language. Disposition Proceeds" means, with respect to the Property, any Temporary Rental Income PLUS the gross purchase price and other compensation, if an, actually received by the City from the Developer in consideration for the disposition of the Property pursuant to the DDA pursuant to Section 5(a) or the FMV Retention Value payment made pursuant to Section 5(d) LESS any proceeds of sale that are restricted by virtue of the source of funds (e.g. grant funds or proceeds of bonds) that were used for the original acquisition or improvement of the Property, and less the sum of the City's actual costs for the following items (but only to the extent paid from City funds and not from funds provided by the Successor Agency, a Developer, or another separate entity), each to be substantiated and documented in reasonable detail in the Disposition Proceeds Statement for the Property: the City's actual costs, not to exceed an average of One Thousand Dollars ($1,000) per month, for normal maintenance, management and insurance of the applicable Property from the date the Property is transferred by the Successor Agency to the City pursuant to Section 4 to the date the Property is disposed of by the City to the Developer pursuant to the DDA pursuant to Section 5(a) or to the date the City makes the FMV Retention Value payment pursuant to Section 5(d); plus the City's actual costs of any capital improvements or repairs to maintain the Property in a safe and lawful condition incurred from the date the Property is transferred by the Successor Agency to the City pursuant to Section 4 to the date the Property is disposed of by the City to the Developer pursuant to the DDA pursuant to Section 5(a) or to the date the City makes the FMV Retention Value payment pursuant to Section 5(d); the City's actual costs of site preparation, including hazardous materials remediation and pollution legal liability insurance premiums, if any, required to be paid by the City under the DDA for the applicable Property to prepare the Property for disposition, but only to the extent the Property is disposed of by the City to the Developer pursuant to the DDA pursuant to Section 5(a); plus the City's actual costs, to pay third party vendors for appraisal, legal, real estate consultant and marketing, title company, title insurance and to the extent applicable any other costs related to Developer selection, DDA preparation and approval, and closing costs for disposition of the Property but only to the extent...
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Examples of Sample Language in a sentence

  • Sample Language: I have been advised that I will likely serve on the board for no more than 60 days in any period of 365 consecutive days.

  • Sample Language: Upon confirmation, I will resign from my position with ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ and ▇▇▇▇▇, LP.

  • Scope of the agreement - background, definitions, scope, goals and objectives Description of Use MANDATORY Sample Language This article should be taken from the application.

  • Audits Description of Use MANDATORY – if the award is cost reimbursable or fixed support and includes cost share Sample Language The Awardee is required to provide any information, documents, site access, or other assistance requested by DOE or Federal auditing agencies (e.g., DOE Inspector General, Government Accountability Office, Defense Contracting Audit Agency) for the purpose of audits and investigations.

  • Sample Language If the Awardee (including any of its subawardees and contractors) anticipates involving foreign nationals in the performance of the Award, the Awardee must, upon DOE’s request, provide DOE with specific information about each foreign national to ensure compliance with the requirements for participation and access approval.

  • Sample Language Cost Sharing Obligations By accepting federal funds under this Agreement, the Awardee agrees that it is liable for its percentage of the total allowable project costs as specified below: Government Share $/% Awardee Share $/% Total Project Cost $/% $/% $ The Awardee is required to pay the “Cost Share” amount as a percentage of the total project costs in each invoice period for the duration of the period of performance.

  • Intellectual Property Description of Use MANDATORY – if IP rights are required Sample Language Work with local IP Counsel to develop the rights applicable to the award such as Data Rights, Rights in Inventions and U.S. Competitiveness (See Section 3.2.13) US Competitiveness Description of Use MANDATORY - Insert when IP rights for inventions are included in the OT agreement and with cognizant IP counsel to review the terms.

  • Pre-award Description of Use MANDATORY - Choose one option No pre-award costs allowed Pre-award costs with prior approval Pre-award costs at own risk Sample Language You are entitled to reimbursement for costs incurred on or after [MonthDayYear], as authorized by the pre-award costs letter dated [Date of Approval Letter], if such costs are allowable under this agreement.

  • The tax reserve will be computed using the highest marginal combined federal and state income tax rate anticipated for any of the Holders.

  • Sample Language: Upon confirmation, I will resign from my position on the board of directors of the Arlington Home for the Homeless.

Related to Sample Language

  • Primary language means the dominant language used by a person for communication.

  • plain language means language that can be understood by a reasonable person, applying a reasonable effort;

  • Speech-language pathology means the care and services provided by a licensed speech-language pathologist as set forth in the member state's statutes and rules.

  • Native language means, if used in reference to an individual of limited English proficiency, the following:

  • Speech-language pathologist means an individual who is licensed by a state to practice speech-language pathology.