Topic:"Financing Alternatives" in M03589

5. FUNDING - 5.1 The Parties shall: - (a) make funding contributions to the Project in accordance·with Table I, "Funding Contribution Table" set out in Schedule "E" ("Table I "); and - (b) provided that they not in default of their respect...

AI summary The funding section outlines the Parties' obligations to contribute to the Project, referencing Table I in Schedule E. Each Party may reduce its contribution up to 60% of its obligation without liability, but such reductions require the Executive Oversight Committee's consent.

10. Total Project Cost $38 million - 11. Funding amount Requested from the CEF Fund $19 million - 12. Has this proposal been submitted to other funding organizations? (Y/N), if Y, please list their names and contact information) New Brunsw...

AI summary The proposal requests $19 million from the CEF Fund for a total project cost of $38 million. The document also asks whether the proposal has been submitted to other funding organizations, listing New Brunswick Climate Action Funding, Atlantic Opportunities Agency, and the Governments of New Brunswick, Nova Scotia, and Prince Edward Island as potential funders.

SCHEDULE"E" CONTRIBUTIONS The Federal Contribution Agreement stipulates that the maximum Contribution per project can not exceed 50% oftotal Project costs. If the Project costs are less than $32,053,000, the funding eligibility for each Pa...

AI summary The Federal Contribution Agreement limits contributions to 50% of total project costs, with funding eligibility decreasing if project costs are below $32,053,000. Detailed funding scenarios are outlined in Section D.

A. Funding Contributors Table I below provides a summary of all ftmding contributors to the Project. All funding contributed to the Project from Natural Resources Canada ("NRCAN"), University of New Brunswick ("VNB") and technology partner...

AI summary The document outlines the funding contributors to the Project, including contributions from NRCAN, UNB, and technology partners, totaling up to $17.3 million. Contributions are conditional on regulatory approvals by November 30, 2010, and adjustments may be made if contributions fall short of amounts specified in Table I.

I. Optimal Funding Allocation In the event of a shortfall in the amount to be contributed by one or more of the Utilities ("Shortfall"), there will be a corresponding reduction in the portion of the Shared Funding received from NRCAN and t...

AI summary This section outlines how funding will be reallocated in the event of a shortfall by one or more Utilities, with the Shared Funding from NRCAN being adjusted accordingly. Table 4 provides the optimal funding allocation scenario based on total Shared Funding of $17,300,000 and total Project costs of $32,053,000.

2 3 The following parties had some level of participation in the original application through - 4 engagement, or as collaborators, however they are currently not part of the project as applicants: - 5 Efficiency New Brunswick, GE Multilin,...

AI summary The original application proposed a $38M project with $19M in federal funding, but after NRCAN approved $15.9M, the project was scaled to $32M. Several parties were involved in the original application but are not current applicants.

Request IR-6: - Reference Page 4 of 151, Project Funding Structure - a. Please provide details on the sources of the $2.4 million of NS Funding. - b. Does the total estimate of $32.1 million include any contingency? If not, please explain...

AI summary The document requests detailed information on the funding structure for a project, including the sources of $2.4 million in NS Funding, contingency inclusion in the $32.1 million estimate, cost overruns, potential ATO requests, and discrepancies in contingency amounts between notes and estimates.