ACE Overages Clause Samples

The ACE Overages clause defines how costs exceeding a predetermined Allowable Cost Estimate (ACE) are managed between contracting parties. Typically, this clause specifies the process for identifying, reporting, and allocating responsibility for expenses that surpass the agreed-upon budget cap, often requiring the contractor to notify the client and seek approval before incurring additional costs. Its core function is to control budget overruns and ensure both parties are aware of and agree to any extra expenditures, thereby minimizing financial disputes and promoting transparency in project cost management.
ACE Overages. Any Sector ACE overage that is not accounted for through a subsequent ACE transfer will be considered a violation of the Plan and regulations. NMFS may hold Members and the Sector jointly and severally liable for such overage as indicated in Article VII below. If the Sector or a Member exceeds its or their allocation, the overage will be deducted the following year on a pound for pound basis, after accounting for any transfers. A permanent reduction in Sector ACE will follow any vessels that leave the Sector. The Harvest Rules, Exhibit C, show how the Sector plans to avoid exceeding its ACE, along with actions to be taken should the ACE be exceeded. Overage penalties are identified in the schedule of penalties (Exhibit A). NMFS will withhold 20 percent of the Sector ACE at the beginning of the fishing year for a period of 61 days to allow time to process any end-of-year transfers of ACE and to determine whether any reductions in ACE are necessary due to overage in the previous year. If an overage occurs and a vessel(s) leaves the Sector but the remaining vessels have enough ACE to cover the overage deduction, the impacts on departing Members will be determined by the Infractions Committee and Board.
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ACE Overages. Any Sector ACE overage that is not accounted for through a 4 subsequent ACE transfer will be considered a violation of the Plan and regulations. GARFO may 5 hold Members and the Sector jointly and severally liable for such overage as indicated in Article
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ACE Overages. Any Sector ACE overage that is not accounted for through a 1 subsequent ACE transfer will be considered a violation of the Plan and regulations. NMFS may 2 hold Members and the Sector jointly and severally liable for such overage as indicated in Article
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ACE Overages. Any Sector ACE overage that is not accounted for 23 through a subsequent ACE transfer will be considered a violation of the Plan and 24 regulations. NMFS may hold Members and the Sector jointly and severally liable for 25 such overage as indicated in Article VII below. If the Sector or a Member exceeds its or 26 their allocation, the overage will be deducted the following year on a pound for pound 27 basis, after accounting for any transfers. A permanent reduction in Sector ACE will 28 follow any vessels that leave the Sector. 30 The Harvest Rules, Exhibit C, show how the Sector plans to avoid exceeding its ACE, 31 along with actions to be taken should the ACE be exceeded. Overage penalties are 32 identified in the schedule of penalties (Exhibit A). NMFS will withhold 20 percent of the 33 Sector ACE at the beginning of the fishing year for a period of 61 days to allow time to 34 process any end-of-year transfers of ACE and to determine whether any reductions in 35 ACE are necessary due to overage in the previous year. 37 If an overage occurs and a vessel(s) leaves the Sector but the remaining vessels have 38 enough ACE to cover the overage deduction, the impacts on departing Members will be 39 determined by the Infractions Committee and Board. 41 If an overage occurs and the Sector disbands completely each permit will receive a 42 percentage reduction in DAS equal to the maximum percentage overage of the ▇▇▇▇▇▇
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ACE Overages. Any Sector ACE overage that is not accounted for 14 through a subsequent ACE transfer will be considered a violation of the Plan and
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ACE Overages. Any Sector ACE overage that is not accounted for through a 13 reduction in Sector ACE will follow any vessels that leave the Sector. 15 The Harvest Rules, Exhibit C, show how the Sector plans to avoid exceeding its ACE, along with 16 actions to be taken should the ACE be exceeded. Overage penalties are identified in the schedule 17 of penalties (Exhibit A). GARFO will withhold 20 percent of the Sector ACE at the beginning of 18 the fishing year for a period of 61 days to allow time to process any end-of-year transfers of ACE 19 and to determine whether any reductions in ACE are necessary due to overage in the previous year. 21 If an overage occurs and a vessel(s) leaves the Sector but the remaining vessels have enough ACE 22 to cover the overage deduction, the impacts on departing Members will be determined by the
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Related to ACE Overages

  • Overages If your actual usage of the Cloud Service during the measurement period exceeds the entitlement stated on the ▇▇▇ portion of the Order Document, then you will be invoiced for the overage, as set forth in the Order Document.

  • Coverages This insurance applies to the Described Location, Coverages for which a Limit of Liability is shown and Perils Insured Against for which a Premium is stated. We cover:

  • ADDITIONAL COVERAGES We cover the following in addition to the limits of liability: A. Claim Expenses 1. Expenses we incur and costs taxed against an "insured" in any suit we defend;