Agreement Budget 2013 – 2015 Sample Clauses

Agreement Budget 2013 – 2015. 7.9.1 The Secretariat presented a proposed Agreement budget for the 2013-2015 triennium (MoP4 Doc 21) and a series of options for determining the scales of contributions to be provided by Parties (MoP4 Doc 22). 7.9.2 MoP4 Doc 22 summarised intersessional work that had been conducted to investigate and establish criteria to be used to evaluate the Scale of Contribution by Parties. 7.9.3 An informal budget group, chaired by New Zealand, was formed to consider these documents. The informal group made a number of revisions to the proposed budget and deliberated extensively on various options for the scale of contributions before presenting their recommended options (A and B) to the Meeting. 7.9.4 It was noted that the cost of translating documents was a significant component of the budget. The Meeting requested the Secretariat to prepare a policy on the translation of documents, with a view to reducing the cost of this item to the Agreement’s budget (refer also to comments in paragraphs 6.2.5 and 6.2.6 above). 7.9.5 Several delegations expressed the desire to have a policy developed to provide transparent guidance on the sponsorship of delegates and experts to meetings, to include an application procedure as well as criteria for qualification and selection. The Meeting requested the Secretariat to develop a policy in the intersessional period for consideration at MoP5. 7.9.6 Whilst none of the proposed scale of contributions options received unanimous support, the informal group considered Option 5 of MoP4 Doc 22 in greater detail to assess whether it provided a more desirable and fair approach, once revisions to the proposed budget had been incorporated. However, ultimately, the existing formula, which it was acknowledged was excessively complex, was the one that best met the current constraints of most Parties. 7.9.7 The Meeting of the Parties, therefore, decided to use the existing formula for the 2013-15 triennium. Nevertheless, while accepting this as the best available option, all Parties considered that there was a need for a new formula for future budgets that took better regard of the differing resources of the different Parties. It was also noted that the UN values from 2004 and 2007 had been used and that it would be appropriate to update these in future triennial budgets to the most recent available values. 7.9.8 Argentina remarked that it is important that, in the amendment of the scale of contributions, the formula should reflect the capacity of ...
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Agreement Budget 2013 – 2015. 6.2.1 The Executive Secretary presented a draft budget for the Agreement for the 2013-15 triennium (refer AC6 Doc 09 Rev1). It was noted that the budget had been prepared on a zero real growth basis, with an inflator of 3% for inflation increases. The outcomes of the Advisory Committee work programme for 2013-15 were incorporated into this document in Appropriation No. 4, resulting in a significant increase to the size of the draft budget, above that currently approved. 6.2.2 It was noted that a number of Parties face a stringent financial situation due to the current global economic situation. France expressed the fact that in these difficult financial times savings were needed. France was unable to accept an increase in the budget, even presented as an adjustment for inflation of 3%, which seemed high. France requested that its annual contribution for the next triennium not exceed the amount paid in 2011. France also indicated its preference for smoothing contributions over the three year period, so that their contribution in the final year of the triennium, which is when the Meeting of Parties occurs, did not lead to an increase in their contribution. 6.2.3 Discussion followed on whether a balanced draft budget should be presented to MoP4, or whether a deflator or inflator should be applied. It was agreed that the budget should be presented as shown in AC6 Doc 09 Rev2 with additional text included in the introduction to the budget providing an explanation for significant variances to amounts previously budgeted, and for new budget requests. France requested that this information be provided item by item, to facilitate informed discussion of the budget at MoP4. 6.2.4 It was also agreed that the Secretariat would prepare a document with two budgets, one including an inflator to reflect inflation, the other with zero growth. These budgets will be provided to MoP4 delegates as an electronic spread-sheet file prior to MoP4 by the Secretariat.
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Related to Agreement Budget 2013 – 2015

  • Budget Schedule Subrecipient agrees that the expenditures of any and all funds under this Contract will be in accordance with the Budget Schedule, a copy of which is attached hereto as Attachment C, and which by this reference is incorporated herein and made a part hereof as if fully set forth.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Budget The total amount of funds indicated by the District for the entire Project plus all other costs, including design, construction, administration, and financing.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • TERM OF COLLECTIVE AGREEMENT 1.01 Except where otherwise stated in this Collective Agreement, this Collective Agreement shall be in effect and expire on August 31, 2019, and from year to year thereafter unless notice, in writing, is given by either party to the other party not less than sixty (60) days nor more than one hundred and twenty (120) days prior to the expiration date of its desire to amend this Collective Agreement. 1.02 This Collective Agreement shall continue in force and effect until a new Collective Agreement has been executed or until the right to strike or lockout arises.

  • Budget Contingency Clause A. It is mutually agreed that if the Budget Act of the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall be of no further force and effect. In this event, the State shall have no liability to pay any funds whatsoever to Contractor or to furnish any other considerations under this Agreement and Contractor shall not be obligated to perform any provisions of this Agreement. B. If funding for any fiscal year is reduced or deleted by the Budget Act for purposes of this program, the State shall have the option to either cancel this Agreement with no liability occurring to the State, or offer an agreement amendment to Contractor to reflect the reduced amount.

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain:

  • Approved Budget (a) On the last Thursday of each month after the Second Amendment Effective Time, on or before 12:00 pm (New York City time) on such Thursday, Administrative Borrower shall prepare and deliver to the Administrative Agent, for review and approval by the Required DDTL Approving Lenders, an updated week-by-week operating budget for the then subsequent month (each a “Budget” and, once approved as set forth below, the “Approved Budget”), which shall reflect Administrative Borrower’s good faith projection, for the Borrowers and their respective Restricted Subsidiaries, of (a) all weekly receipts (including from asset sales) and expenditures (including ordinary course operating expenses and any other fees and expenses related to the Loan Documents) in connection with the operation of their businesses, (b) weekly disbursements, and (c) net cash flow, in each case, for such month. The Budget delivered during the week of March 4, 2024 shall be the Approved Budget for March 2024. Together with delivery of the Budget, Administrative Borrower shall provide the Administrative Agent (for subsequent delivery to the Lenders) a variance report (“Variance Report”) in a form and substance reasonably acceptable to the Required DDTL Approving Lenders, comparing the actual receipts, disbursements, and net cash flow for such month through the immediately preceding week compared to the Approved Budget, both in dollar ($) and percentage (%) figures and an explanation of the variance. Each week promptly after the delivery of the Variance Report, the Borrower’s senior management and financial professionals shall review the Variance Report in detail during a telephonic conference with the Lenders. If the proposed Budget was timely delivered and contains the requisite information, the Lenders shall have until 2:00 p.m. (New York City Time) on the first Business Day of the following week to review any Budget after which time such Budget shall become an Approved Budget for all purposes hereunder; provided, no such Budget shall become an Approved Budget if reasonably objected to in writing (which may include e-mail) during the review period by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) or Required DDTL Approving Lenders. (b) In the event that an event or circumstance occurs in between the monthly dates on which the Budgets are otherwise due pursuant to Section 6.24(a) which would make the then current Budget materially inaccurate, within two (2) Business Days of becoming aware of such event or circumstance, the Administrative Borrower shall provide notice of such event or circumstance to the Administrative Agent and the Lenders and promptly deliver a revised Budget reflecting the impact thereof. Without limiting the foregoing, the Budget shall be updated, modified or supplemented by the Administrative Borrower with the written consent of the Administrative Agent (at the direction of the Required DDTL Approving Lenders), and upon the request of the Administrative Agent (at the direction of the Required DDTL Approving Lenders) from time to time. (c) Each Budget delivered to the Administrative Agent and the Lenders shall be accompanied by such supporting documentation as reasonably requested by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) and shall be prepared in good faith, with due care and based upon assumptions the Borrower believe to be reasonable. (d) Within one (1) Business Day of any Loan Party having knowledge of their occurrence or existence, Administrative Borrower shall provide the Administrative Agent and Lenders with written notice of any event or condition which is reasonably likely to entail expenditures of more than $100,000 which is not included in the Approved Budget (including, but not limited, on account of an accident, environmental event or other unanticipated occurrence) or which would otherwise be reasonably likely to have a negative impact on the value of the Loan Parties’ and their Subsidiaries’ assets or future business prospects or a similar event.

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