Allocation Application Sample Clauses
The Allocation Application clause defines how resources, costs, or responsibilities are distributed among parties under an agreement. Typically, this clause outlines the specific criteria or formulas used to determine each party's share, such as dividing project expenses based on usage or assigning tasks according to expertise. Its core practical function is to ensure transparency and fairness in the distribution process, thereby minimizing disputes and clarifying each party's obligations.
Allocation Application. “Allocation Application” or “Application” shall mean the NMTC Program Application Form, together with any permitted attachments submitted (either in electronic or hard-copy format) by the Allocatee to the Fund, in response to the Notice of Allocation Availability (NOAA) inviting applications for the NMTC Program that was published in the Federal Register on July 15, 2005 and as amended March 10, 2006.