Alternate contributions Sample Clauses

Alternate contributions. 8.2.1 During the Term of this Agreement the Borough Councils shall apply the Interim Tariff Policy or the Tariff Policy so as to secure Tariff Contributions except for where a Borough Council is able to secure from a developer an alternate contribution which: (a) involves, in the reasonable opinion of the Borough Council, the carrying out of Works3; and 3 There may a risk that works procured in this manner could constitute a procurement to which the EU procurement rules would apply. (b) is, in the reasonable opinion of the Borough Council, of equivalent monetary value to that which the developer would be liable had the Interim Tariff Policy or the Tariff Policy been applied to the developer in question; (an Alternate Contribution). 8.2.2 Before accepting an Alternate Contribution the Borough Council concerned shall consult with the Kent except and the other Borough Council, CLG and DfT and provide them with all necessary details of the works that are to form the Alternate Contribution (including without limitation the estimated cost of the procurement of the Alternate Contribution works [from a third party]).
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Alternate contributions. 5.3.1 During the Term of this Agreement the Borough Councils shall procure Developer Contributions except for where a Borough Council is able to secure from a developer an alternate contribution which: - a) involves, in the reasonable opinion of the Borough Council, the carrying out of a Works Package; and b) is, in the reasonable opinion of the Borough Council, of equivalent monetary value to that which the developer would be liable had a Developer Contribution been required. (an Alternate Contribution). 5.3.2 Before accepting an Alternate Contribution the Borough Council concerned shall consult with and seek the agreement of Kent that the Alternate Contribution meets the definition set out in clause 5.3. 1. The Borough Council shall provide details of the Works that are to form the Alternate Contribution (including without limitation the estimated cost of the procurement of the Alternate Contribution works [from a third party]).
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Alternate contributions. 6.2.1 During the Term of this Agreement the Borough Councils shall procure Developer Contributions except for where a Borough Council is able to secure from a developer an alternate contribution which: (a) involves, in the reasonable opinion of the Borough Council, the carrying out of a Works Package2; and (b) is, in the reasonable opinion of the Borough Council, of equivalent monetary value to that which the developer would be liable had a Developer Contribution been required (an Alternate Contribution). 6.2.2 Before accepting an Alternate Contribution the Borough Council concerned shall consult with [Kent and the other Borough Council][the Steering Group] and provide them with details of the Works that are to form the Alternate Contribution (including without limitation the estimated cost of the procurement of the Alternate Contribution works [from a third party]).
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Related to Alternate contributions

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Contribution Amounts The Company, the Selling Shareholders and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.6. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.