Annual Funding Sample Clauses
The Annual Funding clause defines the process and requirements for allocating and disbursing funds on a yearly basis under an agreement. Typically, it specifies the amount of funding to be provided each year, the schedule for payments, and any conditions that must be met before funds are released, such as submission of budgets or progress reports. This clause ensures that financial commitments are clearly outlined and managed on an annual cycle, helping both parties plan resources effectively and avoid misunderstandings about ongoing funding obligations.
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Annual Funding. Funding will be made available on a year to year basis, dependent upon congressional action which appropriates funds for these programs. The local Regional Workforce Investment Board (RWIB) and the Chief Elected Official (CEO) board approve the continuation of funding to this HCC. Additional termination policies are identified in Article 3.1.
Annual Funding. Subject to the terms of this Agreement, the Funder:
4.1.1 will provide the Funding identified in Schedule A to the Hospital for the purpose of providing or ensuring the provision of the Hospital Services; and
4.1.2 will deposit the Funding in equal installments, twice monthly, over the term of this Agreement, into an account designated by the Hospital provided that the account resides at a Canadian financial institution and is in the name of the Hospital.
Annual Funding. When annually appropriated funds are cited on an order for term licenses and/or maintenance, the period of the term licenses and/or maintenance shall automatically expire on September 30 of the contract period, or at the end of the contract period, whichever occurs first. Renewal of the term licenses and/or maintenance orders citing the new appropriation shall be required, if the term licenses and/or maintenance is to be continued during any remainder of the contract period.
Annual Funding. The LHIN will provide the Hospital with the Funding specified in Schedule C in equal installments twice monthly unless otherwise agreed. The LHIN is not responsible for any commitment or expenditure by the Hospital in excess of the Funding that the Hospital makes in order to meet its commitments under this Agreement nor does this Agreement commit the LHIN to provide additional funds during or beyond the term of this Agreement.
Annual Funding. In order to remain a Party to this Interlocal Agreement each Party shall make its annual cash payment, subject to appropriation by the Party, in the amount specified on the line for that Party on Exhibit Bthe By-Laws. Failure to make such paymentpayments shall automatically terminate such Party'sparty’s rights and obligations under this Agreement, unless the Executive CouncilBoard of Directors votes to the contrary.
Annual Funding. Subject to ▇▇▇▇▇▇▇▇▇ ▇.▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ will pay to the Toquaht Nation $14,118 in each Fiscal Year of this Agreement.
Annual Funding. Subject to the terms of this Agreement, the LHIN:
4.1.1 will provide the Funding identified in Schedule A to the Hospital for the purpose of providing or ensuring the provision of the Hospital Services; and o H w d
4.1.2 will deposit the Funding in equal installments, twice monthly, over the term of this Agreement, into an account designated by the Hospital provided that the account resides at a Canadian financial institution and is in the name of the Hospital. This provision was adapted from the 2008-10 -SAA and as amended to increase consistency across vari us SAAs. A material change in practice regar ing determination and rovision of hospital funding is not nticipated.
Annual Funding. Budgets, Financial and Cash Flow Projections, Financial Reporting. 7.4 Fiscal Agent.
Annual Funding. (a) For the term of this Grant Agreement during which the City receives the payments of five percent (5%) of RCN's Gross Annual Revenues, as defined in the RCN Renewal License ("RCN's Revenues"), less applicable fees, and receives the payments of five percent (5%) of Comcast's Gross Annual Revenues, as defined in the Comcast Renewal License ("Comcast's Revenues"), less applicable fees, the City shall provide SCATV with the following funding:
(i) SCATV shall receive one hundred percent (100%) of the combined total of the RCN and Comcast five percent (5%) of Gross Annual Revenues payments intended as PEG Access franchise fees received by the City as provided for under the respective Comcast and RCN cable television Renewal Licenses (the “5% PEG Access Fees”), subject to Sections 9(a)(ii), 9(a)(iii), 9(b) – (e) below and the terms of this Grant Agreement, which Sections in the aggregate ensure that funding from the PEG Access franchise fees received by SCATV shall in no event equal less than the average of $475,000.00 per year ($1,425,000 in total calculated over the Term of this Grant Agreement) (subject to the payments and the foregoing being in compliance with applicable law and the terms of this Grant Agreement, including being subject to the City’s receipt of sufficient funds from Licensees). Said funding shall be used by SCATV for expenses related to the provision of Public Access programming and the promotion thereof to Somerville Subscribers related to the mission of SCATV.
(ii) For Calendar Year 2023 5% PEG Access Fees, SCATV shall receive one hundred percent (100%) of the 5% PEG Access Fees for 2023.
(iii) For Calendar Year 2024 and Calendar Year 2025 5% PEG Access Fees, SCATV shall receive up to or equal to 100% of said 5% PEG Access Fees subject to the following: If, in Calendar Year 2024 or Calendar Year 2025 during the Term of this Agreement, the City Council approves a general fund budget for the City of Somerville’s CityTV Video and Television Services Division that is less than the Adjusted FY2023 CityTV PEG Funding, the amount of the 5% PEG Access Fees received by SCATV shall be reduced by the difference between the current year’s City Council-appropriated CityTV budget and the adjusted FY23 CityTV budget; however, the foregoing reduction shall in no event bring SCATV’s funding from the 5% PEG Access Fee below $387,500.00 for the calendar year (subject to the foregoing being in compliance with applicable law and the terms herein, and subject...
Annual Funding. Subject to ▇▇▇▇▇▇▇▇▇ ▇.▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ will pay to the Ucluelet First Nation $41,317 in each Fiscal Year of this Agreement.