Apportionment of Funds Sample Clauses

Apportionment of Funds. Subject to the Laws, revenues received in excess of the budgeted cost of operation will be reinvested in the provision of additional services by Agency, held in a reserve account for future needs, and/or otherwise used as determined by Agency. Revenues in excess of operational costs may also be returned to the Parties when such action is made a part of Agency’s adopted budget. Agency recognizes that some Parties have made greater contributions to the establishment of Agency than other Parties, when measured in terms of goods and services donated, forbearance in the collection of right-of-way fees, and/or other financial contributions. This difference in contributions will have no effect on membership rights, except that it may be reflected in return payments to Parties, which will be roughly proportional to the value of each Party’s contributions.
Sample 1
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Apportionment of Funds. Revenue a. General fund revenues and state aid (excluding Regional Transportation Aid) will be applied to each cost center’s part of the budget as follows: i. The portion of the revenue to be applied to each elementary school cost center’s share of the budget will be calculated as follows: - Using foundation enrollment data, the percentage of the total foundation enrollment for both member towns that is in grades Prek to Grade four in each member town will be calculated for each of the previous three years. - The average percentage for these three years will be calculated for each member town. - That average percentage for each member town will be multiplied by the total general fund revenue and state aid to determine the amount to be applied to that member town’s elementary school cost center’s share of the budget. ii. The portion of the revenue to be applied to the regional costs center’s share of the budget will be calculated as follows: - Using foundation enrollment data, the percentage of the total foundation enrollment for both member towns that is in grades five through twelve (including special education beyond grade twelve) will be calculated for each of the previous three years. - The average percentage for these three years will be calculated. - That average percentage will be multiplied by the total general fund revenue and state aid to determine the amount to be applied to the regional costs center’s share of the budget
Sample 1
Apportionment of Funds. 1.2.1 HOME Funds shall be restricted to an amount per dwelling unit in accordance with the Section 234-Condominium Housing basic mortgage limits for elevator-type projects effective May 24, 2017 per the HUD Office of Community Planning and Development in Federal Register Volume 82 Number 99. Lender shall allow the per-unit subsidy amount to be increased by 226 percent of the original per unit limits, per HUD’s annual high cost percentage and area revisions as published in Mortgagee Letter 2017-02 on January 11, 2017. 1.2.2 CDBG and HOME Funds shall be drawn in proportion to other funds involved in the respective Projects, or on a percentage of project completion. An example and more detailed description of form and format for draw requirements is provided in Schedule “B” to this Agreement.
Sample 1
Apportionment of Funds. These Funds shall be restricted to an amount per dwelling unit in accordance with 24 CFR 92.250 of the HOME Regulations, or any updates or amendments thereto, and as approved by CITY based on Developer’s site plans, elevations, specifications and cost estimates as submitted to the CITY by Developer and approved by the CITY.
Sample 1
Apportionment of Funds. Contingent upon the availability of funds, the Commission shall apportion funds to participating Districts at least annually based upon the apportionment criteria in subsection (c) of section 9106 of the Vehicle Code without the need to amend this Agreement.
Sample 1
Apportionment of Funds 
Sample 1

Related to Apportionment of Funds

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Return of Funds Contractor will return any overpayments due to unearned funds or funds disallowed pursuant to the terms of the Contract that were disbursed to the Contractor. The Contractor must return any overpayment within forty (40) calendar days after either discovery by the Contractor, its independent auditor, or notification by the Department or Customer of the overpayment.

  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • NON APPROPRIATION OF FUNDS This Contract is contingent upon the appropriation of sufficient funds by appropriate MPS officials. If funds are not appropriated, Contractor agrees to take back any commodities furnished under the Contract, terminate any services supplied to MPS under the Contract, and relieve MPS of any further obligations under the Contract.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

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