Common use of Basis of allocation Clause in Contracts

Basis of allocation. The underlying basis of allocation is half to the authority that would otherwise be paying a Levy and half to be shared across all Pool Members pro rata to their BRRS Baseline Funding. The detailed process through which this will operate comprises three elements: The allocation of any Gross Retained Xxxx and Net Retained Levy - this will be calculated in accordance with the Financial Protocol. See Schedule 1 to this Agreement The assessment of when an allocation from the Local Volatility Fund is due and how much any allocation will be. Allocations from the Local Volatility Fund will be made in accordance with the Financial Protocol which is attached as Schedule 1 to this Agreement ; and How the Local Volatility Fund will be shared should any authority decide to leave the Pool or the Pool is dissolved. When a Pool member leaves or the Pool is dissolved each authority will refund the Pool or receive from the Pool the balance in their Memorandum Local Volatility Fund which will be calculated in accordance with the Financial Protocol which is attached as Schedule 1 of this Agreement.

Basis of allocation. The underlying basis of allocation is half to the authority that would otherwise be paying a Levy and half to be shared across all Pool Members pro rata to their BRRS Baseline Funding. The detailed process through which this will operate comprises three elements: The allocation of any Gross Retained Xxxx Levy and Net Retained Levy - this will be calculated in accordance with the Financial Protocol. See Schedule 1 to this Agreement The assessment of when an allocation from the Local Volatility Fund is due and how much any allocation will be. Allocations from the Local Volatility Fund will be made in accordance with the Financial Protocol which is attached as Schedule 1 to this Agreement ; and How the Local Volatility Fund will be shared should any authority decide to leave the Pool or the Pool is dissolved. When a Pool member leaves or the Pool is dissolved each authority will refund the Pool or receive from the Pool the balance in their Memorandum Local Volatility Fund which will be calculated in accordance with the Financial Protocol which is attached as Schedule 1 of this Agreement.