Basis of Financial Contributions Sample Clauses

Basis of Financial Contributions. 18.5.1 It is agreed that in the First Financial Year, the Financial Contribution to the Pooled Fund shall be in line with details shown in Schedule 6. ). These amounts will be reviewed annually and at any time when further investment or disinvestment is approved in accordance with the Scheme of Delegation (Schedule 11).
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Related to Basis of Financial Contributions

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

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