Common use of Budget and costs Clause in Contracts

Budget and costs. 6.1 The BSCEE members contribute in equal parts to the BSCEE budget. 6.2 Starting from calendar year 2022, the annual contribution is EUR 500. In the event that the BSCEE bank account balance falls to EUR 50,000 or below, the Secretariat shall notify members in writing about this fact. In the calendar year following the notification referred to above, the annual contribution shall be set at EUR 1,000. 6.3 The amount of the members’ annual contribution shall be determined and approved by the Member’s Conference in conformity with point 4.

Appears in 2 contracts

Samples: Agreement on the Organisation and Governing Rules of the Group of Banking Supervisors From Central and Eastern European Countries, Agreement on the Organisation and Governing Rules of the Group of Banking Supervisors From Central and Eastern European Countries

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Budget and costs. 6.1 The BSCEE members contribute in equal parts to the BSCEE budget. 6.2 Starting from calendar year 2022, the . The annual contribution is EUR 500. In the event that the BSCEE bank account balance falls to EUR 50,000 or below, the Secretariat shall notify members in writing about this fact. In the calendar year following the notification referred to above, the annual contribution shall be set at EUR 1,0001000. 6.3 6.2 The amount of the members’ annual contribution shall be determined and approved by the Member’s Conference in conformity with point 4.

Appears in 2 contracts

Samples: Agreement on the Organisation and Governing Rules of the Group of Banking Supervisors From Central and Eastern European Countries, Agreement on the Organisation and Governing Rules of the Group of Banking Supervisors From Central and Eastern European Countries

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