Budget and Financing Sample Clauses

Budget and Financing. The Recipient shall ensure that any property for an approved Project is acquired and that approved Project(s) are constructed and/or retrofitted by Proponents(s) within budgets and financing approved by the Recipient.
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Budget and Financing. 55. The present financial management system of the organization are cash deposits in bank, withdrawals in line with approved board resolution, monthly report on cash flow, annual financial reports, and keeping of book records.
Sample 1
Budget and Financing. The budget for the Agency shall be established and maintained by the Board in accordance with the Bylaws and the
Sample 1
Budget and Financing. The total budget of the within-country workplan amounts to US$ 474 000*. Financing (US$ Thousands) Budget (US$ Thousands) Corporate funds (AC, CVCA, and WHO Regional Office for Europe Flexible) Projected VCS (Known with great certainty)** Additional VCS to be mobilized 70 72 70 72 332 TOTAL 142 474 *The total budget is subject to adjustments on the basis of the planned “mode of delivery” ** Projected VCS funds are subject to adjustments on the basis of actual availability. The value of WHO contribution thus goes beyond the indicated monetary figures in this document, as it includes technical assistance and other inputs from HQ, RO, GDOs and also COs. The WHO Secretariat will, as part of its annual and biennial Programme budget implementation report to the Regional Committee, include an estimate of how the actual costs of the intercountry programme are distributed across different levels (regions and countries), as well as for the latter across individual countries.
Sample 1
Budget and Financing. The operation and maintenance of SUVPS will be financed with revenue from the Members and related services and other available moneys. SUVPS may also finance improvements, such as new construction and upgrades of existing facilities, through the issuance of revenue bonds. Revenue bonds may be issued by SUVPS from time to time for any purpose permitted under the Act or this Organization Agreement. Any bond issued by SUVPS is not a debt of any Member, and such bonds may be issued without the consent of the Members’ governing bodies. Prior to the issuance of any bonds by SUVPS, SUVPS shall send written notice of the planned bond issuance to the mayor/chairperson and administrator/manager of each Member. Such notices shall be sent via email and/or U.S. Mail and shall be sent at least thirty (30) days prior to the adoption of a parameters resolution for such bond issuance by the SUVPS Board of Directors. Annually, on or before July 1, SUVPS shall adopt a budget for the ensuing year in accordance with Utah law and in accordance with the requirements of its bond resolutions or indentures. At a minimum, each annual budget shall set forth, in reasonable detail, estimates of: revenues and operating and maintenance expenses; debt service and reserve requirements; cost of upgrade and/or replacement of existing facilities; and amount of contingency reserves. SUVPS will send a copy of the proposed annual budget to each Member on or before the April 1 preceding the start of the next budget year. By February 1 of each year, SUVPS shall provide the projected Demand Share for each Member, and any anticipated payments due to or from each Member based on the true-up between estimated and actual Demand Share for the current year, SUVPS shall monthly provide the Member representatives on the Board with a monthly statement of revenue and expenses. Budget adjustments may be made from time to time as needed with approval of the Board, as allowed by law. No Party to this Organization Agreement shall be liable for any bond, note, indebtedness or other obligation incurred by SUVPS, or be liable for the indebtedness of any other Member, or be liable for any indebtedness or contractual or other obligation with respect to the operation of SUVPS.
Sample 1
Budget and Financing. The budget for the Agency shall be established and maintained by the Board in accordance with the Bylaws and the Power Sale Agreements S-1. The operations of the Agency shall be financed from its own revenues and any moneys received by it from other sources. No Member shall be required to contribute money, services or properties to the Agency except as it may otherwise agree with the Agency.
Sample 1

Related to Budget and Financing

  • Financing Assuming the satisfaction of the conditions set forth in Section 7.01 and Section 7.02(b), Parent will have available to it at the Closing, sufficient cash, available lines of credit or other sources of immediately available funds to consummate the Merger and to pay the aggregate Merger Consideration to the Exchange Agent and any other amounts required to be paid by Parent in connection with the consummation of the transactions contemplated hereby to which it is a party and to pay all related fees and expenses of Parent and Merger Sub, including any repayment or refinancing of any outstanding indebtedness of Parent, the Company, and their respective Subsidiaries contemplated by, or required in connection with the transactions described in, this Agreement or the Commitment Letter (such amounts, the “Merger Amounts”), and there is no restriction on the use of such cash, available lines of credit or other sources of immediately available funds for such purposes. Parent has accepted and delivered to the Company a true, complete and correct copy, including all exhibits, schedules or amendments thereto, of the fully executed commitment letter, dated as of the date hereof, from Xxxxxx Xxxxxxx Senior Funding, Inc. (the “Commitment Parties”) to Parent (the “Commitment Letter”), pursuant to which the Commitment Parties have committed, upon the terms and subject to the conditions set forth therein (subject to any “market flex” provisions included in the fee letters dated the date hereof referred to therein (collectively, the “Fee Letter”), true and complete copies of each of which have been delivered to the Company redacted only with respect to fees, economic terms, pricing caps, “market flex” and other provisions that are customarily redacted in connection with transactions of this type and that would not in any event adversely affect the conditionality, enforceability, availability, termination or amount of the Financing), to provide the financing set forth in the Commitment Letter (the “Financing”). The Financing, when funded in accordance with the Commitment Letter and giving effect to any “market flex” provision in or related to the Commitment Letter (including with respect to fees and original issue discount), shall provide Parent with cash proceeds on the Closing Date in an amount at least equal to the Merger Amounts As of the date of this Agreement, the Commitment Letter has not been amended or modified in any manner prior to the date of this Agreement (nor is any such amendment or modification contemplated except (i) to add additional commitment parties as expressly contemplated in the Commitment Letter or (ii) to include commitments with respect to a revolving credit facility (or an amendment of Parent’s existing revolving credit facility)), and the respective commitments contained in the Commitment Letter have not been withdrawn, terminated or rescinded in any respect. Neither Parent nor Merger Sub has entered into any agreement, side letter, contract or other understandings or arrangement relating to the Financing other than as set forth in the Commitment Letter and the Fee Letter or as permitted under Section 6.11. The Commitment Letter is in full force and effect and represents a valid, binding and enforceable obligation of Parent and, to the Knowledge of Parent and Merger Sub, a valid, binding and enforceable obligation of the Commitment Parties, to provide the financing contemplated thereby subject only to the satisfaction or waiver of the conditions precedent set forth in the Commitment Letter and, in each case, subject to the qualification that such enforceability may be limited by bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting rights of creditors or by general principles of equity. Parent has fully paid (or caused to be paid) any and all commitment fees and other amounts, if any, that are due and payable on or prior to the date of this Agreement in connection with the Financing. As of the date of this Agreement, assuming the accuracy of the representations and warranties of the Company set forth in Article III such that the condition set forth in Section 7.02(a) is satisfied, the performance by the Company of its obligations under this Agreement such that the condition set forth in Section 7.02(b) is satisfied, and the satisfaction of the conditions set forth in Section 7.01, and assuming completion of the Marketing Period, no event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to constitute a breach or default on the part of Parent, or, to the Knowledge of Parent or Merger Sub, any other party thereto under the Commitment Letter. As of the date of this Agreement, assuming the accuracy of the representations and warranties set forth in Article III such that the condition set forth in Section 7.02(a) is satisfied, the performance by the Company of its obligations under this Agreement such that the condition set forth in Section 7.02(b) is satisfied, and the satisfaction of the conditions set forth in Section 7.01, and assuming completion of the Marketing Period, neither Parent nor Merger Sub has any reason to believe that Parent will be unable to satisfy on a timely basis any of the conditions to the Financing to be satisfied pursuant to the Commitment Letter on or prior to the Closing Date, nor does Parent have Knowledge that any of the Financing Sources will not perform its obligations thereunder. There are no conditions precedent or other contingencies related to the funding of the full amount of the Financing (including pursuant to any “market flex” provisions included in the Fee Letter), other than the conditions precedent expressly set forth in the Commitment Letter delivered to the Company on the date hereof. Parent and Merger Sub understand and acknowledge that under the terms of this Agreement, Parent’s and Merger Sub’s obligations to consummate the Merger are not in any way contingent upon or otherwise subject to Parent’s or Merger Sub’s consummation of any financing arrangements, Parent’s or Merger Sub’s obtaining of any financing or the availability, grant, provision or extension of any financing to Parent or Merger Sub.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

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