Budget deviation and reallocation Sample Clauses

Budget deviation and reallocation. 1. The LP is responsible towards the Managing Authority for monitoring and ensuring that budget changes in budget lines, work packages, budgets and partner budgets are allowed as long as the maximum amount of funding awarded is not exceeded, that provisions related to State Aid discipline are respected and that they follow the conditions below: a) an increase of the original amount, as stated in the approved application, is possible in the budget line, the work packages budget (with the exception of work package “WP 0”) and/or the budget of partners. The increase is limited to a maximum of either € 20.000,- or 10% of the original amount of the budget line, the work packages and the budget of the partners2 and under the rules as defined in §4.5 a) of the Subsidy Contract; b) reallocation of amounts between budget lines, work packages budget (with the exception of work package “WP 0”) and/or between PPs resulting in an increase of up to 20% but to a maximum of EUR 250.000,- of the original budget of the budget line, work package budget and partner budget as stated in the latest approved application documents is possible3. The reallocation shall take place only once during the project period and under the rules as defined in § 4.5 b) of the Subsidy Contract. 2. Every PP shall timely inform the LP on any request of revision of its budget quota in respect to its original commitment. 3. In case § 11.1 a) or b) applies, the LP shall negotiate changes with its PPs beforehand and submit the proposal to the project Steering Committee for approval. 4. For budget changes exceeding the limit set in §11.1 b) of this Agreement, the LP based on its own and on information received from its PPs - shall submit a motivated request to the Managing Authority via the Joint Technical Secretariat. These changes may be approved by the Monitoring Committee on a case by case basis. 5. In case a change in the budget occurs, Annex IV of the present Agreement has to be amended accordingly and this change must be notified to the Managing Authority via the Joint Technical Secretariat.
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Budget deviation and reallocation. 1. The LP is responsible towards the Managing Authority for monitoring and ensuring that budget changes in budget lines, work packages, budgets and partner budgets are allowed as long as the maximum amount of funding awarded is not exceeded, that provisions related to State Aid discipline are respected and that they follow the conditions below: a) an increase of the original amount, as stated in the approved application, is possible in the budget line, the work packages budget and/or the budget of partners. The increase is limited to a maximum of either € 20.000,- or 10% of the original amount of the budget line, the work packages and the budget of the xxxxxxxx0 and under the rules as defined in §4.5 a) of the Subsidy Contract; b) reallocation of amounts between budget lines, work packages budget and/or between PPs resulting in an increase of up to 20% but to a maximum of EUR 250.000,- of the original budget of the budget line, work package budget and partner budget as stated in the latest approved application documents is possible2. The reallocation shall take place only once during the project period and under the rules as defined in § 4.5 b) of the Subsidy Contract. 2. Every PP shall timely inform the LP on any request of revision of its budget quota in respect to its original commitment. 3. In case § 11.
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Budget deviation and reallocation. 1. The LP is responsible towards the Managing Authority for monitoring and ensuring that budget changes in budget lines, work packages, budgets and partner budgets are allowed as long as the maximum amount of funding awarded is not exceeded, that provisions related to State Aid discipline are respected and that they follow the conditions below: a) an increase of the original amount, as stated in the approved application, is possible in the budget line, the work packages budget (with the exception of work package “WP 0”) and/or the budget of partners. The increase is limited to a maximum of either € 20.000,- or 10% of the original amount of the budget line, the work packages and the budget of the partners2 and under the rules as defined in §4.5 a) of the Subsidy Contract; b) reallocation of amounts between budget lines, work packages budget (with the exception of work package “WP 0”) and/or between PPs resulting in an increase of up to 20% but to a maximum of EUR 250.000,- of the original budget of the budget line, work package budget and partner budget as stated in the latest approved application documents is possible3. The reallocation shall take place only once during the project period and under the rules as defined in § 4.5 b) of the Subsidy Contract. 2. Every PP shall timely inform the LP on any request of revision of its budget quota in respect to its original commitment. 3. In case § 11.1 a) or b) applies, the LP shall negotiate changes with its PPs beforehand and submit the proposal to the project Steering Committee for approval.
Sample 1
Budget deviation and reallocation. 1. The LP is responsible towards the Managing Authority for monitoring and ensuring that budget changes in budget lines, work packages, budgets and partner budgets are allowed as long as the maximum amount of funding awarded is not exceeded, that provisions related to State Aid discipline are respected and that they follow the conditions below: a) an increase of the original amount, as stated in the approved application, is possible in the budget line, the work packages budget and/or the budget of partners. The increase is limited to a maximum of either €20.000,- or 10% of the original amount of the budget line, the work packages and the budget of the partners and under the rules as defined in §4.5 a) of the Subsidy Contract; b) reallocation of amounts between budget lines, work packages and/or between PPs resulting in an increase of up to 20% but to a maximum of EUR 250.000,- of the original budget of the budget line, work package budget and partner budget as stated in the latest approved application documents is possible. The reallocation shall take place only once during the project period and under the rules as defined in § 4.5 b) of the Subsidy Contract. 2. The PP shall timely inform the LP on any request of revision of its budget quota in respect to its original commitment. 3. In case § 11.1 a) or b) applies, the LP shall negotiate changes with its PP beforehand and submit the proposal to the project Steering Board for approval. 4. For budget changes exceeding the limit set in §11.1 b) of this agreement, the LP based on its own and on information received from its PPs - shall submit a motivated request to the Managing Authority via the Joint Technical Secretariat. These changes may be approved by the Monitoring Committee on a case by case basis. 5. In case a change in the budget occurs, Annex IV of the present agreement has to be amended accordingly and this change must be notified to the Managing Authority via the Joint Technical Secretariat.
Sample 1
Budget deviation and reallocation. 1. The Coordinator is responsible towards the Agency for monitoring and ensuring the notification of budget changes in the Action, individual Activities and transfer of budgets between Activities and transfer of budgets between Co-Beneficiaries which are allowed, as long as the maximum amount of funding awarded is not exceeded. Any budget transfer shall be made according to Article II.22 of the Grant Agreement. 2. Each Party may in compliance with Art II.22 of the Grant Agreement suggest to the other Parties an adjustment of the estimated costs of an individual activity which is described in the breakdown of the Action budget. Any such suggestion should be accompanied by a justification. The decision will be taken based on the principle of consensus by the Parties in written procedure by e-mail. 3. Each Party may suggest to the other Parties a budget transfer in compliance with Article II.22 of the Grant Agreement between the Co-Beneficiaries. Any such suggestion should be accompanied by a justification. The decision will be taken based on the principle of consensus by the Parties in written procedure by e-mail. 4. If necessary the Coordinator shall ask the Agency for approval of a budget transfer.
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Related to Budget deviation and reallocation

  • Post-Commercial Operation Date Testing and Modifications Each Party shall at its own expense perform routine inspection and testing of its facilities and equipment in accordance with Good Utility Practice as may be necessary to ensure the continued interconnection of the Large Generating Facility with the Participating TO’s Transmission System in a safe and reliable manner. Each Party shall have the right, upon advance written notice, to require reasonable additional testing of the other Party’s facilities, at the requesting Party’s expense, as may be in accordance with Good Utility Practice.

  • Budget Contingency Clause A. It is mutually agreed that if the Budget Act of the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall be of no further force and effect. In this event, the State shall have no liability to pay any funds whatsoever to Contractor or to furnish any other considerations under this Agreement and Contractor shall not be obligated to perform any provisions of this Agreement. B. If funding for any fiscal year is reduced or deleted by the Budget Act for purposes of this program, the State shall have the option to either cancel this Agreement with no liability occurring to the State, or offer an agreement amendment to Contractor to reflect the reduced amount.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Commercial Operation Date Testing and Modifications Prior to the Commercial Operation Date, the Connecting Transmission Owner shall test the Connecting Transmission Owner’s Attachment Facilities and System Upgrade Facilities and System Deliverability Upgrades and Developer shall test the Large Generating Facility and the Developer Attachment Facilities to ensure their safe and reliable operation. Similar testing may be required after initial operation. Developer and Connecting Transmission Owner shall each make any modifications to its facilities that are found to be necessary as a result of such testing. Developer shall bear the cost of all such testing and modifications. Developer shall generate test energy at the Large Generating Facility only if it has arranged for the injection of such test energy in accordance with NYISO procedures.

  • Four-Digit Date Compliance If this Agreement includes the purchase of systems, software, or instrumentation with imbedded chips, this section is applicable. Contractor represents and warrants that it will provide only Four-Digit Date Compliant deliverables and services to the JBE. “Four-Digit Date Compliant” deliverables and services can accurately process, calculate, compare, and sequence date data, including date data arising out of or relating to leap years and changes in centuries. This warranty and representation is subject to the warranty terms and conditions of this Agreement and does not limit the generality of warranty obligations set forth elsewhere in this Agreement.

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Effective Date and Allocations If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date.

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • Allocation of Charges There will not be any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any Taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with or treated as a disregarded entity of the Servicer for tax purposes.

  • OFFICE OF MANAGEMENT AND BUDGET (OMB) AUDIT REQUIREMENTS The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR 200.

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