Capital Funding. It is the Provider’s responsibility to ensure that a capital and equipment replacement programme is in place to ensure the continued delivery of the service. Capital is allocated directly to NHS Boards but NSD is responsible for funding the revenue consequences of capital equipment purchases. NSD must be consulted when the Provider wishes to invest capital for national services to ensure that NSD can support the revenue consequences of the investment in future years. NSD receives a nominal capital allocation to augment the capital replacement programme put in place by the Provider. This allocation is to ensure that any dated or failing equipment can be replaced before service delivery is compromised. The allocation does not cover buildings or infrastructure. The Provider will therefore ensure that the service has a planned programme for the maintenance of the buildings and facilities. The Provider will be invited to submit applications for capital investment by June of each year. Applications must be submitted by the Provider’s management team. NSD will undertake a prioritisation process and will allocate the capital funds to Providers where there is risk to delivery of the service. Procurement must be completed before the end of the financial year. Minor capital (items under £5,000 including VAT) is funded by revenue. All minor capital purchases not explicitly included in the indicative baseline should be agreed in advance with NSD.
Capital Funding. 6.1 Funding for capital improvements will be in accordance with plans to be prepared by the YMCA in conjunction with the Municipality and approved by Council. Funding of capital improvements shall be the Municipality’s responsibility.
Capital Funding. Capital funding is outside the scope of this Agreement and as such is not included in this Schedule.
Capital Funding. The DDRB may provide funding for equipment, furnishings, educational materials, renovations/repairs, and AGENCY Accreditation fees. Funding decisions are made on such items in the annual application cycle. Pilot Project funding may also be considered during the annual application process. The current DDRB policy regarding Capital Funding is applicable and follows the above noted payment cycle.
Capital Funding. 9. In addition to the core funding above, SFC may, from time to time, provide Jisc with capital funding for critical infrastructure investment, for example, funding to upgrade the regional networking infrastructure in Scotland. Reporting against our priorities
Capital Funding. The funds to be paid by the Executive to the Provider solely for the purpose of capital expenditure shall be managed under a separate process, that is, the Executive’s Capital Programme, and do not form part of this Arrangement. The Provider shall not proceed with any capital expenditure or project involving capital expenditure that will or may require funding (of a revenue nature or otherwise) to be provided at any time by the Executive without the express prior written consent of the Executive pursuant to this Arrangement. SET-OFF The Provider expressly agrees that the Executive, having given not less than 14 days’ written notice to the Provider, shall be entitled to withhold and set off monies owing to the Provider in accordance with this Arrangement in the event and to the extent that the Provider owes any monies, damages, costs or expenses to the Executive as a result of or in connection with the Provider’s performance or failure to perform its obligations under this Arrangement.
Capital Funding. The City’s most recent capital improvement plan will be used to update the total annual capital needs. A funding plan will be developed considering available resources from rate revenues, customer contributions, existing cash reserves and debt financing (as needed) to maintain the ongoing financial health of the water system.
Capital Funding. The Company shall pay on a quarterly basis to AMO an amount equal to ONE HALF PERCENT (0.5%) of the Company’s Gross Revenue for the Service Territory for the preceding quarter for Capital Funding. Capital Funding payment(s) shall be due and payable no later than forty-five (45) days after the close of the preceding quarter.
Capital Funding. The Company shall pay to the District an amount equal to one percent (1%) of Gross Revenue as capital support for the PEG Entities. The District shall allocate such amount among the PEG Entities in accordance with Appendix C. All such payments shall be made quarterly, at the same time as the Company pays the franchise fee to the District pursuant to Section 8.1 hereof, provided that, at the Closing, the Company shall make an advance payment of the first twelve (12) quarterly payments (i.e., all such payments that are due during the first three (3) years after the Effective Date). Such advance payment shall be based on the Company’s Gross Revenue for the last quarter ended before the Effective Date. On the date the Company would have made its twelfth quarterly payment, it shall report to OCTT the amount that each quarterly payment would have been if it had been calculated based on the Company’s actual Gross Revenue for each such quarter; the sum of such amounts shall be referred to as the “True-Up Amount.” If the True-Up Amount exceeds the amount of the advance payment the Company made at the Closing, the Company shall transmit a payment of the difference with its report. If the amount of the advance payment exceeds the True-Up Amount, the Company may deduct one quarter (¼) of the difference from each of the next four (4) quarterly payments. In the event that the difference exceeds the sum of those four (4) quarterly payments, the Company may continue to withhold quarterly payments to the PEG Entities until it has recovered the difference in full; if withholding only part of such a payment is necessary to recover the difference in full, the Company shall not withhold the other part. (As an illustration, if the overpayment were One Million Five Hundred Thousand Dollars ($1,500,000.00) and the quarterly payments after the true-up were to be Two Hundred Thousand Dollars ($200,000.00) each, the Company could withhold the first seven (7) quarterly payments following the true-up and one half (½) of the eighth such payment but would have to pay the other half (½) of the eighth such payment.) In performing such true-ups under this Section 4.2.1, no account shall be made for interest rates, inflation, the time value of money or other such factors.
Capital Funding in its capacity of original Depositor, hereby transfers and assigns to Depositor all of Capital Funding's right, title and interest in and to Southern Company Capital Trust VIII (as defined below).
