Cost Sharing Agreement Sample Clauses
A Cost Sharing Agreement clause defines how two or more parties will divide and pay for certain expenses related to a shared project or activity. Typically, this clause outlines the specific costs to be shared, the proportion or method of allocation, and the process for reimbursement or direct payment. By clearly establishing each party’s financial responsibilities, the clause helps prevent disputes over payments and ensures that all parties contribute fairly to the agreed-upon costs.
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Cost Sharing Agreement. Buyer acknowledges that Seller has assumed certain obligations under that certain Paradise Valley Infrastructure Cost Sharing Agreement dated October 20, 1989 ("Cost Sharing Agreement") with Arcadia Homes and Winncrest Development. This Cost Sharing Agreement provides for the completion of all infrastructure, common amenities, landscaping and other similar items on parcels at the Paradise Valley project. Seller shall remain responsible for completion of its responsibilities under the Cost Sharing Agreement with respect to the Property. Buyer covenants and agrees (i) to cooperate in, and not to interfere with, the full and complete implementation of the Cost Sharing Agreement and (ii) to supply Seller with any information on actual or estimated costs of improvements as may be requested and required by Seller for reporting purposes under the Cost Sharing Agreement.
Cost Sharing Agreement. Contributions from Innovacorp and the Province are subject to a cost sharing agreement which outlines responsibilities and the procedures for payments to HRM from both parties. For example, Innovacorp has prepared detailed design documents and HRM is responsible for tendering and contract administration. A draft cost sharing agreement is attached to this report which reflects the funding program approved by Council (See Attachment 1).
Cost Sharing Agreement. The Operating budget costs associated with the Itasca County Public Service Radio System (hereinafter “the System”), as more specifically described in Section 12 below, would be shared as follows: Life expectancy of units by Agency: Law Enforcement Agencies: Portables: 10 year life/120 months Mobiles: 10 year life/120 months Fire and EMS Agencies: Portables: 15 year life/180 months Mobiles: 15 year life/180 months Portables: 10 years life/120 months 115% Cost Amortization Mobiles: 15 years life/180 months 115% Cost Amortization 100% Cost of Product 5% Inflation dollars over life of product 2% New Radio Additions (New Staff Positions within Agencies.) 3% Unknown Factors (Radio’s Lost etc.)
Cost Sharing Agreement. Effective on or about May 1, 1997, representatives of the three Lower Colorado River basin states of Arizona, California, and Nevada entered into that certain “Lower Colorado River Multi-Species Conservation Program Inter-State Cost-Sharing Agreement” to provide funding commitments and arrangements with respect to the non-federal portion of the costs of the LCR MSCP. That agreement was amended, effective February 15, 2001, to provide additional funding with respect to the non-federal portion of the costs of the LCR MSCP for fiscal years 2000 through 2002. Funding for development of the LCR MSCP has been extended through the Effective Date of this Agreement.
Cost Sharing Agreement. 1. The Parties will provide Whatcom County with revenue to carry out the Program as outlined in Exhibit B, Cost-Sharing Plan, subject to subsection 3.2.C below, and as modified by task order entered pursuant to Article 4.
2. The respective cost-share of each Party for all management, design, procurement, and installation related to the Program shall be as outlined in Exhibit B, Cost-Sharing Plan, subject to subsection 3.2.C below. Parties will be billed for actual costs commensurate for their respective share as set forth in Exhibit B for the purposes specified in this Agreement, or as otherwise modified pursuant to subsection 3.2.C.
3. This Cost Sharing Plan may be amended based upon updated design, fabrication methods, implementation strategy, financing strategy, engineer’s estimate, etc., pursuant to subsection 3.2.C and through execution of a task order per Article 4.
4. Each jurisdiction agrees to work with the Program Manager to finalize their respective jurisdiction’s vehicular, parking, and/or pedestrian portion of the Program cost estimates of the Cost Sharing Agreement.
Cost Sharing Agreement. As stated above, in consideration of the significant expansion by Read-Rite of the scope of the license rights granted to Licensee hereunder, Read-Rite, Licensee and RRI are concurrently herewith entering into the Cost Sharing Agreement, a copy of which is attached hereto as Appendix D. The intent of such Cost Sharing Agreement is that Read-Rite, RRI and Licensee shall share the costs of research and development activities which the parties thereto mutually agree to include within the Research Program (as defined therein), and that the technology resulting from such projects will be subject to the licenses contemplated by this Agreement. Accordingly, any Developed Technology (as defined therein) generated by Read-Rite and/or RRI as part of the Research Program thereunder shall be considered "Read-Rite Technical Information" or "Read-Rite Industrial Property Rights" as appropriate and as defined herein. Similarly, any Developed Technology generated by Licensee as part of the Research Program thereunder shall be considered "Licensee Technical Information" or "Licensee Industrial Property Rights" as appropriate and as defined herein. Notwithstanding any other provision herein to the contrary, Specific Development Technology (as defined in the Cost Sharing Agreement) of Read-Rite and/or RRI thereunder shall not constitute Read-Rite Technical Information or Read-Rite Industrial Property Rights under this Agreement, nor shall Specific Development Technology of Licensee thereunder constitute Licensee Technical Information or Licensee Industrial Property Rights under this Agreement. As a result of the foregoing, neither Read-Rite nor Licensee shall have any rights whatsoever with respect to any Specific Development Technology of the other.
Cost Sharing Agreement. For FY 2013-14 and FY2014-15, the Unit agreed to concessions and the City agreed to restore and refund an amount equivalent to a portion of revenue if actual revenues exceed adopted budgeted revenues in the General Fund according to the formula listed in the sections below. Given that the formula is based on fiscal year audited revenues, the provisions of this section shall remain in full effect beyond the two year term of this agreement until the audit is completed and available for the purposes of implementing this section of the MOU. The total salary concession for this Unit on an annual basis is $230,140. This provision provides for the restoration and refund of the concession amount should the total audited revenues of each fiscal year corresponding to the term of this agreement exceed the adopted budgeted revenues of the General Fund for Fiscal year 2013-14 by $100,000 or more. • The City shall restore an amount equivalent to a percentage calculated by taking the difference in audited revenue for each corresponding year of this MOU and the base year revenue adopted in the FY 2013-14 General Fund Budget and dividing the absolute value by the adopted General Fund FY 2013-14 identified deficit. This shall occur the first full pay period following the City Council’s receipt of the audit. (Audited GF Revenue1 - Base Year Adopted FY 13-14 GF Revenue2) = “% of Concession Returned” Adopted FY 2013-14 GF Deficit3 1 Audited GF Revenue for the corresponding agreement year 2 Base Year GF Revenue as identified in the adopted FY 13-14 Budget ($14,375,555), Page ES-6 3 GF Deficit as adopted in FY 13-14 Budget ($978,894) • The concession restoration amount will be applied as agreed to between the City and the Unit, subject to meet and confer, at the time the restoration is calculated. • Furthermore, the City shall refund in a lump sum payment to each Unit member the concession amount in part retained by the City over each corresponding fiscal year of the term of this MOU if audited revenues exceed the base year revenue. The lump sum payment shall be equal to the calculated percentage from the formula above multiplied by the base salary received during the same term. • In accordance with CalPERS law, this payment will not be reported as “pay rate” or “special compensation” and will not be reported to CalPERS for the purposes of pension calculations. This language reflects the current 2013-14 Fiscal year City of Ukiah budget methodology. If the City changes the way ...
Cost Sharing Agreement a single agreement entered into between the Authority and a Stakeholder to provide a means for collecting the costs and expenses incurred by the Authority specified in Section 4.5, a form of which is attached for informational purposes only as Exhibit D.
Cost Sharing Agreement. Make when due all payments required to ---------------------- be made by FRIT LLC under the Cost Sharing Agreement, dated May 31, 2000, between FRIT LLC and VF Mall LLC; and provide evidence to Administrative Agent of the satisfactory completion (and approval by the applicable Governmental Authorities) of the work required to be performed by VF Mall LLC under said Cost Sharing Agreement when such work is completed.
Cost Sharing Agreement. Borrower shall not amend or authorize to be amended the Cost Sharing Agreement without the prior consent of Lender, such consent to not be unreasonably withheld.