Defra Funding Clause Samples

Defra Funding. 9.1 Defra will make a contribution to the Partnership as set out in sub-clauses 9.2, 9.3 and 9.4. For years 2 - 4 (2012/13 – 2014/15) the figures are indicative allocations which are provided now in order to assist with long-term financial planning and will be confirmed as soon as possible. This is because experience from previous spending reviews suggests that these allocations can change over the spending review period, especially given the current tight financial circumstances. 9.2 The total grant allocation for the first year of the Term from Defra is [£ ] 9.3 The indicative total grant allocation for the second year of the Term from Defra is [£ ] 9.4 The indicative total grant allocation for the third year of the Term from Defra is [£ ] 9.5 The indicative total grant allocation for the fourth year of the Term from Defra is [£ ] 9.6 This four year settlement will be based on the current AONB funding formula. However the formula will be reviewed and may be subject to change during this Term. 9.7 This grant will be used towards Eligible Costs listed in sub clause 8.1, the provision of a Sustainable Development Fund and project activity in the context of a single pot [Schedule x] to achieve the outcomes set out in the Management Plan and the Annual Business Plan.
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Defra Funding. 9.1 Defra will make a contribution to the Partnership as set out in sub-clauses 9.2, 9.3 and 9.4. For years 3 - 4 (financial years 2013/14 – 2014/15) the figures are indicative allocations which are provided now in order to assist with long-term financial planning and will be confirmed as soon as possible. This is because experience from previous spending reviews suggests that these allocations can change over the spending review period, especially given the current tight financial circumstances. 9.2 The total grant allocation for the first year of the Term from Defra is £169,700 9.3 The total grant allocation for the second year of the Term from Defra is £160,000 (as confirmed by Defra 3rd Jan 2012) 9.4 The indicative total grant allocation for the third year of the Term from Defra is £150,389 (based on a 6% predicted reduction) 9.5 The indicative total grant allocation for the fourth year of the Term from Defra is £140,738 (based on a 6.4% predicted reduction) 9.6 This four year settlement will be based on the current AONB funding formula. However the formula will be reviewed and may be subject to change during this Term. 9.7 This grant will be used towards Eligible Costs listed in sub clause 8.1, the provision of a Sustainable Development Fund and project activity in the context of a single pot (Schedule 2) to achieve the outcomes set out in the Management Plan and the Annual Business Plan.
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Defra Funding. 9.1 Though Defra is not party to this MoA it is understood by the Parties that Defra will continue to make a contribution to the Partnership and that the 2015-16 level has already been set at the same level as that in 2014-15. This contribution is made under section 98 of the Natural Environment and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇. 9.2 This contribution is made with the expectation that the Funding Partners will continue to provide financial contributions which give medium term security, matching Defra’s commitment to an AONB funding programme. 9.3 This contribution comes as a single sum to be allocated by the Partnership following Staff Unit recommendations towards Eligible Costs listed in clause 8.1, and project activity to achieve the outcomes set out in the Management Plan and the Annual Business Plan.
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Defra Funding. 9.1 Though DEFRA are not party to this MoU, they will continue to make a contribution to the Partnership – the 2015-16 level has already been set at the same as that in 2014-15. This contribution is made under section 98 of the Natural Environment and Rural Communities Act 2006. 9.2 This contribution is made with the firm expectation that the Local Authority members of the North Pennines Area of Outstanding Natural Beauty Partnership will continue to provide financial contributions which give medium term security, matching DEFRA’s commitment to an AONB funding programme. 9.3 This contribution comes as a single sum, leaving the AONB Partnership free to approve the Staff Unit’s recommendations about how the money is allocated, and is made in support of the delivery of the vision, objectives and action plan of the Area of Outstanding Natural Beauty Management Plan and the AONB Unit Business Plan and its revisions. The AONB Management Plan and Unit Business Plan sets out a shared vision for and commitment to AONB management by all partners. 9.4 This contribution will be used towards Eligible Costs listed in sub clause 8.1, and project activity in the context of a single pot to achieve the outcomes set out in the Management Plan and the Annual Business Plan.
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Defra Funding. 8.1 Defra has provisionally agreed a funding contribution towards eligible costs of £146,352 for the 2015-16 financial year (see annex 1). 8.2 It is anticipated that Defra may give a multi-year indication of provisional funding from 2016- 17 but in any event it is anticipated that subsequent funding from Defra will be agreed with the Host Authority on an annual basis.
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Related to Defra Funding

  • Program Funding Upon entry into force of this Compact, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Eight Million Eight Hundred Fifty Thousand United States Dollars (US$408,850,000) to support the Program (“Program Funding”). The allocation of Program Funding is generally described in Annex II to this Compact.

  • Loan Funding The sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) is $ .

  • Initial Funding The obligations of the Lenders to make ---------------- their Loans under the Initial Funding shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 13.02): (a) The Administrative Agent, the Arranger and the Lenders shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. (b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower setting forth (i) resolutions of its managing member with respect to the authorization of the Borrower to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (ii) the officers or other designated persons of the Borrower (y) who are authorized to sign the Loan Documents to which the Borrower is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and (iv) the certificate of incorporation and bylaws, as amended, of the Borrower, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. (c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to the existence, qualification and good standing of the Borrower. (d) The Administrative Agent shall have received a compliance certificate which shall be substantially in the form of Exhibit D, duly and --------- properly executed by a Responsible Officer and dated as of the date of Effective Date. (e) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative Agent) of this Agreement signed on behalf of such party. (f) The Administrative Agent shall have received duly executed Notes payable to the order of each Lender in a principal amount equal to its Commitment dated as of the date hereof. (g) The Borrower shall have delivered to the Administrative Agent the Initial Funding Disbursement Request in the amount of $3,700,000. (h) The Administrative Agent shall have received from the Borrower duly executed counterparts of the ORRI Conveyance for each Lenders with respect to the Borrower's Oil and Gas Properties as of the date of such funding. (i) The Administrative Agent shall have received from U.S. Energy Corp. duly executed counterparts of the Warrant Agreement for each Lender. (j) The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments, including the Security Agreement, the Pledge Agreement and the other Security Instruments described on Exhibit F-1. In connection with the execution and delivery of the Security ------------ Instruments, the Administrative Agent shall: (i) be reasonably satisfied that the Security Instruments create first priority, perfected Liens on the Collateral, such Liens being subject only to Excepted Liens identified in clauses (a) to (d) and (e) of the definition thereof, but subject to the provisos at the end of such definition; and (ii) have received certificates, together with undated, blank stock powers for each such certificate, representing all of the issued and outstanding Equity Interests of the Borrower. (k) The Administrative Agent shall have received an opinion of ▇▇▇▇▇▇ & ▇▇▇▇▇▇, special counsel to the Borrower, substantially in the form of Exhibit E hereto. ---------- (l) The Administrative Agent shall have received a certificate of insurance coverage of the Borrower evidencing that the Borrower and the Operator are carrying insurance in accordance with Section 8.13. (m) The Administrative Agent shall have received title information as the Administrative Agent may require satisfactory to the Administrative Agent setting forth the status of title to the Oil and Gas Properties evaluated in the Initial Reserve Report as of the Effective Date. (n) The Administrative Agent shall be satisfied with the environmental condition of the Oil and Gas Properties of the Borrower and have received such reports as in form and scope satisfactory to the Administrative Agent and the Lenders as they may request related thereto, including a Phase 1 Environmental Report with respect to all ▇▇▇▇▇ a part of the Oil and Gas Properties of the Borrower. (o) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the Borrower and the Operator have received all consents and approvals required by Section 8.03. (p) The Administrative Agent shall have received (i) the financial statements referred to in Section 8.04(a), (ii) the Initial Reserve Report accompanied by a certificate covering the matters described in Section 9.12(b) and (iii) copies of all material contracts or agreements, including, but not limited to, all operating agreements covering the Oil and Gas Properties, as well as all marketing, transportation, and processing agreements related to such Oil and Gas Properties. (q) The Administrative Agent shall have received appropriate UCC search certificates reflecting no prior Liens encumbering the Properties the Borrower for each of the following jurisdictions: State of Wyoming, Albany, Converse, Platte, Campbell, and ▇▇▇▇▇▇▇ Counties, and any other jurisdiction requested by the Administrative Agent. (r) The Administrative Agent shall have received evidence that the Borrower has purchased one or more commodity price floors, collars or swaps acceptable to Administrative Agent and the Arranger (i) with one or more Approved Counterparties, and (ii) that have aggregate notional volumes of not less than 75% of the reasonably estimated projected natural gas production of currently producing ▇▇▇▇▇ of Borrower for the first 24 months following the date hereof, in each case, from its Proved Developed Producing Reserves, as determined by reference to the Initial Reserve Reports. (s) The Administrative Agent shall be satisfied that there are no negative price deviations in the oil and gas prices that would have a Material Adverse Effect on the value of the Borrower's Oil and Gas Properties. (t) The Administrative Agent shall be satisfied that there has been no Material Adverse Effect to the Borrower since December 1, 2003. (u) The Administrative Agent shall have received Letters-in-Lieu executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (v) The Administrative Agent shall have received Direction Letters executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (w) Since December 1, 2003, there shall not have been any disruption or adverse change in the financial or capital markets. (x) The Borrower and the Lenders shall have agreed upon the Development Plan. (y) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the Administrative Agent may reasonably request. The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 13.02) at or prior to 2:00 p.m., New York, New York time, on February 15, 2004 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time).

  • Fiscal Funding Notwithstanding any other provision of this agreement, the parties hereto agree that the charges hereunder are payable to the Contractor by the District solely from appropriations received by District. In the event such appropriations are determined by the Chief Financial Officer/Comptroller of the District to no longer exist or to be insufficient with respect to the charges payable hereunder, this Agreement shall immediately terminate without further obligation to the District upon notice that such appropriations no longer exist and are insufficient.

  • Per-pupil Funding The School's non-facility general fund per-pupil funding shall be as defined in Sec. 302D-28, HRS. The Commission shall distribute the School's per-pupil allocation each fiscal year pursuant to Sec. 302D-28(f), HRS, and shall provide the School with the calculations used to determine the per-pupil amount each year. All funds distributed to the School from the Commission shall be used solely for the School's educational purposes as appropriated by the Legislature, and the School shall have discretion to determine how such funding shall be allocated at the school level to serve those purposes subject to applicable laws and this Contract.