Distribution of Funding Sample Clauses

Distribution of Funding. The Project Owner receives and manages the financial contributions to the Project from the Research Council and the Participants. The Project Owner disburses payments in accordance with the adopted Work Plan, reports approved by the Research Council and invoicing routines as set out in Section 7.4. A Participant is only entitled to receive payment for tasks it carries out / has procured and costs it has incurred in accordance with the adopted Work Plan. In accordance with its own accounting and management principles, each of the Participants shall be solely responsible for documenting its costs with respect to the Project, both towards the Research Council and the other Participants. The documentation shall be provided at the request of either the Project Owner or the Research Council. A Participant using less than its allocated share of the project funding will only receive payment for its actual and eligible costs in accordance with the Work Plan. A Participant using more than its allocated share of the project funding will only receive payment for the actual and eligible costs up to the amount equalling that allocated share of project funding. Disbursed funding that a Participant is not able to document as actual and eligible costs in accordance with the Work Plan shall be repaid. A Defaulting Party shall also cover any additional costs incurred by the other Participants as a result of the breach.
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Distribution of Funding. [Note: This reflects funding from the Eligible Organisation to the Participating Institutions as collaborators on the Project. Organisations providing only services, including only acting as a site for the clinical trial, should not be included as a party to the agreement.]
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Distribution of Funding. Table 1:
Sample 1
Distribution of Funding. (a) Subject to clause 5.2(c), UNSW must pay each Participating Institution the Funding amount specified in Schedule 2 to be paid to that Participating Institution. UNSW will pay those amounts at the times and in the manner specified in Schedule 2. (b) If payment in Schedule 2 is specified as being paid on a milestone, UNSW will not be obliged to pay any Funding until the milestone has been achieved to the satisfaction of UNSW. (c) UNSW is not obliged to make any payment under this Agreement unless and until UNSW has received the corresponding Funding from NHMRC and, if relevant, the Participating Institution has complied with its obligation to provide its Cash Contributions.
Sample 1
Distribution of Funding. The Administering Organisation will transfer portions of the Funding to the Collaborating Organisations as set out in Table 2 of Schedule 2 subject always to receipt of corresponding Funding from the ARC and Cash Contributions from each Collaborating Organisation. An Other Eligible Organisation must apply the Funding paid pursuant to clause 5.9 only for payment of expenses incurred and work undertaken in the conduct of the Project and must provide an annual financial acquittal to the Administering Organisation by 31 January of each year, for the Funding transferred to it in the previous calendar year. An Other Eligible Organisation must also provide to the Administering Organisation any other assistance it may reasonably require to satisfy the Partner Organisations and the ARC that funds were expended by the Other Eligible Organisation in accordance with the terms and conditions of this Agreement and the Funding Agreement. If the Administering Organisation incurs an obligation to a Collaborating Organisation or to the ARC with respect to an expenditure by an Other Eligible Organisation which is not authorised by this Agreement or the Funding Agreement, the relevant Other Eligible Organisation will return to the Administering Organisation, within 30 days of being requested to do so, the amount of funding that the Administering Organisation owes to the Partner Organisation or to the ARC on account of the relevant Other Eligible Organisation's unauthorised expenditure. Each Party must keep clear records of and account for all cash and in-kind Contributions made to the Project and for any Funding it receives pursuant to this clause 5. It is the responsibility of the Administering Organisation and/or Other Eligible Organisation at which a PhD Stipend recipient is enrolled to: manage the candidature of its PhD Stipend recipients in accordance with its legislation, policies and procedures; and assume responsibility for all costs of its PhD stipend recipient's candidature including, but not limited to, costs of relocation, periods of leave and thesis production.
Sample 1
Distribution of Funding. The Project Owner receives and administers the Research Council's financial contribution to the Project. All project funds and budgets are stated in NOK and are paid in NOK. Each of the Parties shall, in accordance with its own audit and management principles, be fully responsible for documenting its project costs, both to the Research Council and to the other Parties. Documentation must be provided at the request of either the Project Owner or the Research Council. A Party that uses less than the allocated share of the Project funds will only be reimbursed for its actual and justified costs in accordance with the Project Description. A Party that uses more than the allocated share of the Project funds will only have actual and justified costs covered upwards limited to the size of the allocated share of Project funds. Costs for “Other operating expenses” can be distributed/reimbursed to the Parties, if agreed in advance with the Project Owner. In order to approve such a reimbursement, the Project Owner will in advance require a budget for the activity, and the cost must be within the budget limitation of the project.
Sample 1
Distribution of Funding. 9.1.1 The Project Owner receives and manages the financial contributions to the Project from the Funding Authority and the Parties contributing with cash financing to the Research Centre. The Project Owner disburses payments in accordance with the adopted Work Plan, reports approved by the Funding Authority and according to the routines set out in Section 7.4. 9.1.2 Parties are only entitled to receive payment for the work performed and costs incurred in accordance with the adopted Work Plan. 9.1.3 In accordance with its own auditing and management principles, each of the Parties shall be solely responsible for documenting its own Project costs, both towards the Funding Authority and to the other Parties. Documentation shall be provided at the request of either the Project Owner or the Funding Authority. 9.1.4 A Party using less than its allocated share of the project funds will only receive payment for its actual and justified costs, in accordance with the Work Plan. A Party using more than its 9.1.5 Disbursed funding that a Party is unable to document as actual and eligible costs in accordance with the Work Plan shall be repaid. A Defaulting Party shall also cover any direct and immediate loss incurred by the other Parties due to the breach.
Sample 1
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Distribution of Funding. A member from the IRC will be designated to distribute the funding for the Fundamental Research Component to all Members (i.e., Principal and General) of the Consortium. Subawardee funding will be provided to the Consortium Member with which the Subawardee has or will have a legal relationship. NOTE: That means for proposal preparation purposes, each ARC and the IRC are to propose using the funding levels stipulated in PART III, including General Members and Subawardees as appropriate. However, during performance the IRC Member will be distributing the funding to all Principal and General Members. Subawardee funding will be provided to the Member engaging the Subawardee. That means if you are not the IRC member designated to distribute the funding, during performance you will be only receiving the funding for your organization and any subawardees engaged by your organization. Further, if you are the IRC member designated to distribute the funding, that means you will be receiving all of the Consortium funding (not just the portion for the IRC), and you will have to distribute this funding to all Principal and General Members of the Consortium. Offerors submitting proposals for the IRC are cautioned to include any and all applicable indirect costs associated with the distribution of funding.
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Related to Distribution of Funding

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Reduction of Funding State must, by law, terminate this Contract if funds are not appropriated or otherwise made available to support State’s continuation of performance of this Contract in a subsequent fiscal period. (§ 18-4-313(4), MCA). If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this Contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, State shall terminate this Contract as required by law. State shall provide Contractor the date State’s termination shall take effect. State shall not be liable to Contractor for any payment that would have been payable had the Contract not been terminated under this provision. As stated above, State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date State’s termination takes effect. This is Contractor’s sole remedy. State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

  • Duplication of Funding If Grantee receives any funding that is duplicative of funding received under this Grant Agreement that cannot be used for new or expanded eligible grant activities, Grantee will notify the assigned contract manager as soon as possible. System Agency may issue an amendment modifying budget and/or project activities to eliminate duplication. Additionally, Grantee understands that duplicative funding that cannot be re-programmed to support new or expanded grant-funded activities within the program’s scope may be de-obligated from this Grant Agreement and returned to System Agency.

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Limitation on Payment of Funding Despite section 4.1, the Funder: (a) will not provide any funds to the HSP until this Agreement is fully executed; (b) may pro-rate the funds identified in Schedule A to the date on which this Agreement is signed, if that date is after April 1; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 10.4; (d) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the Funder’s satisfaction; and (e) upon Notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the Funder’s assessment of the information contained in the Reports.

  • Source of Funding The County shall provide funding information to all sub-recipient/contractors for audit purposes, including the name of the program, the federal agency where the program originated, the CFDA number, and the percentages of federal, state, and local funds constituting the contract. A sub-recipient/contractor that is required to have a Single Audit based on 2 CFR Part 200 Subpart F and the State Single Audit Guide is required to submit to Shawano a reporting package which includes the following:

  • Provision of Funding 3.1 In each Funding Year, Ontario Health shall advise the HSP of the amount of its Estimated Provincial Subsidy. The amount of the Estimated Provincial Subsidy shall be calculated on both a monthly basis and an annual basis and will be allocated among the Envelopes and other funding streams applicable to the HSP, including the CFS. nd 3.2 The Estimated Provincial Subsidy shall be provided to the HSP on a monthly basis in accordance with the monthly calculation described in 3.1 and otherwise in accordance with this Agreement. Payments will be made to the HSP on or about the twenty-second

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Use of Funding 4.1 Unless otherwise provided in this Schedule B, the HSP shall use all Funding allocated for a particular Envelope only for the use or uses set out in the Applicable Policy.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations, subject to the provisions of Sections 2.13 and 2.14, shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third held by them; Fourth, to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings and (b) Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fourth held by them; and Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by Law. Subject to Section 2.03(c) and Section 2.13, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

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