Finance Arrangements. The Host Entity shall cover the costs associated with the general use of premises, infrastructure, equipment, products and consumables during the period of the agreement. In no event shall the Host Entity be responsible for the payment or waiver of any cost associated with the accommodation, board or travel expenses of the ESR. The ESR will not receive any other incomes than those received from the [YOUR INSTITUTION SHORT NAME] for the activities carried out in the framework of this agreement.
Finance Arrangements. The general principles are agreed as: • The Council and NHS Highland recognise that they each have continuing financial governance responsibilities, and have agreed to establish Argyll and Bute Integration Joint Board as a “joint operation” as defined by IFRS 11. • The Council and NHS Highland will work together in the spirit of partnership, openness and transparency. • The Council and NHS Highland payments to Argyll and Bute Integration Joint Board derive from a process that recognises that both organisations have expenditure commitments that cannot be avoided in the short to medium term. The Council and NHS Highland will prepare and maintain a record of what those commitments are and provide this to Argyll and Bute Integration Joint Board. • Argyll and Bute Integration Joint Board will monitor its financial position and make arrangements for the provision of regular, timely, reliable and relevant financial information on its financial position which will be shared with the Council and NHS Highland. Argyll and Bute Integration Joint Board, the Council and NHS Highland will share financial information to ensure all parties have a full understanding of their current financial information and future financial challenges and funding streams. • The existing financial regulations of the Council and NHS Highland will apply to resources transferred to Argyll and Bute Integration Joint Board. And NHS Highland Health Board, established under section 2(1) of the National Health Service (Scotland) Act 1978 (operating as “Argyll and Bute CHP“) and having its principal offices at Assynt House, Beechwood Park, Inverness, IV2 3BW Aros, Lochgilphead, Argyll PA31 8LB] (hereinafter referred to as “NHS Highland”) (together referred to as “the Parties”).
Finance Arrangements. The general principles are agreed as: • The Council and NHS Highland recognise that they each have continuing financial governance responsibilities, and have agreed to establish the IJB as a “joint operation” as defined by IFRS 11. • The Council and NHS Highland will work together in the spirit of partnership, openness and transparency. • The Council and NHS Highland payments to the IJB derive from a process that recognises that both organisations have expenditure commitments that cannot be avoided in the short to medium term. The Council and NHS Highland will prepare and maintain a record of what those commitments are and provide this to the IJB. • The IJB will monitor its financial position and make arrangements for the provision of regular, timely, reliable and relevant information on its financial position which will be shared with the Council and NHS Highland. The IJB, the Council and NHS Highland will share financial information to ensure all parties have a full understanding of their current financial information and future financial challenges and funding streams. • The existing financial regulations of the Council and NHS Highland will apply to resources transferred to the IJB. And
Finance Arrangements. 10.1 Maroondah City Council will be responsible for managing EAGA’s finances. Funding received from member councils will be used for the core operation of EAGA which includes staff salary and on-costs (including, superannuation, WorkCover accrual, long service leave accrual, sick leave and leave loading, on-costs) and other operational costs. The host council will absorb overhead and administrative costs associated with the position.
10.2 The host council will report to member councils on an annual basis in regard to the EAGA funds spent in each financial year and the budget balance (the EAGA Reserve). The host council will invoice each member council for their membership fee in May of each year for the coming financial year.
10.3 The EAGA Reserve will be used for supporting project work and capacity building opportunities for EAGA members. Additional funding to facilitate priority projects will be sought from member councils and via funding applications to state and federal government and other organisations as opportunities arise.
10.4 To ensure that the host council is not exposed to financial risks associated with a council member exiting the Alliance, a minimum $50,000 surplus will be retained within the EAGA Reserve to ensure that employment contracts can be honoured and/or redundancy payments can be made to EAGA staff. Members agree that the minimum reserve surplus can be allocated to meeting staff costs to ensure service continuity for remaining m4embers.
Finance Arrangements. 10.1 Details of all overdraft and loan facilities of each Group Company have been Disclosed, (including all Intra-Group Borrowings, Intra-Group Lendings and all intragroup loans and facilities within the Group).
10.2 All overdraft and loan facilities of each Group Company are accurately recorded in the Locked Box Accounts, inclusive of any accrued interest owing as at the Locked Box Date.
10.3 All Intra-Group Borrowings and Intra-Group Lendings are accurately recorded in the Locked Box Accounts, inclusive of any accrued interest owing as at the Locked Box Date.
10.4 The amount borrowed by each Group Company does not exceed the amount stated in the relevant financial facility and the total amount borrowed by each Group Company does not exceed any limitations on the borrowing powers set out in its articles of association.
10.5 No Group Company has received written notice in the twelve (12) months immediately preceding the date of this Agreement that it has committed an event which is an event of default of the terms of any borrowing or financial facility to which it is a party.
10.6 No written demand or notice to repay has been received under, and so far as the Sellers are aware, no event has occurred or been alleged which is, or which may become or result in, an event of default, an early repayment or a breach of the terms of or under any borrowing or financial facility of any Group Company.
10.7 There are no loans or other financial indebtedness between the Group Companies and members of the Seller Group other than the Intra-Group Borrowings and Intra-Group Lendings.
Finance Arrangements. 10.1 The name and address of each bank with which each Group Company maintains a bank account together with full details of each account (including the account name and number, all authorities and mandates, standing orders and direct debits) are set out in the Disclosure Letter.
10.2 No payment has been made out of any of the bank accounts except for routine payments in respect of trading in the ordinary course of business.
10.3 Full details of all overdraft, loan and other financial facilities of each Group Company (including the amounts and terms of all borrowings) are set out in the Disclosure Letter (the “Existing Facilities”).
10.4 The amount borrowed by each Group Company under the Existing Facilities does not exceed the amount stated in the relevant financial facility and the total amount borrowed by each Group Company does not exceed any limitations on the borrowing powers set out in its memorandum and articles of association or equivalent constitutional documents.
10.5 Except in relation to the Property and Construction Agreements, no guarantee, indemnity, mortgage, charge, pledge, lien, debenture, hypothecation, assignment, novation, transfer of rights or title, deposit or other security agreement or arrangement has been given by or entered into by any Group Company or third party in respect of any obligations of any Group Company (including, without limitation, in respect of borrowings) or in respect of the indebtedness or obligations or otherwise of any other person other than with respect to the Existing Facilities as set out in the Disclosure Letter.
10.6 Except for the Existing Facilities, no Group Company has outstanding any financial indebtedness, borrowing, loan, loan capital or debt obligation of whatsoever nature (including, without limitation, any fee or similar instrument or liability) or has incurred or agreed to incur any financial indebtedness, borrowing, loan, loan capital or debt obligation of whatsoever nature (including, without limitation, any fee or similar instrument or liability) which it has not irrevocable and unconditionally repaid, discharged or satisfied, in each case, in full, or any liability (actual or contingent, present, past or future) of whatsoever nature under any contract, agreement, debt instrument, quasi-debt instrument, guarantee, indemnity or letter of credit or any leasing, rental, hire purchase, credit sale or conditional sale agreement or any instrument similar in nature.
10.7 No Group Company has lent ...
Finance Arrangements. 11.1 Except for the Group Debt Facilities, no Lien has been given by or entered into by any Group Company in respect of any obligations of it or another Group Company (including in respect of borrowings) or in respect of the indebtedness or obligations of any other person.
11.2 Except for the Group Debt Facilities, no Group Company has outstanding any loan capital or has incurred or agreed to incur any borrowing over €1,000,000 in value which it has not repaid or satisfied.
11.3 Except for loans to another Group Company, no Group Company has any loans in excess of €1,000,000 in the aggregate outstanding to other persons, other than debts that have arisen in respect of trading and in the ordinary course of business.
11.4 Except as may be triggered by the execution, delivery or performance of the Transaction Agreements, no event which is, or which could reasonably be expected to become, an event of default under or result in a material breach of the terms of any borrowing or financial facility of any Group Company has occurred or been alleged.
11.5 Except for guarantees issued by a Group Company in the ordinary course of business, no Group Company has undertaken any guarantee or other contingent liability with respect to any indebtedness or liability of any third party other than to another Group Company.
Finance Arrangements. 9.1 The Host Entity shall cover the costs associated with the general use of premises, infrastructure, equipment, products, and consumables during the period of the Secondment.
9.2 The Host Entity shall not be responsible in any case for the payment or waiver of any cost associated with the accommodation, board, or travel expenses of the SSM.
9.3 The Seconding Entity shall provide the SSM with a top-up allowance to cover the travel, accommodation and subsistence of the Secondment. The amount is calculated as 2100 EUR multiplied by number of months actually spent by the SSM (each month is considered to have 30 days), on the condition that the total duration of Secondments per individual SSM within InterTAU Project does not exceed 12 months. The duration of a Secondment of an individual SSM at the Host Entity must be at least 1 month. For partial months of Secondment, a pro-rata unit cost of 1/30 will be reimbursed for each day. The SSM must submit documents of expenses against allowance to the Seconding Entity. The Seconding Entity must use the total amount of top-up allowance for the direct benefit of the SSM.
Finance Arrangements. (a) The name and address of each bank with which any Acquired Company other than Petrodelta maintains, and, to Seller’s Knowledge, with which Petrodelta maintains, a bank account and full details of each account (including the account name and number, a statement showing the balance as at the day immediately preceding the Execution Date, all authorities and mandates, standing orders and direct debits) are set forth in the Seller Disclosure Letter. Since the Execution Date, except for any Permitted Distributions or Permitted Balance Transfers, no payment has been made out of any such account maintained by an Acquired Company other than Petrodelta other than to satisfy legitimate obligations of the owner of such account. To Seller’s Knowledge, since the Execution Date, except for any Permitted Distributions, no payment has been made out of any such account held by Petrodelta other than to satisfy legitimate obligations of Petrodelta.
(b) No Acquired Company other than Petrodelta has, and, to Seller’s Knowledge, Petrodelta has not, taken any overdraft, loan, financial facility or any borrowings or other financial facilities.
(c) No guarantee, mortgage, charge, pledge, lien or other security agreement or arrangement has been given by or entered into by any Acquired Company other than Petrodelta or third party in respect of any obligations of any such Acquired Company (including in respect of borrowings) or in respect of the indebtedness or obligations of any other Person.
(d) To Seller’s Knowledge, no guarantee, mortgage, charge, pledge, lien or other security agreement or arrangement has been given by or entered into by Petrodelta in respect of any obligations of any Acquired Company including in respect of borrowings or in respect of the indebtedness or obligations of any other Person.
(e) No Acquired Company other than Petrodelta has outstanding, and, to Seller’s Knowledge, Petrodelta has no outstanding, loan capital or has incurred or agreed to incur any borrowing which it has not repaid or satisfied.
(f) No Acquired Company other than Petrodelta has, and, to Seller’s Knowledge, Petrodelta has not, lent or agreed to lend any money which has not been repaid to it and there are no debts owing to any Acquired Company other than Petrodelta, or, to Seller’s Knowledge, Petrodelta, other than debts that have arisen in respect of trading and in the ordinary course of business.
Finance Arrangements. (a) The name and address of each bank with which each Group Company maintains a bank account together with complete and the account name and number are set out in Schedule 4.13 of the Disclosure Schedule.
