FINANCIAL IMPLICATION Sample Clauses

FINANCIAL IMPLICATION. There is no financial commitment on the part of both theinstitutions and the host institute will bear all expenses in implementing any program mentioned in MOA. Further, if there is any other financial matter, it will be dealt with separately. Sign for BirjhoraMahavidyalayaSignfor BirjhoraKanyaMahavidyalaya
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FINANCIAL IMPLICATION. Funding will be sourced from the Settlement Road Upgrading Development Program under Hon. NCD Governor’s Projects.
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FINANCIAL IMPLICATION. This is an emergency work therefore Funding to be sourced to pay the contractor who has commenced the works at Crystal Rapids Feeder Road Sogeri.
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FINANCIAL IMPLICATION. (a) Earnings and earnings per share Page4 The Proposed Acquisition is not expected to have any material effects on the earnings of Kobay Group for the financial year ending 30 June 2014 as the project is expected to commence only by end of financial year 2014 or early 2015, after obtaining land conversion and the relevant development approvals. The Proposed Acquisition is expected to contribute positively to the future earnings of Kobay Group.
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FINANCIAL IMPLICATION. The project will be dependent on both Capital and Operational expenditure. Capital funds shall be sourced from Vote: DSM Geyser Control, vote number: 5/4400/4201 and the Operational funds shall be utilized from Vote: Agency Services, vote number: 1/4410/0419. The Electricity department plans to install a total of 3000 ACDs during the remaining 37 month contractual period pending on available the availability of funds. Powertech SI offered rates for each service required on the project making it possible to adjust quantities to fall within the approved and available annual budget. It should be noted that the Operational (Maintenance) services requirements have been based on the past twelve months’ behavior of the network but can increase should the need arises, should circumstances require the need for additional funds, the request will be tabled for consideration during the adjustment budget cycle. Total Capital Expenditure will amount to R 2,461,391.78 VAT included. Total Operational Expenditure will amount to R 3,809,856.39 VAT included. A cost breakdown of the projected expenditure is offered as follows: B/SM 75/16: HWLC PROJECT (PHASE 3): EXTENTION OF CONTRACT UNTIL 31 JANUARY 2020 NEW INSTALLATIONS AND MAINTENANCE ON NEW/EXISTING NETWORK AND SYSTEM INFRASTRUCTURE FINANCIAL INPLICATIONS BREAKDOWN SUMMERY Capital Expense Summary 2016/2017 R 326,150.00 Capital Expense Summary 2017/2018 R 684,917.50 Capital Expense Summary 2018/2019 R 753,407.80 Capital Expense Summary 2019/2020 R 394,640.30 Total Planned Capital Expense (excl. Vat) R 2,159,115.60 Page 91 AGENDA SPECIAL MAYORAL COMMITTEE MEETING 2016-11-30 VAT (14%) R 302,276.18 Total Planned Capital Expense (incl. Vat) R 2,461,391.78 Operational Expense Summary 2016/2017 R 499,041.66 Operational Expense Summary 2017/2018 R 1,038,160.68 Operational Expense Summary 2018/2019 R 1,126,208.16 Operational Expense Summary 2019/2020 R 678,568.79 Total Approximate Maintenace Expense R 3,341,979.29 VAT (14%) R 467,877.10 Total Planned Capital Expense (incl. Vat) R 3,809,856.39 Projected Expenditure 2016/17: 01 January 2017 ‐ 30 June 2017 Item No. Description Recommended Quantity Tendered Unit Price Price/ requirement Expense type 1.1 Installation of new Relay 500 R 646.25 R 323,125.00 Capital
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FINANCIAL IMPLICATION. 4.1. This MoU is a non-financial MoU and does not involve funding as an obligation on both the parties.
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FINANCIAL IMPLICATION. The total cost for the delivery of this agency agreement for a further 3 years is £637,826.25, this may vary depending on usage and potential changes to car parking provision – however this is completely offset against income. This figure is based on current usage and this equates to approximately a 14.14 % uplift which is a direct result of the negotiations between TNI and their service provider NSL.
Sample 1
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FINANCIAL IMPLICATION. The City is currently receiving $1,391 per month from AT&T. The Agreement contemplates a reduction of rent to $1,100 with a %10 escalator per each renewed term. Annually, the City would receive $3,492 less for the extended term, $2,172 less for the first renewal term and $720 less for the next five years and $876 more for the final five years. This lease renewal provides contractual certainty, assurance that an important private service continue without interruption and marketable title of the tower and real property. RECOMMENDATION:
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Related to FINANCIAL IMPLICATION

  • FINANCIAL IMPLICATIONS There are no budget implications. The applicant will be responsible for all costs, expenses, liabilities and obligations imposed under or incurred in order to satisfy the terms of this proposed development agreement. The administration of the proposed development agreement can be carried out within the approved 2019- 2020 budget and with existing resources.

  • Financial Impact The school anticipates that the requested waivers will have no financial impact on Denver Public Schools or the school. How the Impact of the Waivers Will be Evaluated: Since this area has a critical impact on the performance of the entire school, the impact of this waiver will be measured by the same performance criteria and assessments that apply to the school, as set forth in this Charter School Agreement.

  • Creditworthiness Determination The DS Supplier may submit and maintain a security deposit in accordance with Section 6.4 of this Agreement in lieu of submitting to or being qualified under a creditworthiness evaluation. The DS Supplier shall have the opportunity to request that the Company re-evaluate its creditworthiness whenever an event occurs that the DS Supplier believes would improve the determination made by the Company of its creditworthiness. The Company’s credit re-evaluation must be completed as soon as possible but no longer than thirty (30) days after receiving a fully documented request. The Company must provide the rationale for its determination of the credit limit and any resulting security requirement. The Company must perform its credit re-evaluation and associated security calculation in a non-discriminatory manner. DS Supplier shall provide the Company and its agents unrestricted access to audited financial statements; provided that if audited financial statements are not available, the Company, in its sole discretion, may specify other types of financial statements that will be accepted.

  • Tax Implications Without limitation, we do not accept liability for any adverse tax implications of any Transaction whatsoever.

  • Financial Ability Each of the Buyer Parties acknowledges that its obligation to consummate the transactions contemplated by this Agreement and the Brewery Transaction is not and will not be subject to the receipt by any Buyer Party of any financing or the consummation of any other transaction other than the occurrence of the GM Transaction Closing and, in the case of the Brewery Transaction, the consummation of the transactions contemplated by this Agreement. The Buyer Parties have delivered to ABI a true, complete and correct copy of the executed definitive Second Amended and Restated Interim Loan Agreement, dated as of February 13, 2013, among Bank of America, N.A. (“Bank of America”), JPMorgan Chase Bank N.A. (“JPMorgan”) and CBI (collectively, the “Financing Commitment”), pursuant to which, upon the terms and subject to the conditions set forth therein, the lenders party thereto have committed to lend the amounts set forth therein (the “Financing”) for the purpose of funding the transactions contemplated by this Agreement and the Brewery Transaction. The Buyer Parties have delivered to ABI true, complete and correct copies of the fee letter and engagement letters relating to the Financing Commitment (redacted only as to the matters indicated therein), the Financing Commitment has not been amended or modified prior to the date of this Agreement, and, as of the date hereof, the respective commitments contained in the Financing Commitment have not been withdrawn, terminated or rescinded in any respect. There are no agreements, side letters or arrangements to which CBI or any of its Affiliates is a party relating to the Financing Commitment that could affect the availability of the Financing. The Financing Commitment constitutes the legally valid and binding obligation of CBI and, to the Knowledge of CBI, the other parties thereto, enforceable in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws of general applicability relating to or affecting creditors’ rights, and by general equitable principles). The Financing Commitment is in full force and effect and has not been withdrawn, rescinded or terminated or otherwise amended or modified in any respect, and no such amendment or modification is contemplated. Neither CBI nor any of its Affiliates is in breach of any of the terms or conditions set forth in the Financing Commitment, and assuming the accuracy of the representations and warranties set forth in Article 4 and performance by ABI of its obligations under this Agreement and the Brewery SPA, as of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would reasonably be expected to constitute a breach, default or failure to satisfy any condition precedent set forth therein. As of the date hereof, no lender has notified CBI of its intention to terminate the Financing Commitment or not to provide the Financing. There are no conditions precedent or other contingencies related to the funding of the full amount of the Financing, other than as expressly set forth in the Financing Commitment. The aggregate proceeds available to be disbursed pursuant to the Financing Commitment, together with available cash on hand and availability under CBI’s existing credit facility, will be sufficient for the Buyer Parties to pay the Purchase Price hereunder and under the Brewery SPA and all related fees and expenses on the terms contemplated hereby and thereby in accordance with the terms of this Agreement and the Brewery SPA. As of the date hereof, CBI has paid in full any and all commitment or other fees required by the Financing Commitment that are due as of the date hereof. As of the date hereof, the Buyer Parties have no reason to believe that CBI and any of its applicable Affiliates will be unable to satisfy on a timely basis any conditions to the funding of the full amount of the Financing, or that the Financing will not be available to CBI on the Closing Date.

  • Financial Conditions Section 4.01. (a) The Recipient shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Bank, adequate to reflect the operations, resources and expenditures related to the Project.

  • Financial Consequences The Department reserves the right to impose financial consequences when the Contractor fails to comply with the requirements of the Contract. The following financial consequences will apply for the Contractor’s non-performance under the Contract. The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order. The State of Florida reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, when the Contractor has failed to comply with the provisions of the Contract. The Contractor and the Department agree that financial consequences for non-performance are an estimate of damages which are difficult to ascertain and are not penalties. The financial consequences below will be paid and received by the Department of Management Services within 30 calendar days from the due date specified by the Department. These financial consequences below are individually assessed for failures over each target period beginning with the first full month or quarter of the Contract performance and every month or quarter, respectively, thereafter. Deliverable Performance Metric Performance Due Date Financial Consequence for Non-Performance Contractor will timely submit completed Quarterly Sales Reports All Quarterly Sales Reports will be submitted timely with the required information Reports are due on or before the 30th calendar day after the close of each State fiscal quarter $250 per Calendar Day late/not received by the Contract Manager Contractor will timely submit completed MFMP Transaction Fee Reports All MFMP Transaction Fee Reports will be submitted timely with the required information Reports are due on or before the 15th calendar day after the close of each month $100 per Calendar Day late/not received by the Contract Manager Failure to timely provide Quarterly Sales Reports, transaction fee reports, or other reports as required will result in the imposition of financial consequences and repeated failures or non- payment of financial consequences owed under this Contract may result in the Contractor being found in default and the termination of the Contract. No favorable action will be considered when Contractor has outstanding Contract Quarterly Sales Reports, MFMP Transaction Fee Reports, or any other documentation owed to the Department or Customer, to include fees / monies, that is required under this Contract.

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