Common use of FINANCIAL PRINCIPLES Clause in Contracts

FINANCIAL PRINCIPLES. 15.1 The following represent the key financial principles to be adhered to by the LHBs: 15.1.1 to achieve financial neutrality and stability, where possible, for LHBs; 15.1.2 to adopt a fair and practical approach to the challenges of establishing the Joint Committee and to the functioning of the Joint Committee; 15.1.3 to ensure that funds are to be blocked back to the Joint Committee; 15.1.4 to ensure that the status quo with England is maintained until further review;