Common use of Financial Processes Clause in Contracts

Financial Processes. 4.2.1 Following the completion of readiness and response activities, each Operational Agreement Signatory will provide information on costs incurred by that Signatory to the Secretariat. The Secretariat will calculate the total cost of the activity and any amounts due from one Signatory to another. 4.2.2 Operational Agreement Signatories may agree to set a fiscal cap on monies that may be expended under that Operational Agreement.