Common use of Financial Provisions Clause in Contracts

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022: 2020-2021 $11,137,400 2021-2022 $14,280,900 6.2. CMHC Funding for the HB during the period from Fiscal Years 2022-2023 to 2027-2028 is the maximum amount of $233,413,600 and will be allocated to BCHMC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 2026-2027 $ 50,131,800 2027-2028 $ 58,798,600 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 29,728,100 2021-2022 $14,280,90038,119,000 2022-2023 $57,082,100 2023-2024 $79,982,300 2024-2025 $91,508,700 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 435,416,500 and will be allocated to BCHMC MHO in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $124,028,300 2026-2027 $ 50,131,800 $143,156,000 2027-2028 $ 58,798,600$168,232,200 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.B.1.β€Œ

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 400,021 2021-2022 $14,280,900933,550 2022-2023 $1,154,572 2023-2024 $1,205,714 2024-2025 $1,241,433 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 4 153 476 and will be allocated to BCHMC Yukon in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $1,328,179 2026-2027 $ 50,131,800 $1,379,203 2027-2028 $ 58,798,600$1,446,094 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 837,770 2021-2022 $14,280,9004,854,700 2022-2023 $5,435,289 2023-2024 $6,765,663 2024-2025 $7,699,346 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 34,236,432 and will be allocated to BCHMC the DMAH in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $9,947,253 2026-2027 $ 50,131,800 $11,275,794 2027-2028 $ 58,798,600$13,013,385 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 0 2021-2022 $14,280,900814,736 2022-2023 $1,468,098 2023-2024 $1,353,367 2024-2025 $1,394,967 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 4,571,132 and will be allocated to BCHMC NWTHC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $1,496,067 2026-2027 $ 50,131,800 $1,555,465 2027-2028 $ 58,798,600$1,519,600 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 0 2021-2022 $14,280,900782,543 2022-2023 $1,694,143 2023-2024 $1,897,943 2024-2025 $2,040,243 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 7,830,328 and will be allocated to BCHMC PEIHC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $2,385,743 2026-2027 $ 50,131,800 $2,589,043 2027-2028 $ 58,798,600$2,855,542 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 0 2021-2022 $14,280,9000 2022-2023 $1,361,634 2023-2024 $1,412,834 2024-2025 $1,448,634 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 4,775,898 and will be allocated to BCHMC Nunavut Housing Corporation in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $1,535,533 2026-2027 $ 50,131,800 $1,586,633 2027-2028 $ 58,798,600$1,653,732 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022: 2020-2021 $11,137,400 682,600.00 2021-2022 $14,280,900875,300.00 6.2. CMHC Funding for the HB during the period from Fiscal Years 2022-2023 to 2027-2028 is the maximum amount of $233,413,600 8,044,400.00 and will be allocated to BCHMC the Northwest Territories Housing Corporation in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 $1,180,000.00 2023-2024 $ 27,653,500 $1,239,600.00 2024-2025 $ 32,281,500 $1,281,200.00 2025-2026 $ 43,520,900 $1,382,300.00 2026-2027 $ 50,131,800 $1,441,700.00 2027-2028 $ 58,798,600$1,519,600.00 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 0 2021-2022 $14,280,900334,131 2022-2023 $4,239,300 2023-2024 $4,506,700 2024-2025 $5,403,269 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 22,710,700 and will be allocated to BCHMC NLHC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $6,754,400 2026-2027 $ 50,131,800 $7,493,600 2027-2028 $ 58,798,600$8,462,700 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 2021-2022 $14,280,90014,280,900 2022-2023 $21,027,300 2023-2024 $27,653,500 2024-2025 $32,281,500 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $ $233,413,600 152,451,300 and will be allocated to BCHMC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ $43,520,900 2026-2027 $ $50,131,800 2027-2028 $ $58,798,600 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement

Financial Provisions. 6.1. Maximum CMHC Funding for the HB by relevant Fiscal Year is set out below for the initial period beginning on April 1, 2020 to March 31, 2022below: 2020-2021 $11,137,400 359,347 2021-2022 $14,280,900940,090 2022-2023 $5,957,531 2023-2024 $8,374,864 2024-2025 $9,543,242 6.2. CMHC Funding for the HB during the period from Fiscal Years 20222025-2023 2026 to 2027-2028 is the maximum amount of $233,413,600 42,344,926 and will be allocated to BCHMC SHC in accordance with the relevant Action Plan Periods set out in Schedule C, subject to subparagraph 5.2 of the Agreement and appropriations by Parliament. The notional amount of annual CMHC Funding for the following years are set out below: 2022-2023 $ 21,027,300 2023-2024 $ 27,653,500 2024-2025 $ 32,281,500 2025-2026 $ 43,520,900 $12,274,242 2026-2027 $ 50,131,800 $13,936,342 2027-2028 $ 58,798,600$16,134,342 6.3. CMHC Funding cannot be reallocated among Fiscal Years without prior CMHC approval. In addition, CMHC Funding cannot be reallocated among Initiatives. 6.4. For greater clarity and in accordance with subparagraph 7.4 of the Agreement, CMHC Funding and Cost-Matched Funding for HB will not replace or displace any level of provincial or municipal spending. 6.5. Payment of CMHC Funding remains subject to subparagraph 7.5 of the Agreement and the finalized and mutually agreed-to Action Plan as set out in subparagraph 6.1 subsection 5.1 of this Schedule B.1.

Appears in 1 contract

Sources: Bilateral Agreement