FINANCING AND BUDGETING Sample Clauses

FINANCING AND BUDGETING. 5.1 It is the intent and understanding of the PARTIES to this MOU that the activities conducted pursuant to this MOU will be financed by mandatory contributions from the PARTIES. 5.2 Each PARTY shall contribute a mandatory contribution of Ten Thousand Dollars ($10,000.00) per fiscal year (“Mandatory Contribution”). The Mandatory Contribution shall be used only for administrative and other matters of general benefit to all PARTIES that further the purposes of the MOU and for the activities described in this MOU. The use of the Mandatory Contribution for each fiscal year shall be as set forth in the general administrative budget for the respective fiscal year which general administrative budget is subject to approval by each PARTY pursuant to Section 5.4 below. 5.3 Payments shall be made yearly on July 1st. Payments shall be made payable to and remitted to the PARTY that is the fiscal agent identified in Section 6.1 below. 5.4 A general administrative budget shall be approved by the City Managers in the case of the cities of Indio and La Quinta, and the Assistant County Executive Officer/EDA, or designee, in the case of the County of Riverside. The budget shall be prepared in sufficient detail to constitute an operating outline for the use of the Mandatory Contributions and shall cover expenditures to be made during the ensuing year for the purposes set forth in Section 5.2.
AutoNDA by SimpleDocs
FINANCING AND BUDGETING. Consultant activities undertaken in support of this MOA will be financed by cash contributions made by the Parties. The amount of the Parties contributions will strive to distribute overall project costs 50% to NeDNR and 50% to the four NRDs. The total projected costs for completing phase II modeling activities is estimated to be approximately $526,600 with the Brown and Xxxxxxxx activities estimated at $351,600 and The Flatwater Group activities estimated at $175,000. For purposes of reducing project management costs to the Parties, NeDNR will contract with The Flatwater Group and pay its expenses in full while the four NRDs will contract with Xxxxx and Xxxxxxxx and pay the first $175,000 in expenses in full. Once Xxxxx and Xxxxxxxx expenses exceed $175,000, remaining costs of up to $175,000 will be split 50% to NeDNR and 50% to the four NRDs, these commitments will be detailed in a separate formal contract to be entered into in the future. Should existing available budget resources be reduced, NeDNR will notify the four NRDs, and work with them to identify and pursue alternative sources of funding to complete the phase II activities.
FINANCING AND BUDGETING. 6.1 Required Initial Contributions 13 6.2 Additional Contributions 13 6.3 Books and Accounts 13 6.4 Audits 13
FINANCING AND BUDGETING. A. Nothing in this Agreement requires or mandates that any Signatory must appropriate or expend any monies or resources (e.g., personal property) in furtherance of the purposes of this Agreement, instead each Signatory makes personnel or resources available to further OPNET’s purposes on a voluntary basis and retains full discretion as to what personnel or resources will be devoted to or supplied to OPNET. B. OPNET revenue and expenditures will be handled by the Clallam County Treasurer by and through the Drug Fund. Any funds in the Drug Fund prior to the effective date of this Agreement are subject to the terms and conditions of this Agreement. C. The Clallam County Treasurer will disburse the monies found in the Drug Fund according to such standards and directions as is provided by the Executive Board through the Clallam County annual budgeting process. D. Any grant funds received by OPNET will be deposited in the Drug Fund. E. All interest earned on monies in the Drug Fund shall be credited to the Drug Fund and remain there until disbursed according to this Agreement. F. The OPNET Commander shall maintain a fund of ready cash so that day-to-day needs of OPNET may be met. This fund shall be called the “Operations Fund” and shall initially consist of an amount to be determined by the OC upon the advice and consent of the Executive Board. To the extent such a fund for a similar purpose preexists the effective date of this Agreement, that preexisting fund will be renamed the “Operations Fund.” Said “Operations Fund” shall be kept and maintained at such location and in such a manner as the OC shall determine, subject to the Washington State Auditor’s standards on investigation funds and other such other requirements as the Executive Board or the State Auditor may establish.
FINANCING AND BUDGETING. Each party will finance its respective responsibilities under this agreement through its existing internal financing and budgeting processes. The parties shall provide a copy of their respective budgets to the Administrator upon request.
FINANCING AND BUDGETING. 3.1. The Parties hereby acknowledge and agree that they shall have an Operating Budget, which will include, but not be limited to forecasts of expected expenses for construction of the mill, actual and expected capital contributions and/or capital expenditures, by 31 December 2018. The initial Operating Budget will be at least through the end of calendar year 2019. Thereafter, the Parties shall have an Operating Budget in place by 1 January for that calendar year. 3.2. The Parties agree that the American Partner shall have the sole and exclusive right to use the Property as collateral or any other purpose it sees fit in its sole discretion. The Nicaraguan Partner shall execute any and all documents necessary for the American Partner to obtain financing using the Property as collateral, which shall include but not be limited to notes, mortgages, pledges or any other document so required by a lender(s) in order to effectuate the loan(s) and cause a lien to be placed on the Property. 3.3. Once the Milling Operations commence, the Parties will divide any profits therefrom in the following percentage: Nicaraguan Partner—25% and American Partner—75%, pursuant to the Operating and Profit Sharing Agreement and the First Amendment to the Operating and Profit Sharing Agreement.
FINANCING AND BUDGETING. The Stadium Authority shall finance the costs for the Services through the Baseball Stadium Tax Account as established and permitted by the Southern Nevada Tourism Innovation Act. The costs for the Services, combined with any other administrative costs incurred by the Stadium Authority, shall not exceed $600,000 per fiscal year. The Stadium Authority shall include the costs for the Services in its annual budget.
AutoNDA by SimpleDocs

Related to FINANCING AND BUDGETING

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Synchronization, Commissioning and Commercial Operation 4.1.1 The Power Producer shall give at least fifteen (15) days written notice to the SLDC / ALDC / DISCOM as the case may be, of the date on which it intends to synchronize the Power Project to the Grid System. 4.1.2 Subject to Article 4.1.1, the Power Project may be synchronized by the Power Producer to the Grid System when it meets all the connection conditions prescribed in the Grid Code and otherwise meets all other Indian legal requirements for synchronization to the Grid System. 4.1.3 The synchronization equipment and all necessary arrangements / equipment including Remote Terminal Unit (RTU) for scheduling of power generated from the Project and transmission of data to the concerned authority as per applicable regulation shall be installed by the Power Producer at its generation facility of the Power Project at its own cost. The Power Producer shall synchronize its system with the Grid System only after the approval of GETCO / SLDC / ALDC and GEDA. 4.1.4 The Power Producer shall immediately after each synchronization / tripping of generator, inform the sub-station of the Grid System to which the Power Project is electrically connected in accordance with applicable Grid Code. 4.1.5 The Power Producer shall commission the Project within SCOD. 4.1.6 The Power Producer shall be required to obtain Developer and/ or Transfer Permission, Key Plan drawing etc, if required, from GEDA. In cases of conversion of land from Agricultural to Non-Agriculture, the commissioning shall be taken up by GEDA only upon submission of N.A. permission by the Power Producer. 4.1.7 The Power Producer shall be required to follow the Forecasting and Scheduling procedures as per the Regulations issued by Hon’ble GERC from time to time. It is to clarify that in terms of GERC (Forecasting, Scheduling, Deviation Settlement and Related Matters of Solar and Wind Generation Sources) Regulations, 2019 the procedures for Forecasting, Scheduling & Deviation Settlment are applicable to all solar generators having combined installed capacity above 1 MW connected to the State Grid / Substation including those connected via pooling stations.

  • OFFICE OF MANAGEMENT AND BUDGET (OMB) AUDIT REQUIREMENTS The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR 200.

  • Felling and Bucking Felling shall be done to minimize breakage of Included Timber and dam- age to residual timber. Unless agreed otherwise, felling shall be done by saws or shears. Bucking shall be done to permit removal of all minimum pieces set forth in A2. B6.411 Felling in Clearings. Insofar as ground conditions, tree lean, and shape of clearings per- mit, trees shall be felled so that their tops do not extend outside Clearcutting Units, construction clearings, and ar- eas of regeneration cutting. B6.000 Xxxxx Xxxxxxx. Stumps shall not exceed, on the side adjacent to the highest ground, the maximum heights set forth in A6, except that occasional stumps of greater heights are acceptable when Purchaser determines that they are necessary for safe and efficient conduct of logging. Unless otherwise agreed, Purchaser shall re-cut high stumps so they will not exceed heights specified in A6 and shall dispose of severed portions in the same manner as other logging debris. The xxxxx heights shown in A6 were selected with the objective of maximum reasonable utilization of the timber, unless Sale Area Map shows special areas where xxxxx heights are lower for aesthetic, land treatment, or silvicultural rea- sons.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!