FUND PAYMENTS Sample Clauses

The FUND PAYMENTS clause defines the obligations and procedures for making payments into or out of a designated fund under the agreement. It typically specifies the timing, method, and conditions under which payments must be made, such as regular contributions, disbursements for specific purposes, or reimbursements. This clause ensures that all parties understand their financial responsibilities and provides a clear framework for managing the flow of funds, thereby reducing the risk of disputes or misunderstandings regarding payment obligations.
FUND PAYMENTS. Effective (see schedule for the Local Unions attached), the Employer agrees to pay the sum of (see schedule) cents per hour for each hour or portion thereof worked, whether at regular or overtime rates, by all employees coming under this Collective Bargaining Agreement to the Laborers National Pension Fund (hereinafter referred to as the Pension Fund). The said Pension Fund shall be administered pursuant to the Agreement and Declaration of Trust dated July 1, 1967. A copy of this Agreement and Declaration of Trust, together with any amendments thereto, is attached to this Agreement and shall be considered a part of this Agreement. This payment of the Employer’s contributions to the Pension Fund shall be made monthly to the Trusteeship on a date and in a manner and form prescribed by the Trustees of the Pension Fund. Employees working under the terms of this Agreement, may in writing, designate that Pension contributions be sent to the home fund of the employee (money follows the man).
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FUND PAYMENTS. There shall be an allocated rate per hour for a Pension Fund. Funds to be administered as agreed upon by the Trustees of the St. Louis District Council and Vicinity. The said Pension Fund shall be administered jointly by an equal number of representatives of the Employers and the Union, which Agreement and Declaration of Trust, together with any amendments thereto, shall be considered as part of this agreement as though set forth here at length. It is agreed any employer who is delinquent over thirty (30) days on Welfare and Pension payments will be held for any and all claims which may arise out of his delinquency. Ironworkers Local #782 reserves the right to place wage increases in properly trusted benefits if so desired. Such fringe benefits shall be limited to Health & Welfare, Pension and Annuity Funds. A thirty (30) day notice by the Union to the employer is required.
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FUND PAYMENTS. Payments to all jointly administered funds as provided in this Agreement shall be due not later than the twentieth (20th) of each month for each Employer subject to this Agreement. Hourly contributions for the previous work month, if not paid by the twentieth (20th) of the following month, shall be considered delinquent. Employer contributions shall be paid directly to the Trust Fund, and no person or entity, including an employee, Employer, Association of Employers or Union is authorized (a) to receive payment of any kind on the Fund’s behalf, or (b) to make any representation or to enter into any agreement on the Fund’s behalf. Contributions are due not later than the 20th of each month for hours worked during the preceding month, and if not paid by the 20th of the month, shall be considered delinquent. If the Employer fails to pay the full amount of the Employer contribution within five (5) days of receipt of a notice of delinquency, the Trustees may require the Employer to pay (a) the full amount of the unpaid Employer contribution, (b) interest on the unpaid Employer contribution at the rate of twelve percent (12%) per annum from the date such payment was due, and (c) liquidated damages in an amount equal to the greater of the total interest due on the unpaid Employer contribution or twenty percent (20%) of the total unpaid Employer contribution. In the event of employment of an attorney for collection of the Employer contribution, whether by suit or otherwise, the Employer shall pay the reasonable fees for the Fund’s attorney in connection with such collection and, if suit be initiated, all Court costs. If requested by the Trustees, an Employer shall furnish (a) a written statement from a certified public accountant certifying that the Employer has paid all Employer contributions required under the Plan, and (b) any additional information the Trustees deem necessary to determine if the Employer is fulfilling all obligations under the Trust Fund. If requested by the Trustees, an Employer shall make available to the Trustees’ designee all records the Trustees deem necessary to determine if the Employer is fulfilling all obligations under the Trust. The Trustees shall make such requests in writing and shall deliver the requests to the Employer at least ten (10) working days before the requested examination date. The Trustees’ designee shall be a certified public account who is not an officer, member, or employee of either the Union or another Employer. ...
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FUND PAYMENTS. During the term of this Agreement, ▇▇▇▇▇▇▇ agrees to collect and pay Grantor one and one-half percent (1.5%) of gross revenues per month to support the Capital equipment and facility needs of PEG Access, which funds shall be used in accordance with applicable federal law. Nothing in this Section 12 shall be viewed as a waiver of Grantor’s rights to use the funds provided to Grantor in this Section 12.1 for any lawful purpose permitted under applicable federal law. Grantee shall make such payments monthly, following the Effective Date of this Agreement. Each payment shall be due and payable no later than forty-five (45) days after the end of each month.
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FUND PAYMENTS. 3.1 The Parties acknowledge that pursuant to the provisions of clause 7 of the CSA, IBI has paid CMC the Fund comprising US$[**] US dollars) and that: 3.1.1 US$[**] US dollars) of the Fund shall be irrevocably paid to CMC for the settlement of the CSA Breach and MSA Breach (“IBI Payment”) and shall cease to be part of the Fund or subject to the CSA, and such IBI Payment shall be non-refundable and not repayable under clause 7.2.2 of the CSA or otherwise; 3.1.2 clause 7.2 of the CSA shall be amended such that Fund shall now mean a fund with an amount of US$[**] US dollars); 3.1.3 IBI shall not be obliged to replenish the Fund beyond a value of US$[**] US dollars); provided, however, that if IBI or any party who acquires all or substantially all of IBI’s rights to IB1001 (the “Acquiror”) decides to increase the Maximum Value above sixteen (16) Batches, IBI or the Acquiror must comply with Section 5.2 hereof; and, 3.1.4 IBI hereby waives and forever releases CMC from any rights IBI may have in respect of the IBI Payment.
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FUND PAYMENTS. Said Employer agrees to contribute, in addition to the hourly wage rate, to a Pension Fund known as the Indiana State Council of Plasterers' and cement Masons' Pension Fund. Contributions to the Pension Fund shall be as set forth under Article X – Wages. Said Fund shall be administered as provided for in Section 302 of the ▇▇▇▇-▇▇▇▇▇▇▇ Act, as amended. In the event the Pension Fund is discontinued, any hourly contributions heretofore directed to such Fund shall immediately be added directly to the employees' hourly wage rate.
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Related to FUND PAYMENTS

  • Satisfaction of Sinking Fund Payments with Securities The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

  • Sinking Fund Provisions No sinking fund provisions.

  • Refund Policy After the cancellation period, the institution provides a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/▇▇▇▇▇▇▇ loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.

  • ▇▇▇▇▇▇▇▇ and Payments ▇▇▇▇▇▇▇▇ and payments shall be sent to the addresses set out in Appendix F hereto.

  • Sinking Funds Unless specified on the face hereof, this Note will not be subject to, or entitled to the benefit of, any sinking fund.