Funding and Contributions Sample Clauses

Funding and Contributions. 5.1 The Authorities intend to secure external funding to meet the costs of the Transportation Programme, the Joint Commissioning Programme, the Projects and the activities of the Black Country Transportation Team and further agree that no development related costs should be incurred unless and to the extent that funding is available to meet them (including in the case of the Joint Commissioning Programme the funds to be contributed to the Joint Commissioning Budget in accordance with clause 5.3). 5.2 The BC Authorities shall work collaboratively in mutual trust and confidence to secure external funding for the Transportation Programme, the Joint Commissioning Programme, individual Projects and the activities of the Black Country Transportation Team for the duration of this Agreement. 5.3 Each Authority shall be liable for the duration of the Transportation Programme to make a contribution to the Joint Commissioning Budget of £40,000 (forty thousand pounds) in cash per annum. Such sum shall be reviewed annually and varied by agreement by the Heads of Regeneration Working Group and such sum shall be payable by each Authority to the Lead Authority no later than the Commencement Date and the anniversary of the Commencement Date in each Financial Year. 5.4 The Joint Commissioning Budget shall be held by the Lead Authority on behalf of the other Authorities and shall be applied as appropriate to the costs of the Joint Commissioning Programme. In the event that any portion of the Joint Commissioning Budget is unused at the end of a Financial Year the unused portion shall be rolled forward into the next Financial Year and shall not be off-set against the Authorities’ next Contribution unless the Heads of Regeneration Working Group otherwise agrees. 5.5 It is the Authorities’ intention that the costs of the Transportation Programme (except to the extent the costs of the Joint Commissioning Programme are met out of the Joint Commissioning Budget) shall be funded through external funding (e.g. grants and other Funding Agreements) to the extent such costs can be capitalised. Any costs that cannot be capitalised shall be treated as revenue costs and shared equally by the Authorities and paid within 5 Working Days of the date of demand by the Lead Authority. 5.6 No later than 14 fourteen Working Days before the end of each Financial Year, each Authority shall submit a report to the Lead Authority in a format that the Lead Authority shall provide, setting out: 5.6.1 its ...
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Funding and Contributions. This Agreement shall be initially funded through a GSP grant awarded by the DWR to the County of Xxxxx and through in-kind contributions of Members. In subsequent years and as needed, continuing cooperation may be funded by additional Member contributions. If the Members decide that cost-sharing is required for any contract or expenditure made pursuant to this Agreement, any cost-sharing allocations shall be agreed to in writing by the Members in advance of executing any contracts with consultants, vendors, or other contractors or incurring any expense. Such written approval for cost-sharing shall be subject to any necessary approvals required by each Member’s governing body or designee pursuant to that Member’s contract approval procedures. Any such contracts shall be drafted in a manner that reflects that consultants, vendors, or contractors hired to perform work under this Agreement are working on behalf of the Members and will be expected to work with the Members on a collective basis and with each Member on an individual basis, as needed. Such contracts shall be made enforceable by the Members. The contracts shall include appropriate indemnity and insurance provisions agreed upon by the Members. In the event a Member of this Agreement acts as the official contracting party and executes a contract on behalf of the Members (the “Contracting Party”), the Contracting Party: 12.1.1. shall comply with all applicable local, state, and federal laws including, without limitation, the California Public Contract code and California Labor Code; 12.1.2. shall provide the other Members a reasonable opportunity to review any bids received and to review and provide input on any draft contract prior to its execution; 12.1.3. shall not approve any change orders that increase the cost of the original contract by more than 10% without prior consultation and written consent of the other Members; 12.1.4. shall provide diligent oversight of the work conducted by any contractor, vendor, or consultant under contract executed pursuant to this Agreement; and
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Funding and Contributions. 3.1 The allocation of the External Funding will be as set out in Schedule 10 unless the Parties unanimously agree otherwise in writing. Each Party will keep complete and accurate accounts of its expenditure on the Project. Each Party will pay or deliver its Financial and In-Kind Contribution to the Project in accordance with Schedule 1. Where funds are being claimed against costs and expenses incurred by a Party, each invoice must be accompanied by a statement certified by an authorised officer of that Party. 3.2 Unless any VAT exemption applies, all amounts are exclusive of VAT which the Party contributing funds as part of its Financial and In-Kind Contribution will pay at the rate from time to time prescribed by law. 3.3 If a Party fails to make any payment due to another Party under this Agreement, without prejudice to any other right or remedy available to that other Party, that other Party: 3.3.1 may charge interest (both before and after any judgement) on the amount outstanding, on a daily basis in accordance with the Late Payments of Commercial Debts (Interest) Xxx 0000 as amended by the Late Payment of Commercial Debts Regulations 2013 in UK Law. That interest will be calculated from the date of last date for payment to the actual date of payment, both dates inclusive, and will be compounded quarterly. The Party which is late paying will pay that interest on demand; 3.3.2 may, on seven days’ notice to the Recipient failing to make a payment, suspend the performance of the tasks allotted to it in the Project Plan in the event of non-payment by the relevant Recipient. Such right of suspension shall cease if such non-payment shall be rectified. Upon the suspension of the tasks allotted to it in the Project Plan, the suspending Party shall be entitled to payment of the portion of the payment up to the date of such suspension on account of the tasks allotted to it in the Project Plan which it has actually performed prior to such suspension. Upon resumption of the tasks allotted to the suspending Party in the Project Plan any completion date shall be adjusted to take into account any period of suspension. 3.4 Each Party will own all equipment purchased or constructed by it, or for it, using any Financial and In-Kind Contribution or any External Funding. 3.5 The financial arrangements for the Project will be overseen by the Steering Committee and will be as set out in the Funding Conditions. 3.6 Claims for any External Funding will be made through the Rec...
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Funding and Contributions. Consultant expenses shall be shared between Richland, West Richland, Pasco and Kennewick. Richland, Kennewick, and Pasco shall contribute an amount equal to 2/7 of the total consultant costs for this work. West Richland shall contribute an amount equal to 1/7 of the total consultant costs for this work. Richland shall issue invoices to West Richland, Pasco, and Kennewick for their respective share of the expenses. Invoices shall issue no more frequently than monthly. Scope and budget changes that increase the project budget may only be executed after written authorization from all four Parties.
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Funding and Contributions. The Partners acknowledge that it is their intention that to the greatest extent possible Expenditures shall be financed from revenues generated by the Partnership Business. If in any Fiscal Year, Expenditures pursuant to an Approved Annual Program and Budget or the portion of any other Approved Program and Budget to be implemented in that Fiscal Year, or otherwise incurred in accordance with this Agreement, are anticipated to require contributions by the Partners, (a “Cash Call”) each Partner must contribute to Expenditures in accordance with its Proportionate Share on each date on which a contribution is required to be made pursuant to Section 9.2.
Sample 1
Funding and Contributions. This Agreement shall be initially funded through a GSP grant awarded by the DWR to the County of Xxxxx and through in-kind contributions of Members. In subsequent years and as needed, continuing cooperation may be funded by additional Member contributions. If the Members decide that cost-sharing is required for any contract or expenditure made pursuant to this Agreement, any cost-sharing allocations shall be agreed to in writing by the Members in advance of executing any contracts with consultants, vendors, or other contractors or incurring any expense. Such written approval for cost-sharing shall be subject to any necessary approvals required by each Member’s governing body or designee pursuant to that Member’s contract approval procedures. Any such contracts shall be drafted in a manner that reflects that consultants, vendors, or contractors hired to perform work under this Agreement are working on behalf of the Members and will be expected to work with the Members on a collective basis and with each Member on an individual basis, as needed. Such contracts shall be made enforceable by the Members. The contracts shall include appropriate indemnity and insurance provisions agreed upon by the Members. In the event a Member of this Agreement acts as the official contracting party and executes a contract on behalf of the Members (the “Contracting Party”), the Contracting Party: 12.1.1. shall comply with all applicable local, state, and federal laws including, without limitation, the California Public Contract code and California Labor Code; 12.1.2. shall provide the other Members a reasonable opportunity to review any bids received and to review and provide input on any draft contract prior to its execution; 12.1.3. shall not approve any change orders that increase the cost of the original contract by more than 10% without prior consultation and written consent of the other Members; 12.1.4. shall provide diligent oversight of the work conducted by any contractor, vendor, or consultant under contract executed pursuant to this Agreement; and
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Related to Funding and Contributions

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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