Funding and Expenses Sample Clauses

Funding and Expenses. 9.1 In its application for SFI status and funding, the host institution must submit a cost and funding plan for the centre’s first five-year period and potential subsequent three-year period, cf. Section 12.1. Applicants must comply with the Research Council’s rules Section 1.2. The Research Council only approves actual costs that are directly related to performance of the centre’s activities pursuant to the contract. 9.2 The funding plan is to be based on the principle that the Research Council, in conjunction with the SFI consortium, will jointly provide the resources required to perform the centre’s activities, cf. Section 3.1. The user partners’ willingness to provide funding and their level of commitment to the research activities will be an important indicator of whether the centre is conducting research of relevance to the business sector. The Research Council requires that letters of intent from the planned SFI consortium partners regarding their participation in the financing of the centre during the first five-year period are attached to the application for SFI status and funding. 9.3 The SFI scheme requires that the contribution from private companies and other user partners must comprise 50 per cent of the annual contribution from the Research Council. The host institution and other research organisations in the consortium may contribute additional funding to highlight their strategic basis and commitment. The consortium participants are to decide among themselves how the partners are to contribute, based on each one’s size, role and prerequisites. 9.4 Contributions from consortium participants may be provided in the form of direct cash funding, staff placed at the disposal of the centre or infrastructure that is essential to performing the centre’s research activities. The host institution’s contribution to the budget may incorporate payroll and social security expenses for the time employees spend carrying out the centre’s activities, indirect expenses for operation of the premises, equipment or the like. Costs related to the depreciation of equipment and research infrastructure may also be included in this in compliance with the Research Council’s rules for project costs of this type. 9.5 Companies defined as “undertakings”3 under the state aid rules that are taking part in the consortium are not eligible to have any of their projects costs covered by the Research Council’s allocation. These companies are not qualified to receive state aid v...
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Funding and Expenses. The Company and Buyer agree that subject to the Company securing certain funding acceptable to Buyer, as has been discussed between Buyer and the Company, Buyer will pay and reimburse certain expenses as have been discussed related to the Business, the Purchased Assets and registration of Buyer's stock that has been or will be provided in relation to this Agreement.
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Funding and Expenses. Hanzon Studios shall use all income earned from 2021 Camp Christmas ticket sales to: • pay all expenses directly related to creating, planning, organizing, promoting, advertising, producing and realizing Camp Christmas (the “Camp Christmas Expenses”); and • repay the City for the Advance of the Economic Incentive Funds (defined below) in accordance with the following: o Hanzon Studios will provide Lakewood a weekly ticket sales report starting with Tuesday, 11/30/2021 and each successive Tuesday through Tuesday, 1/27/2022 o On or before 3/31/2022, Hanzon Studios shall provide to the City a complete accounting of: ▪ A comprehensive Camp Christmas expense report; ▪ A verified accounting of gross revenue from 2021 Camp Christmas ticket sales. (See acknowledgements, below) o Hanzon Studios shall reimburse the City, not in excess of the amount of the Advance, the difference (the “difference”) between (i) the Camp Christmas Expenses; and (ii) gross revenue received by Hanzon Studios from ticket sales for Camp Christmas. ▪ In the event the difference is less than a full reimbursement of the Advance, but greater than 60% ($420,000) of the Advance, the parties shall initiate an audit of the Services to be completed by May 1, 2022, with the costs of the audit shared equally between the parties. The total costs of the audit shall not exceed $5,000. ▪ In the event net revenues are less than a full reimbursement of the total amount of the City of Lakewood’s advance, but less than 60% of the advance ($420,000) the parties shall initiate an audit of the Services to be completed by May 1, 2022, with the costs of the audit shared equally between the parties. The total costs of the audit shall not exceed $5,000. Both parties agree that Hanzon Studios will remain liable for any amount additional to the difference to bring the reimbursement to the City to a minimum of 60% of the Advance ($420,000), and any portion of the reimbursement submitted after June 1, 2022 shall be subject to a five percent (5%) rate of interest. ▪ While reimbursement payments may range from $420,000 to $700,000, all reimbursement payments to the City are due on or before 6/1/2022. o Acknowledgements: ▪ All documents are subject to City of Lakewood Audit; and ▪ The City recognizes that financial documents may be contain proprietary information exempt from the Colorado Open Records Act pursuant to C.R.S. 24-72-204(3)(a)(IV).
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Funding and Expenses. The 519 shall: a) Manage the PrideHouseTO Project’s funds in strict adherence to the budget approved by the Leadership Team. Any financial decisions that are not reflected in the approved budget must be brought to the Leadership Team for approval prior to their undertaking. The 519 will provide regular financial reports in a manner and format that is mutually agreeable and ensures the efficient effective monitoring of PrideHouseTO Project funds as required by the Leadership Team throughout the Term. b) Maintain a separate chart of accounts for the PrideHouseTO Project funds, including but not limited to a breakdown of each of the working group expenditures as specified by the Leadership Team. c) Process all payments and procurement processes in accordance with practices and policies approved by the Leadership Team. d) Submit all grant requests and sponsorship proposals and work in partnership with the Leadership Team and its working groups to identify funding opportunities, develop proposals and finalize submissions. All funding submissions require the approval of The 519 as well as the Leadership Team or its Co-Chairs, as delegated. e) Authorize and administer the collection of revenue and payment of expenses within the budget approved by the Leadership Team. f) Provide charitable tax receipts for all allowable donations made to the PrideHouseTO Project and allocate them to the PrideHouseTO Project funds. Charitable donations must be used for charitable purposes as defined by applicable government regulation and The 519 shall ensure donations are used within this regulation. g) Provide the Leadership Team with a copy of its annual audit within forty-five (45) days of receipt of final annual audit.
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Funding and Expenses. Lifetime will absorb all its start up and ongoing expenses related to Onsert sales, plus all its costs associated with the production, duplication and distribution of such Onserts.
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Funding and Expenses. This MoU does not obligate any funds to either Party or the employees of either Party. Unless otherwise mutually and explicitly provided and agreed upon in writing, all expenses and costs incurred by either Party shall be borne by the Party incurring the same and neither shall be obliged to reimburse the other. 10.1. Фінансування та витрати. За цим Меморандумом ані жодній Стороні, ані працівникам жодної Сторони не виділяється жодних коштів. Усі витрати та видатки, понесені однією зі Сторін, покриваються Стороною, що понесла такі витрати та видатки, і жодна зі Сторін не зобов’язана відшкодовувати витрати та видатки іншої Сторони за винятком випадків, коли обидві Сторони прямо передбачили та домовилися в письмовому вигляді про інше.
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Funding and Expenses 
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Related to Funding and Expenses

  • Payment and Expenses 8.1 Each payment to be made by the Guarantor under this guarantee shall be made in pounds sterling, free and clear of all deductions or withholdings of any kind, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor shall pay that additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 8.2 The Guarantor shall pay interest on any amount due under this guarantee from the day after the date on which payment was due up to and including the date of payment in full (whether before or after judgment) in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. 8.3 The Guarantor shall reimburse the Authority for all legal and other costs (including VAT) incurred by the Authority in connection with the enforcement of this guarantee.

  • Transition and Expenses If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

  • Payment of Costs and Expenses The Borrower agrees to pay on demand all reasonable expenses of each of the Agents and the Arranger (including the reasonable fees and out-of-pocket expenses of counsel to the Agents and the Arranger and of local or foreign counsel, if any, who may be retained by counsel to the Agents) in connection with (a) the syndication by the Syndication Agent and the Arranger of the Loans, the negotiation, preparation, execution and delivery of this Agreement and of each other Loan Document, including schedules and exhibits, and any amendments, waivers, consents, supplements or other modifications to this Agreement or any other Loan Document as may from time to time hereafter be required, whether or not the transactions contemplated hereby are consummated; (b) the filing, recording, refiling or rerecording of each Pledge Agreement and each Security Agreement and/or any Uniform Commercial Code financing statements relating thereto and all amendments, supplements and modifications to any thereof and any and all other documents or instruments of further assurance required to be filed or recorded or refiled or rerecorded by the terms hereof or of such Pledge Agreement, Security Agreement or Uniform Commercial Code financial statements; and (c) the preparation and review of the form of any document or instrument relevant to this Agreement or any other Loan Document. The Borrower further agrees to pay, and to save the Agents, the Documentation Agent, the Arranger, the Issuer and the Lenders harmless from all liability for, any stamp or other similar taxes which may be payable in connection with the execution or delivery of this Agreement, the Credit Extensions made hereunder or the issuance of the Notes or Letters of Credit or any other Loan Documents. The Borrower also agrees to reimburse each Agent, the Documentation Agent, the Arranger, the Issuer and each Lender upon demand for all reasonable out-of-pocket expenses (including reasonable attorneys' fees and legal expenses) incurred by such Agent, the Documentation Agent, the Arranger, the Issuer or such Lender in connection with (x) the negotiation of any restructuring or "work-out", whether or not consummated, of any Obligations and (y) the enforcement of any Obligations.

  • Termination and Expenses 12.1 Termination 97 12.2 Effect of Termination 98 12.3 Fees and Expenses 99

  • Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.

  • Sellers’ Costs and Expenses Except as may otherwise be provided in this Agreement, including Section 8.1, or in the Purchase Agreement, all expenses and costs incurred by the Sellers in connection with the performance of their obligations hereunder shall be the responsibility of, paid by and for the account of the Sellers.

  • PROJECT FINANCING AND EXPENSES SCHEME The Recipient further designates the Project's estimated financial resources and estimated costs certified to the OPWC under this Agreement for the Project as defined and described in Appendix A of this Agreement to consist of the following components:

  • Servicing Fee and Expenses As compensation for the performance of its obligations hereunder, the Servicer shall be entitled to receive on each Payment Date, out of Available Collections, the Total Servicing Fee. The Basic Servicing Fee in respect of a Collection Period shall be calculated based on a 360 day year comprised of twelve 30-day months. Except to the extent otherwise provided herein, the Servicer shall be required to pay all expenses incurred by it in connection with its activities under this Agreement (including fees and disbursements of the independent accountants, transition expenses as provided in Section 8.02 hereof, taxes imposed on the Servicer, expenses incurred by the Servicer in connection with its preparation of reports hereunder, and all other fees and expenses not expressly stated under this Agreement to be for the account of the Certificateholder).

  • Revenues and Expenses (a) Sellers are entitled to all earned income, proceeds and other receivables of Target and attributable to the Transferred Interests, including all rights to production and proceeds from production, in each case, to the extent the same are earned prior to the Effective Time or (in the case of proceeds of production) relate to Hydrocarbons in storage as of the Effective Time (provided that Buyer has not purchased such Hydrocarbons in storage pursuant to Section 2.04(a)(i) above). Sellers are responsible for payment of all Operating Expenses of Target attributable to the Transferred Interests, to the extent the same are incurred prior to the Effective Time, and for payment of all Disallowed Expenses. (b) Except for the proceeds attributable to Hydrocarbon production in storage as of the Effective Time (unless Buyer has purchased such Hydrocarbons in storage pursuant to Section 2.04(a)(i) above), Buyer is entitled to all earned income, proceeds and other receivables of Target and attributable to the Transferred Interests, including all rights to production and proceeds from production, in each case, to the extent the same are earned or attributable to Hydrocarbons produced during periods from and after the Effective Time, or (in the case of proceeds of production) relate to Hydrocarbons in storage as of the Effective Time that Buyer has purchased pursuant to Section 2.04(a)(i) above. Buyer is responsible for payment of all Operating Expenses of Target attributable to the Transferred Interests, to the extent the same are incurred from and after the Effective Time and are not Disallowed Expenses. (c) Such amounts that are received or paid prior to Closing shall be accounted for in the Closing Date Statement or Final Settlement Statement, as applicable. Such amounts that are received or paid after Closing but prior to the date of the Final Settlement Statement shall be accounted for in the Final Settlement Statement. (d) For purposes of this Section 2.09, the determination of whether an Operating Expense was incurred before, on or after the Effective Time shall be based on when the applicable service was rendered, when the applicable good was delivered or when the applicable work was performed. For clarification, the date on which a service, good or work is ordered or invoiced shall not be the date the applicable Operating Expense was incurred for settlement purposes; the date on which an Operating Expense is incurred for settlement purposes shall be the date on which the applicable service was rendered, the applicable good was delivered or the applicable work was performed, as applicable. (e) Following the Final Settlement Date, should (i) any of Owners, Target, Buyer or their respective Affiliates receive monies belonging to the other Party, as applicable, in accordance with this Section 2.09, then such amount shall, within 5 Business Days after the end of the month in which such amounts were received, be paid over to the proper Party, and (ii) any of Owners, Target, Buyer or their respective Affiliates pay monies for expenses or obligations that are the obligation of the other Party, as applicable, in accordance with this Section 2.09, then such other Party shall, within 5 Business Days after the end of the month in which the applicable invoice and proof of payment of such invoice were received by such other Party, reimburse the Party that paid such amounts.

  • Custodian's Fees and Expenses (a) The Depositor, Designated Beneficiary and Responsible Individual agree that the Custodian shall be entitled to receive any and all fees specified in the Custodian's current published fee schedule for establishing and maintaining this Xxxxxxxxx ESA, including, but not limited to, any fees for distributions from, transfers from, and terminations of this Xxxxxxxxx ESA. The Custodian may change its fee schedule at any time by giving the Designated Beneficiary (or Responsible Individual) 30 days prior written notice. (b) The Depositor, Designated Beneficiary and Responsible Individual agree that the Custodian shall be entitled to reimbursement for any expenses incurred by the Custodian in the performance of its duties in connection with the account. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account. (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Depositor, Designated Beneficiary or Responsible Individual, but the Depositor, Designated Beneficiary and Responsible Individual shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial Funds, the Custodian reserves the right to withhold any payment from the Custodial Account, to request a court ruling to determine the disposition of the Custodial assets, and to charge the Custodial Account for any expenses incurred in obtaining such legal determination.

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