Funding Considerations Clause Samples

The Funding Considerations clause outlines the terms and conditions related to the financial resources required for a project or agreement. It typically specifies how funding will be provided, managed, and disbursed, and may address issues such as payment schedules, sources of funds, or requirements for proof of available financing. By clearly defining the financial obligations and expectations of the parties, this clause helps prevent misunderstandings and ensures that adequate resources are available to fulfill the agreement.
Funding Considerations. The following terms and conditions relating to CWELCC system funding will be enforced for all Licensees who are approved to participate in the CWELCC system: • Funding amounts to a Licensee will be determined at the discretion of the the Corporation based on actual costs. • Licensees are required to use CWELCC System Funds to support CWELCC System objectives in accordance with the purchase of service agreement, applicable legislation, regulations, and applicable guidelines requirements provided to Licensees. • Licensees are required to return CWELCC System Funds to the Corporation where funds are not used in accordance with the requirements established by the City of Cornwall’s Children’s Services Division that apply to Licensees. • Licensees are required to provide sufficient and detailed financial or other information related to their child care operations as required by the Corporation for review. • Information submitted by the Licensee for eligibility and reasonability of expenditures will be subject to review as part of the Corporation’s funding and reconciliation process. • The Corporation reserves the right to: o Determine eligibility and reasonability of a Licensee’s revenues, costs and expenses, based on CWELCC System funding requirements provided to Licensees and to adjust funding provided based on review. o Review and to confirm that the Licensee did not charge fees for eligible children higher than the fees at which it was capped after March 27, 2022 (unless the fees were communicated to parents prior to March 27, 2022). o Deny funding for expenses, or to only pay what is deemed to be fair market value, as determined by the Corporation. o Deny funding for expenditures arising from transactions not conducted at arms-length. o Deny funding for ineligible expenditures, based on applicable guidelines and parameters provided by the Corporation to Licensees. o Determine the amount of funding that can be spent by Licensees on administration expenses, and to deny funding for additional administration expenditures above this amount. o Require Licensees to seek approval if additional administration funding is required by the Licensee above what is allowed. o Determine if a Licensee’s operation in child care for eligible children is sustainable and financially viable, as defined by the Corporation. o Verify that increases to base and non-base fees for the care of eligible children were permitted in accordance with O. Reg. 137/15, (e.g., a fee increase mus...
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Funding Considerations. The Community Access Services receives a fee-for-service from the Regional Center of the East Bay (RCEB) for program services. The services are provided at no cost to you or your representative; however, many people keep personal spending money at the program for their own use. For example, the program will pay for the cost of bowling as a weekly activity. You may use your own money to purchase a beverage or snack at the bowling alley with your own personal funds. As an optional service, the Community Access Services keeps each person’s personal funds in a safe, separated from other funds, with careful accounting of deposits and expenditures. Receipts of each purchase are also maintained. Please contact your Program Coordinator with any funding questions or special arrangements.
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Funding Considerations. Are you planning to apply for Oregon Department of Forestry funding, provided under Senate Bill 762 (2021), for fire resilience activities that relate to the project proposed in this grant application? ☐ Yes X No Describe how you are incorporating both post‐fire recovery and fire‐resilience activities into your work in the fire impacted areas. (5000 character limit) Legislative funding for 2020 post‐fire recovery was provided to OWEB with the intent that most of the grant funding would support on‐the‐ground implementation activities. Given this intent, provide justification for any aspects of your budget that are not associated with implementation activities (e.g., maximum allowable indirect rate of 10% for projects with large direct‐cost budgets). (6000 character limit) Upload the excerpt(s) of the post‐fire assessment and/or analysis that references the proposed restoration action and geography as a priority. (On the Upload page, use the comment field to describe the file(s) being uploaded.) Upload a map(s) of the proposed project area(s). (On the Upload page, use the comment field to describe the file(s) being uploaded.) Consider uploading other relevant information such as letters of support or photos of proposed project areas. While these uploads are not required, they can be useful to reviewers during the evaluation process. (If you choose to upload such information, on the Upload page, use the comment field to describe the file(s) being uploaded.) OWEB staff and application review teams carefully review application budgets and may question how costs were developed. Use this section of the application to explain how project costs were estimated. Contract costs should be broken out and should match the scope of work described in the application. BUDGET JUSTIFICATION The project uses proven methods and standard industry rates to deliver cost‐ effective, successful outcomes. Contractor costs are based on competitively bid rates for field labor, project management and mobilization. Acreages for weed control (manual, chemical) and soil stabilization (seeding) are derived from the ETART review process. Plant materials costs are typical and based on a review of a wide range of regionally based native plant nurseries. Drone costs are included in this project (and funded by ▇▇▇▇▇▇ County Parks), because we have pre‐fire and post‐fire drone footage and partner capacity to continue drone monitoring that we anticipate will provide important information for stake...
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Funding Considerations 
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Related to Funding Considerations

  • Special Considerations The Provider position may be abolished at any time by the Collin County Commissioners Court.

  • Financial Considerations 9.1. In consideration for the rendering of the services, the cidb shall pay the service provider as set forth in Annexure “B” hereof. 9.2. The Service Provider acknowledges that as an independent contractor it will be remunerated for delivery of a specific services as set forth in Annexure “A” hereof. 9.3. Where the Service Provider is a registered VAT vendor, payment of the fees shall be payable to the Service Provider within 30 (thirty) days of receipt of a duly completed VAT invoice, less applicable financial penalties and disputed amounts, provided the invoice is accurate and meets the requirements of this Agreement 9.4. Each invoice shall contain- 9.4.1. A description of the Services rendered; and 9.4.2. Any such details as may reasonably be requested by the cidb, from time to time. 9.5. Should the cidb query an item in an invoice, the Service Provider shall within seven (7) days after a written request by the cidb, provide the cidb with any other documentation or information reasonably required by the cidb in order to verify the accuracy of the amounts due on an invoice. 9.6. The Service Provider shall for the contract term and for a period of three (3) years after the termination of this Agreement, maintain a complete audit trail of the Services performed under this Agreement, sufficient to permit a complete audit thereof. 9.7. Unless otherwise agreed in writing, the cidb shall not be responsible for any subsistence, accommodation, and travel allowances that the service provider may incur in rendering the services. Any extraordinary expenses if payable by the cidb will require cidb’s prior approval before they are incurred by the service provider. 9.8. The cidb will pay the Service Provider for work completed by direct transfer into the following bank account of the Service Provider or such other bank account designated by the Service Provider from time to time. 9.9. The cidb may withhold payment of fees that the cidb disputes in good faith or, if the disputed fees have already been paid, the cidb may withhold an equal amount from a later payment, including disputes in respect of an error in an invoice or an amount paid. If the cidb withholds any such amount- 9.9.1. The cidb shall promptly notify the Service Provider that it is disputing such amount providing a reasonable explanation of the rationale therefore and the Parties shall promptly first address such dispute in accordance with this Clause 16; 9.9.2. If the dispute relates to (or equals in the case of disputed amounts that have already been paid) only a percentage of the invoiced amount, then the cidb shall pay the undisputed amount in accordance with Clause 11.5 above; and 9.9.3. If an invoice is identified as incorrect, then the Service Provider shall either issue a correct invoice if the amount has not yet been paid, or make a correction on the next invoice if the amount has been paid 9.10. Should the service provider be in breach of any of its obligations in terms hereof, or the service levels not being at an acceptable level, and the service provider has failed to rectify such a breach, after receipt of a notice and within the period referred to in clauses 7.2 and 16, the cidb shall be entitled to withhold any payment which may be payable to the service provider until the service levels are once again within acceptable limits. If the cidb elects to exercise its rights in terms of this clause, then the cidb shall be obliged to notify the service provider thereof in writing. 9.11. Any amount payable in terms of this agreement, which is not paid on the due date for payment, shall attract interest of not more than the prevailing rates.

  • Closing Consideration (a) At the Closing, Buyer shall pay to Seller or its designee, and Seller or its designee shall receive on behalf of the Affiliate Sellers and Asset Sellers, in consideration for the purchase of the Shares and the Purchased Assets pursuant to Section 2.1, an amount of cash (the “Closing Consideration”) equal to $1,978,151,867 (the “Base Purchase Price”) plus any Adjusted Statutory Book Value Surplus, minus any Adjusted Statutory Book Value Deficit, plus any Other Acquired Companies Shareholders Equity Surplus, minus any Other Acquired Companies Shareholders Equity Deficit, minus the Adjustment for PRIAC IMR Tax Gross-up, in each case, determined by reference to the Estimated Closing Statement in accordance with Section 2.6 (such aggregate amount, as adjusted in accordance with Section 2.7, the “Purchase Price”). (b) At the Closing, in accordance with the PICA FSS Reinsurance Agreements: (i) Seller shall transfer for deposit into the applicable PICA FSS Trust Account Investment Assets (PICA) that are Authorized Investments selected and valued in accordance with the Valuation Methodologies with an aggregate fair market value equal to the Net Initial Reinsurance Settlement Amount for the applicable PICA FSS Reinsurance Agreement as reflected on the Estimated Reinsurance Settlement Statement (“Transferred Investment Assets”) in accordance with Section 2.3(d); provided, if (A) the amount of the Initial Reinsurance Premium is greater than the Required Balance (as defined in the PICA FSS Reinsurance Agreements) as of the Effective Time for the applicable PICA FSS Reinsurance Agreement as reflected on the Estimated Reinsurance Settlement Statement (such excess amount with respect to the applicable PICA FSS Reinsurance Agreement, the “Overfunding Amount”) and (B) the applicable Overfunding Amount is greater than the applicable portion of the Ceding Commission, then Seller shall transfer directly to the applicable Reinsurer Transferred Investment Assets with an aggregate fair market value, determined in accordance with the Valuation Methodologies, equal to the amount by which the applicable Overfunding Amount exceeds such portion of the Ceding Commission, and only the remainder of the Transferred Investment Assets shall be deposited into the applicable PICA FSS Trust Account; (ii) The applicable Reinsurer shall transfer to the applicable PICA FSS Trust Account Authorized Investments such that, after giving effect to the transfers contemplated by Section 2.3(b)(i), the aggregate Book Value (as defined in the PICA FSS Reinsurance Agreements) in each such PICA FSS Trust Account is equal to the Required Balance (as defined in the PICA FSS Reinsurance Agreements) as of the Effective Time for the applicable PICA FSS Reinsurance Agreement as reflected on the Estimated Reinsurance Settlement Statement; and (iii) Seller shall credit to the applicable Modco Account the applicable Separate Account Assets (as such terms are defined in the PICA FSS Reinsurance Agreements). (c) Buyer shall cause to be prepared and delivered to Seller at least five (5) Business Days prior to the anticipated Closing Date a statement setting forth an allocation of the full amount of the Ceding Commission between each of the PICA FSS Reinsurance Agreements. (d) Seller shall undertake its ordinary course process consistent with past practice for determining any credit-related impairments or credit-related losses in value as of the Closing Date for the Transferred Investment Assets and reflect any credit- related impairments or credit-related losses in value from such process in the Transferred Investment Assets. Following the Closing, Seller shall provide reasonable documentation reasonably requested by Buyer for purposes of ▇▇▇▇▇’s assessment of any credit-related impairments or credit-related losses as of the Closing Date. Seller shall sell, convey, assign, transfer and deliver to the applicable Reinsurer free and clear of all Encumbrances (other than Permitted Encumbrances or Encumbrances imposed under the applicable PICA FSS Trust Agreements) good and marketable title to the Transferred Investment Assets in respect of the PICA FSS Reinsurance Agreements (for the avoidance of doubt, together with all of Seller’s rights, title and interest thereto, including with respect to the investment income due and accrued thereon) and deposit on their behalf to the applicable PICA FSS Trust Account pursuant to Section 2.3(b)(i). Any investment assets to be transferred to a PICA FSS Trust Account shall be transferred in the manner set forth in the applicable PICA FSS Trust Agreement. All third-party costs or expenses incurred (whether prior to, on or following the Closing Date), including reasonable attorneys’ fees, in connection with the transfers of assets to the PICA FSS Trust Accounts or the Reinsurers (including any re-registrations or re-titling thereof) as contemplated by Section 2.3(b)(i) and this Section 2.3(d) shall be borne fifty percent (50%) by Seller and fifty percent (50%) by Buyer.

  • Settlement Consideration 4.1 Subject to the procedures in Sections 6 and 7 below, and in compromise of disputed claims and in consideration of this Agreement, as well as additional consideration described in this Agreement, the Parties have agreed that in exchange for a release by the Releasing Persons of the Released Persons of Released Claims, entry of Final Judgment as contemplated herein, and dismissal with prejudice of the Action, Defendant shall make the following payments: 4.1.1 Subject to the terms, limits, conditions, coverage limits, and deductibles of policies, Class Members who timely file valid Claim Forms by the Claims Deadline will be paid Claim Settlement Payments in an amount equal to the Nonmaterial Depreciation that was withheld from ACV Payments and not subsequently paid; 4.1.2 For Class Members identified under subsections 4.1.1 above, simple interest at the rate of 6% per annum on the Nonmaterial Depreciation determined under subsections 4.1.1, from the date of each respective ACV Payment to the Effective Date; 4.1.3 For Class Members identified under subsections 4.1.1 and for whom all Nonmaterial Depreciation that was withheld from ACV Payments was subsequently paid, simple interest at the rate of 6% per annum on Nonmaterial Depreciation that was initially withheld from ACV payments, from the date of each ACV Payment from which Nonmaterial Depreciation was withheld to the date all Nonmaterial Depreciation was paid; 4.1.4 Subject to the conditions set forth in this Agreement, attorneys’ fees and expenses that are awarded by the Court to Class Counsel; 4.1.5 Subject to the conditions set forth in this Agreement, service awards that are awarded by the Court to the Representative Plaintiffs. 4.1.6 The costs of Class Notice and settlement administration, as provided in this Agreement; and 4.1.7 The reasonable fees incurred by the Neutral Evaluator, as provided in this Agreement. 4.2 Until such time as the foregoing payments are made, all sums to be paid by Defendant shall remain under the control and ownership of Defendant or Defendant’s independent contractors. Neither Class Members nor any other Person shall have any right to or ownership or expectation interest in Claim Settlement Payments or any other sums unless and until timely and eligible claims of Class Members have been submitted and checks in payment of same have been issued and timely negotiated by Class Members, as described in this Agreement. For any payment that has not been timely negotiated by a Class Member, that Class Member’s rights to that payment shall be forfeited by the Class Member, and all rights to any such payments shall be governed by the Defendant’s general escheatment procedures and in accordance with the laws of the applicable states.

  • Additional Considerations For FEMA’s Assistance to Firefighters Grant (AFG) Program, recipients must include a penalty clause in all contracts for any AFG-funded vehicle, regardless of dollar amount. In that situation, the contract must include a clause addressing that non-delivery by the contract’s specified date or other vendor nonperformance will require a penalty of no less than $100 per day until such time that the vehicle, compliant with the terms of the contract, has been accepted by the recipient. This penalty clause should, however, account for force majeure or acts of God. AFG recipients should refer to the applicable year’s Notice of Funding Opportunity (NOFO) for additional information, which can be accessed at ▇▇▇▇.▇▇▇.