Funding Decisions Clause Samples

The 'Funding decisions' clause defines how and by whom decisions regarding the allocation or approval of funds are made within an agreement or project. Typically, this clause outlines the process for submitting funding requests, the criteria for evaluating those requests, and identifies the individuals or committees responsible for making final determinations. Its core practical function is to establish a clear and transparent framework for financial decision-making, thereby reducing disputes and ensuring that funding is distributed according to agreed-upon priorities and procedures.
Funding Decisions. Funders will fund from the top of the ranked list downward until the budget of any funding organisation is exhausted. At this point, funders may agree to skip to the next highest-ranking proposal that can be funded with the remaining budgets. The funders meeting will agree a list of proposals to fund, subject to any further internal processes required by any funding agency. At NAFOSTED, the funding recommendation will need to be approved by the Board of Trustees for final decision. No outcomes or feedback will be communicated to the applicants until all funding is confirmed by each funding agency. Final funding commitments will be detailed in the co-funding documentation between the funding partners. Funding will then be administered by each relevant agency, as per their standard processes, terms and conditions and requirements.
View SourceView Similar (2)
Funding Decisions. The Oversight Committee will consider funding allocations for delivery of Foundation Services, National Services and Strategic Priority Projects for each financial year of the Agreement, based on a costing request from the relevant Delivery Partner and an assessment of the viability of delivery of the project by the Oversight Committee. The Oversight Committee may agree to reallocate funding across National Services, Foundation Services and Strategic Priority Projects, following consultation with relevant Delivery Partners. There may be circumstances where approval from Health Ministers may be needed to commit funding to an initiative in future years. If a surplus is expected for any given financial year, the Delivery Partner will advise the Parties through the governance arrangements outlined in this Agreement. The Oversight Committee will consult with the Delivery Partner on how (or whether) the unspent funds may be reinvested, in accordance with the objectives of this Agreement and subject to any applicable legislation. Where the decision to fund a new/ongoing project is made (and approved) by the Oversight Committee, the following procedures should be followed: • Chairs write to the Chief Executive Officer of the Agency advising on project/work that all Parties to the IGA would like delivered and the associated funding. • If in relation to the Healthcare Identifiers Service or National Authentication Service for Health, Chairs write to the Chief Executive Officer of the Agency as the contract manager for those services. • If in relation to a proposed new activity, Chairs write to the Chief Executive Officer of Services Australia with high-level advice to commence negotiations as per standard procedures.
View SourceView Similar (2)
Funding Decisions i. The lead agency and the non-lead agency will use their standard internal procedures to make their funding decision. The non-lead agency’s funding decision will be informed by the lead agency’s panel recommendation and funding decision. ii. Because the participating organizations have different funding cycles, it is possible that some projects will have delayed start dates in order to wait until funds become available. iii. UK partners on a proposal to be funded following NSF-led peer review will be invited to submit a proposal through Je-S to allow EPSRC to fund the UK portion of the project. This submission will not be subject to further peer review.
View Source
Funding Decisions. Whenever awarding HUD Continuum of Care funding to or requesting funding on behalf of sub- recipient organizations, the Board of Directors shall adhere to CoC Policies and Procedures for the Review of Applications and Selection of Sub-recipients (1/17) or its successor, which is hereby incorporated by reference, including but not limited to, funding made available pursuant to the CoC Interim Rule, the ESG Interim Rule, Chapter 420, Florida Statutes, or local ordinances.
View Source
Funding Decisions. Parties acknowledge that individual agencies may need to get approval from their governing boards before they are able to provide funding.
View Source
Funding Decisions. By virtue of LN’s 100% ownership interest in the CPI Companies and in Artist Nation, LN, LN’s Chief Executive Officer and the LN Board (collectively, the "Control Group”) will have control over, among other things, all budgets, acquisitions, divestitures, investment, capital allocation, strategy, initiatives and similar matters with respect to Artist Nation and the CPI Companies. Under no circumstances will any decision by the Control Group to fund, or to refrain from funding, or to pursue, or to refrain from pursuing, any strategy, project or initiative be considered a breach by the Companies under this Agreement or give rise to the right to terminate the Services Relationship with “Good Reason” for purposes of Section 6(e) hereof.
View Source

Related to Funding Decisions

  • Investment Decisions The Subadviser shall determine from time to time what investments and securities will be purchased, retained, sold or loaned by the Series, and what portion of such assets will be invested or held uninvested as cash.

  • Major Decisions Notwithstanding any other provisions of this Agreement, the Company and/or the Managing Member may not, without the approval of the Non-Managing Member of the Company take any of the following actions or cause Mezz LLC or Property Owner to take any of the following actions (each, a “Major Decision”): (i) borrow money (whether on a secured or unsecured basis, and whether senior, on par or subordinate to the Loans, but excluding trade debt or amend the terms and conditions of any financing of the Company or any of its Subsidiaries, including the Loans, in any material respect or make elections with respect to interest periods, interest rates or other material provisions under any such financing; (ii) lend money (whether on a secured or unsecured basis, but excluding trade debt); (iii) grant any mortgage, security interest or any other lien on any Property or any other assets of the Company or any of its Subsidiaries;; (iv) subject all or any part of any Property to a condominium statute or convert any Property to condominium or cooperative form of ownership; (v) except as otherwise provided herein, sell all or any portion of any Property; (vi) seek or consent to any change in the zoning or other land use regulations affecting any Property or any permits or approvals granted thereunder if such change will materially adversely affect the value of the Property or the rights, interests or obligations of the parties under this Agreement; (vii) rebuild or reconstruct the improvements on the Property if they are substantially damaged by a fire or other casualty, except to the extent the Company or any of its Subsidiaries is required to do so pursuant to the Loan Documents or except to the extent that the cost to rebuild or reconstruct the improvements is less than $1,000,000; (viii) acquire any real property (other than the Property), any direct or indirect interest in real property, or any interest in any Person other than the Subsidiaries; (ix) adopt the annual operating budget of the Company and its Subsidiaries, which must be submitted to the Non-Managing Member for its Approval by November 30 of the preceding year (each such annual budget, as Approved, an “Approved Budget”); (x) incur any single capital expenditure in excess of $50,000, other than capital expenditures which are (i) set forth in an Approved Budget, or (ii) otherwise specifically Approved by the Non-Managing Member; (xi) assign, transfer, pledge, compromise or release any of the claims of or debts or insurance or condemnation proceeds due the Company exceeding $50,000 except in connection with the receipt by the Company of payment in full of such claims or debts; (xii) enter into any lease for a portion of the Property in excess of 25,000 square feet; (xiii) change the Company’s or any Subsidiaries’ accounting method, either for financial or tax reporting purposes or otherwise; (xiv) dissolve the Company or any Subsidiary; (xv) effect any merger, consolidation or restructuring of the Company or any Subsidiary; (xvi) purchase or redeem all or any portion of the limited liability company interest of any Member in the Company, except as provided herein with respect to permitted transfers; (xvii) form, directly or indirectly, any subsidiary other than the Subsidiaries; (xviii) other than in connection with the Loans, sell, assign, transfer, pledge, hypothecate or otherwise dispose of or encumber all or any portion of any of the Company’s interest in any Subsidiary or permit any Subsidiary to sell, assign, transfer, pledge, hypothecate or otherwise dispose of or encumber all or any portion of its assets or cause or permit any additional equity interests to be issued by or new members to be admitted to any Subsidiary; (xix) amend or otherwise modify any of the organizational documents of the Company or any Subsidiary in any material respect or take any action which would result in the Company not being able to manage or exercise control over any Subsidiary; (xx) enter into or conduct any business or operations other than in connection with the business of the Company as contemplated by Section 7 hereof or otherwise herein, or take any action which would cause the Company or any Subsidiary to cease being a “special purpose” entity as provided in Section 9(d) above; (xxi) employ any Member or any Affiliate of any Member on behalf of the Company or any Subsidiary or otherwise deal with the Company or any Subsidiary (whether as a buyer, seller, lessor, lessee, manager, broker, agent, furnisher of services, lender or otherwise) and pay to or receive from the Company, its Subsidiaries, any Member and any of their Affiliates any compensation, price, fee, commission or other payment therefore, except as contemplated by this Agreement or as set forth on Schedule D hereto; (xxii) employ any accountants for the Company or any attorneys for the Company (except that the Members specifically approve ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ LLP and Cozen ▇’▇▇▇▇▇▇ being retained as attorneys for the Company and Amper, Politziner, ▇▇▇▇▇▇ and/or ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Group being retained as accountants for the Company); (xxiii) settle any casualty loss (except to the extent fully covered by insurance less any deductible) or condemnation claim in excess of $250,000; (xxiv) settle any material litigation or threatened litigation, including without limitation that certain litigation regarding the sub-leasehold interest in the Property; (xxv) enter into any material contract or amendment; (xxvi) issue additional equity interests in itself or any Subsidiary; and (xxvii) take any other actions which, pursuant to the terms of this Agreement, require Approval of all of the Members.

  • Credit Decisions Each Lender acknowledges that it has, independently of the Administrative Agent and each other Lender, and based on such Lender’s review of the financial information of the Borrower, the Loan Documents (the terms and provisions of which being satisfactory to such Lender) and such other documents, information and investigations as such Lender has deemed appropriate, made its own credit decision to extend its Commitments. Each Lender also acknowledges that it will, independently of the Administrative Agent and each other Lender, and based on such other documents, information and investigations as it shall deem appropriate at any time, continue to make its own credit decisions as to exercising or not exercising from time to time any rights and privileges available to it under the Loan Documents.

  • Accounting Decisions All decisions as to accounting principles, except as specifically provided to the contrary herein, shall be made by the General Partner.

  • Investment Decision The Purchaser understands that nothing in the Agreement or any other materials presented to the Purchaser in connection with the purchase and sale of the Shares constitutes legal, tax or investment advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Shares.