Common use of Funding Formula Clause in Contracts

Funding Formula. The Policy Committee shall annually on or before July 1 of each year, by a unanimous vote, approve the funding formula to determine the parties’ share of expenses for Consortium operations, provided, however, that the most recently approved cost-sharing formula shall continue unless amended by the unanimous vote of the parties.

Funding Formula. The Policy Committee shall annually on or before July 1 of each year, by a unanimous vote, approve the funding formula to determine the parties’ Parties' share of expenses for Consortium operations, provided, however, that the most recently approved cost-sharing formula shall continue unless amended by the unanimous vote of the partiesParties.

Funding Formula. The Policy Committee shall annually on or before July February 1 of each year, by a unanimous vote, approve the funding formula to determine the parties’ share of expenses for Consortium operations, provided, however, that the most recently approved cost-cost- sharing formula shall continue unless amended by the unanimous vote of the parties. The funding formula shall take into account the contribution to the Consortium by a member of fiber or facilities already constructed by the member.