Common use of Funding Obligation Clause in Contracts

Funding Obligation. 9.1.1 Each Party (or Parties, as the case may be) appointing a representative shall bear the remuneration for its Representative(s). 9.1.2 Each Party shall be responsible for funding a proportion of the Aggregate Approved Expenditure equal to: where: 9.1.3 The allocation of funding between the Parties under Clause 9.1.2 shall be reviewed from time to time on request by any Representative.

Appears in 2 contracts

Samples: Joint Governance Arrangements Agreement, Joint Governance Arrangements Agreement

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Funding Obligation. 9.1.1 Each Party (or Parties, as the case may be) appointing a representative shall bear the remuneration for its Representative(s).Representative(s).‌ 9.1.2 Each Party shall be responsible for funding a proportion of the Aggregate Approved Expenditure equal to: where:to:‌ Network Ownership = number of Networks owned by that Party. 9.1.3 The allocation of funding between the Parties under Clause 9.1.2 shall be reviewed from time to time on request annually by any Representativethe Parties.

Appears in 1 contract

Samples: Joint Governance Arrangements Agreement

Funding Obligation. 9.1.1 Each Party (or Parties, as the case may be) appointing a representative shall bear the remuneration for its Representative(s). 9.1.2 Each Party shall be responsible for funding a proportion of the Aggregate Approved Expenditure equal to: Aggregate Approved Expenditure x Network Ownership nine (9) where: 9.1.3 The allocation of funding between the Parties under Clause 9.1.2 shall be reviewed from time to time on request annually by any Representativethe Parties.

Appears in 1 contract

Samples: Joint Governance Arrangements Agreement

Funding Obligation. 9.1.1 Each Party (or Parties, as the case may be) appointing a representative shall bear the remuneration for its Representative(s). 9.1.2 Each Party shall be responsible for funding a proportion of the Aggregate Approved Expenditure equal to: where: 9.1.3 The allocation of funding between the Parties under Clause 9.1.2 shall be reviewed from time to time on request annually by any Representativethe Parties.

Appears in 1 contract

Samples: Joint Governance Arrangements Agreement

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Funding Obligation. 9.1.1 Each Party (or Parties, as the case may be) appointing a representative shall bear the remuneration for its Representative(s).Representative(s).‌ 9.1.2 Each Party shall be responsible for funding a proportion of the Aggregate Approved Expenditure equal toto:‌ where: where: 9.1.3 The allocation Network Ownership = number of funding between the Parties under Clause 9.1.2 shall be reviewed from time to time on request Networks owned by any Representativethat Party.

Appears in 1 contract

Samples: Joint Governance Arrangements Agreement

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