Granting of an allocation Sample Clauses

Granting of an allocation. The donor shall grant the recipient in the deficit-financing mode a non-repayable allocation of up to 88,410 EUR (in words eighty-eight thousand four hundred and ten euros) for the project Shaping Global Norms and Principles on AI: Promoting a Human Rights Approach (intended purpose of the allocation) referred to in the application dated 3 December 2020. The allocation may only be requested and used to achieve the intended purpose of the allocation when the recipient’s own and other funds envisaged for the project have been exhausted. If a deficit is to be financed pro rata by several donors, the allocation may only be requested pro rata with the financial support from the other donors. Only funds needed to achieve the intended purpose of the allocation within the next six weeks may be requested and paid. The recipient may agree or effect payments prior to completion of the relevant service or purchase only where this is customary or where justified in special circumstances. The allocation is approved on the basis of the above-mentioned project application and the Financial Plan (version dated 3 December 2020), both of which are integral elements of this Agreement. The allocation is intended exclusively to defray outlays necessary for the achievement of the intended purpose of the allocation. Expenditure for supplies and services ordered by the recipient before concluding this Agreement and expenditure not related to the intended purpose of the allocation may not be financed (or partly financed) from the allocation.
Sample 1
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Related to Granting of an allocation

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

  • Full-Time Equivalent (FTE) and Employer Contributions a) The FTE used to determine the Board’s benefits contributions will be based on the average of the Board’s FTE as of October 31st and March 31st of each year.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if:

  • No Discrimination for Union Activity The Employer and the Union agree that there shall be no discrimination, interference, restriction, or coercion exercised or practised with respect to any employee for reason of membership or activity in the Union.

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

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