IMI JU financial contribution Sample Clauses

IMI JU financial contribution. 1. The IMI JU financial contribution to the project shall be determined by applying the upper funding limits indicated in Article II.15, per activity and per beneficiary to the actual eligible costs and/or to the flat rates and/or lump sums accepted by the IMI JU. 2. The IMI JU financial contribution shall be calculated by reference to the cost of the project as a whole and its reimbursement shall be based on the accepted costs of each beneficiary. 3. The IMI JU financial contribution cannot give rise to any profit for any beneficiary. For this purpose, at the time of the submission of the last financial statement, the final amount of the IMI JU financial contribution will take into account any receipts of the project received by each beneficiary. For each beneficiary, the IMI JU financial contribution cannot exceed the eligible costs minus the receipts for the project. 4. The total amount of payments by the IMI JU shall not exceed in any circumstances the maximum amount of the IMI JU financial contribution referred to in Article 5.1. 5. Without prejudice to the right to terminate the grant agreement under Article II.37, and without prejudice to the right of the IMI JU to apply the penalties referred to in Articles II.23 and II.24 if the project is not implemented or is implemented poorly, partially or late, the IMI JU may reduce the grant initially provided for in line with the actual implementation of the project on the terms laid down in this grant agreement.
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IMI JU financial contribution. 2.1. Upper funding limits for beneficiaries (Article II.
Sample 1
IMI JU financial contribution. 1. The "IMI JU financial contribution" to the project shall be determined by applying the upper funding limits indicated in Article II.15, per activity and per beneficiary eligible to receive IMI JU funding to the actual eligible costs and/or to the flat rates and/or lump sums accepted by the IMI JU. 2. The IMI JU financial contribution shall be calculated by reference to the cost of the project as a whole and its reimbursement shall be based on the accepted costs of each beneficiary eligible to receive IMI JU funding. 3. The IMI JU financial contribution cannot give rise to any profit for any beneficiary. For this purpose, at the time of the submission of the last financial statement, the final amount of the IMI JU financial contribution will take into account any receipts of the project received by each beneficiary eligible to receive IMI JU funding. For each beneficiary eligible to receive IMI JU funding, the IMI JU financial contribution cannot exceed the eligible costs minus the receipts for the project. 4. The total amount of payments by the IMI JU shall not exceed in any circumstances the maximum amount of the IMI JU financial contribution referred to in Article 5. 5. Without prejudice to the right to terminate the grant agreement under Article II.37, and without prejudice to the right of the IMI JU to apply the penalties referred to in Articles II.23 and II.24 if the project is not implemented or is implemented poorly, partially or late, the IMI JU may reduce the grant initially provided for in line with the actual implementation of the project on the terms laid down in this grant agreement
Sample 1

Related to IMI JU financial contribution

  • Financial contribution 1. The Union shall pay Seychelles a financial contribution in accordance with the terms and conditions laid down in the implementing Protocol to this Agreement. That contribution shall consist of two related elements, namely: (a) access to the Seychelles fishing zone and fisheries resources, without prejudice to the access costs borne by the ship- owners; and (b) Union's financial support for reinforcing responsible fishing policy and the sustainable exploitation of fisheries resources in Seychelles' waters. 2. The component of the financial contribution for the sectoral support referred to in point (b) of paragraph 1 shall be independent of the payments regarding access costs and shall be determined and managed in the light of the objectives identified by mutual consent between the Parties in accordance with the implementing Protocol to this Agreement, to be achieved in the context of the sectoral fisheries policy of Seychelles and the annual and multi-annual programme for its implementation. 3. The financial contribution granted by the Union shall be paid each year in accordance with the implementing Protocol to this Agreement and subject to this Agreement: (a) the amount of the contribution referred to in point (a) of paragraph 1 may be revised by the Joint Committee in respect of: (i) exceptional circumstances, other than natural phenomena, preventing fishing activities in the Seychelles fishing zone; (ii) a reduction in the fishing opportunities granted to Union vessels, made by mutual agreement between the Parties for the purposes of managing the stocks concerned, where this is considered necessary for the conservation and sustainable exploitation of resources on the basis of the best available scientific advice; (iii) an increase in the fishing opportunities granted to Union vessels, made by mutual agreement between the Parties where the best available scientific advice concurs that the state of resources so permits; (b) the amount of the contribution referred to in point (b) of paragraph 1 may be revised as a result of a reassessment of the terms of the financial contribution for implementing the sectoral fisheries policy of Seychelles, where this is warranted by the specific results of the annual and multiannual programming observed by both Parties; (c) the contribution referred to in paragraph 1 may be suspended as a result of the application of Article 16 or 17 of this Agreement.

  • FINANCIAL CONTRIBUTIONS (§5.d): Owner shall use reasonable efforts to seek contributions and grants from Capital Metro Transit Authority (CMTA) and Xxxxxx County.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • Mutual Contribution The parties to this Agreement and their counsel have mutually contributed to its drafting. Consequently, no provision of this Agreement shall be construed against any party on the ground that a party drafted the provision or caused it to be drafted.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

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