Income and Expenditure Sample Clauses

Income and Expenditure. During the first months of the project, each partner received the pre-financing payments. Furthermore, in January and February 2013 all partners filled in their financial statements in the EC’s online reporting environment (the NEF). We have not yet received any feedback from the EC about this information.
Sample 1
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Income and Expenditure. During the first months of the project, each partner received the pre-financing payments.
Sample 1
Income and Expenditure. 9.1. Except as otherwise provided, the Parties shall each bear their own costs and expenses incurred in complying with their obligations under this MoU. 9.2. The Parties agree to share the costs and expenses arising in respect of the Project between them in accordance with the Funding Agreement entered into by the Parties. 9.3. The Parties shall remain liable for any losses or liabilities incurred due to their own or their employee’s actions and neither Party intends that the other Party shall be liable for any loss it suffers as a result of this MoU. 9.4. SEPA will undertake a stage review process between each stage of the Project, and will appraise the merits of SEPA’s continued funding of the Project. … Council shall not commence any work, spend any granted funds or commit any granted funds until XXXX’s Responsible Officer has approved in writing, progression to the relevant stage. XXXX’s approval of progression to the relevant stage shall not be unreasonably withheld, however will be subject to continuing internal appraisal of the project. 9.5. Council shall be responsible for administering all funds received in respect of the Project.
Sample 1
Income and Expenditure. Please indicated the approximate annual income and expenditure for each account holder by ticking the relevant values in both columns where applicable and tell us the primary source of that income. Approximate value Income Expenditure a. Less than £20,000 b. £20,000 to £50,000 c. £50,000 to £100,000
Sample 1
Income and Expenditure. 24.1 Save where otherwise provided in this Contract the Contractor shall during the Term be entitled to the Operating Income. The Contractor will be responsible for all Operating Expenditure in respect of the provision of the Service, and the Contractor shall be solely responsible for and shall take the commercial risk in respect of the provision of the Service and operation of the Facilities 24.2 The Contractor shall prepare annual operating accounts in respect of the Operating Income and the Operating Expenditure for each Contract Year during the Term and the Contractor will sub- mit copies of such certified accounts for approval to the Council within [3 months] of the end of each Contract Year. If the Contractor fails to submit such accounts within the time specified (save where such failure is caused by an Event of Force Majeure or the acts or omissions or in- structions of the Council not resulting from any breach or delay by the Contractor) then without prejudice to any other rights or remedies available to the Council, the Authorised Officer or such person as may from time to time be nominated by the Authorised Officer shall be given access on reasonable notice to all and any accounting documents and information in the possession, cus- tody or control of the Contractor relating to the provision of the Service.
Sample 1
Income and Expenditure. During the first 24 months of the project, each partner received the pre-financing payments. Furthermore, in January and February 2013 all partners filled in their financial statements in the EC’s online reporting environment (the NEF) for Period 1. Period 2 reports to the NEF were similarly completed Nov 2014. All deviations were reported in Period 2 Report. The final financial reporting for the third period commenced on the 1st October 2014 and can be seen in the separate document: ‘Use of Resources’.
Sample 1
Income and Expenditure a. Camping fees shall be determined by the Shire after consultation with the group. b. Camping fees shall be collected by the Group on behalf of the Shire. c. The Group shall submit a proposed budget annually in May for consideration by Council in its budget process. d. The Group shall keep full and proper records in relation to camping records and fees received and shall make these records available to the Shire if requested to do so. e. Camping fees shall be handed to the Shire’s authorised representative on a periodic basis or transmitted to the Shire in such other manner as is directed by the Shire from time to time. f. No member of, or person acting on behalf of, the Group shall be entitled to charge any fee or receive any wage or salary or discount of fees save the fee concession granted to volunteers who undertake substantial volunteer work done in fulfilling the objects of this Agreement but the Shire may authorise out-of-pocket expenses to be paid to group members from time to time. g. Prior to incurring any expenditure to be paid by the Shire, obtain a purchase order from staff of the Shire to ensure proper accounting and audit records are maintained, in accordance with Council Policy P040220.
Sample 1
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Related to Income and Expenditure

  • Expenditure No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

  • XXXXXX’S EXPENDITURES If any action or proceeding is commenced that would materially affect Xxxxxx’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Maximum Capital Expenditures The Parent and the Borrower will, and will cause each Consolidated Subsidiary to, not make Capital Expenditures on a consolidated basis that exceed $30,000,000 in any fiscal year (the “Base Capital Expenditure Amount”). Notwithstanding anything to the contrary, the Base Capital Expenditure Amount shall be increased by the following amounts: (i) to the extent that the aggregate amount of Capital Expenditures made by the Parent and its Consolidated Subsidiaries in any fiscal year is less than the Base Capital Expenditure Amount, the amount of such difference may be carried forward and used to make Capital Expenditures in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (i) shall in no event exceed an amount equal to 75% of the unused portion of the Base Capital Expenditure Amount for such fiscal year (without giving effect to any prior adjustments), (ii) if no Default or Event of Default has occurred and is continuing, or would result after giving effect thereto, the Parent and its Consolidated Subsidiaries may make additional Capital Expenditures to the extent that the amount of such excess is deducted from the Base Capital Expenditure Amount in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (ii) shall in no event exceed an amount equal to 25% of the Base Capital Expenditure Amount (without giving effect to any prior adjustments) and (iii) the Base Capital Expenditure Amount shall exclude any Capital Expenditures that are funded with the Available Credits; provided that, at the time of such Capital Expenditures, the Borrower shall deliver a certificate of a Financial Officer stating the portion of Capital Expenditures that is being made from the Available Credit, and setting forth a calculation of the Available Credit immediately before and immediately after such Capital Expenditures.

  • Eligible Expenditures 1. Subject to Article 8.7 of the Regulation, eligible expenditures of this Programme are: (a) management costs of the Programme Operator in accordance with the detailed budget in the financial plan; (b) payments to projects within this Programme in accordance with the Regulation, this programme agreement and the project contract. 2. Eligible expenditures of projects are those actually incurred by the Project Promoter or project partners, meet the criteria set in Article

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1. (ii) The parties acknowledge and agree that the permitted Consolidated Capital Expenditure level set forth in clause (i) above shall be exclusive of the amount of Consolidated Capital Expenditures actually made with the proceeds of a cash capital contribution to Company (including the proceeds of issuance of equity securities) made by Parent from the issuance by Parent of its equity Securities after the Closing Date and specifically identified in a certificate delivered by an Authorized Officer of Company to Administrative Agent on or about the time such capital contribution is made; provided that, to the extent any such cash capital contributions constitute Net Securities Proceeds after the Closing Date, only that portion of such Net Securities Proceeds which is not required to be applied as a prepayment pursuant to Section 2.4B(ii)(c) (or pursuant to the First Lien Credit Agreement) may be used for Consolidated Capital Expenditures pursuant to this clause (ii).

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