Maximum Community financial contribution Sample Clauses

Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be € [insert amount] ([insert amount in words] EURO). The Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Annex I includes: - a table of the estimated breakdown of budget and Community financial contribution per activity to be carried out by each of the beneficiaries under the project. Beneficiaries are allowed to transfer budget between different activities and between themselves in so far as the work is carried out as foreseen in Xxxxx X. - [a table per beneficiary specifying the budget to be reimbursed as a lump sum. Beneficiaries are not allowed to transfer budget to the part to be reimbursed as a lump sum. The latter does not apply for International Cooperation activities.]4 4 The bank account of the coordinator to which all payments of the Community financial contribution shall be made is: Name of account holder: Name of bank: Account reference: IBAN/sort code and number
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Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR [insert amount] ([insert amount in words] EURO). The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the Community financial contribution are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and Community financial contribution per activity to be carried out by each of the beneficiaries under the project. Beneficiaries are allowed to transfer budget between different activities and between themselves in so far as the work is carried out as foreseen in Annex I. - [a table per beneficiary specifying the budget to be reimbursed as a lump sum. Beneficiaries are not allowed to transfer Community financial contribution to the part to be reimbursed as a lump sum. The latter does not apply to beneficiaries from International Cooperation partner countries.]3 3. The bank account of the coordinator to which all payments of the Community financial contribution shall be made is: Name of account holder: Name of bank: Account reference: IBAN/sort code and number
Sample 1
Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR [insert amount] (in words: [insert amount in words] euros). [(Pilot projects) The Community financial contribution shall be limited to [up to 50%] of the eligible costs.] [(Best practice networks) The Community financial contribution shall be limited to [up to 80%] of the eligible direct costs. Indirect costs shall not be eligible.] [(Thematic network – actual cost) The Community financial contribution shall not finance the entire costs of the project. It shall be limited to the additional costs of coordinating and implementing the network. Eligible direct costs for beneficiaries other than the coordinator shall be limited to travel and subsistence expenses as well as personnel costs incurred for the elaboration of any of the deliverables described in Annex I. The Community financial contribution shall be [up to 100%] of eligible costs.] [(Thematic network – lump sum) The Community financial contribution shall cover the additional costs of coordinating and implementing the thematic network. It shall take the form of flat-rate financing based on scale-of-unit cost and lump sums. Costs incurred by the coordinator for the coordination of the network shall be financed by an amount of EUR 3000 per year per beneficiary for the first 10 beneficiaries and by an amount of EUR 2000 per year per beneficiary from the 11th beneficiary on. No additional costs may be charged from the 21st beneficiary on. This flat-rate based on scale-of-unit costs covers all costs for the coordination of the network, except costs for attending meetings and events. Costs incurred by any beneficiary other than the coordinator for the implementation of the network as described in Annex I shall be financed by a lump sum of EUR 3000 per year. Costs incurred by any beneficiary, including the coordinator, for the attendance of network meetings and events shall be financed by a lump sum of EUR 5000 per year per beneficiary. The coordinator and the other beneficiaries may not charge any direct or indirect costs other than those indicated above.] The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Annex I contains an indicative breakdown of the budget and the Community financial contribution between beneficiaries. [Beneficiaries are allowed to transfer budget amounts between themselves provided the work is carried out as described in Xxxxx X. The coo...
Sample 1
Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR [insert amount] ([insert amount in words] EURO). The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the Community financial contribution are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and Community financial contribution per activity to be carried out by the beneficiary under the project. The beneficiary is allowed to transfer budget between different activities in so far as the work is carried out as foreseen in Annex I. - [a table specifying the budget to be reimbursed as a lump sum. The beneficiary is not allowed to transfer Community financial contribution to the part to be reimbursed as a lump sum. The latter does not apply to beneficiaries from International Cooperation partner countries.]2 3. The bank account of the beneficiary to which all payments of the Community financial contribution shall be made is: Name of account holder: Name of bank: Account reference: IBAN/sort code and number Article 5 Pre-financing
Sample 1
Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR [insert amount] ([insert amount in words] EURO). The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. The maximum Community financial contribution to each beneficiary is set out in Annex III to this grant agreement. 2. Details of the Community financial contribution are contained in Annex III to this grant agreement which includes a table of the estimated breakdown of budget and pre- financing. Beneficiaries are not allowed to transfer budget or tasks as defined in Annex I without the prior written approval of the Commission and the corresponding amendment of this grant agreement. 3. The Commission shall pay directly to each beneficiary sums due under the grant agreemen . For the coordinator, payments will be made to the following bank account or sub-account denominated in euro, as indicated below.4 [ACRONYM] Name of bank: […] Address of branch: […] Precise denomination of the account holder: […] Account reference: IBAN/sort code and number 2 The start date cannot be prior to the submission date of the proposal. It can be set before the date of entry into force of the grant agreement only in case the consortium can demonstrate the need to start the project before the grant agreement is signed by both parties.
Sample 1
Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR 4,500,000 (FOUR MILLION FIVE HUNDRED THOUSAND EURO). The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the Community financial contribution are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and Community financial contribution per activity to be carried out by each of the beneficiaries under the project. Beneficiaries are allowed to transfer budget between different activities and between themselves in so far as the work is carried out as foreseen in Xxxxx X. 3. The bank account of the coordinator to which all payments of the Community financial contribution shall be made is: Name of account holder: FLORALIS UJF FILIALE Name of bank: CAISSE D'EPARGNE RHONE ALPES Account reference: XX0000000000000000000000000
Sample 1
Maximum Community financial contribution. 1. The maximum Community financial contribution to the project shall be EUR 1,591,996 (ONE MILLION FIVE HUNDRED NINETY-ONE THOUSAND NINE HUNDRED NINETY-SIX EURO). The actual Community financial contribution shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the Community financial contribution are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and Community financial contribution per activity to be carried out by each of the beneficiaries under the project. Beneficiaries are allowed to transfer budget between different activities and between themselves in so far as the work is carried out as foreseen in Xxxxx X. 3. The bank account of the coordinator to which all payments of the Community financial contribution shall be made is: Name of account holder: UNIVERSITE LIBRE DE BRUXELLES Name of bank: ING BELGIUM NV/SA (FORMERLY BANK BRUSSELS XXXXXXX XX), XXXXX Account reference: XX00000000000000
Sample 1
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Related to Maximum Community 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.

  • Contributions to Capital (a) The minimum initial Capital Contribution of each Limited Partner will be $100,000 or such other amount as the General Partner determines from time to time. The amount of the initial Capital Contribution of each Partner will be recorded by the Partnership upon acceptance as a contribution to the capital of the Partnership. Each Limited Partner’s entire initial Capital Contribution will be paid to the Partnership immediately prior to the Partnership’s acceptance of the Limited Partner’s subscription for Units, unless otherwise agreed by the Partnership and such Limited Partner. (b) The Limited Partners may make additional Capital Contributions effective as of those times and in amounts as the General Partner may permit, but no Limited Partner will be obligated to make any additional Capital Contribution except to the extent provided in Sections 5.4 and 5.5 of this Agreement. Each additional Capital Contribution made by a Limited Partner (other than a contribution made pursuant to Section 5.3 or Section 5.5 of this Agreement) will be in the minimum amount of $25,000 or such other amount as the General Partner determines from time to time. (c) A General Partner may make additional Capital Contributions effective as of those times and in such amounts as it determines, and will be required to make additional Capital Contributions from time to time to the extent necessary to maintain the balance of its Capital Account at an amount, if any, necessary to ensure that the Partnership will be treated as a Partnership for U.S. federal income tax purposes. Except as provided in this Section 5.1 or in the Delaware Act, no General Partner will be required or obligated to make any additional contributions to the capital of the Partnership. (d) Subject to the provisions of the 1940 Act, and except as otherwise permitted by the General Partner, (1) initial and any additional Capital Contributions by any Partner will be payable in cash or in Securities that the General Partner, in its absolute discretion, causes the Partnership to accept, and (2) initial and any additional Capital Contributions in cash will be payable in readily available funds at the date of the proposed acceptance of the contribution. The Partnership will charge each Partner making a Capital Contribution in Securities to the capital of the Partnership an amount as may be determined by the General Partner to reimburse the Partnership for any costs incurred by the Partnership by reason of accepting the Securities, and any charge will be due and payable by the contributing Partner in full at the time the Capital Contribution to which the charges relate is due. The value of contributed Securities will be determined in accordance with Section 7.3 of this Agreement as of the date of contribution. (e) An Advisor may make Capital Contributions and own Units in the Partnership and, in so doing, will become a Limited Partner with respect to the contributions. (f) The minimum initial and additional contributions set out in paragraphs (a) and (b) of this Section 5.1 may be increased or reduced by the General Partner from time to time. Reductions may be applied to all investors, individual investors or to classes of investors, in each case in the sole discretion of the General Partner.

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

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

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

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