MTEF Allocations Sample Clauses

MTEF Allocations. In contrast to the State Grant allocations, the MTEF projects are motivated to Treasury for specific project activities. These project proposals are based on successful early stage research funded from the State Grant and where there is close alignment with Government priorities. Once a project has been accepted by Treasury, operational management and oversight of the project is undertaken by the same team that manages the allocation and oversight of the State Grant research funds. Because MTEF applications are closely aligned to Mintek’s State Grant research areas, there is similarity between the areas being researched, although the MTEF funds are used to undertake later stage development of promising research ideas. Currently the main areas of MTEF research are:  Eco-efficiency: Mintek is currently undertaking a range of projects aimed at improving the efficiency of utilisation of electricity and water in minerals processing, and reducing the environmental impact of this activity. There are currently four projects, namely; - Water efficiency: waterless mineral processing; - Energy efficiency: reduced energy in comminution and smelting; - Environmental impact: Technology to minimise mine discharges; and - Waste and residue recycling: Mining waste dump reprocessing Collectively, these activities can be regarded as focusing on “Eco-efficiency”. Mineral and metal production is being increasingly restricted in South Africa due to the lack of availability and the increasing cost of both water and electricity. Focusing on this eco-efficiency is thus critical to sustain South Africa’s existing mineral production – a sector with one of the highest contributions to employment and foreign exchange earnings.  Titaniferous Magnetite: This is a long term development project aimed at assessing and identifying technologies suitable to unlocking the value contained in the Bushveld Complex titaniferous magnetites which is starting during the current financial year. These represent the world’s largest known reserves of titanium and vanadium, and along with the contained iron represent a significant opportunity for South Africa in the future. There is currently no technology that can economically process these deposits for the recovery of the titanium, vanadium and iron. The project aims to develop suitable technology so that in future (10 to 20 years) these deposits can be economically exploited.
Sample 1
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MTEF Allocations. In contrast to the State Grant allocations, the MTEF projects are motivated to Treasury for specific project activities. These project proposals are based on successful early stage research funded from the State Grant and where there is close alignment with Government priorities. Once a project has been accepted by Treasury, operational management and oversight of the project is undertaken by the same team that manages the allocation and oversight of the State Grant research funds. Because MTEF applications are closely aligned to Mintek’s State Grant research areas, there is similarity between the areas being researched, although the MTEF funds are used to undertake later stage development of promising research ideas. Currently the main area of MTEF research is Titaniferous Magnetite. This is a long term development project aimed at assessing and identifying technologies suitable to unlocking the value contained in the Bushveld Complex titaniferous magnetites which is starting during the current financial year. These represent the world’s largest known reserves of titanium and vanadium, and along with the contained iron represent a significant opportunity for South Africa in the future. There is currently no technology that can economically process these deposits for the recovery of the titanium, vanadium and iron. The project aims to develop suitable technology so that in future (10 to 20 years) these deposits can be economically exploited.
Sample 1

Related to MTEF Allocations

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • Special Allocations The following special allocations shall be made in the following order:

  • Allocations The profits and losses of the Company shall be allocated to the Members in accordance with their Percentage Interests from time to time.

  • Curative Allocations The allocations set forth in Sections 6.4.A(i), (ii), (iii), (iv), (v), (vi) and (vii) hereof (the “Regulatory Allocations”) are intended to comply with certain regulatory requirements, including the requirements of Regulations Sections 1.704-1(b) and 1.704-2. Notwithstanding the provisions of Sections 6.1 and 6.2 hereof, the Regulatory Allocations shall be taken into account in allocating other items of income, gain, loss and deduction among the Holders so that to the extent possible without violating the requirements giving rise to the Regulatory Allocations, the net amount of such allocations of other items and the Regulatory Allocations to each Holder shall be equal to the net amount that would have been allocated to each such Holder if the Regulatory Allocations had not occurred.

  • Risk Allocation The Product is Regulatorily Continuing.

  • Allocation and Reallocation Allocation and reallocation are the assignment or reassignment, respectively, of a classification to the appropriate grade in the compensation plan.

  • Allocation Following the Closing, Purchaser shall prepare and deliver to Sellers an allocation of the aggregate consideration among Sellers and, for any transactions contemplated by this Agreement that do not constitute an Agreed G Transaction pursuant to Section 6.16, Purchaser shall also prepare and deliver to the applicable Seller a proposed allocation of the Purchase Price and other consideration paid in exchange for the Purchased Assets, prepared in accordance with Section 1060, and if applicable, Section 338, of the Tax Code (the “Allocation”). The applicable Seller shall have thirty (30) days after the delivery of the Allocation to review and consent to the Allocation in writing, which consent shall not be unreasonably withheld, conditioned or delayed. If the applicable Seller consents to the Allocation, such Seller and Purchaser shall use such Allocation to prepare and file in a timely manner all appropriate Tax filings, including the preparation and filing of all applicable forms in accordance with applicable Law, including Forms 8594 and 8023, if applicable, with their respective Tax Returns for the taxable year that includes the Closing Date and shall take no position in any Tax Return that is inconsistent with such Allocation; provided, however, that nothing contained herein shall prevent the applicable Seller and Purchaser from settling any proposed deficiency or adjustment by any Governmental Authority based upon or arising out of such Allocation, and neither the applicable Seller nor Purchaser shall be required to litigate before any court, any proposed deficiency or adjustment by any Taxing Authority challenging such Allocation. If the applicable Seller does not consent to such Allocation, the applicable Seller shall notify Purchaser in writing of such disagreement within such thirty (30) day period, and thereafter, the applicable Seller shall attempt in good faith to promptly resolve any such disagreement. If the Parties cannot resolve a disagreement under this Section 3.3, such disagreement shall be resolved by an independent accounting firm chosen by Purchaser and reasonably acceptable to the applicable Seller, and such resolution shall be final and binding on the Parties. The fees and expenses of such accounting firm shall be borne equally by Purchaser, on the one hand, and the applicable Seller, on the other hand. The applicable Seller shall provide Purchaser, and Purchaser shall provide the applicable Seller, with a copy of any information described above required to be furnished to any Taxing Authority in connection with the transactions contemplated herein.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • Plan of Allocation 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to the Authorized Former Participants and those Current Participants covered by Paragraphs 6.6 and 6.7 below, and to the Plan for distribution to the Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.

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