Common use of Operation of the Reserve Clause in Contracts

Operation of the Reserve. 2.1 The Archive Acquisitions Reserve shall be under the control of the Joint Committee. The Joint Committee may give approval to finance an acquisition from the reserve provided the proposed expenditure relates to the procurement of archive material. Approval to any proposal will allow the approved amount to be transferred from the reserve to the appropriate heading in the Revenue Budget.

Appears in 3 contracts

Samples: An Agreement, An Agreement, An Agreement

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Operation of the Reserve. 2.1 The Archive Acquisitions Reserve archive acquisitions capital reserve shall be under the control of the Joint Committee. The Joint Committee may give approval to finance an acquisition from the reserve provided the proposed expenditure relates to the procurement of archive material. Approval to any proposal will allow the approved amount to be transferred from the reserve to the appropriate heading in the Revenue Budget.

Appears in 2 contracts

Samples: An Agreement, An Agreement

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