OPERATIONAL FUNDING. 5.1 In accordance with clause 30.1 of the Framework Agreement, and subject to appropriation by Parliament and the approval of the Treasury Board of Canada, Canada shall provide Operational Funding to the First Nation as indicated in Annex “A” in accordance with the Operational Funding Formula as amended from time to time.
OPERATIONAL FUNDING. 30.1 An individual agreement between the Minister and a First Nation will determine the resources to be provided by Canada to the First Nation to manage First Nation lands and make, administer and enforce its laws under a land code. The agreement will determine specific funding issues, for example period of time, and terms and conditions.
OPERATIONAL FUNDING. The term "Operational Funding" shall mean the funding necessary to operate the call-taking, teletype (queries only) and dispatch functions of the Consolidated Regional E-911 Communications System, subject to the appropriation and availability of adequate funds by COUNTY.
OPERATIONAL FUNDING. The City will fund certain eligible SAAC costs in the amount of ONE MILLION DOLLARS AND NO CENTS ($1,000,000.00) which may include start-up expenses, professional fees, management and labor costs, and the costs of service contracts incurred by SAAC in connection with its role in the commissioning and operation of its services and operational reserves to provide the services outlined in this Agreement. This funding will be provided at an interest rate of 1.5% annually. The City will pay the Funds to SAAC, as agent for certain airlines, in a lump-sum payment to be disbursed thirty (30) days prior to operational start-up in accordance with any and all agreements between the City, airlines and SAAC. SAAC shall reimburse the City in three installments according to the following schedule: • $333,333 plus associated interest charges within one (1) year of operational start-up • $333,333 plus associated interest charges within two (2) years of operational start-up • $333,334 plus associated interest charges within three (3) years of operational start-up The City will allow prepayment of the Operational Funding plus interest through the date of prepayment, without penalty. Further, if at the end of the third year the total amount of the advance plus interest is not recovered, the City may recover the unpaid amount by placing a surcharge on Airline’s (together with other airlines) rents and fees until the total amount of the advance and interest are recovered. The surcharge will not exceed the unpaid balance on the loan. The unpaid balance will be allocated according to the Common Use Formula.
OPERATIONAL FUNDING. 5.1 In accordance with clause 30.1 of the Framework Agreement, Canada shall provide the First Nation with Operational Funding in accordance with Annex “A” for the period commencing on the date that the Land Code comes into force and ending March 31, 2011.
OPERATIONAL FUNDING. During the Operations Phase, Opinaca shall contribute each Year to the Mayappo Institute an amount equal to the amount secured by the Mayappo Institute from other funding sources in the Year, up to a maximum of ––– dollars ($ ––– ) per Year. The first such payment shall be paid within thirty (30) days of the date of execution of this Agreement and thereafter on the first business day of each subsequent Year. The Cree shall provide to Opinaca a written confirmation of such funding sources of the committed amount.
OPERATIONAL FUNDING. Given the ongoing operational review and recent approach from Hiria, the Board is also actively reviewing its balance sheet and capital requirements to ensure it remains well funded to continue operations and expedite completion of the Transaction. Further information will be provided to shareholders, in due course. Note: The information in this statement relating to Mineral Resources and geology has been reviewed and approved by Xx Xxxxxx, BSc (Hons), GDE, Pr Sci Nat, who is a competent person in terms of the SAMREC and JORC codes. Xx Xxxxxx is the Geology Manager of Central Rand Gold South Africa Proprietary Limited and has over 20 years’ experience in precious metal exploration, mineral resource management and evaluation. For further information, please contact: Central Rand Gold Xxxxx xx Xxxx / Xxxxxx Xxxxxx +00 (0) 00 000 0000 Xxxxxxx Xxxxxxx Securities Limited Xxxx Xxxxx / Xxxx Xxxxxx +00 (0) 00 0000 0000 Merchantec Capital Xxxxxxx Xxxxxxxx / Xxxxxx Xxxxxxxxx +00 (0) 00 000 0000 Xxxxx Xxxxxx Public Relations Proprietary Limited Xxxxx Xxxxxx +00 (0) 00 000 0000 Johannesburg 11 November 2014
OPERATIONAL FUNDING. In this section Canada is agreeing to provide a base amount of operational funding to Fort XxXxx First Nation. • To help with the initial Land Code implementation Fort XxXxx First Nation will also receive payments of $75,000 for the first and second year once the land code is operational.
OPERATIONAL FUNDING. Obligates Canada to provide Cowichan Tribes with funding and resources for managing reserve lands. The amount of funding is determined by a funding formula, which is negotiated on a five-year basis.
OPERATIONAL FUNDING. Ongoing activities will require a level of funding determined through the development of the annual KCFF Work Plan and Budget by the KCFF MANAGEMENT COMMITTEE and supported by CKL and PKED annual budget processes. Where financial support for a collaborative KCFF project is provided by one party to the other, having the lead for a project, the receiving party will track receipts and spending and report annually to the other party through financial statements.
