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.
5.2 The Operational Funding referred to in clauses 5.1 will be incorporated by the Parties into the First Nation’s Funding Arrangement in effect in the year in which the payment is to be made. For greater certainty, payment of Operational Funding will be subject to the terms and conditions of the Funding Arrangement into which it is incorporated.
5.3 The First Nation acknowledges that all obligations of Canada to fund the First Nation, as required by Part V (Environment) and Part VI (Funding) of the Framework Agreement, have been addressed by the Operational Funding Formula.
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.
30.2 A method for allocating such operating funds as may have been appropriated by Parliament will be developed by the Parties and the Lands Advisory Board.
30.3 Unless a First Nation and Canada agree otherwise, an individual agreement respecting the provision of funding under this clause will have a maximum term of five years and will include provisions for its amendment and renegotiation.
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. 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 ʔakisq̓ nuk First Nation as indicated in Annex “A” in accordance with the Operational Funding Formula as amended from time to time.
5.2 The Operational Funding referred to in clause 5.1 will be incorporated by the Parties into the ʔakisq̓ nuk First Nation’s Funding Arrangement in effect in the year in which the payment is to be made. For greater certainty, payment of Operational Funding will be subject to the terms and conditions of the Funding Arrangement into which it is incorporated.
Operational Funding. 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 Participating Municipalities shall fund the operations of the Motor Vehicle for Hire Authority (the “Authority”) by contributing funds each fiscal year in pro rata proportions which total the Authority’s projected budgeted shortfall (which is defined as budgeted expenses less budgeted revenues) for each respective fiscal year. The pro rata proportions shall be measured as follows: Prior to the termination of the fiscal year, the Administrator of the Authority, using the information maintained by the Authority, shall determine the proportionate share (ie, percentage) of hire vehicle trips in the previous fiscal year which terminated within the boundaries of each Participating Municipality. The percentage attributable to each municipality shall be the percentage amount of amount of each municipality’s respective contribution to the Authority’s budget shortfall.
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.
Operational Funding. Subsequent FISCAL Years Subject to paragraph (e) above, Operational Funding will be calculated and paid each Fiscal Year based on the Operational Funding Formula as amended from time to time.
Operational Funding. Throughout the term of this Venture PJTX shall have the right to a 50% interest in the Joint Venture in exchange for the contribution of sufficient operational funding required to bring the Joint Venture to profitable, self-funding status; subject to the terms and conditions set forth below;
SECTION 5.2.1 CAPITALIZATION PJTX and its parent company EARH shall provide initial capitalization to the Joint Venture in the amount of US $10,000,000. The Parties to this Agreement have determined that this level of capitalization is reasonably sufficient to achieve profitability. Actual operating costs will be subject to market prices at the time of operations. EARH has pledged 10 million shares of its common stock to DMS which will remain outstanding until the funds are raised, pursuant to a written Pledge Agreement dated April 27, 2012, entered into by and between PJTX, EARH and DMS.
SECTION 5.2.2 CAPITALIZATION THRESHOLD PJTX and its parent company EARH will contribute up to US $25,000,000 if said level of capitalization is required to attain profitable, self-funding status of the Joint Venture, as mutually agreed to by the Parties.
SECTION 5.2.3 ADDITIONAL CAPITAL In the event that the Joint Venture requires capital in excess of $25 million for its operational needs for the Targets, each party shall be obligated to raise fifty percent (50%) of such additional capital through the sale of ownership percentages in the Joint Venture.
Operational Funding. During the Operations Phase, Opinaca shall contribute each Year to the Mayappo Institute an amount equal to the amount secured by the Mayappo Institute from other funding sources in the Year, up to a maximum of ––– dollars ($ ––– ) 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.
