Payment of Financial Contributions Sample Clauses

Payment of Financial Contributions. Harrow will invoice Barnet at the beginning of April each year for the agreed cost of the provision of Public Health Services for Barnet in accordance with the annual expenditure approved by each party as part of the budget setting process. The invoice will be due for payment quarterly in advance including contributions arising from Department of Health grants.
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Payment of Financial Contributions. 44.3.1 At the beginning of each Quarter the Council will present an invoice to the CCG for one quarter of the Financial Contribution due from the CCG to Pooled Fund 1a (Individual Scheme 1 (Protection of Social Care and the Care Act) The CCG will pay the invoices on the due dates for payment, being 1st April, 1st July, 1st October, 1st January of each Financial Year. 44.3.2 At the beginning of each month the Council will present an invoice to the CCG for one twelfth of the agreed Financial Contributions due from the CCG to Pooled Fund 1b (Individual Scheme 2) and Pool Fund 2 (Individual Scheme 3), this invoice will exclude the amount attributable to the pay for performance element of the Pooled Fund (which shall be dealt with by the CCG in accordance with the National Conditions and which shall only be released into the Pooled Fund by the CCG if performance conditions are met). The CCG will pay the invoice on the due date for payment being the 1st of each month. 44.3.3 Each month the CCG will present an invoice to the Council in order to remit back to the CCG the monies transferred to it on the 1st of the month in relation to the Individual Schemes. The Council will pay the invoice submitted by the CCG from the Pooled Funds ensuring that payment is to be received by the CCG on the 26th day of the same month. 44.3.4 In order to ensure that the CCG complies with national requirements in respect of the carry forward of Financial Year end cash balances, any payments due to the CCG in respect of expenditure from the Pooled Fund during the last month of the Financial Year (March) will be reviewed by the Partners and agreed to be rescheduled for payment to the CCG where indicated by evidence of projected cash balances. 44.3.5 The invoicing and payment arrangements in respect of the CCG’s Financial Contributions to Pooled Fund 2 (Individual Scheme 3).will remain in place until such time as new purchasing and payment mechanisms are agreed to be implemented by the Partners. It is intended that during the first Financial Year of this Agreement the Partners will put in place Integrated Commissioning arrangements in respect of Individual Scheme 3 and following conclusion of the first Financial Year, if Service re-design and integration is successful, the invoicing and payment arrangements may be changed accordingly. 44.3.6 All invoices delivered pursuant to this Agreement are to be settled within 5 working days of being issued. In the event that an invoice is disputed ...
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Payment of Financial Contributions. 16.1 In the event of any increase (but not decrease) in the CEPF Index as it may pertain to the Highway Works Contribution, the Additional Amount shall be calculated as follows: Each Highway Works Contribution shall be apportioned to the following elements in accordance with the percentage quoted along side each: ELEMENT PERCENTAGE SPLIT Labour 30% Plant 15% Aggregates 5% Bricks 0% Cement 5% Roadstone, etc 25% Gas Oil 10% Timber 5% Steel Reinforcement 5% Metal Sections 0% (TOTAL) (100%) For each such element the following formula shall be applied to the amount of each element: Amount after variation = A x B C Where:- A = the percentage split for that element; B = the CEPF Index for that element at the date of payment; and C = the CEPF Index for that element as at 2 December 2002 being the date when the works were costed by the Council The Additional Amount shall be the sum of all the elements after application of the above formula to the amount of each element less the original Highway Works Contribution to which the above formula has been applied 16.2 In the event of any increase (but not decrease) in the Retail Prices Index (All items) as published by the Office of National Statistics (or in the event the Office of National Statistics ceases to publish the said index an equivalent reasonably determined by Council) (“the Index”) as it may pertain to the Play Area Contribution, the Supplemental Amount shall be the difference between the amount of the whole Play Area Contribution and the sum calculated as follows: Amount after variation = A x B Where:- A = the Play Area Contribution B = the Index for month preceding the month in which the Play Area Contribution is paid C = the Index for October 2002
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Payment of Financial Contributions. 8.6.1. The CCGs will pay their Financial Contributions to the Host Partner monthly. Each monthly payment will be paid within 12 working days of the start of the month following receipt of an invoice for that payment The Council will transfer their Financial Contribution annually. 8.6.2. Each Partner will account for their own Financial Contributions to the Pooled Budgets. . The Council’s Assistant Director of Finance will prepare and maintain a Memorandum Account in relation to the Pooled Budget, which will separately and clearly set out the purpose of the pooled budget, the identity of the Partners, the gross income and expenditure and the contributions from each Partner, the assets and liabilities of the Pooled Budget, as well as notes on any issues affecting performance (“Memorandum Account”). The Memorandum Account will be circulated to the Partners within three months after the end of the financial year. In order for Partners to disclose the pooled budget arrangements in their accounts a note to the accounts will be circulated within 21 working days of the end of the financial year.
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Payment of Financial Contributions. 8.8.1 The CCGs and the Council will pay their Financial Contributions to the Host Partner quarterly. Each quarterly payment will be paid within 28 days of receipt of an invoice for that payment 8.8.2 Each Partner will account for their own Financial Contributions to the Pooled Budgets. . The Council’s Assistant Director of Finance will prepare and maintain a Memorandum Account in relation to the Pooled Budget, which will separately and clearly set out the purpose of the pooled fund, the identity of the Partners, the gross income and expenditure and the contributions from each Partner, the assets and liabilities of the Pooled Budget, (“Memorandum Account”). . The Memorandum Account will be submitted to the Partners within three months after the end of the financial year In order for Partners to disclose the pooled budget arrangements in their accounts a note to the accounts will be circulate within 21 working days of the end of the financial year.
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Payment of Financial Contributions. 1. Each borough will incur expenditure in relation to the shared arrangements and the cost will then be aggregated and contributions calculated as detailed in section A above. This will mean that there is likely to be a payment due to from one of the boroughs to the other. 2. A calculation of the payment will be made before the start of the financial year by the host borough and agreed. LB Bexley shall pay to the XX Xxxxxxx on 15 April and quarterly thereafter, payments of one quarter of the net financial contribution it has agreed to make in accordance with the methodology set out in this schedule. 3. At the year end, a reconciliation will be undertaken of the payments made and the actual expenditure incurred to determine any balancing payments required by either party.
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Payment of Financial Contributions. 23.1 For the Initial Scheme the Host Partner will invoice the other Partner on a monthly basis for 1/12 of the budgeted annual contribution. The invoice will be raised on the first day of the month for that month and will be due for payment within 21 days. (This will ensure that cash is received before the pay date to staff.) 23.2 Prior to the transfer of staff from the Council to the Trust the monthly invoice amount will be reduced as specified in [?] of the Initial Scheme Schedule.
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Related to Payment of Financial Contributions

  • 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.

  • 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.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

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

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Capital Contributions and Accounts 12 4.1 Capital Contributions..........................................................................12 4.2 Additional Capital Contributions and Issuances of Additional Partnership Interests.............12 4.3

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • 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.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

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