Payments to the National Fund Sample Clauses

Payments to the National Fund. A first payment11 of up to 20% of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency (IA Phare CBC) i.e. the Ministry of Regional Development and Public Works. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, and the manner in which the payment function between them will be carried out. Two further payments13 of up to 30% of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IA. The third payment may be requested when 35% of the total budget in force16 has been disbursed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, IA accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.
Sample 1See All (6)
AutoNDA by SimpleDocs
Payments to the National Fund. A first payment11 of up to 20 % of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency (IA Phare CBC),
Sample 1
Payments to the National Fund. A first payment12 of up to 20% of the funds to be managed locally13, will be sent to the NF following signature of the Financing Agreement and the Implementing Agreements between the NF and the Phare CBC Implementing Agency. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the Phare CBC Implementing Agency and the manner in which the payment function between them will be carried out. Two further payments14 of up to 30% of the funds to be managed locally15 will be made. The second payment will be triggered when 5 % of the total budget in force16 has been disbursed by the Phare CBC Implementing Agency. The third payment may be requested when 35% of the total budget in force17 has been disbursed. A final fourth payment will be made when 70 % of the total budget in force18 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, and the Phare CBC Implementing Agency accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.
Sample 1
Payments to the National Fund. A first payment11 of up to 20 % of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agencies (IAs)/Central Finance and Contracts Unit (CFCU). Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA/CFCU and the manner in which the payment function between them will be carried out. Two further payments13 of up to 30 % of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IAs and the CFCU. The third payment may be requested when 35 % of the total budget in force16 has been disbursed. A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, CFCU and IAs accounts exceeds 15 % of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.
Sample 1

Related to Payments to the National Fund

  • Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

  • Fiscal Funding Notwithstanding any other provision of this agreement, the parties hereto agree that the charges hereunder are payable to the Contractor by the District solely from appropriations received by District. In the event such appropriations are determined by the Chief Financial Officer/Comptroller of the District to no longer exist or to be insufficient with respect to the charges payable hereunder, this Agreement shall immediately terminate without further obligation to the District upon notice that such appropriations no longer exist and are insufficient. If this Agreement is so terminated, then the District shall only pay Contractor for goods and/or services provided by Contractor and accepted by the District up to, through, and including the date of termination. Following the termination of this Agreement under this Section, the parties’ duties to one another shall cease except for those obligations that shall survive the termination of this Agreement, including, but not limited to, the District’s payment obligations for goods and/or services accepted by the District before the date of termination, and the Contractor’s duties to insure and/or indemnify the District and to cooperate with any audit. Termination of this Agreement pursuant to this Section shall not limit either of the parties’ remedies for any breach of this Agreement.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

Time is Money Join Law Insider Premium to draft better contracts faster.