PROGRAM FUNDING AND ALLOCATION Sample Clauses

PROGRAM FUNDING AND ALLOCATION. The amount of federal funds involved shall be the amount applied for by the Board of Chosen Freeholders pursuant to the recommendation of the Committee, subject to HUD modifications. Any federal funds received by letter of credit or otherwise shall be placed in the County Trust Fund established and maintained pursuant to the regulations promulgated by the Director of the New Jersey Department of Community Affairs’ Division of Local Government Services. This fund shall be in a separate bank account, subject to the control of the County, which shall be the designated recipient for the funds provided by the aforementioned federal Acts. Upon authorization by the County, and in compliance with State law and promulgated regulations, the County may expend funds from this Trust Fund by payment to a particular UGLG pursuant to specific contract. Neither the Committee, the County, nor any participating UGLG, may expend or commit funds except as may be authorized pursuant to this Agreement and in full compliance with State and federal laws and regulations. By executing the CDBG cooperation agreement, the included UGLG understands that it may receive a formula allocation under the HOME Program only through the urban county. Even if the urban county does not receive a HOME formula allocation, the participating unit of local government cannot form a HOME consortium with other local governments.
Sample 1
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PROGRAM FUNDING AND ALLOCATION. For Grandfather Component Repairs which the Authorized Maintenance Center is seeking approval, the Authorized Maintenance Center may be required to provide resources, at a mutually agreed level, for the purpose of Component Repair development and Qualification activities in order to control data disclosure as defined in the Policy Manual. Critical Repair qualification resources for Restricted, non-Restricted Candidate Parts, for which Allixxx xx seeking Repair Sources will be determined on an individual component basis. Resources may include any one or a combination of monetary funds, manpower, or capital. Participation as a Repair Source in any Critical Repair development program will be at the discretion of the Authorized Maintenance Center, and subject to approval by Allixxx.
Sample 1

Related to PROGRAM FUNDING AND ALLOCATION

  • Collections and Allocations (a) The Borrower or the Servicer on behalf of the Borrower shall promptly (but in no event later than two (2) Business Days after the receipt thereof) identify any Collections received by it as being on account of Interest Collections or Principal Collections and deposit all such Interest Collections or Principal Collections received directly by it into the Collection Account. The Servicer on behalf of the Borrower shall make such deposits or payments on the date indicated by wire transfer, in immediately available funds.

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Book Allocations The net income and net loss of the Company shall be allocated entirely to the Member.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Risk Allocation The Product is Regulatorily Continuing.

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