Provision of Funding Contributions Sample Clauses

Provision of Funding Contributions. 6.1 Subject to clauses 7 and 8 and the other terms of this Agreement, the Council will pay a Funding Instalment to the Recipient’s nominated bank account listed in Item 5 of the Reference Schedule, or otherwise notified by the Recipient to the Council, within 30 days of receipt of a valid Payment Claim for that Funding Instalment. 6.2 The Recipient acknowledges that: (a) subject to clause 6.1 and the Transaction Documents, the Recipient is responsible for payment of all costs and expenses associated with the Project; and (b) there is no obligation on the Council to provide any additional or future financial assistance in respect of the Project unless the Council, in its sole discretion, determines otherwise (having regard to clauses 6.3 and 6.4 of the Lease). 6.3 The Milestones may only be varied with the prior written approval of the Council, to which approval may be given subject to conditions, including a variation to the amount of the Funding.
Sample 1
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Provision of Funding Contributions. 5.1 Subject to the terms of this Agreement, the Department will pay a Funding Contribution to the Recipient in relation to each Deliverable up to the lesser of: (a) the Maximum Deliverable Funding Contribution for the Deliverable; and (b) 50% of the Project Costs expended by the Recipient for the Deliverable. 5.2 Subject to clauses 6, 7 and 8, the Department will pay the relevant Funding Contribution to the Recipient within 30 days of receipt of a valid Payment Claim. 5.3 The Recipient acknowledges that: (a) subject to clause 5.1, the Recipient is responsible for payment of all costs and expenses associated with the Project; and (b) there is no obligation on the Department to provide any additional or future financial assistance in respect of the Project unless the Department, in its sole discretion, determines otherwise. 5.4 The Project and the Deliverables may only be varied with the prior written approval of the Department, to which approval may be given subject to conditions, including a variation to the amount of the Funding.
Sample 1
Provision of Funding Contributions. ‌ 5.1 Subject to the terms of this Agreement, the Department will pay a Funding Contribution to the Recipient in relation to each Deliverable up to the lesser of:‌ (a) the Maximum Deliverable Funding Contribution for the Deliverable; and (b) 50% of the Actual Deliverable Eligible Project Cost expended by the Recipient for the Deliverable.
Sample 1
Provision of Funding Contributions. 4.1 Subject to the terms of this Agreement, the Department will pay the Funding Contribution to the Recipient in relation to each Eligible Activity, in the Instalment Amounts specified for each Eligible Activity. 4.2 Subject to clause 5, 6 and 7, the Department will pay the relevant Funding Contribution to the Recipient to its nominated bank account listed in the Reference Schedule within 30 days of receipt of a valid Payment Claim (or valid tax invoice in respect of a Eligible Activity Milestone that requires only the provision of a valid Tax Invoice). 4.3 The Recipient acknowledges that: (a) subject to clause 4.1, the Recipient is responsible for payment of all costs and expenses associated with the Project; and (b) there is no obligation on the Department to provide any additional or future financial assistance in respect of the Project unless the Department, in its sole discretion, determines otherwise. 4.4 The Project, the Eligible Activities and the Eligible Activity Milestones may only be varied with the prior written approval of the Department, to which approval may be given subject to conditions, including a variation to the amount of the Funding.
Sample 1

Related to Provision of Funding Contributions

  • Provision of Funding 3.1 In each Funding Year, Ontario Health shall advise the HSP of the amount of its Estimated Provincial Subsidy. The amount of the Estimated Provincial Subsidy shall be calculated on both a monthly basis and an annual basis and will be allocated among the Envelopes and other funding streams applicable to the HSP, including the CFS. nd 3.2 The Estimated Provincial Subsidy shall be provided to the HSP on a monthly basis in accordance with the monthly calculation described in 3.1 and otherwise in accordance with this Agreement. Payments will be made to the HSP on or about the twenty-second

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Other Contribution Provisions In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, unless otherwise determined by the General Partner in its sole and absolute discretion, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such partner in cash and such Partner had contributed the cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations of the Partnership.

  • Limitation on Payment of Funding Despite section 4.1, the Funder: (a) will not provide any funds to the HSP until this Agreement is fully executed; (b) may pro-rate the funds identified in Schedule A to the date on which this Agreement is signed, if that date is after April 1; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 10.4; (d) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the Funder’s satisfaction; and (e) upon Notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the Funder’s assessment of the information contained in the Reports.

  • Provision of Funds (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any case prior to the related Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 13.01 of the Servicing Agreement. (b) The agreement set forth in the preceding clause (a) shall be absolute, irrevocable and unconditional and shall not be affected by the transfer by GMAC or any other person of all or any part of its or their interest in Residential Funding, by any insolvency, bankruptcy, dissolution or other proceeding affecting Residential Funding or any other person, by any defense or right of counterclaim, set-off or recoupment that GMAC may have against Residential Funding or any other person or by any other fact or circumstance. Notwithstanding the foregoing, GMAC's obligations under clause (a) shall terminate upon the earlier of (x) substitution for this Limited Guaranty pursuant to Section 13.01(f) of the Servicing Agreement, or (y) the termination of the Trust Fund pursuant to the Servicing Agreement.

  • Monitoring of Contribution Limitations Information The Custodian shall not be responsible for monitoring the amount of contributions made to the designated beneficiary’s account or the income levels of any depositor or contributor for purposes of assuring compliance with applicable state or federal tax laws.

  • Reduction of Funding State must, by law, terminate this Contract if funds are not appropriated or otherwise made available to support State’s continuation of performance of this Contract in a subsequent fiscal period. (§ 18-4-313(4), MCA). If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this Contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, State shall terminate this Contract as required by law. State shall provide Contractor the date State’s termination shall take effect. State shall not be liable to Contractor for any payment that would have been payable had the Contract not been terminated under this provision. As stated above, State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date State’s termination takes effect. This is Contractor’s sole remedy. State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Duplication of Funding A. If Grantee receives any funding that is duplicative of funding received under this Grant Agreement/Contract that cannot be used for new or expanded eligible grant activities, Grantee will notify the assigned contract manager as soon as possible. System Agency may issue an amendment modifying budget and/or project activities to eliminate duplication. Additionally, Grantee understands that duplicative funding that cannot be re-programmed to support new or expanded grant-funded activities within the program’s scope may be de- obligated from this Grant Agreement/Contract and returned to System Agency.

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