RE-APPROPRIATION Sample Clauses

RE-APPROPRIATION. The parties hereto understand and agree that any state funds not expended by the end of the declared BIENNIUM, including the ten percent (10%) retainage as described in SPECIAL TERMS AND CONDITIONS, Section 20: REIMBURSEMENT, will lapse on that date unless specifically re-appropriated in an enacted Capital Budget. THE BOARD will make all necessary efforts to seek re-appropriation of funds into the declared BIENNIUM. If funds are so re-appropriated, THE BOARD’S obligation under the terms of this Contract shall be contingent upon the terms of such re-appropriation.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
RE-APPROPRIATION. 9.1.1 In order to minimize the administrative burden associated with budget realignment requests, the Operator is allowed flexibility to re-appropriate budget items within at their yearly expenditure plans to match the changing circumstances of the project. In general, a formal realignment budget intimation to the Authority will occur with the condition that no re- appropriation is allowed for Management Fees, and Salary budget, whereas other budgetary re-appropriations may be allowed under the following terms. The proposed realignment budget shall be submitted by the Operator to the Independent Expert and the Independent Auditor warranting advice and endorsement. Proposed changes allowed via budget re- appropriations if applicable will then be informed to the Authority by the Independent Auditor. Notwithstanding the above the Authority reserves its full discretion to approve or disapprove the budgetary Re-appropriations proposed by the Independent Auditor on behalf of the Operator. The Budgetary realignment can be proposed by the Operator on yearly and quarterly basis subject to the condition that the Project Cost and yearly limit shall remain the same as submitted in the financial bid accepted by the Authority. 9.1.2 Anticipating the need for Re-appropriation in the yearly budget; the Operator should present the request to Authority for realignment at least before 2 quarters before the proposed changes are desired for. Furthermore, the Operator is advised to limit budgetary re-appropriations requests to the Authority. 9.1.3 Notwithstanding the above, if either party makes request for Additional Services, than the Budgetary Re- appropriations can be made directly from the anticipated saving or the un-utilized from the current fiscal year, by the Operator provided that such Re-appropriation has been authorized from the Authority 10.1 Upon the occurrence of an Emergency, the Authority reserves the right to suspend the performance of the Services by the Operator and to step-in and take control over the O&M and the performance of the Services on a temporary basis. The Authority may only exercise such right of suspension by issuing a prior written notice of at least 48 (Forty Eight) hours. The notice shall set out the following, to the extent possible in light of the circumstances of Emergency: (a) The nature of the Emergency and the reason for the step-in; (b) The date on which the Services are suspended; (c) The likely duration of the suspension; and (d) The...
Sample 1Sample 2
RE-APPROPRIATION. 9.1.1 In order to minimize the administrative burden associated with budget realignment requests, the Operator is allowed flexibility to re-appropriate budget items within the Bid Price to match the changing circumstances of the project. In general, a formal realignment budget intimation to the Authority will occur with the condition that no re- appropriation is allowed for Management Fees, and other fixed cost, whereas other budgetary re-appropriations may be allowed under the following terms: The proposed realignment budget shall be submitted by the Operator to the Independent Expert and the Independent Auditor warranting advice and endorsement. Proposed changes allowed via budget re- appropriations if applicable will then be informed to the Authority by the Independent Auditor. Notwithstanding the above, the Authority reserves its full discretion to approve or disapprove the budgetary Re-appropriations proposed by the Independent Auditor on behalf of the Operator. The Budgetary realignment can be proposed by the Operator on yearly and quarterly basis subject to the condition that the Bid Price limit shall remain the same as submitted in the financial bid accepted by the Authority. 9.1.2 Anticipating the need for Re-appropriation in the yearly budget; the Operator should submit the Realignment request to the Authority at least 2 quarter in advance. 9.1.3 The provision of Realignment shall also be applicable for the Additional Services referred in clause 7.10.
Sample 1

Related to RE-APPROPRIATION

  • Non-Appropriation If this Agreement extends into more than one fiscal year of the State (July 1 to June 30), and if appropriations are insufficient to support this Agreement, the State may cancel at the end of the fiscal year, or otherwise upon the expiration of existing appropriation authority. In the case that this Agreement is a Grant that is funded in whole or in part by Federal funds, and in the event Federal funds become unavailable or reduced, the State may suspend or cancel this Grant immediately, and the State shall have no obligation to pay Subrecipient from State revenues.

  • Appropriations Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by that Finance Party (or any trustee or agent on its behalf) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and no Guarantor shall be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s liability under this Clause 17.

  • Fiscal Appropriations This Contract is subject to and contingent upon available local, state, and/or federal funds and applicable budgetary appropriations being approved by the County of Orange Board of Supervisors for each fiscal year during the term of this Contract. If such appropriations are not approved, the Contract will be terminated, without penalty to the County.

  • Appropriation Funding under this Agreement is conditional upon an appropriation of moneys by the Legislature of Ontario to the MOHLTC and funding of the LHIN by the MOHLTC pursuant to LHSIA. If the LHIN does not receive its anticipated funding the LHIN will not be obligated to make the payments required by this Agreement.

  • Annual Appropriation Pursuant to section 287.0582, F.S., if the Contract binds the State of Florida or an agency for the purchase of services or tangible personal property for a period in excess of one fiscal year, the State of Florida’s performance and obligation to pay under the Contract is contingent upon an annual appropriation by the Legislature.

  • Annual Appropriations The State’s performance and obligation to pay under this contract are contingent upon an annual appropriation by the Legislature.

  • General Assembly Appropriation The Recipient hereby acknowledges and agrees that the financial assistance provided under this Agreement is entirely subject to, and contingent upon, the availability of funds appropriated by the General Assembly for the purposes set forth in this Agreement and in Chapter 164 of the Revised Code. The Recipient further acknowledges and agrees that none of the duties and obligations imposed by this Agreement on the Director shall be binding until the Recipient has complied with all applicable provisions of Chapter 164 of the Revised Code and Chapter 164-1 of the Administrative Code and until the Recipient has acquired and committed all funds necessary for the full payment of the Matching Funds applicable to the Project.

  • Authorization of appropriations For the acquisition of lands or interests in lands designated by section 410z of this title, as components of the Boston National Historical Park, there is authorized to be appropriated not to exceed $2,740,000. For development of the com- ponents designated as paragraphs 1 through 6 in section 410z of this title, there is authorized to be appropriated not more than $12,818,000. For the development of the component designated as paragraph 7 in section 410z of this title, there is authorized to be appropriated not more than $11,500,000. (Pub. L. 93–431, § 7, Oct. 1, 1974, 88 Stat. 1186.) SUBCHAPTER LVIII—VALLEY FORGE NATIONAL HISTORICAL PARK

  • Nonappropriation Agency’s obligation to pay any amounts and otherwise perform its duties under this Grant is conditioned upon Agency receiving funding, appropriations, limitations, allotments, or other expenditure authority sufficient to allow Agency, in the exercise of its reasonable administrative discretion, to meet its obligations under this Grant. Nothing in this Grant may be construed as permitting any violation of Article XI, Section 7 of the Oregon Constitution or any other law limiting the activities, liabilities or monetary obligations of Agency.

  • Right of appropriation (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority: (i) all billed but unpaid interest, fees and charges; (ii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in any previous statements of account; (iii) all unpaid balance transfer balances, cash advances, instalment plans, card transactions shown in the current statement of account; and (iv) all unpaid balance transfer balances, cash advances, instalment plans, card transactions not yet included in any statement of account. (b) For each category of unpaid balances referred to in each of sub- clauses 15.1(a)(ii), (iii) and (iv): (i) the balances with the highest applicable interest rate will be repaid in priority to the other balances within such category; and (ii) where the interest rate applicable to any unpaid balance transfer balances within such category is the same, payments received by us will reduce the balances transferred under the latest fund transfer program (after it has been reflected in your statement of account) first, notwithstanding that you may have unpaid balance transfer balances from earlier fund transfer programs.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!