Revenue from Assets Sample Clauses

Revenue from Assets. If any Asset is used in such a way that over the course of a year revenues are generated from the Asset that exceed its operating expenses, the Recipient will notify the Province within 30 days of the end of the year where such profit was generated. The Province may require the Recipient to immediately pay to the Province a portion of the excess in the same proportion as the total cost of the Asset. This obligation will only apply during the Asset Disposal Period.
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Revenue from Assets. The Parties acknowledge that Canada’s contribution to a Project is meant to accrue to the public benefit. Ontario will notify Canada in writing within 90 business days of the end of a Fiscal Year if any Asset owned by a for-profit Ultimate Recipient as defined in paragraph ii. d) of section A.1 a) (Ultimate Recipients) is used in such a way that, in the Fiscal Year, revenues are generated from it that exceed its operating expenses. Canada may require the Ultimate Recipient to immediately pay to Canada, via Ontario, a portion of the excess in the same proportion as the total cost of the Asset. This obligation will only apply during the Asset Disposal Period.
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Revenue from Assets. The Parties acknowledge that Canada and Saskatchewan’s contribution to the Ultimate Recipient’s Project is meant to accrue to the public benefit. The Ultimate Recipient will notify Saskatchewan in writing within ninety (90) business days of the end of a Fiscal Year if any Asset owned by a for-profit Ultimate Recipient as defined in paragraph ii. d) of section A.1 a) (Ultimate Recipients) of the IBA, is used in such a way that in the Fiscal Year revenues are generated from it that exceed its operating expenses. Saskatchewan may require the Ultimate Recipient to immediately pay to Canada, via Saskatchewan, a portion of the excess in the same proportion as the total cost of the Asset to not exceed Canada and Saskatchewan’s contribution to the Project. This obligation will only apply during the Asset Disposal Period, and when it is determined by Saskatchewan that the Project no longer meets the requirement of public benefit.
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Revenue from Assets. The Parties acknowledge that their contributions to Projects are meant to accrue to the public benefit. Where Xxxxxx Xxxxxx Island becomes aware, of any asset to which Canada has contributed under this Agreement is used in such a way that, in the Fiscal Year, revenues are generated from it which exceed its operating expenses, it will notify Canada in writing within 90 days of the end of a Fiscal Year and Canada may require Xxxxxx Xxxxxx Island to pay to Canada immediately a portion of the excess, in the same proportion as Canada's contribution is to the total cost of the asset. This obligation will apply only to the first ten (10) complete Fiscal Years following the completion date of the Project. Xxxxxx Xxxxxx Island will require through the Contribution Agreement that the recipient pay Xxxxxx Xxxxxx Island a portion of the excess, in the same proportion as Canada’s and Xxxxxx Xxxxxx Island’s contribution is to the total cost of the asset.
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Related to Revenue from Assets

  • Income from Debt-Claims 1. Income from debt-claims arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State.

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • WORKING FROM HOME 22.1 Subject to this clause, the employer may consider the introduction of working from home arrangements. The introduction of working from home arrangements does not provide for the employees primary place of work to be moved from the employee’s headquarters/work base to the employee’s home.

  • Fixed Assets 11 2.11 Change in Financial Condition and Assets................................................... 11 2.12

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value of the Property In the event of a total taking, destruction, or loss in value of the Property, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property (each, a “Partial Devaluation”) where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured immediately before the Partial Devaluation, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to Borrower. In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing.

  • DISPOSITION OF EQUIPMENT The Grantee shall provide to the State, not less than 30 calendar days prior to submission of the final invoice, an itemized inventory of equipment purchased with funds provided by the State. The inventory shall include all items with a current estimated fair market value of more than $5,000.00 per item. Within 60 calendar days of receipt of such inventory the State shall provide the Grantee with a list of the items on the inventory that the State will take title to. All other items shall become the property of the Grantee. The State shall arrange for delivery from the Grantee of items that it takes title to. Cost of transportation, if any, shall be borne by the State.

  • Revenues 1. Earnings generated during the project implementation through the sales of products and merchandise, participation fees or any other provisions of services against payment must be deducted from the amount of costs incurred by the project in line with Art 61 of Regulation 1303/2013 and stipulations in the programme implementation manual.

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