Shared Cost Allocation Sample Clauses

Shared Cost Allocation. To defray the costs of support provided by Fiscal Sponsor to the Project as described in this Agreement, %% of all revenue received will be allocated to the Fiscal Sponsor’s general fund at the time the revenue is received (the Allocation Rate). Fiscal Sponsor may from time to time and with Project input, assess the Allocation Rate to ensure that there is a healthy mutual exchange of value between Fiscal Sponsor and the Project. Unless otherwise agreed, the budgets of all funding proposals submitted on behalf of the Project should, where possible, contain funds to cover the Allocation Rate established by Fiscal Sponsor. If certain funders refuse to allow for indirect rates, the Project will be responsible for covering this amount via unrestricted funds or through other means.
Sample 1Sample 2
AutoNDA by SimpleDocs
Shared Cost Allocation. To defray the costs of support provided by Fiscal Sponsor to the Project as described in this Agreement, %% of all revenue received will be allocated to the Fiscal Sponsor’s general fund at the time the revenue is received (the Allocation Rate). Fiscal Sponsor may from time to time and with Project input, assess the Allocation Rate to ensure that there is a healthy mutual exchange of value between Fiscal Sponsor and the Project. Unless otherwise agreed, the budgets of all funding proposals submitted on behalf of the Project should, where possible, contain funds to cover the Allocation Rate established by Fiscal Sponsor. If certain funders refuse to allow for indirect rates, the Project will be responsible for covering this amount via unrestricted funds or through other agreed upon means. Although most fiscal sponsors assess their fee when revenue comes in, some fiscal sponsors assess their fee as funds are expended. Others have different structures. There is no one size fits all approach and the structure chosen should support the dual goals of fairness and sustainability. Additional Costs - The Project will be responsible for paying the cost of fringe benefits (includes the cost of benefits and payroll taxes) for all Project Employees. Additionally, Project will be responsible for any expenses incurred by Fiscal Sponsor outside of the supports described in this Agreement. Examples include special insurance needed for activities not covered by Fiscal Sponsor’s general liability insurance, costs of legal support related to a Project need, and costs associated with special compliance or audits required by funders supporting the Project.
Sample 1
Shared Cost Allocation. Shared costs shall be allocated among the LEC, CT1 and/or CT2 in one or more of the following ways, pursuant to Agreement Schedule 4.00:
Sample 1

Related to Shared Cost Allocation

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • Shared Costs (i) If the Parties elect to establish two-way Local Interconnection Trunks for reciprocal exchange of traffic, the cost of the two-way Local Interconnection Entrance Facility and DTT shall be shared among the Parties. CenturyLink will xxxx XXXX for the entire DTT and Local Interconnection Entrance Facility provided by CenturyLink at the rates in Table 1. CLEC will bill CenturyLink for CenturyLink’s portion of the same DTT and Local Interconnection Entrance Facility at the same recurring rates in Table 1 charged by CenturyLink based on the portion defined in (ii) below.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2020-21, and as estimated costs for fiscal year 2022-23 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2022, for further allocation to federal grants and contracts performed by the respective county departments.

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

  • Risk Allocation The Product is Regulatorily Continuing.

  • Claims Allocation and Handling Agreement General Clauses 16 and 17 of the Claims Allocation and Handling Agreement provide that claims between parties to it are limited to specified amounts unless the parties expressly contract otherwise.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • Cost Allowability Nothing in this clause is to be interpreted to make allowable or reasonable any costs which would be unallowable or unreasonable in accordance with Part 31 of the Federal Acquisition Regulation (FAR), or OMB Circulars dealing with cost allowability for recipients of assistance agreements. Conversely, costs made specifically unallowable by the requirements in this clause will not be made allowable under any of the provisions of FAR Part 31 or the relevant OMB Circulars.

  • Shared roles The Parties will meet the requirements of Schedule E, Clause 26 of the IGA FFR, by ensuring that prior agreement is reached on the nature and content of any events, announcements, promotional material or publicity relating to activities under this Agreement, and that the roles of both Parties will be acknowledged and recognised appropriately.

  • BILLED COSTS Charges for the services cited in Section II will be billed or cost applied in accordance with the procedures established by the county, and recorded on the books of the cost center providing the service. Such charges will be based on the actual allowable costs, as defined by Uniform Guidance, incurred by the cost center responsible for providing the service. Any differences between the billed allowable costs and the actual allowable costs for a particular accounting period will be considered in a subsequent agreement.

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