THE POOLED FUND Sample Clauses

THE POOLED FUND. 9.1 The Pooled Fund shall be the total value of the respective Financial Contributions of each of the Partners for the Financial Year for the Services. 9.2 The indicative budget assumptions of each Partner for their Financial Contribution to the Pooled Fund is set out in Schedule 2. 9.3 The Partners shall provide to the Executive Directors the confirmed initial budget for their Financial Contributions for the Financial Year by 31 May 2018 or such later date as agreed by all the Partners, including the Standard Rate which applies to the confirmed initial budget for their Financial Contribution. The Partners shall confirm these figures in accordance with their own financial standing orders and constitution prior to providing the confirmed initial budget to the Executive Directors. 9.4 Each of the Partners shall notify the Executive Directors of any budget adjustments following each Quarter. The budget adjustments will be compared to the confirmed initial budget as confirmed in accordance with clause 9.3, and subsequently on any updated budget for the duration of this Agreement. The Partners will aim to give such notification to each of the Executive Directors within 20 days of the end of the relevant Quarter. However, each Partner is required to comply with their respective financial standing orders and internal governance arrangements with regards to authorisation of budgets adjustments and until such arrangements have been complied with only indicative adjustments may be provided within the timescale set out in this clause. Once each Partners has complied with their financial standing orders and internal governance arrangements the Financial Contributions shall be updated to include confirmed budget adjustments. 9.5 For the duration of this Agreement, each Partner shall retain their respective Financial Contributions for the purposes of performing their Care Home Accommodation Functions and shall retain statutory responsibility for those functions. 9.6 Each Partner shall be responsible for managing any overspend or underspend in respect of their Financial Contribution in accordance with their respective Standing Orders.
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THE POOLED FUND. 14.1 The Frailty Lead Commissioner shall be responsible for the commissioning of the Frailty Services in accordance with this Agreement and, with effect from the Commencement Date, shall establish and host the Pooled Fund for the purposes of Regulations 7(4) and (6) of the Regulations. 14.2 The Chief Executive of the Frailty Lead Commissioner shall have overall responsibility for ensuring that the Frailty Lead Commissioner properly fulfils its obligations under this Agreement in respect of the Pooled Fund and the commissioning and procurement of Frailty Services within each Locality. 14.3 Without prejudice to Clause 14.2, the Chief Executive of the Frailty Lead Commissioner shall ensure proper arrangements are in place for: 14.3.1 the commissioning and procurement of the Frailty Services (including the exercise of the Functions); and 14.3.2 the management of the Pooled Fund. 14.4 [The Frailty Lead Commissioner shall hold all monies NEED TO CLARIFY ALL DOES IT INCLUDE STAFF COSTS SEE ▇▇▇▇▇’S COMMENTS in the Pooled Fund on behalf of itself and the other Partners. The Frailty Lead Commissioner shall provide the financial administrative systems for the Pooled Fund and shall provide financial and management accountancy support to the Lead Commissioning Team.]12 14.5 The monies held in the Pooled Fund may only be used for expenditure on Frailty as identified in this Agreement, and may not be transferred out of the Pooled Fund for 11 Drafting to be confirmed. 12 For discussion at meeting. expenditure on other services. The Partners may only depart from this strategy by express written agreement. 14.6 Provided that such expenditure otherwise complies with this Agreement, the monies in the Pooled Fund may be expended on Council Functions and Health Board Functions in different proportions to that in which each Partner shall have contributed to the Pooled Fund. 14.7 The Frailty Lead Commissioner shall appoint the individual within the Lead Commissioning Team as the Pooled Fund Manager, and he/she will be authorised to delegate any duties and responsibilities as he/she deems appropriate. 14.8 On behalf of the Frailty Lead Commissioner, the Pooled Fund Manager shall have the following duties and responsibilities: 14.8.1 managing the Pooled Fund and organise the preparation of Financial Year end memorandum accounts ready for external audit; 14.8.2 without prejudice to Clause 21 ensuring that expenditure from the Pooled Fund does not exceed the financial resources avail...
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THE POOLED FUND. There will be a Pooled Fund made up of contributions from the Partners and in respect of which LCC shall act as Host Partner for the purposes of Regulation 7(4) of the Regulations and who shall appoint a Pool Manager for the purposes of that Regulation. The amounts to be contributed by the Partners are as follows: LCC - £111,772 per annum at outturn prices 2009/10 to be adjusted annually with effect from 1 April each year in accordance with the financial governance protocol agreed between the Partners (Appendix A). NLTPCT - £66,190 per annum at outturn prices 2009/10 to be adjusted annually with effect from 1 April each year in accordance with Appendix A. CLPCT - £87,150 per annum at outturn prices 2009/10 to be adjusted annually with effect from 1 April each year in accordance with Appendix A. ELTPCT - £80,500 per annum at outturn prices 2009/10 to be adjusted annually with effect from 1 April each year in accordance with Appendix A.
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THE POOLED FUND. 13.1 The Partners acknowledge that they are entering into a Pooled Fund arrangement pursuant to section 75(2)(a) of the Act and Regulation 7 of the Partnership Regulations. 13.2 The HLDP Integrated Service Pooled Fund shall apply from the Commencement Date. 13.3 Subject to compliance with any applicable legal requirements, the Partners may agree in writing to establish further Pooled Funds or to vary the HLDP Integrated Services. 13.4 The Partners may agree to introduce Pooled Funds during a Financial Year. 13.5 The Partners will invoice the other for their contribution Quarterly to the respective address in accordance with this Agreement.
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THE POOLED FUND. There will be a budget time table set for the pooled fund (See Schedule 5 number 16). There will be one LD Pooled Fund. In the year when this Agreement is made the Partners will each make a contribution to the fund of an amount agreed between them. In subsequent years they will each make a contribution as herein after provided
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THE POOLED FUND. 16.1 The Parties agree as follows: 16.1.1 Responsibility for accounting, audit and the financial reporting of the overall Pooled Fund will be the Finance Lead(s) nominated by each party. 16.1.2 The Finance Lead(s) will create a clear identifiable accounting structure within their financial systems to enable effective monitoring and reporting of the Pooled Fund and the budgets of the Individual Pooled Services. 16.1.3 The Finance Lead(s) will be responsible for maintaining an overall accounting structure for the Pooled Fund to be deployed by the Alliance Director. 16.1.4 The Parties will determine delegation of financial responsibility to the Alliance Director who will work through the HARAB to deliver the services set out in Schedule Two of the Agreement on behalf of the Parties and the HARAB. 16.1.5 The Standing Orders and Standing Financial Instructions of the organisation by which the Alliance Director is employed shall apply to the management of each Individual Pooled Service Budget through the HARAB under this Agreement. 16.1.6 The Parties will, through the auspices of the Finance Lead(s) provide the Alliance Director and the Individual Pooled Service Budget Managers with the necessary financial advice and support to enable the effective and efficient management of the Pooled Fund and any Individual Pooled Service Budget. 16.1.7 The Alliance Director will provide information as is deemed necessary by the Parties to this Agreement to enable effective performance management of the Services provided under this Agreement. As a minimum, this information will include budget monitoring, service performance and workforce analysis in accordance with Clauses 8.3.9 and 15.3.
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Related to THE POOLED FUND

  • FEMA Fund Certifications Submission of this proposal is Vendor’s certification that Vendor agrees to this term. Vendor certifies that IF and when Vendor accepts a TIPS purchase paid for in full or part with FEMA funds, Vendor certifies that: (1) Vendor agrees to provide the TIPS Member, the FEMA Administrator, the Comptroller General of the United States, or any of their authorized representatives access to and rights to reproduce any books, documents, papers, and records of the Contractor which are directly pertinent to this contract for the purposes of making audits, examinations, excerpts, and transcriptions. The Vendor agrees to provide the FEMA Administrator or an authorized representatives access to construction or other work sites pertaining to the work being completed under the contract. Vendor acknowledges and agrees that no language in this contract or the contract with the TIPS Member is intended to prohibit audits or internal reviews by the FEMA Administrator or the Comptroller General of the United States.

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Loans from the General Partner; Loans or Contributions from the Partnership or Group Members (a) The General Partner or any of its Affiliates may lend to any Group Member, and any Group Member may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm’s-length basis (without reference to the lending party’s financial abilities or guarantees), all as determined by the General Partner. The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term “Group Member” shall include any Affiliate of a Group Member that is controlled by the Group Member. (b) The Partnership may lend or contribute to any Group Member, and any Group Member may borrow from the Partnership, funds on terms and conditions determined by the General Partner. No Group Member may lend funds to the General Partner or any of its Affiliates (other than another Group Member). (c) No borrowing by any Group Member or the approval thereof by the General Partner shall be deemed to constitute a breach of any duty, expressed or implied, of the General Partner or its Affiliates to the Partnership or the Limited Partners by reason of the fact that the purpose or effect of such borrowing is directly or indirectly to (i) enable distributions to the General Partner or its Affiliates (including in their capacities as Limited Partners) to exceed the General Partner’s Percentage Interest of the total amount distributed to all partners or (ii) hasten the expiration of the Subordination Period or the conversion of any Subordinated Units into Common Units.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.