The Share of a Permittee Sample Clauses

The Share of a Permittee. ‌ For the purpose of accounting for each of the Permittees, any amount expended from the Program Account(s) shall be deemed to be comprised of each Permittee’s respective proportionate share, except where a Permittee has requested that its Contribution is not to be used to fund a specified undertaking. Notwithstanding this accounting practice, each Permittee shall contribute the full amount of its specified share, and the Program Manager may expend money from the Program Accounts for all costs specified in the Implementation Report, Work Plan, and Budget. Funds in the Program Accounts must be disbursed only in accordance with the Implementation Report, Work Plan, and Budget. Contributions credited pursuant to section 8.6 of this Agreement shall be accounted as expended for undertakings that are in furtherance of measures required under the 2001 BO.
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Related to The Share of a Permittee

  • COMPLIANCE COMMITTEE (1) Within thirty (30) days of the date of this Agreement, the Board shall appoint a Compliance Committee of at least three (3) directors, of which no more than one (1) shall be an employee or controlling shareholder of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee and, in the event of a change of the membership, the name of any new member shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement.

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