Use of Surpluses Sample Clauses

Use of Surpluses. In the event of the distribution of surpluses from insurance contracts, such surpluses shall be used in the following order:
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Use of Surpluses. 53.1 If the Organisation out-performs the Delivery Plan in any Financial Year and if as a consequence the Council would benefit from any Surplus and the Council does not require the same to meet any obligations or commitments (whether to third parties or otherwise) then to the extent permitted by and subject to any conditions set out in the Delivery Plan the Organisation shall (having first consulted with the Area Board to the extent that the Organisation deems appropriate) use or apply such Surplus in accordance with clause 53.2 or clause 53.3 as appropriate, or otherwise with the written consent of the Council's Representative (such consent not to be unreasonably withheld or delayed).
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Use of Surpluses. 4.1 Any financial surpluses at the year end realised from the normal delivery of services within the Management Fee, will be returned to either the HRA or the general fund (depending on where the surpluses have arisen from) for discussion and subject to bids (where required) from SLHD and approval by the Council for investment in service development.
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Use of Surpluses. 9.1 If, as a result of SCH's successful operation of the Functions, the Council received more rent and/or other income from the Dwellings than was envisaged in the Delivery Plan, then the Monitoring Board shall agree how the surpluses should be applied.
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Use of Surpluses. Clause 54 If as a result of putting in place appropriate efficiencies, Salix outperforms its delivery plan and thus generates a surplus, Salix will (with the Council's agreement) be entitled to use these surpluses in performance of its objects. Any surplus that Salix may generate from its activities outside the Agreement with any third party will be for its own sole use. Interest on overdue payments - Clause 55 Any payments, payable by either party, which remain overdue for more than 21 days shall be subject to interest at a rate of 2% above the Co-operative Bank plc Base Rate. Employees – Clause 57 The employees that are to transfer to Salix will be listed in Part 1 of Schedule 4 of the Agreement. The Council confirms that it has taken reasonable steps to confirm that the list of employees is correct, but it does not give any warranty or guarantee on this point. The Council does not guarantee either that the employees listed will be ready to transfer on the date of commencement of the Agreement. The Council will be responsible for all transferring employees’ salaries, tax, holiday pay, National Insurance and payments to pension schemes up to date of transfer. Salix must employ all transferring employees on terms that are no less favourable in terms of pension and death in service benefits than those that the transferring employees enjoyed with the Council. The Council will indemnify Salix for costs, claims and liabilities arising from any failure by the Council to pay any sums due to the transferring employees up to the date of commencement of the Agreement. Salix will indemnify the Council against the cost of any: claims by transferring employees that their working conditions have changed substantially as a result of their having transferred; act or omission by Salix in relation to transferring employees which takes place after transfer; and Wrongful or unfair dismissal or redundancy claims relating to the transfer. Salix may not make significant amendments to staffing levels or structure without the Council’s prior consent. Existing contract hire and maintenance agreements for cars currently held by transferring employees will transfer to Salix. Monies owed to the Council by transferring employees for car loans will become payable to Salix from the commencement date. Salix will pay to the Council the total amount outstanding on all such car loans as soon as possible after the commencement date. Pensions – Clause 57.14 – 57.16 All employees of Salix Home...
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Related to Use of Surpluses

  • Use of sub-processors (a) The data importer has the data exporter’s general authorisation for the engagement of sub-processor(s) from an agreed list. The data importer shall specifically inform the data exporter in writing of any intended changes to that list through the addition or replacement of sub-processors at least thirty (30) days in advance, thereby giving the data exporter sufficient time to be able to object to such changes prior to the engagement of the sub-processor(s). The data importer shall provide the data exporter with the information necessary to enable the data exporter to exercise its right to object.

  • Use of Common Areas Tenant shall have the nonexclusive right (in common with other tenants and all others to whom Landlord has granted or may grant such rights) to use the Common Areas for the purposes intended, subject to such reasonable rules and regulations as Landlord may establish from time to time. Tenant shall abide by such rules and regulations and shall use its best effort to cause others who use the Common Areas with Tenant’s express or implied permission to abide by Landlord’s rules and regulations. At any time, Landlord may close any Common Areas to perform any acts in the Common Areas as, in Landlord’s judgment, are desirable to improve the Project. Tenant shall not interfere with the rights of Landlord, other tenants or any other person entitled to use the Common Areas.

  • Use of Sub-Contractors A framework of practical business provisions. Edit as you require. This ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ - ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Compaction of surfaces 5 Compaction of ground surface under floors etc including scarifying for a depth of 150mm, breaking down oversize material, adding suitable material where necessary and compacting to 95% Mod AASHTO density. m2 96

  • Use of Vehicles Use or authorize the Vehicles to be used in any manner (i) that would make such Vehicles that are Program Vehicles ineligible for repurchase or sale under the applicable Eligible Vehicle Disposition Program, (ii) for any illegal purposes or (iii) that could subject the Vehicles to confiscation.

  • Use of Proceeds The Company will use the net proceeds received by it from the sale of the Securities in the manner specified in the Prospectus under “Use of Proceeds.”

  • Use of Building With prior notice to the principal/director, Association members of that school may hold meetings in their school building before or after regular duty hours or after the student contact day. Assigned duties take priority over such meetings.

  • Use of Buildings In addition to use and control of the Church and Parish buildings for the discharge of duties of the Xxxxxx'x office, as provided by Canon law, the Xxxxxx shall have the right to grant use of the buildings to individuals or groups from outside the parish, following guidelines approved by the Xxxxxx, Wardens and Vestry.

  • Use of Cookies 5.1 We use cookies to ensure that our website works effectively and to support your trading activities. Cookies are small text files sent from our web server to your computer. Our cookies do not contain any personal data, account numbers, or passwords.

  • USE OF VEHICLE 4.1 The Vehicle may only be utilised for the Rental Period, as stated in the Rental Agreement, or any Extended Period agreed upon between the parties.

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