Actual Expenditure definition

Actual Expenditure means the actual monetary amount expended on the project and cannot include in-kind contributions.

Actual Expenditure in relation to a Financial Year, means the Eligible Expenditure which the Participant and Members have spent on the Actual Activity in that Financial Year.

Actual Expenditure means such sum as a Purchaser spends with STV in respect of Airtime during the Term after deduction of VAT and any other sales tax or duty payable in respect of the purchase of Airtime;

Examples of Actual Expenditure in a sentence

• Policy Implications:Policy P040222 - Material Variances in Budget and Actual Expenditure, relates For the purposes of Local Government (Financial Management) Regulation 34 regarding levels of variances for financial reporting, Council adopted a variance of 10% or greater of the annual budget for each program area in the budget, as a level that requires an explanation or report, with a minimum dollar variance of $10,000.

• Policy Implications:Policy P040222 - Material Variances in Budget and Actual Expenditure, relates For the purposes of Local Government (Financial Management) Regulation 34 regarding levels of variances for financial reporting, Council adopt a variance of 10% or greater of the annual budget for each program area in the budget, as a level that requires an explanation or report, with a minimum dollar variance of $10,000.

• The Actual Expenditure Authority At-Risk as indicated in row 3 of Exhibit 24 will not vary based on carry forward or forfeited funds.

• Monthly Financial Statements on the Actual Expenditure and Variations from the Adopted Budget have been submitted to each Council meeting.

• The reimbursement amounts are calculated based on the following formula: Actual Expenditure minus (-) Total Revenue (Matching and Non-Matching Contributions and Project Income) equals (=) Total Reimbursement amount.

More Definitions of Actual Expenditure

Actual Expenditure has the meaning assigned to it in Article 3.9.

Actual Expenditure has the meaning set forth in Section 8.4.

Actual Expenditure means the aggregate amount of costs you actually incur on Eligible Activities during the Grant Period.

Actual Expenditure the actual expenditure incurred in relation to the Schedule 14 “Adverse Matters” any change in the Development Works or any

Actual Expenditure means the number of whole dollars in the amount of the

Actual Expenditure means expenditure incurred by the Lessee during a particular Phase of the Basic Exploration Stage, being: expenditure solely and directly attributable to the activities of the Minimum Work Programme for that particular Phase, as described in Article 3.2 and General and Administrative Costs as defined in 2.5(a) and/or 2.5(b) of Annex C allocated to such activities; and under the condition that the Minimum Work Programme of that Phase has been performed, all expenditure incurred (either before or after such performance) for Exploration Operations in the approved Annual Work Programmes and Budgets for that Phase and the General and Administrative Costs as defined in 2.5(a) and/or 2.5(b) of Annex C allocated to such Exploration Operations. The Lessee shall maintain accurate records and accounts of all Actual Expenditure and, with regard to the General and Administrative Costs (as defined in Section 2.5(a) and/or 2.5(b) of Annex C) shall maintain all documents, including invoices, records and time sheets. In order to verify that Actual Expenditure is comprised only of amounts that are required to perform the respective Exploration Operations of a particular Phase, the Lessor shall be entitled, subject to Article , to conduct an audit in accordance with Section 1.6 of Annex C. In respect of that area relinquished or surrendered under Article 6, the Lessee shall, in accordance with practices customary in the international petroleum industry, within six (6) Months from the date of termination of any Phase of the Exploration Stage, remove the installations used, plug and abandon all xxxxx and restore the environment to its original condition. TECHNICAL ADVISORY COMMITTEE

Actual Expenditure means the aggregate of all expenditure on the LDPE Project paid by or on behalf of the Company up to and including the Completion Date which has been properly charged in the books of the Company to the expenditure categories set out in Annex 1 to this Schedule as shown in a Project Financial Plan spreadsheet (to be in the same format as the Project Financial Plan spreadsheet as at 31 July 2006 at 4.3.41 of the Data Site) showing the value of work done as at the Completion Date (any such costs which involve recharges of internal costs of the Company or the Vendor’s Group being applied on a basis consistent with the recharging of such costs since commencement of the LDPE Project);