Examples of Fourth Year in a sentence
If this Agreement is terminated prior to the end of the Fourth Year, the Municipality will not be permitted to carry over any unused funding past the end of the Term unless otherwise agreed to by the parties, acting reasonably with the objective of ensuring that the costs committed by the Municipality for participating in the APM Site Selection Process are fully covered.
The Municipality will not be entitled to carry over such unused funding past the end of the Fourth Year without the agreement of NWMO and shall return any unused funds to NWMO if requested by NWMO within sixty (60) days of the end of the Fourth Year.
AND WHEREAS the parties now wish to further amend certain portions of the Agreement to attach and to incorporate the Fourth Year Work Plan and Budget.
NWMO will review the Budget and Work Plan for the Fourth Year and, upon receiving NWMO’s agreement, the parties will execute an amendment in accordance with Section 13 to replace the Budget and Work Plan in the Schedules.
If the total of the Quarterly Disbursements in the Third Year is less than the Annual Funding for the Third Year, the Municipality may request an increase in the Annual Funding for the Fourth Year which will be considered by the NWMO.