Funding Mechanism definition

Funding Mechanism shall have the meaning set forth in Section 7.6.1.
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Funding Mechanism has the meaning set forth in Section 16.4.5;
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Funding Mechanism means [the relevant documentation]28 which makes provision for HMG to make payments to the ICC Contract Counterparty for the purpose of ensuring that the ICC Contract Counterparty is in sufficient funds to meet its liabilities in full pursuant to CCUS Programme ICC Contracts;
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Examples of Funding Mechanism in a sentence

  • Travel expenses must be in compliance with State of Vermont Administrative Bulletin 3.4. For the Flexible Funding Mechanism, approval will include performance-based deliverables and payment methods.

  • This factor will be used to determine each local area’s share of infrastructure funds made available through the State Infrastructure Funding Mechanism.

  • Under a State Funding Mechanism, partner program’s maximum contribution to infrastructure costs is limited to a specific percentage of the total Federal funding which that program receives for the affected program year.

  • Notwithstanding the foregoing, Developer retains all its rights to oppose the formation or proposed assessment of any new assessment district, Funding Mechanism, or any and all increases thereto, or to request or pursue assessment credits or reductions, unless otherwise provided for herein or unless such assessment, Funding Mechanism or related increases are in place and legally effective as of the date of this Agreement’s Effective Date.

  • The Grantee will invoice the State monthly for the actual expenses incurred for approved training, consultation, and travel and for those items approved in writing by the Blueprint under the Flexible Funding Mechanism, not to exceed $10,000 during the grant time period.

  • In re Establishment of a Funding Mechanism for Interstate Operator Servs.

  • Therefore, a DNO cannot recover any expenditure that is incurred more than three years after Registration from the First Tier Funding Mechanism.

  • We have set tight criteria for the First Tier Funding Mechanism so that DNOs can self certify compliance in most circumstances.

  • Scope of Activities Funded through the ERO Funding Mechanism WECC shall include in its annual budget submission to NERC amounts for costs it will incur in performing its delegated functions and related activities as described in Sections 5, 6 and 7 of the Agreement.

  • If partners are not able to resolve issues related to infrastructure funding during the MOU duration period when consensus cannot be reached, partner contribution defaults to the State Funding Mechanism limits.


More Definitions of Funding Mechanism

Funding Mechanism. , in relation to an ISPV, means a financial instrument by which the ISPV obtains assets to fund its obligations under a contract of insurance of the ISPV;
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Funding Mechanism means [the relevant documentation]21 which makes provision for HMG to make payments to the GGR Counterparty for the purpose of ensuring that the GGR Counterparty is in sufficient funds to meet its liabilities in full pursuant to the GGR Agreement.
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Funding Mechanism. This block is for PFSCM’s purposes only and is used to distinguish between contract vehicles. This makes reference to the type of funding being used for a Price Quote, e.g., PPM, self-funded, etc. Grant number: This is the number of the Global Fund Grant being used by Principal Recipients for the procurement of the products as indicated in the Purchase Order into xxxxx.xxx. Import duties and tax: Estimated costs of any import duties and/or taxes that may apply for the importation of products. LI# Line item number: The serial number of the products lines. Mode of Shipment: This block designates whether shipment is planned via road, air, or sea. A change in the mode of shipment will impact the delivery date and the cost of freight. In order to optimize freight costs, PFSCM may shift deliveries initially planned via air to sea/road, where quality, remaining shelf life and timely delivery remain complied with. Note: RSM shipments have air as a default Mode of Shipment. MyOrders: PFSCM online portal for PRs to track and trace orders and confirm deliveries. Number (#) of amendments post approval: The number of modifications to the Price Quote after its original approval. Order type: PFSCM specific field that states whether the order is planned, urgent or an order to be managed under the Rapid Supply Mechanism. PFSCM: Acronym standing for Partnership for Supply Chain Management. PFSCM is one of the Procurement service agent servicing the Pooled Procurement Mechanism (PPM) Price Quote (PQ): A price quote is a PFSCM offer in response to a Principal Recipient’s Purchase Requisition into xxxxx.xxx. It constitutes a legally binding offer by PFSCM to the PR to supply and deliver products. The PR signed the Price Quote confirming acceptance and the Price Quote becomes the Purchase Order which is the legally binding contract between the PR and PFSCM. Price Quote expiry date: Date until when the Price Quote is valid.
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Funding Mechanism means [the relevant documentation]53 which makes provision for HMG to make payments to the ICC Contract Counterparty for the purpose of ensuring that the ICC _ 53 Note to Reader: BEIS is considering what documentation will be put in place to confirm that HMG will provide funding to the ICC Contract Counterparty to enable the ICC Contract Counterparty to make payments pursuant to the CCUS Programme ICC Contracts.Contract Counterparty is in sufficient funds to meet its liabilities in full pursuant to CCUS Programme ICC Contracts;
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Funding Mechanism has the meaning assigned to that term in Section 7.12 of this Agreement.
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Related to Funding Mechanism

  • Alternative Payment Mechanism means, with respect to any securities or combination of securities (together in this definition, “such securities”), provisions in the related transaction documents requiring the Corporation to issue (or use commercially reasonable efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such securities and apply the proceeds to pay unpaid Distributions on such securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such securities and (y) the fifth anniversary of the commencement of such deferral period, and that

  • Residual market mechanism means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be offered to applicants who are unable to obtain insurance through ordinary methods.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Mandatory Prepayment Event means any of the following:

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Irish Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under this Agreement and is:

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • prepayment meter means a meter that can be programmed to allow the flow of pre-purchased amounts of energy in an electrical circuit;

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Applicable Credit Support Percentage As defined in Section 4.02(e).