Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant
Recurrent Expenditure clause 35;
Recurrent Expenditure means any money spent on the establishment, conduct, administration and maintenance of an Academy which does not fall within Capital Expenditure.
Examples of Recurrent Expenditure in a sentence
Earmarked Annual Grant (“EAG”) shall be paid by the Secretary of State to the Company in respect of either Recurrent Expenditure or Capital Expenditure for such specific purposes as may from time to time be agreed between the Secretary of State and the Company and as described in the relevant funding letter.
More Definitions of Recurrent Expenditure
Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").
Recurrent Expenditure clause 36; “Start-up Period” – clause 50; In this Agreement the following words and expressions shall have the following meanings:-
Recurrent Expenditure means normal overhead and administrative expenses and personnel cost including salaries, emoluments and other benefits of employees;
Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within Capital Expenditure. The Secretary of State shall pay separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”), Earmarked Annual Grant (“EAG”) and where appropriate Additional Funding under clause 56.
Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories
Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of Capital Expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG"). Capital Grant 36) "Capital Expenditure" means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;
Recurrent Expenditure means any expenditure on the establishment, conduct,