ALLOWANCE FOR Sample Clauses

The "Allowance For" clause establishes a predetermined budget or sum set aside within a contract to cover specific items, services, or contingencies that may not be fully defined at the time of agreement. In practice, this clause allows for certain costs—such as materials, fixtures, or unforeseen work—to be estimated and included as provisional amounts, with the actual expenditure to be reconciled once the final scope or price is known. Its core function is to provide flexibility and financial clarity for both parties, ensuring that the contract can proceed even when some details are not yet finalized, while also managing expectations and reducing disputes over additional costs.
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ALLOWANCE FOR. POST-GRADUATE DEGREES B.6.1. Post-graduate degree allowances will continue to be grandparented.
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ALLOWANCE FOR. In the application of this rule, an allowance will be made for deadheading Article
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ALLOWANCE FOR. An allowance for a Master’s Degree recognized by the Ministry of Education will be paid to a member of the teaching staff in addition to that teacher’s salary on the Salary Schedule”. This allowance will not be applicable if the degree is used to determine category placement on the Salary Schedule” in accordance with Article of this Agreement. Master’s Effective 1/08 Effective 1/09
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ALLOWANCE FOR. A teacher on staff w i l l be reimbursed an amount t o be determined by the for expenses incurred while i n attendance at an Institution taking professional course where such course is taken after teacher certification and after coming on staff and where such course w i l l be used by the teacher i n duties as a teacher. This expense reimbursement w i l l only be paid for courses that are recommended by the superintendent and approved by the b a r d prior t o enrollment i n the course. Teachers employed under contract on a part- time basis shall: be paid according to their qualifications as established i n Article 4.02; be paid on a rate based on the fraction of the time employed; effective January the service of a part- time teacher shall be accumulated in the proportion of actuel percentage of time employed i n each school year. Whenever part- time teacher's service equals the equivalent of one full year or more, that teacher shall be reclassified t o next higher step of the schedule, on or January next, whichever occurs ARTICLE I N CLASSIFICATION The onus is on the teacher to give notice t o the Division after earning credits which result i n
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ALLOWANCE FOR wearing lead protective clothing
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ALLOWANCE FOR. 24-hour shifts
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Related to ALLOWANCE FOR

  • Allowance (a) Landlord shall contribute to the costs and expenses of all costs for the planning, design, permitting, construction and construction management of the Tenant Improvements, in an amount not to exceed Allowance. If the final costs for Tenant’s Work exceed Allowance, those Excess Costs shall be paid by Tenant. Provided this Lease is in full force and effect and Tenant is not in default hereunder beyond any applicable notice and cure period, Landlord shall pay the Allowance to Tenant consistent with the terms and conditions of this Section. (b) The Allowance shall be payable to Tenant upon written requisition (“Draw Request”) in installments as the Tenant’s Work progresses, but in no event more frequently than on one (1) occasion during any thirty (30) day period. Landlord may withhold ten percent (10%) of the Allowance (on each Draw Request) until such time as Landlord has received the final Draw Request. The amount of each installment of the Allowance payable pursuant to any such Draw Request shall be an amount equal to the actual costs paid by Tenant for completed portions of the Tenant’s Work referenced in such Draw Request (as evidenced by the paid invoices delivered to Landlord in accordance with the next sentence), less the applicable retainage. Prior to the release of any such installment, Tenant shall deliver to Landlord such Draw Request which shall be accompanied by (i) paid invoices for the Tenant’s Work performed since the last disbursement subject to customary retentions; (ii) a certificate signed by the Architect or Tenant’s Representative certifying that the Tenant’s Work represented by the aforesaid invoices has been satisfactorily completed in accordance with the Drawings; and (iii) partial lien waivers by the general contractor and all Major Subcontractors for work covered by the prior disbursement. Upon Landlord’s receipt and approval of the Draw Request, Landlord shall disburse the Allowance less the allocable portion of the Construction Management Fee. Payment by Landlord shall be made within thirty (30) days, unless Landlord notifies Tenant, in writing, of its rejection (and the reasons therefor) of any or all of the Draw Request. To the extent Landlord does not so reject any portion of said Draw Request, Landlord shall timely pay such acceptable portion of the Draw Request. (c) Following the Substantial Completion Date (as defined below), Tenant shall submit to Landlord Tenant’s 42 final Draw Request which shall include (i) “as built” drawings showing all of Tenant’s Work, (ii) a detailed breakdown of Tenant’s final and total construction costs, together with receipted invoices showing payment thereof, (iii) a certified, written statement from the Architect that all of Tenant’s Work has been completed in accordance with the Drawings, (iv) supporting final lien waivers, and releases executed by the General Contractor, and the Major Subcontractors, and (v) a copy of a certificate of occupancy or temporary certificate of occupancy required with respect to the Premises, if applicable, together with all licenses, certificates, permits and other government authorizations necessary in connection with Tenant’s Work. Upon Landlord’s receipt and approval of the final Draw Request, Landlord shall disburse the Allowance less the Construction Management Fee. Payment of the final Draw Request by Landlord shall be made within thirty (30) days, unless Landlord notifies Tenant, in writing, of its rejection (and the reasons therefor) of any or all of the final Draw Request. To the extent Landlord does not so reject any portion of said Draw Request, Landlord shall timely pay such acceptable portion of the final Draw Request.

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Tool Allowance (a) A tool allowance as set in the relevant Wage Tables in Appendix A per week shall be paid for all purposes to:- (i) Electrical workers at Grade EW 5 and beyond; (ii) Electrical workers performing the duties of: (A) Television Antenna Installer/Erector; (B) Television/Radio/Electronic Equipment Servicemen; and (iii) Apprentices - Contained within the relevant Apprentice Wage Rates.

  • Allowance for Possible Loan Losses The allowance for possible loan or credit losses (the “Allowance”) shown on the consolidated balance sheets of each Subsidiary, as applicable, included in the most recent SEC Documents dated prior to the date of this Agreement was, as of the dates thereof, adequate (within the meaning of GAAP and applicable regulatory requirements or guidelines) to provide for all known, reasonably anticipated or probable losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of such Subsidiary and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by such Subsidiary as of the date thereof; provided, however, that there can be no assurance that future losses will not exceed the Allowance, or that additional provisions for loan losses will not be required in future periods, and provided, further, that it is understood that the Company’s determination of the Allowance is subject to review by the Company’s bank regulator, which can require the establishment of additional general or specific allowances.

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.