Background and Principles Sample Clauses

Background and Principles. 1.1. The Parties are the statutory waste collection authorities for the City of Cambridge and South Cambridgeshire respectively. 1.2. In October 2014 both parties “agreed to the creation of a single shared waste service (the Service), wholly owned and run by the local authorities, with a single management structure and workforce, located at the W resolved in Depot using a single pool of vehicles for Cambridge City and South Cambridgeshire District Council’s. 1.3. The purpose of this Memorandum is to record the in principle agreement of the Parties to the creation of that Single Shared Waste Service 1.4. The key objectives of the parties are as follows: 1.4.1. lower operational costs, particularly in the areas of premises, management, administration, fleet and equipment costs; 1.4.2. maintaining and improving service quality that residents can see and appreciate; 1.4.3. increased opportunities to market and compete for additional business, for instance in relation to trade waste; 1.4.4. new opportunities to reduce net costs in relation to fleet procurement and maintenance; 1.4.5. achievement of service improvements, greater resilience and better performance, through shared knowledge and experience; and 1.4.6. enhanced opportunities to work with other Cambridgeshire local authorities via the RECAP Waste Partnership to reduce waste collection and disposal costs, improve income and secure service improvements. 1.5. The Principles of collaboration are as follows: 1.5.1. A ‘Whole System’ approach will be adopted to minimise costs to the public purse and avoid ‘cost shunting’ to any other public body. 1.5.2. Neither party will knowingly do anything to the detriment of the other party 1.5.3. Both parties commit to: • Building and maintaining trust and good relationships • Willingness to collaborate, co-operate and compromise • Transparency and openness • Strong leadership and clear governance • Good communication and continuous dialogue • Sharing best practice and information • Seeking out improvements and further efficiencies for residents and the Service and where possible securing these for the future • Equality of approach, recognising and respecting differences and acting in good faith • Fair and where appropriate equal contributions of resources to the creation of the Service to the benefit and mutual advantage of each Party 1.6. In this Memorandum any reference to the Service shall include: 1.6.1. Domestic refuse operations, policy and management activities...
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Background and Principles. 1. The purpose of this Agreement is to provide a framework within which the Partners will enable transfers of funding pursuant to Section 256 of the NHS Act 2006 and in line with the National Health Service (Conditions relating to payments by NHS Bodies to Local Authorities) Directions 2013, to enable those funds transferred to be invested by social care for the benefit of health and to improve overall health gain.
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Background and Principles. 1. The purpose of this Memorandum of Agreement is to provide a framework within which the Parties will enable transfers of funding pursuant to Section 256 of the ▇▇▇ ▇▇▇ ▇▇▇▇ and in line with the National Health Service (Conditions relating to payments by NHS Bodies to Local Authorities) Directions 2013, to enable those funds transferred to be invested by social care for the benefit of health and to improve overall health gain. 2. For 2014/15 the funding transfer to West Berkshire Council by the NHS consists of two allocations. The main component is £1. 878m plus an additional grant for preparing for the Better Care Fund of £417k amounting to a total of £2,295,781. 3. NHS England Thames Valley, on the recommendation of West Berkshire clinical commissioning group and the West Berkshire Health and Wellbeing Board (“through approval of s256 paper at its meeting on 24th July 2014 and is satisfied that: • the transfer of this funding is consistent with their Strategic Plan that it is likely to secure a more effective use of public funds than if the funds were used for solely NHS purposes, in line with the conditions relating to Section 256 payments the Act. • The transfer of these funds has had regard to the Joint Strategic Needs Assessment, the draft Health and Wellbeing Strategy and the commissioning plans of both the Clinical Commissioning Group and Local Authority. • The funding transfer will make a positive difference to social care services, and outcomes for users, compared to service plans in the absence of a funding transfer
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Background and Principles. The purpose of this Agreement is to provide a framework within which the Parties will enable transfers of revenue funding pursuant to Section 256 of the 2006 NHS Act
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Related to Background and Principles

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

  • Accounting Terms and Principles (a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto (including for purpose of measuring compliance with Article V (Financial Covenant)) shall, unless expressly otherwise provided herein, be made in conformity with GAAP. (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement, and either the Borrower or the Administrative Agent shall so request, the Administrative Agent and the Borrower shall negotiate in good faith to amend such ratio or requirement so as to equitably reflect such change in GAAP with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such change in GAAP as if such change in GAAP had not been made (subject to the approval of the Requisite Lenders); provided, however, that, (i) until so amended, (A) such ratio or requirement shall continue to be computed in accordance with GAAP, as applicable, prior to such change therein and (B) the Borrower shall provide to the Administrative Agent and the Lenders a written reconciliation, in form and substance reasonably satisfactory to the Administrative Agent, between calculations of such ratio or requirement made before and after giving effect to such change in GAAP and (ii) for the avoidance of doubt, (A) the amount of any Capital Lease Obligation shall at all times be calculated in accordance with the definition of that term, and (B) notwithstanding any changes in GAAP after the Closing Date, any lease of the Borrower or the Subsidiaries that would be characterized as an operating lease under GAAP in effect on the Closing Date (whether such lease is entered into before or after the Closing Date) shall not constitute Indebtedness or a Capital Lease Obligation under this Agreement or any other Loan Document as a result of such changes in GAAP. (c) For purposes of making all financial calculations to determine compliance with Article V (Financial Covenant) and any other financial ratio hereunder, all components of such calculations shall be adjusted to include or exclude, as the case may be, without duplication, such components of such calculations attributable to any business or assets that have been acquired by the Borrower or any of its Subsidiaries (including through Permitted Acquisitions) after the first day of the applicable period of determination and prior to the end of such period, as determined in good faith by the Borrower on a Pro Forma Basis. For the avoidance of doubt, when determining Pro Forma Compliance with Article V (Financial Covenant) for purposes of any ratio test set forth in the definition of “Permitted Acquisition” or Article VIII (Negative Covenants), the test set forth in Article V (Financial Covenant) shall apply regardless of whether any Revolving Credit Commitment remains outstanding on the relevant test date.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.