Financial Functions Sample Clauses

The Financial Functions clause defines the specific financial operations, calculations, or responsibilities that are governed by the agreement. It typically outlines how payments are to be calculated, the timing and method of invoicing, and any applicable interest or penalties for late payments. For example, it may specify how currency conversions are handled or how adjustments are made for taxes or fees. The core purpose of this clause is to ensure transparency and consistency in financial dealings between the parties, reducing the risk of disputes over monetary matters.
Financial Functions. 5. Agree any financial matters related to the exercise of any of the functions set out in this schedule. 6. Monitoring of the budgets and expenditure of all authorities or bodies having power to issue a precept or levy on the Parties and effecting appropriate consultation with them and taking appropriate action.
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Financial Functions. 5. Agree any financial matters related to the exercise of any of the functions set out in this schedule.
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Financial Functions. Day-to-day management of the Facility by Manager shall include, without limitation, the financial functions set forth below: 1.2-1 Prepare an annual budget in accordance with Facility’s established budgeting policy and submit same to Facility for review and approval prior to the commencement of each fiscal year. The Budget will present income and expense projections on a monthly and an annual basis. There will be separate line items to cover anticipated capital expenditures. Manager will be charged with the operation of the Facility in accordance with this Budget. Manager will meet with Facility as necessary and appropriate or as requested by Facility to update Facility on the economic and operational status of the Facility. 1.2-2 Establish financial controls and monitor Facility expenses in comparison to budget; 1.2-3 Assist Facility personnel as necessary with the establishment and maintenance of accounting, billing and collection procedures, and records; 1.2-4 Assist Facility to prepare on a timely basis all cost and other reports required by Medicare, Medicaid, and other third party payors in connection with the operation of the Facility and review such reports and make recommendations to Facility personnel, where appropriate; 1.2-5 Assist Facility in billing and collecting, in the name of and for the account of Facility, all charges generated by Facility patients.
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Financial Functions. To manage and achieve business strategies that support growth and value creation. • To provide strategic advice to the Chief Executive Officer on all financial matters relating to ICT, policy and planning and transformational change in operations within and between departments and the organization wide (where required). • Lead the development. implementation, and ongoing operation of first class ICT systems to maximize the functionality, transparency of data and reporting requirements. • Define information requirements at the strategic, operational and managerial levels of the organization. • Maintain accurate data information systems including reporting systems and projects. • In consultation with the CEO and the Executive prepare and present long term ICT plans and procurement strategies, supported by a strong business acumen; regularly review plans to ensure that they meet current and future needs of Lyndoch.
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Financial Functions. Day-to-day management of the Facility by Manager shall include, without limitation, the financial functions set forth below: 1.2-1 Prepare an annual budget in accordance with Facility’s established budgeting policy and submit same to Facility for review and approval prior to the commencement of each fiscal year. The Budget will present income and expense projections on a monthly and an annual basis. There will be separate line items to cover anticipated capital expenditures. Manager will be charged with the operation of the Facility in accordance with this Budget. Manager will meet with Facility as necessary and appropriate or as requested by Facility to update Facility on the economic and operational status of the Facility, 1.2-2 Establish financial controls and monitor Facility expenses in comparison to budget; 1.
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Related to Financial Functions

  • MIXED FUNCTIONS An employee engaged for more than two hours during one day or shift on duties carrying a higher rate than his or her ordinary classification shall be paid the higher rate for such day or shift. If for two hours or less during one day or shift he or she shall be paid the higher rate for the time so worked.

  • MANAGEMENT FUNCTIONS B.1 The Association recognizes that the management of the Hospital and the direction of working forces are fixed exclusively in the Hospital and shall remain solely with the Hospital except as specifically limited by the provisions of this Agreement and, without restricting the generality of the foregoing, the Association acknowledges that it is the exclusive function of the Hospital to: (a) maintain order, discipline and efficiency; (b) hire, assign, retire, discharge, direct, promote, demote, classify, transfer, lay- off, recall, and suspend or otherwise discipline nurses, provided that a claim of discharge or discipline without just cause may be the subject of a grievance and dealt with as hereinafter provided; (c) determine, in the interest of efficient operation and high standards of service, job rating and classification, the hours of work, work assignments, methods of doing the work, and the working establishment for the service; (d) generally to manage the operation that the Hospital is engaged in and, without restricting the generality of the foregoing, to determine the number of personnel required, methods, procedures, and equipment in connection therewith; (e) make, enforce, and alter from time to time reasonable rules and regulations to be observed by the nurses which are not inconsistent with the provisions of this Agreement. B.2 These rights shall not be exercised in a manner inconsistent with the provisions of this Agreement.

  • Additional Functions Upon receipt of Proper Instructions, the Custodian shall take all such other actions as specified in such Proper Instructions and as shall be reasonable or necessary with respect to Repurchase Agreement transactions and the Securities and funds transferred and received pursuant to such transactions, including, without limitation, all such actions as shall be prescribed in the event of a default under a Repurchase Agreement.

  • Commercially Useful Function A prime consultant can credit expenditures to a DBE subconsultant toward DBE goals only if the DBE performs a Commercially Useful Function (CUF). A DBE performs a CUF when it is responsible for execution of the work of a contract and carries out its responsibilities by actually performing, managing, and supervising the work involved. To perform a commercially useful function, the DBE must also be responsible, with respect to materials and supplies on the contract, for negotiating price, determining quality and quantity, ordering the material, and installing (where applicable) and paying for the material itself that it uses on the project. To determine whether a DBE is performing a commercially useful function, the Department will evaluate the amount of work subcontracted, industry practices, whether the amount the firm is to be paid under the contract is commensurate with the work it is actually performing and the DBE credit claimed for its performance of the work, and other relevant factors. A DBE will not be considered to perform a commercially useful function if its role is limited to that of an extra participant in a transaction, contract, or project through which funds are passed in order to obtain the appearance of DBE participation. In determining whether a DBE is such an extra participant, the Department will examine similar transactions, particularly those in which DBEs do not participate. If a DBE does not perform or exercise responsibility for at least 30 percent of the total cost of its contract with its own work force, or if the DBE subcontracts a greater portion of the work of a contract than would be expected on the basis of normal industry practice for the type of work involved, the Department will presume that the DBE is not performing a commercially useful function. When a DBE is presumed not to be performing a commercially useful function as provided above, the DBE may present evidence to rebut this presumption. The Department will determine if the firm is performing a CUF given the type of work involved and normal industry practices. The Department will notify the consultant, in writing, if it determines that the consultant’s DBE subconsultant is not performing a CUF. The consultant will be notified within seven calendar days of the Department’s decision. Decisions on CUF may be appealed to the ADOT State Engineer. The appeal must be in writing and personally delivered or sent by certified mail, return receipt requested, to the State Engineer. The appeal must be received by the State Engineer no later than seven calendar days after the decision of ▇▇▇▇. ▇▇▇▇’s decision remains in place unless and until the State Engineer reverses or modifies BECO’s decision. ADOT State Engineer will promptly consider any appeals under this subsection and notify the consultant of ADOT’s State Engineer findings and decisions. Decisions on CUF matters are not administratively appealable to USDOT. The BECO may conduct project site visits on the contract to confirm that DBEs are performing a CUF. The consultant shall cooperate during the site visits and the BECO’s staff will make every effort not to disrupt work on the project.

  • CUSTOMER SERVICE FUNCTIONS The Servicer shall handle all Customer inquiries and other Customer service matters according to the same procedures it uses to service Customers with respect to its own charges.