Financial Structure Clause Samples
Financial Structure. The parties agree to establish an Integrated Fund for the purposes of increasing the flexibility of funding sources. The Integrated Fund will be used to support services and operations of the Collaborative. The parties agree that the Integrated Fund shall be under the control of the Policy Committee and shall be administered by the Fiscal Agent consistent with the provisions of this Agreement, the requirements of federal and state laws, and the policies and procedures of the Fiscal Agent. The Fiscal Agent shall be authorized to make payments upon approval of the Policy Committee. The Contributions to the Integrated Fund are to be made at a rate loosely proportional to the area included in the watershed. Assuming all parties remain engaged, the proportional amounts are as follows: Tier 1: 66% (11% per entity listed) ▇▇▇▇▇▇ County ▇▇▇▇▇▇ Soil and Water Middle Fork Crow River Watershed North Fork Crow River Watershed ▇▇▇▇▇▇ County ▇▇▇▇▇▇ Soil and Water Tier 2: 24% (6% per entity listed) Kandiyohi County Kandiyohi Soil and Water ▇▇▇▇▇▇▇ County ▇▇▇▇▇▇▇ Soil and Water Tier 3: 10% (2.5% per entity listed) ▇▇▇▇▇▇ County ▇▇▇▇▇▇ Soil and Water ▇▇▇▇ County ▇▇▇▇ Soil and Water Party contributions per year, based upon the above tier structure, are as follows: 2020 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2021 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2022 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2023 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 The need for additional funds for the Integrated Fund will be evaluated by the Policy Committee following the first year of party contributions on a yearly basis. The recommendations of the Policy Committee regarding future contributions by the parties to the Integrated Fund shall be presented in a proposed resolution by each authorized representative to their respective governing board for consideration and approval for the following year or years. This procedure shall repeat as needed and recommended by the Policy Committee for future years.
Financial Structure. A. All monies from both state and local governmental units will be paid into the Fontana Regional Library as a public authority which will comply with the provisions of the N.C.G.S §159, the Local Government Budget and Fiscal Control Act.
B. Each county will provide facilities necessary for the Fontana Regional Library to carry out its mission. Provision of these facilities will include utilities, building and grounds maintenance, improvements or rent for those facilities.
C. Each county will pay the Fontana Regional Library an adequate amount of money necessary for the Fontana Regional Library to carry out its mission of providing the public of Jackson, Macon, and Swain counties with excellent service and convenient access to resources for their educational, informational, and recreational needs.. These funds will allow the Fontana Regional Library to pay for library materials and for operating expenses for libraries within that county. Funds from each county will also be used to contribute to joint operations.
D. All state funds will be used for salaries and benefits of employees serving the whole Fontana Regional Library region, for library materials; for telecommunications or telephone services and any other region-wide service.
E. The Finance Officer will account for all expenditures by source of funds.
Financial Structure. In accordance with that which is set forth in Section 9.6.3 of the Invitation, the Strategic Partner agrees to keep in its financial structure, for a period of 15 (fifteen) years from the date of signing of this Agreement, a debt level in which the total debt-to-equity ratio shall be less than or equal to 50% (fifty percent).
Financial Structure. Except as otherwise authorized in this Agreement, Vendor shall operate the Dining Services Program on a profit and loss basis, whereby Vendor shall collect all Sales Revenue and pay all Vendor Paid Allowable Expenses. In the event that Vendor Paid Allowable Expenses, as defined in Section 13.1.1, exceed Sales Revenue, Vendor shall be responsible for the loss. In the event that Sales Revenue exceeds Vendor Paid Allowable Expenses, Vendor shall retain the surplus. The costs incurred in connection with the Dining Services Program will be categorized as follows:
Financial Structure. Funding for five interns' salaries, the 40% Director of Training and 25% of the Administrative Coordinator's salary will be apportioned among the core and adjunct Saint Louis Psychology Internship Consortium facilities based on the number of interns they train during a training year. (For example, sites that train all five interns shall contribute 25% of the costs, sites that train three of the five interns would contribute 3/5 of 25% of the cost which is 15% of the total cost, sites that train one intern would contribute 1/5 of 25 % of the cost which is 5% of the total cost. For outpatient sites, the cost for the 2001- 2002 training year will be approximately $5600.00 subject to legislative approval.
Financial Structure. Parent and Purchaser hereby represent ------------------- that all outstanding Indebtedness of the Company existing at the Effective Time shall be repaid immediately after the Effective Time to the extent required by the terms thereof and that no less than $300 million of the total financing currently expected to be approximately $635 million (based on the assumption that total Indebtedness less cash ("Net Debt") at the time Shares are to be -------- purchased in the Offer is not greater than $240 million) to be incurred in connection with the Transactions (the "Financing") will consist of equity contributed to North American Refractories Company or loans from Parent, provided that such loans from Parent are subordinate to the claims of all creditors of the Surviving Corporation and no such loans will be payable or guaranteed by the Company and its subsidiaries.
Financial Structure. A. The Fiscal Agents in each sport will be the host school. The fiscal agent is responsible for all revenues and payments made by that sport as well as the following: gate receipts, equipment, game travel, payment of coaches, payment of officials, and any other expense.
B. Athletic directors will divide duties according to the sport their school is the host for:
▇. ▇▇▇▇▇▇ County Central will be the host school for the following sports: football, volleyball, girls’ and boys’ track and field, girls’ and boys’ golf
b. Midkota will be the host school for the following sports: girls and boys basketball
C. Coop Activity Account: all schools will submit initial seed money (amount determined by the coop governing board) to the Coop Activity Account to offset costs in general.
D. The cost of each sport will be split between the schools according to the following:
a. Financial Splits:
Financial Structure. In this phase, the Client’s fines and fees are set-up to distribute according to statute, and for the Client to test to verify that all fines and fees are distributing correctly. ● Statute Table ○ JTI will train Client personnel on statute management. ○ JTI will provide statute table spreadsheet to Client personnel. ○ Client will complete statute table spreadsheet. ○ JTI review statute table spreadsheet with Client, and Client will update as needed. ○ JTI will replace the baseline system statutes with the Client’s statutes. ○ Client will thereafter maintain its statute table. ● Financials ○ JTI will discuss fines and fees distribution configuration and the disposition widget with Client to obtain an understanding of the requirements. ○ Client will provide chart of accounts and written breakdown of assessments. ○ JTI will document the proposed configuration of financials and receive approval from the Client before configuration. ○ JTI will load statutes, chart of accounts, and distributions. ○ JTI will configure assessments and update statutes based on assessments. ○ Client will test all financial configuration and report back any issues where the configuration does not match the requirements within 15 workdays. If no issues are reported within 15 days, then the system configuration will be deemed to be accepted. ○ JIT will fix any issues and the Client will test again.
Financial Structure. Post University and partnering institution agree that there shall be no charges between the parties with respect to the services and responsibilities that each undertakes to provide under this articulation agreement. _________________ _ ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Provost ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Ph.D. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Ed.D President VicePresident of Academic Affairs
Financial Structure. 5.1 Upon the execution of this Agreement, UWA shall pay Blackbaud a transition fee equal to $[*].