Funding Principles Sample Clauses

Funding Principles. In establishing the funding of the Company, the Operating Committee shall seek: (a) to create transparent, predictable revenue streams for the Company that are aligned with the anticipated costs to build, operate and administer the CAT and the other costs of the Company; (b) to establish an allocation of the Company’s related costs among Participants and Industry Members that is consistent with the Exchange Act, taking into account the timeline for implementation of the CAT and distinctions in the securities trading operations of Participants and Industry Members and their relative impact upon Company resources and operations; (c) to establish a tiered fee structure in which the fees charged to: (i) CAT Reporters that are Execution Venues, including ATSs, are based upon the level of market share;

Funding Principles. A Beneficiary that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its units/actual duly justified eligible costs only. A Beneficiary that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

Funding Principles. A Party which spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. The Grant Agreement explicitly gives a consortium the possibility to shift tasks and/or money between Parties. This is one reason for having a Consortium Plan that can be different from the actual Annex 1. [see also Section 7.1.1. and Section 1.2 for elucidation] This section makes sure that Parties will not be able to spend more than is permitted by the budget in the Consortium Plan. In case a Party spends more money, it may ask for a supplement. Such request shall be addressed to the General Assembly (see Section 6.3.1.2 [GOV LP] / 6.3.6 [GOV SP]). In cases the Consortium Plan is not deviating from Annex 1 this provision falls back to the standard provisions in the Grant Agreement, with the same effect. A Party may receive an additional contribution if at the end of the project the total eligible costs claimed allow a reallocation of unspent EU contribution among the consortium – to be decided in the General Assembly.

Funding Principles. In establishing the funding of the Company, the Operating Committee shall seek:‌ (a) to create transparent, predictable revenue streams for the Company that are aligned with the anticipated costs to build, operate and administer the CAT and the other costs of the Company; (b) to establish an allocation of the Company’s related costs among Participants and Industry Members that is consistent with the Exchange Act, taking into account the timeline for implementation of the CAT; (c) to establish a fee structure in which the fees charged to Participants and Industry Members are based upon the executed equivalent share volume of transactions in Eligible Securities, and the costs of the CAT. (d) to provide for ease of billing and other administrative functions; (e) to avoid any disincentives such as placing an inappropriate burden on competition and a reduction in market quality; and (f) to build financial stability to support the Company as a going concern.

Funding Principles. (1) Each Contracting Party shall bear its own costs of representation at meetings of the Charter Conference and any subsidiary bodies. (2) The cost of meetings of the Charter Conference and any subsidiary bodies shall be regarded as a cost of the Secretariat. (3) The costs of the Secretariat shall be met by the Contracting Parties assessed according to their capacity to pay, determined as specified in Annex B, the provisions of which may be modified in accordance with Article 36(1)(d). (4) A Protocol shall contain provisions to assure that any costs of the Secretariat arising from that Protocol are borne by the parties thereto. (5) The Charter Conference may in addition accept voluntary contributions from one or more Contracting Parties or from other sources. Costs met from such contributions shall not be considered costs of the Secretariat for the purposes of paragraph (3).

Funding Principles. 6.1. CMHC Funding and Cost-Matched Funding and Action Plans under this Agreement must respect the following principles: (a) Protect housing affordability for households in Housing Need living in Social Housing by: (i) first preserving, then expanding the number of Units of Social Housing that receive assistance or for which a household in Housing Need receives assistance directly in respect of a Unit; (ii) providing a sufficient level of affordability support to ensure households are not in Housing Need, without creating unintended disincentives to employment, education, and such other agreed upon potential impact areas; and (iii) improving the condition of the existing Social Housing. (b) Prioritize Housing investments to the Community Housing sector, while taking into account the different needs, priorities and contexts of British Columbia. (c) Promote social inclusion through mixed-income or mixed-use Housing and by assisting the most vulnerable and those in greatest Housing Need. (d) Create liveable and inclusive communities by supporting Social Housing and housing that is affordable and easily accessible to health services, education, early learning and child care facilities, employment opportunities, and public transit where provided or available in the community. (e) Promote environmental sustainability, energy efficiency, and local employment benefits. This includes through new and renewed (repaired) Housing that exceeds National Energy Building Code standards for large projects or such equivalent standards as may be recognized in British Columbia, and Community Employment Benefits and climate lens considerations under the Investing in Canada Plan as set out in Schedule C. (f) Support good governance and financial stability of the Community Housing sector through greater openness, transparency, and accountability.

Funding Principles. These Funding Principles are to be applied by accreditation authorities, National Boards and AHPRA when they are considering and agreeing on the funding to be provided to the accreditation authority by the National Board/AHPRA for performance of the accreditation functions. The principles aim to promote consistency, transparency and accountability for use of registrant fees to fund the accreditation function. AHPRA, in consultation with the National Board, will provide funding through registrant fees to enable the accreditation authority to manage its business and risks by covering some of the indirect costs of activities related to program accreditation including monitoring. The following principles will apply, in addition to the guiding principles and objectives of the National Law, and the Quality Framework for the Accreditation Functions, when an accreditation authority is requesting funding from a National Board/AHPRA (funding request) and when a National Board/AHPRA decide to provide funding to an accreditation authority (funding decision): 1. Requests for funding should be reasonable and proportionate to the activities being funded. 2. The funding provided by the National Board/AHPRA should cover a proportion of the governance costs related to the accreditation functions. 3. The funding provided by the National Board/AHPRA for the development and review of accreditation standards should be requested and considered separately to the funding of other accreditation functions. 4. Requests for increases in funding from the previous year should not usually exceed the indexation range applicable to National Board fee increases (up to 3% per annum). 5. Where an accreditation authority considers an increase in funding above the indexation range is required, it should put the funding request and a business case supporting the increase above the indexation range to AHPRA and the National Board for their consideration. 6. Such a request and business case should be forwarded to AHPRA and the National Board by mid- February or earlier each year to enable them to have sufficient time to properly consider the funding request. 7. AHPRA and the National Board may agree to the requested increase in funding or propose to agree to a lesser amount. Such a proposal and reasons for that proposal should be forwarded to the accreditation authority to enable it to have sufficient time to properly consider the proposed funding amount and reasons. 8. AHPRA and the National Boar...

Funding Principles. A Party which spends less than its allocated share of the budget or – in case of reimbursement via unit costs - implements less units than foreseen will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

Funding Principles. A Knowledge Institute that spends less than its allocated share of the Project Budget will be funded in accordance with its actual duly justified eligible costs only. A Knowledge Institute that spends more than its allocated share of the Project Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share unless decided otherwise by the Project Committee.