FUNDING SCHEME Sample Clauses

The FUNDING SCHEME clause defines the method and structure by which financial resources will be provided for a project or agreement. It typically outlines the sources of funding, the schedule of payments, and any conditions or milestones that must be met to trigger disbursements. For example, it may specify that funds are released in stages upon completion of certain deliverables or according to a pre-agreed timeline. The core function of this clause is to ensure transparency and predictability in the flow of funds, thereby reducing financial uncertainty and aligning expectations between the parties involved.
FUNDING SCHEME. (subclause 1.1) Cancer Australia’s Priority-driven Collaborative Cancer Research Scheme This scheme is conducted by Cancer Australia in conjunction with the National Health and Medical Research Council
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FUNDING SCHEME. The following payment scheme will apply: - 25% of the agreed upon funding will be provided at the time the contract is signed. - Based on the evaluation of the final report, a payment of up to 50% of the requested funding will be carried out by the SoftFIRE project coordinator. - The remaining 25% will be paid following the formal approval of the final report and corresponding work by the European Commission (EC).
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FUNDING SCHEME. The Placement Provider will be reimbursed by NHS England a contribution to training which will be paid according to the NHS England Funding Guide and associated regional agreements for funding (for the NHS managed sector). NHS England will reimburse the Placement Provider at a rate agreed annually and set out in accordance to Schedule 2, covering a period of 24 months, and aligned to correspondence previously provided by NHS England confirming the commission of PTPTs. Funding will be discontinued in advance if a PTPT is no longer in receipt of their salary due to dismissal, resignation, or extended leave. In the event of the Placement Provider being unable to deliver the training to the required standard thereby resulting in an individual PTPT being transferred to a different organisation, NHS England will manage any changes and funding will be transferred to the new placement provider as necessary. No other expenses, such as education course fees, PTPT’s travel expenses, will be reimbursed to the employing placement Provider. This provision will commence on the start date of each PTPT and continue for a period of 24 months of full-time training. The exception to this would be a PTPT who in exceptional circumstances has an extension to training approved by NHS England. Funding for activities described in section 19 is available only for the 2024/25 financial year. Funding for activity in subsequent years is subject to confirmation. The Newly Qualified Pharmacist Programme (NQP) supports (registered) newly qualified pharmacists to develop their knowledge and skills in practice, with associated funding for 12 months duration of Educational Supervision within their employing organisation. NHS England separately provide access to an e-portfolio, professional framework and learning materials. The Placement Provider is the employer of a newly qualified pharmacist that has enrolled on the Newly Qualified Pharmacist Programme, and where that placement provider has an internal newly qualified pharmacist support programme that has been approved by NHS England WT&E as appropriate. Eligibility is determined by a Placement Provider that employs a newly qualified pharmacist, has an internally newly qualified pharmacist support programme that has been approved by NHS England WT&E, and has identified the newly qualified pharmacist to the NHS England WT&E regional team for newly qualified pharmacists in the NHS Managed Sector, and the NHS England WT&E National Pharmacy Tea...
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FUNDING SCHEME. The Student is benefiting from a JMD scholarship Partner country/Programme Country a) By signing this contract, the student acknowledges the acceptance of the JMD scholarship for the European Joint Master Degree in Neuroscience ‘Neurasmus’ b) The student understands that he/she will receive a scholarship for the academic years 20XX / 20XX according to the following scheme: €18,000 (Partner country scholarship) or € 9,000 (Programme country scholarship) will be deducted automatically to cover EMJMD participation costs for the 2 years; The remaining sum will be paid out by bank transfer in monthly instalments over the course of the academic year following the receipt of details for his/her French bank account. c) The scholarship will be used only for the coverage of study-related travel expenditures, subsistence costs and participation costs including tuition fees, incurring during his/her participation in the Joint Master Degree Programme.
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FUNDING SCHEME. The Student is benefiting from an EMJMD scholarship Programme/Partner country a) By signing this contract, the student acknowledges the acceptance of the EMJMD scholarship for the European Joint Master Degree in Neuroscience ‘Neurasmus’ b) The student understands that he/she will receive a scholarship for the academic years 2018 / 2020 according to the following scheme: Contribution to subsistence costs: 1,000€ / month for a total of 24 instalments starting from September n until August n+2, Contribution to travel and installation: 1,000 € /year per scholarship holder resident in a Programme Country for travel costs 2,000 € /year for travel costs + 1 000 EUR for installation costs for scholarship holder resident in a Partner Country whose location is situated at less than 4.000 km from the EMJMD coordinating HEI 3,000 € per year for travel costs + 1 000€ for installation costs for scholarship holder resident in a Partner Country whose location is situated at 4.000 km or more from the EMJMD coordinating HEI. For a total of: total amount of the scholarship The sum will be paid out by bank transfer in monthly instalments over the course of the academic year following the receipt of details for the student bank account (SEPA zone). The contribution to travel is paid in 2 instalments, each one at the beginning of each academic year. The contribution to installation is paid in one instalment at the beginning of the programme. c) The scholarship will be used only for the coverage of study-related travel expenditures, subsistence costs and participation costs including tuition fees, incurring during his/her participation in the Erasmus Mundus Joint Master Degree Programme.
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FUNDING SCHEME. 8.1 - General payment terms and benefficiaries’ obligations
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FUNDING SCHEME. 1. The Participants will endeavour to make the necessary funds and other resources for the implementation of the cooperative activities with regards to the Participants’ respective commitments in line with the Memorandum and/or the Work Plan, taking into account the capacity of the Participants. 2. Any costs of the cooperative activities under the Memorandum and/or the Work Plan will be borne in manner to be mutually decided by the Contact Points.
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FUNDING SCHEME. The Student is benefiting from a Self-funding candidate Partner country/Programme Country a) By signing this contract, the student acknowledges the acceptance of the Self-funding position for the European Joint Master Degree Programme in Neuroscience ‘Neurasmus’ and certifies that he/she has adequate funds to pursue the full Program. b) No financial assistance from the Erasmus Mundus Joint Master Degree Program will be provided towards payments of either fees or maintenance/travel costs during the period of study of the MSc in Neuroscience. c) The student will pay his/her participation costs according to the category he/she belongs. Transfers will be done directly to the Neurasmus Secretariat in one instalment each year: € 9,000 per year (Partner country)/ € 4,500 per year (Programme country) The transferred money will be used only for the coverage tuition fees and other study-related costs, incurring during his/her participation in the Joint Master Programme.
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Related to FUNDING SCHEME

  • Funding of Revolving Loans Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly inform the Lenders as to the terms thereof. Each Lender will make its pro rata share of the Revolving Loans available to the Administrative Agent by 1:00 p.m. on the date specified in the Notice of Borrowing by deposit (in U.S. dollars) of immediately available funds at the offices of the Administrative Agent at its principal office in New York, New York, or at such other address as the Administrative Agent may designate in writing. All Revolving Loans shall be made by the Lenders pro rata on the basis of each Lender's Commitment Percentage. No Lender shall be responsible for the failure or delay by any other Lender in its obligation to make Loans hereunder; provided, however, that the failure of any Lender to fulfill its obligations hereunder shall not relieve any other Lender of its obligations hereunder. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Loan that such Lender does not intend to make available to the Administrative Agent its portion of the Loans to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on the date of such Loans, and the Administrative Agent in reliance upon such assumption, may (in its sole discretion without any obligation to do so) make available to the relevant Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent's demand therefor, the Administrative Agent will promptly notify the relevant Borrower and such Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from the Lender or such Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to such Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (a) from such Borrower at the applicable rate for such Loan pursuant to the Notice of Borrowing and (b) from a Lender at the Federal Funds Rate.

  • Funding of Loans The Lenders agree that the Administrative Agent may assume that each Lender will fund timely its pro rata portion of each borrowing requested by the Borrowers in accordance with the terms of this Agreement and that the Administrative Agent may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable borrowing available to the Administrative Agent, then the applicable Lender and the Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (a) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate or a rate determined by the Administrative Agent in accordance with banking industry customs and rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (b) in the case of a payment to be made by the Borrowers, the interest rate applicable to Adjusted Base Rate Borrowings. If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable borrowing to the Administrative Agent, then the amount so paid shall constitute such share included in the subject borrowing. Any payment by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent.

  • Funding of Advances (a) Subject to the satisfaction of the conditions precedent set forth in Section 6.2, the Borrower may request Advances hereunder by giving notice to the Facility Agent, each Agent and the Collateral Agent of the proposed Advance at or prior to 11:00 a.m., New York City time, at least two (2) Business Days prior to the proposed Advance Date. Such notice (herein called the “Advance Request”) shall be in the form of Exhibit C-1 and shall include (among other things) the proposed Advance Date and amount of such proposed Advance, and shall, if applicable, be accompanied by an Asset Approval Request setting forth the information required therein with respect to the Collateral Obligations to be acquired by the Borrower on the Advance Date (if applicable). The amount of any Advance shall at least be equal to the least of (x) $500,000, (y) the (1) Borrowing Base on such day minus (2) the Advances outstanding on such day and (z) the (1) Facility Amount on such day minus (2) the Advances outstanding on such day before giving effect to the requested Advance as of such date. Any Advance Request given by the Borrower pursuant to this Section 2.2, shall be irrevocable and binding on the Borrower. The Facility Agent shall have no obligation to lend funds hereunder in its capacity as Facility Agent. Subject to receipt by the Collateral Agent of an Officer’s Certificate of the Borrower confirming the satisfaction of the conditions precedent set forth in Section 6.2, and the Collateral Agent’s receipt of such funds from the Lenders, the Collateral Agent shall make the proceeds of such requested Advances available to the Borrower by deposit to such account as may be designated by the Borrower in the Advance Request in same day funds no later than 3:00 p.m., New York City time, on such Advance Date.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.