Common use of Ongoing Contributions Clause in Contracts

Ongoing Contributions. ‌ Each Hospital shall be required to make available to the Alliance the aggregate funding it receives from the Ministry and all revenues related to any services provided by the Hospital, excluding endowments described in Section 4.01(c). Funds will be transferred from time to time between Alliance bank accounts and Hospital bank accounts based on revenues and expenditures allocated to each respective Hospital, or as directed by the Alliance board.

Appears in 1 contract

Sources: Alliance Agreement

Ongoing Contributions. Each Hospital shall be required to make available to the Alliance the aggregate funding it receives from the Ministry and all revenues related to any services provided by the Hospital, excluding endowments described in Section 4.01(c). Funds will be transferred from time to time between Alliance bank accounts and Hospital bank accounts based on revenues and expenditures allocated to each respective Hospital, or as directed by the Alliance board.

Appears in 1 contract

Sources: Alliance Agreement