Provisions on allocations into the MDF / TDF Account Clause Samples

Provisions on allocations into the MDF / TDF Account. (a) Deposit of the allocation into the MDF / TDF Account will be visible within fourteen (14) calendar days from the moment of the full and valid existence of the Total SSC Scheme Incentive Entitlement. (b) If the Parties are in doubt as to the Permitted Usage of MDF / TDF in accordance with the provisions of this SP Global Program Agreement, Beneficiary shall give Spryker notice of the intended usage of MDF / TDF at least fourteen (14) calendar days prior to the envisaged commencement of the MDF / TDF related activity in text form (e-mail sufficient) to the responsible Spryker Partner Manager. Spryker shall then without undue delay assess and confirm whether the intended MDF / TDF related activity is covered under the applicable provisions. Any information and documents required must be submitted by the Beneficiary to Spryker prior to such assessment. (c) If the Beneficiary has incurred costs for an MDF / TDF related activity to be settled through an MDF / TDF Reimbursement, which, however, cannot be used done to insufficient balance of the MDF / TDF Account, Beneficiary cannot oblige Spryker to sufficiently balance the MDF / TDF Account in order to issue an MDF / TDF Reimbursement. A pro-rata payment of the MDF / TDF Reimbursement from the MDF / TDF Account by Spryker to Beneficiary, insofar as balance of the MDF / TDF Account is sufficient for such purpose, shall remain possible. (d) Beneficiary undertakes to retain relevant documents, receipts and other records relevant and related to the MDF / TDF related activity and for which an MDF / TDF Reimbursement was received by Spryker, in accordance with the applicable statutory provisions for retention periods. Spryker reserves the right to conduct random reviews and audits of such documents, receipts and other records itself or through an independent auditor professionally bound to confidentiality, subject to prior notice to Beneficiary. The costs incurred for such a review or audit shall be borne by Spryker. In such event, Beneficiary agrees to provide appropriate access and disclosure to such documents, receipts and records.
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Related to Provisions on allocations into the MDF / TDF Account

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  • Limitations on Contributions By executing this Agreement, Contractor acknowledges its obligations under Section 1.126 of the City’s Campaign and Governmental Conduct Code, which prohibits any person who contracts with, or is seeking a contract with, any department of the City for the rendition of personal services, for the furnishing of any material, supplies or equipment, for the sale or lease of any land or building, for a grant, loan or loan guarantee, or for a development agreement, from making any campaign contribution to (i) a City elected official if the contract must be approved by that official, a board on which that official serves, or the board of a state agency on which an appointee of that official serves, (ii) a candidate for that City elective office, or (iii) a committee controlled by such elected official or a candidate for that office, at any time from the submission of a proposal for the contract until the later of either the termination of negotiations for such contract or twelve months after the date the City approves the contract. The prohibition on contributions applies to each prospective party to the contract; each member of Contractor’s board of directors; Contractor’s chairperson, chief executive officer, chief financial officer and chief operating officer; any person with an ownership interest of more than 10% in Contractor; any subcontractor listed in the bid or contract; and any committee that is sponsored or controlled by Contractor. Contractor certifies that it has informed each such person of the limitation on contributions imposed by Section 1.126 by the time it submitted a proposal for the contract, and has provided the names of the persons required to be informed to the City department with whom it is contracting.

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  • Distributions; Investments (a) Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock other than Permitted Distributions; or (b) directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so.