PURPOSE OF THE CONTRIBUTION Sample Clauses

The "Purpose of the Contribution" clause defines the specific intent or objective behind a party's contribution to a project, agreement, or collaboration. It typically outlines what the contribution is meant to achieve, such as supporting research, funding development, or providing resources for a particular goal. By clearly stating the intended use or outcome of the contribution, this clause helps ensure that all parties have a mutual understanding of expectations and prevents misunderstandings about how the contribution should be applied.
PURPOSE OF THE CONTRIBUTION. 2.1 Subject to the provisions of this agreement, Canada agrees to pay a portion of the eligible expenditures made by Québec to implement its Strategic Plan (Schedule B).
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PURPOSE OF THE CONTRIBUTION. 3.1 The purpose of Canada's funding is to enable the Recipient to carry out the Project as described in section 3.2. T he funding shall be used by the Recipient solely for the purpose of paying the Eligible Expenditures. 3.2 The Project’s objective is to provide assistance to organizations and individuals attending to the needs of people experiencing or at risk of homelessness during the global COVID-19 outbreak, through activities that meet the Special Directive on COVID-19.
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PURPOSE OF THE CONTRIBUTION. The Parties hereto agree, pursuant to this agreement, on the contribution by the Contributing Company to the Beneficiary Company of the Business Line as defined in Article 3.1 below, and that the items covered in Article 3.2 below shall not be contributed.
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PURPOSE OF THE CONTRIBUTION. 3.1 Subject to the provisions of this agreement, Canada is prepared to contribute to part of the additional costs that Ontario must assume to implement the initiatives included in the multi-year action plan of this agreement (Schedule 3). 3.2 Further to the linguistic objectives described in section 2 of this agreement, Canada and Ontario agree to focus their efforts, for the purposes of the action plan (Schedule 3), on the areas of intervention described in the strategic framework presented in Schedule 4 of this agreement. The areas of intervention that Ontario chooses to focus on for each linguistic objective may include all or part of the areas described in Schedule 4. 3.3 Canada and Ontario may fund initiatives that address emerging priorities as part of this agreement. Insofar as its particular circumstances make it possible, Ontario also agrees to take into consideration broad directions in which it shares a common interest with all the provinces and territories. For minority-language education, this may mean paying special attention to the continuum of education in a minority context, early childhood education, the development of school–community partnerships and postsecondary education, as well as promoting the sharing of best practices. For second-language learning, this may mean a special focus on the intensive teaching and learning approaches, on youth involvement in authentic language-learning experiences and on various undertakings that demonstrate progress in acquiring language skills, as well as promoting the sharing of best practices. 3.4 In the interests of increasing inter-provincial/territorial cooperation and encouraging optimum use of resources, Canada and Ontario recognize the importance of undertaking projects or initiatives of an inter-provincial/territorial or pan-Canadian scope. For this purpose, it is mutually agreed that these may be coordinated by the CMEC, Ontario, or other provinces and territories, in collaboration with Canada. The terms and conditions governing these projects or initiatives shall be subject to prior agreement between Canada, Ontario and/or the CMEC.
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PURPOSE OF THE CONTRIBUTION. The Contribution shall be used to finance the activities and the categories of expenditure set forth in the “Description of Activities and Expenditures under the CADF Multi-Donor Trust Fund” attached hereto as Annex 1. Annex 1 constitutes an integral part of this Agreement.
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PURPOSE OF THE CONTRIBUTION. 4.1 The purpose of the City’s funding is to enable the Sub-Agreement Holder to carry out the Sub- Project. The funding shall be used by the Sub-Agreement Holder solely for the purpose of paying the Eligible Expenditures.
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Related to PURPOSE OF THE CONTRIBUTION

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Contribution Procedure Within fifteen (15) days after receipt by any party to this Agreement (or its representative) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party (“contributing party”), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its representative of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 5.3.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available. Each Underwriter’s obligations to contribute pursuant to this Section 5.3 are several and not joint.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.