Special Contribution Sample Clauses
A Special Contribution clause defines the terms under which a party makes an additional, often one-time, payment or contribution beyond their regular obligations. This clause typically specifies the amount, timing, and purpose of the special contribution, such as funding a specific project, covering unexpected expenses, or addressing a shortfall. By clearly outlining these conditions, the clause ensures transparency and agreement on extraordinary financial commitments, helping to prevent disputes and allocate responsibility for exceptional funding needs.
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Special Contribution. PREPA will deduct and withhold a Special Contribution to MAI the of one point five from payment for services under this Contract, in compliance with Article 1, Law No. 48-2013. Notwithstanding, advertising spots, reimbursable expenses and the cost of equipment or materials are
Special Contribution a levy on the owner of a lot fixed by the Body Corporate, in accordance with the Regulation Module, where a liability arises for which no provision, or inadequate provision has been made in the Body Corporate's budget.
Special Contribution. 1. In accordance with the Decision of the Council determining the special contribution of Ireland approved during the 147th Council meeting held on 05-06.06.2018, adopted pursuant to Article VII (3) of the Convention, Ireland shall pay in cash to the Organisation a special contribution of €14,660,000 (in words: Fourteen Million Six Hundred Sixty Thousand Euros) in 2018 prices in total. This amount is firm and not subject to revision.
2. The special contribution amount shall be paid by Ireland to the Organisation in eleven instalments as set out below in Table 1: Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 M Euro 0.25 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441
3. At the time of an invoice being issued by the Organisation the yearly instalments are subject to yearly indexation with respect to 2018, using the Organisation’s cost-variation index updated annually and approved by the Council.
4. Table 1 assumes that the year of accession to the Convention is 2018. If the accession to the Convention takes place later than 2018, any indexed instalment from earlier year(s) shall be paid in the year of accession to the Convention.
5. For 2018 Ireland shall pay the yearly instalment within 30 natural days from the receipt of the invoice issued by the Organisation after the date of accession to the Convention.
6. For 2019 and subsequent years, Ireland shall pay the indexed yearly instalments as specified in Table 1 in paragraph 1 above within 30 natural days from the receipt of the invoice issued by the Organisation.
7. In the event of late payment, the Organisation shall charge Ireland with interest. The interest to be charged shall be calculated on that portion of Ireland’s contribution which has not been paid within 90 days of the due date, as defined accordingly in paragraph 3 or 4 above. The interest rate used shall be the EURIBOR 3 months plus 1 percentage point. The Organisation shall inform Ireland of the interest due when making the call for the subsequent contributions. The modalities for payment of the interest will be defined on a case by case basis in consultation with Ireland.
8. Ireland shall be entitled to make early payments of some or all the yearly instalments in case this would be useful for Ireland. In such a case a new schedule of payments of the yearly instalments shall be agreed between Ireland and the Organisation.
Special Contribution. PREPA will deduct and withhold a Special Contribution to EY the equivalent of one point five percent (1.5%) from payment for services under this Contract, in compliance with Article 1, Law No. 48-2013. Notwithstanding, advertising spots, reimbursable expenses and the cost of equipment or materials are excluded.
Special Contribution. 1.1 The Offeror will procure that ▇▇▇▇ ▇▇▇▇▇ or another member of the Group makes to the Plan a special contribution of £1m in cash within 30 days of the Effective Date.
1.2 The Trustee agrees that the Plan’s schedule of contributions for the purposes of section 227 of the Pensions ▇▇▇ ▇▇▇▇ will, to the extent necessary, be amended to reflect the terms of Clause 1.1.
Special Contribution. PREPA will deduct and withhold a Special Contribution to the Consultant, the equivalent of one point five percent (1.5%) from payment for services under this Contract, in compliance with Article 1, Law No. 48-2013. Notwithstanding, advertising spots, reimbursable expenses and the cost of equipment or materials are excluded.
Special Contribution. With this agreement, the Investor in Category B shares makes the Contribution in cash available to the Company, in a lump sum, expiring on the date of signing of this agreement. The value of the Contribution represents the total gross value, subject to any withholding taxes. The contribution, although forming part of the company’s assets and therefore of the venture capital of the company, will not form part of the nominal share capital of the Company and will have to be accounted for in the liability account of the Company and will be recorded in accordance with Portuguese accounting rules and the international standards (hybrid underwriting instruments);