Common use of Total Contribution Clause in Contracts

Total Contribution. It is acknowledged and agreed by the Parties that the discharge of the Parties' obligations in relation to the Growth Deal shall ultimately be funded as follows: (a) an amount agreed in the Growth Deal from HMT ("HMT Contribution") which will be detailed in GA2; (b) an amount agreed in the Growth Deal in aggregate from the Parties ("Parties' Contribution") which will be detailed in GA2; and (c) each Parties' contribution towards the Annual Budget, on a Proportionate Basis, pursuant to Clause 12.4 (Annual Budget).

Appears in 5 contracts

Sources: Governance Agreement, Governance Agreement, Governance Agreement