Use of Revenue Sample Clauses
The 'Use of Revenue' clause defines how funds or income generated under an agreement must be allocated or spent. It typically outlines specific purposes for which the revenue can be used, such as reinvestment in the project, payment of expenses, or distribution among stakeholders, and may set restrictions to prevent misuse. This clause ensures transparency and accountability in financial management, helping to prevent disputes over improper use of funds and aligning the parties’ expectations regarding financial flows.
Use of Revenue. All Facility-Generated Revenue or other revenue generated through the use of the Jointly Operated Facilities, Common Spaces or with the assistance of the Park Board or Park Board Personnel that is received by the Association will be used by the Association to directly benefit the public through the provision of Programming and services at or from the Jointly Operated Facilities, the acquisition of equipment, minor capital and supplies used for the provision of such Programming and services, or for the payment of expenses incurred in respect of the Association’s operations pursuant to this Agreement or otherwise in furtherance of the Association’s purposes as set out in its constitution, unless otherwise agreed to by the Park Board. The Park Board also acknowledges that the Association may use reasonable and appropriate amounts of Facility-Generated Revenue to cover necessary expenses (for example, rent payments or janitorial costs) and minor maintenance at the existing Satellite Locations used for Programming.
Use of Revenue. As a registered not-for-profit society, the Association acknowledges that its goal and purpose is not to generate and retain large financial surpluses, but is rather to reinvest any surplus funds it generates into the community. All Facility-Generated Revenue or other revenue generated through the use of the Jointly Operated Facilities, Common Spaces or with the assistance of the Park Board or Park Board Personnel that is received by the Association will be used by the Association to directly benefit the public through the provision of Programming and services at or from the Jointly Operated Facilities, the acquisition of equipment, minor capital and supplies used for the provision of such Programming and services, or for the payment of expenses incurred in respect of the Association’s operations pursuant to this Agreement, unless otherwise agreed to by the Park Board. The Park Board also acknowledges that the Association may use reasonable and appropriate amounts of Facility-Generated Revenue to cover necessary expenses (for example, rent payments or janitorial costs) and minor maintenance at the existing Satellite Locations used for Programming.
Use of Revenue. The CONTRACTOR shall use the fees, donations, and revenue collected from its events and activities, within and/or associated with the TRAIL and PROPERTY to support the mutual goals of the parties, which shall be approved by the STATE.
Use of Revenue. Any revenue earned from the by-products from the wastewater treatment and/or biosolids processes at Blue Plains shall be used to offset overall O&M expenses, and be attributed, as appropriate, in proportion to the Capital Cost and/or O&M Cost allocations for those associated MJUFs. Revenue shall include, but not be limited to, any revenue generated by: water reuse, methane gas, electricity, carbon trading, compost and any other biosolids- derived products.
Use of Revenue. As a registered society, the Association acknowledges that its goal and purpose is not to generate and retain large financial surpluses. All Facility-Generated Revenue or other revenue generated through the use of the Jointly Operated Facilities, Common Spaces or with the assistance of the Park Board or Park Board Personnel that is received by the Association will be used by the Association to directly benefit the public through the provision of Programming and services at or from the Jointly Operated Facilities, the acquisition of equipment, minor capital and supplies used for the provision of such Programming and services, or for the payment of expenses incurred in respect of the Association’s operations pursuant to this Agreement, unless otherwise agreed to by the Park Board. The Park Board also acknowledges that the Association may use reasonable and appropriate amounts of Facility-Generated Revenue to cover necessary expenses (for example, rent payments or janitorial costs) and minor maintenance at the existing Satellite Locations used for Programming.
Use of Revenue. There may be instances in which occupational tax revenue may be required to attract companies and/or industry until the Business Park is complete, and/or all available land is sold or leased. In such instances, any special arrangements related to the special use of the revenues included in Section 4(b) shall be unanimously approved by the Parties in accordance with the applicable requirements of their respective Governing Authorities.
Use of Revenue. In accordance with the provisions of S. C. Code ▇▇▇. 48-14- 120(C) (Supp. 2010), and S. C. Regs. 72-310 (Supp. 2010), all Stormwater Utility User Fees collected within the City, less an administrative fee, shall be returned to the City. The administrative fee is to be calculated as a fixed dollar amount for each single family unit (SFU) billed by the Stormwater Utility. The Utility shall define its administrative costs each year during the annual budget process. For fiscal year 2012 the fee shall be $2.80 per Single Family Unit (SFU) base rate applied to the fee paying lands within the limits of the City. After Fiscal Year 2012, the Stormwater Implementation Committee shall conduct annual reviews of the Utility’s administrative budget and recommend to the municipalities and the County any changes to the amount billed per SFU along with its recommendation to the Stormwater Implementation Committee and the Utility shall provide the City an itemized proposal and a written explanation for adjustment to for the administrative services and deliverables to be provided in the coming fiscal year. This proposal shall be submitted to the City by March 1 of each calendar year. The City shall provide a written recommendation of acceptance or rejection to the County Stormwater Utility by April 15 of the same year. Once agreed upon, the fee shall serve as the basis for the annual administrative fee to be calculated per City SFU, and included in each entity’s annual budget.
(a) The administrative fee shall be used by the County to defray the County’s administrative costs in managing the Stormwater Utility.
(b) The City shall use Stormwater Utility User Fees to provide Stormwater Management within the City, including, but not limited to:
(i) The acquisition, design, construction, and maintenance of Stormwater Infrastructure, or repayment of bonded indebtedness issued to fund construction of Stormwater Infrastructure, in so far as the law and covenants of the bonds allow, or for repayment to the City for general fund or other funds spent by the City to fund Stormwater Management activities;
(ii) Acquisition of Stormwater Infrastructure, including any easements or other interests in real property which shall be held in the name of the City;
(iii) Maintenance of Stormwater Infrastructure by the City and its contractor(s,) or by direct services of the Stormwater Utility. Charges for services by the Stormwater Utility; shall be negotiated and approved by the County and the City...
Use of Revenue. APPROVALS: Directions for Completing the Sales and Solicitation and Joint Venture Agreement “A” (refer to front)
Use of Revenue. In accordance with the provisions of S. C. Code ▇▇▇. 48-14- 120(C) (Supp. 2010), and S. C. Regs. 72-310 (Supp. 2010), all Stormwater Utility User Fees collected within the Town, less an administrative fee not to exceed one (1%) percent of the gross of the Unincorporated County Single Family Unit (SFU) base rate applied to the fee paying lands within the limits of the Town, shall be returned to the Town.
(a) The administrative fee shall be used by the County to defray the County’s administrative cost in collecting and distributing Stormwater Utility User Fees.
(b) The Town shall use Stormwater Utility User Fees to provide Stormwater Management within the Town, including, but not limited to:
(i) The acquisition, design, construction, and maintenance of Stormwater Infrastructure, or repayment of bonded indebtedness issued to fund construction of Stormwater Infrastructure, in so far as the law and covenants of the bonds allow, or for repayment to the Town for general fund or other funds spent by the Town to fund Stormwater Management activities;
(ii) Acquisition of Stormwater Infrastructure, including any easements or other interests in real property which shall be held in the name of the Town;
(iii) Maintenance of Stormwater Infrastructure by the Town and its contractor(s,) or by direct services of the Stormwater Utility. Charges for services by the Stormwater Utility; shall be negotiated and approved by the County and the Town, as is provided in Articles 4.03, 4.05(a), 5.05, and 5.07 below; The Town shall have the right of non exclusive use of direct maintenance services, and there shall be no minimum dollar amount required to be spent annually by the Town on any services provided by the Stormwater Utility;
(iv) Plan review and site inspections related to compliance with stormwater ordinances and standards for development within the Town as set forth in Articles 4.05, 4.06 and 4.07 below;
(v) NPDES Phase II permit compliance;
(vi) Payment of bond indebtedness or repayment of funds borrowed from the general fund or any other fund; and,
(vii) Any other services related to Stormwater Management.
Use of Revenue. All revenue generated through the use of the JOF, Common Spaces or with the assistance of the Park Board or Park Board Personnel that is received by the VBGA will be used by the VBGA to directly benefit the public through Programming and services at or from the JOF in accordance with VBGA’s purposes as amended, or enhancements to the JOF, or the acquisition of equipment, minor capital and supplies used for the provision of such Programming and services, or for the payment of expenses incurred in respect of the VBGA’s operations pursuant to this Agreement or otherwise in furtherance of the VBGA’s purposes as may be amended, unless otherwise agreed to by the Park Board.