Allocation keys Sample Clauses
The "Allocation keys" clause defines the method or criteria by which costs, revenues, or other financial items are distributed among parties involved in an agreement. Typically, this clause specifies the basis for allocation, such as percentage shares, usage metrics, or other agreed-upon formulas, and may outline procedures for adjusting these keys if circumstances change. Its core practical function is to ensure transparency and fairness in dividing financial responsibilities or benefits, thereby reducing disputes and clarifying each party's obligations.
Allocation keys. Allocation keys are uniformly applied to all tenants on the SITE. In principle the nature of the service and the allocation keys are closely related. Once a year the allocation keys are reviewed by the SHELL CHIMIE Finance department and the management of the ENTITIES and production plants to check whether any modification is required. The allocation keys are presented to each ENTITY as part as the October Forecast exercise and will apply to the following year. In case there would be a need to change the basis to the allocation support from and approval by all tenants on the SITE will be obtained.
Allocation keys. In principle the nature of the service and the allocation keys are closely related. Once a year the allocation keys are reviewed by the SHELL CHIMIE Finance department and the management of the ENTITIES and production plants to check whether any modification is required. The allocation keys are presented to each ENTITY as part as the October Forecast exercise and will apply to the following year.
Allocation keys. Relevant for allocating the cost of providing services centrally for the benefit of multiple entities. Depending on the complexity of the group, consider whether (a) different allocation keys should apply for different service types, and (b) whether the agreement should refer to a separate allocation key policy document which may be updated from time to time. Ensure the arrangements are expressed with ‘legal certainty’.