BUDGET AND OPERATING COSTS Sample Clauses

BUDGET AND OPERATING COSTS. 5.1 If there is a dedicated source of funding, including but not limited to a County Emergency Communications and Emergency Medical Services Gross Receipts Tax (the G.R. tax) then the annual budget of the Authority shall be submitted to the Board of County Commissioners of Taos County and shall not be effective until approved by the Board of County Commissioners. Unless otherwise provided in this Agreement, the County shall provide the funds that are necessary for the Authority's administrative and operational expenses from the revenue generated by the County Emergency Communications and Emergency Medical Services Gross Receipts Tax (the G.R. tax), if implemented. The Authority shall pay a reasonable fee each fiscal year, to be determined by the Authority's Board of Directors, to compensate the County for the administrative support services the County has provided to the Authority during the preceding fiscal year.
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BUDGET AND OPERATING COSTS. A. The Authority shall prepare an annual budget. In the event the Authority believes funds from each Member for operating and/or administrative costs not paid by the Emergency Telephone Charge revenues will be necessary, it shall prepare a budget and submit a preliminary budget funding request to each Member by August 1st of each year that this Agreement is in effect. Each Member shall then consider the budget funding request in its annual appropriation. The Members shall be required to pay to the Authority, within ninety (90) days of notification, an equitable percentage of the total operating and/or administrative costs not funded by the Emergency Telephone Charge revenues. Each Member’s percentage of that cost shall be based upon its exclusive population, except for OCETSA and SMETSA, whose contributions shall be based upon the respective SMETSA and OCETSA Agreements, as may be amended from time to time.
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BUDGET AND OPERATING COSTS. All costs incurred in connection with the meetings provided for in Articles 5-2, 5-3 et 7-3 are met by the Group (translation and distribution of preparation documents and minutes, the transport and accommodation expenses of employee representatives and invited members, referred to in Article 6-3). Management shall meet the costs in connection with the Secretariat's monthly meetings. Management will endeavour to reduce the costs that are met by smaller companies. The Group shall also meet the cost of training for full and deputy members of the EWC, as specified in Article 8-4 hereafter. The Secretariat is provided with equipped (IT and telecommunications) and independent premises on a permanent basis. The Secretariat shall be provided with part-time administrative support. The costs incurred in connection with the working groups specified in Article 5 and the expert appraisals decided with the Chairman's approval (Article 5.4) are paid by the Group. Translations commissioned on the initiative of the Secretariat, as part of preparation for and debriefing after meetings, are paid by the group. Each year, a budget is allocated to the EWC and monitored by the Secretariat, in particular to cover the cost of the expert appraisals decided on the EWC's initiative, of other translations commissioned on the initiative of the members or the Secretariat, and of the transport and accommodation expenses that are not covered by Management. The maximum budget is set at EUR 80,000 per year.
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BUDGET AND OPERATING COSTS. All of the costs of holding meetings provided for in articles 7-3 and 4-3 are paid for by the Group (translation and circulation of preparatory documents and meeting minutes, transport and accommodation costs of employees' representatives, and the people invited set out in article 6-3). - The Group will also pay for the costs of training the permanent and deputy members of the European Works Council under the terms of article 8-4. In addition to the secretariat meetings taking place on the occasion of the plenary sessions of the EWC, the management of the group will pay the costs concerned with 4 further secretariat meetings per year. The secretariat has premises permanently available with equipment (data processing, telecommunications). The management supplies the logistic support for the secretariat. - Costs relating to the work groups defined in article 5-2, and the costs of expert opinion on the consolidated accounts and those decided on with the agreement of the Chairman (article 5-4) will be paid for by the Group. - Lastly, a budget of 70 000 Euros is granted to the secretariat for the experts’ reports mentioned in the penultimate paragraph of article 5-4, for the first year of the EWC’s functioning.
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BUDGET AND OPERATING COSTS. All of the costs of holding meetings provided for in articles 7-3 and 4-3 are paid for by the Group (translation and circulation of preparatory documents and meeting minutes, transport and accommodation costs of employees' representatives, and the people invited set out in article 6-3). The Group companies shall also pay for the costs of training the permanent and deputy members of the European Works Council under the terms of article 8-4. In addition to the secretariat meetings taking place on the occasion of the plenary sessions of the EWC, the management of the group will pay the costs concerned with 4 further secretariat meetings per year. The secretariat has premises permanently available with equipment (data processing, telecommunications). The management shall provide logistical support to the Secretariat and shall make administrative support available for its operation and management. Costs relating to the work groups defined in article 5-2, and the costs of expert opinion on the consolidated accounts and those decided on with the agreement of the Chairman (article 5-4) will be paid for by the Group. Furthermore, the EWC Secretariat shall be entitled to and responsible for allocating a portion of the annual budget devoted to EWC by Group Management, in order to cover the following expenses: - translations requested by EWC Secretary - training of French members, - telephone: 35 K€ in 2005, - travels at the initiative of EWC members, aside from Plenary Assemblies, Secretariat meetings and Working Group meetings - expert appraisals covered under ante-penultimate paragraph of Article 5-4 - miscellaneous operating expenses For the Year 2005 and under the scope covered at the date of this Agreement revision, the maximum amount of this budget portion shall not exceed €185,000, of which €70,000€ earmarked for expert appraisals. Accounting management shall be provided by Management, in accordance with applicable standards related to purchase orders, ordering and invoicing.
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BUDGET AND OPERATING COSTS. TCD shall operate on a July 1 through June 30 fiscal year. The annual budget of the TCD shall be submitted to the Board of Directors and shall not be effective until approved by the Board of Directors. Unless otherwise provided in this Agreement, the County shall provide the funds that are necessary for the TCD’s administrative and operational expenses from the revenue generated by the County Emergency Communications Gross Receipts Tax. The operating, reserve and capital budgets for TCD shall be determined as follows: Not less than 150 days prior to the end of TCD’s fiscal year (January 31), the Executive Director and Finance Committee shall present proposed annual and five year operating, reserve and capital budgets to the Board of Directors. Not less than 120 days prior to the end of TCD’s fiscal year (February 28), the Board of Directors shall return its recommendations to the Executive Director and Finance Committee. Not less than 90 days prior to the end of TCD’s fiscal year (March 31), the Executive Director shall return the proposed annual and five year operating, reserve and capital budgets to the Board for approval. If the Executive Director and the Board of Directors disagree on any aspect of the proposed budgets, the Executive Director shall submit an explanation of the items of disagreement with the proposed budgets. Not less than 60 days prior to the end of TCD’s fiscal year (April 30), the Board of Directors shall deliver to the County Manager a final budget stating the amount budgeted to TCD for the upcoming fiscal year. If the County Emergency Communications Gross Receipts Tax is not sufficient to meet TCD’s operating, reserve, or capital budget for any fiscal year, the Board may revise and balance the budget, adopt a budget below the amount of its proposed budget, or, the Parties shall jointly contribute the amount necessary to meet TCD’s operating budget. The amount of each Party’s contribution shall be determined by applying the following percentages to the total amount of the required contribution: Party Percent Taos County 35% Town of Taos 35% Village of Questa 10% Taos Ski Valley 10% Taos Pueblo 10%
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BUDGET AND OPERATING COSTS 
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Related to BUDGET AND OPERATING COSTS

  • Operating Costs (a) Tenant shall maintain the Premises in their condition on the Effective Date at Tenant’s sole cost and expense. Landlord may inspect the Premises and, if Landlord reasonably determines that Tenant is not maintaining the Premises in their condition on the Effective Date, Landlord may provide Tenant with written notice of any such maintenance concern, and Tenant shall promptly make such repairs. If Tenant fails to complete such repairs within thirty (30) days of receipt of such notice, Landlord may undertake such repairs and Tenant shall be obligated to reimburse Landlord for its costs within ten (10) days of receipt of an invoice therefore. Landlord represents and warrants to Tenant that the exterior walls, foundation and roof of the Premises are in good working order on the Effective Date. Landlord will, at its cost, replace, restore, repair or maintain (as necessary) the roof until the first anniversary of the Commencement Date. Landlord will, at its cost, replace, restore, repair or maintain (as necessary) the exterior walls and foundation of the Premises until the fifth anniversary of the Commencement Date. Tenant shall be fully responsible for the replacement, restoration, repair and maintenance of the roof, exterior walls and foundation of the Premises thereafter. If Landlord fails to commence such repairs within thirty (30) days of receipt of any notice from Tenant, Tenant may undertake such repairs and Landlord shall be obligated to reimburse Tenant for its costs within ten (10) days of receipt of an invoice therefore; provided, however, that Tenant shall have no rights to offset or set off any such amounts against the Rent to be paid hereunder. If Landlord does not reimburse Tenant within ten (10) days from the date of notice, such charge shall bear interest at the rate of eighteen percent (18%) per annum until paid. Notwithstanding anything to the contrary herein contained (except for the provisions of paragraph 32 below), if Tenant makes any changes, additions or alterations to the roof of the Premises which involves penetration of the roof (other than those for telecommunications installations so long as the installation contractor has Landlord’s prior written approval which will not be unreasonably conditioned, delayed or denied), Landlord’s obligations to replace, restore, repair or maintain the roof shall cease. If Tenant undertakes any structural repairs in the Premises which impact, affect, or alter the walls or foundation of the Premises, Landlord’s obligation to replace, restore, repair or maintain that portion of the exterior walls and foundation of the Premises shall cease as of the date of such action by Tenant. Any Operating Costs that pertain to a period prior to or after the Lease Term will be pro rated between Landlord and Tenant in the proportion of the amount of the Lease Term that falls within the period to which the Operating Costs pertain.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Budget and Cost Consultation 5.4.1 Contractor is responsible for the construction budget and for preparing and updating all procurement and Estimated Construction Costs and distributing them to the Project Team throughout the duration of the Project.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • TASK 1 GENERAL PROJECT TASKS PRODUCTS

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Operating Expenses The Lessor shall have no obligation to provide any services, perform any acts, or pay expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises. The Lessee hereby agrees to pay one-hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term “Operating Expenses” shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Budget Narrative Services are strictly paid as cost reimbursement. No funds will be paid for services not provided.

  • Annual Budget Prior to the date hereof, Borrower has submitted and Lender has approved an Annual Budget for the 2015 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding Fiscal Year. During the continuance of a Trigger Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably conditioned, delayed or withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Trigger Period or any Annual Budget submitted prior to the commencement of a Trigger Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.3(a). If Lender has the right to approve an Annual Budget pursuant to this Section 6.8.3, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Monthly Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses and Capital Expenditures for the Interest Period related to such Monthly Payment Date. If during any Trigger Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year, except that the line item for Capital Expenditures shall not exceed the Capital Expenditures set forth in the Approved Initial Budget.

  • Closing Costs and Prorations Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any; and (4) any other cost, fee, or expense which may be reasonably required in order for the transaction to close.

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