Budget and operating costs Sample Clauses

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.
Sample 1
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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.
Sample 1
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%
Sample 1
Budget and operating costs 
Sample 1

Related to Budget and operating costs

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • 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 each calendar month of 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 B. 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 Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant 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 Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, 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 Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

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

  • Annual Budget (a) The Company and its Subsidiaries shall be operated in accordance with an annual budget, as it may be annually updated from time to time pursuant to this Section 3 (the “Annual Budget”). The initial Annual Budget for the period beginning on the Effective Date and ending on December 31, 2018, including the related variances, is attached hereto as Schedule B-1 (the “Initial Annual Budget”). For each Fiscal Year thereafter, the Asset Manager shall be responsible for preparing and submitting to the Company Board for approval as a Major Decision in accordance with the terms of the Company LLC Agreement a proposed updated Annual Budget, including the related variances. The Annual Budget shall be prepared by the Asset Manager in accordance with the protocols (including the preparation of the back-up materials on the timetable set forth therein) set forth on Schedule B-2 hereto (the “Budget Development Protocols”). The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request. In connection with the review of a proposed Annual Budget, the Preferred Board Members may reasonably request additional information regarding the materials supporting the proposed Annual Budget or such other information as is necessary or desirable to enable review of such proposed Annual Budget, and the Asset Manager shall provide such requested information. The Preferred Board Members shall consent to or reject the proposed Annual Budget, or request additional information (as provided for above), within ten (10) Business Days following (i) receipt of such proposed Annual Budget or (ii) receipt of all additional information that is, in the determination of the Preferred Board Members, necessary or desirable to enable review of such proposed Annual Budget. The Asset Manager shall comply with the Budget Development Protocols regarding the Preliminary Budget for each Fiscal Year. The Annual Budget shall be prepared and submitted annually by the Asset Manager no later than December 10, 2018 for the next Fiscal Year and thereafter by December 10 of each year with respect to the following Fiscal Year. The Annual Budget for each Fiscal Year shall include use of the pre-funded reserve amounts as shown on Schedule B-3 hereto for the four Fiscal Quarters comprising such Fiscal Year. In connection with the submission of the Annual Budget, the Asset Manager shall also prepare and submit to the Company Board an annual business plan for Parent and its Subsidiaries, including a responsible five-year operations forecast, including the operating metrics set forth on Schedule B-4 hereto (the “Annual Plan”). The Preferred Board Members, or their designated representatives, shall be provided reasonable access to all information, data, reports, models and analyses relied on in developing the Annual Plan (including, for the avoidance of doubt, all financial and silvicultural assumptions, constraints, supporting stand level data, merchantable timber volumes, pre-merchantable acres by species and age class, and acres by land classification).

  • 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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