Commitment of the Councils and Contributions Clause Samples

The 'Commitment of the Councils and Contributions' clause defines the obligations and financial or resource commitments that each participating council agrees to provide under the agreement. Typically, this clause outlines the specific contributions—such as funding, personnel, facilities, or other resources—that each council is responsible for, and may set out timelines or conditions for these contributions. Its core practical function is to ensure clarity and accountability among the councils, preventing misunderstandings and disputes regarding each party's responsibilities and the resources they are expected to deliver.
Commitment of the Councils and Contributions. 9.1 The Councils agree and undertake to commit to the Project in accordance with the terms of this Agreement and not to commission and/or undertake any procurement and/or project that seeks or would procure the delivery of all or any part of the Project outside the terms of this Agreement unless and until it shall have withdrawn from the Project in accordance with Clause 13. 9.2 The costs associated with providing internal resources in relation to the Procurement Milestones shall, subject to Clause 9.7, be borne by the Council providing that internal resource. However, any additional costs and external costs required shall be shared in proportion to the tonnage volume of each Council's residual waste stream to be allocated to the Project (as more particularly described in the Outline Business Case). 9.3 Each Council shall be required to prepare accounts including details of any expenditure incurred pursuant to Schedule 7 (Heads of Expenditure) ("the Accounts") in respect of each Accounting Period and for such further and/or other accounting periods as the Project Board shall determine and which shall be incorporated into Schedule 8 (Accounting Periods). 9.4 Each Council shall:- 9.4.1 in the Accounts make true and complete entries of all relevant payments made by it during the previous Accounting Period; 9.4.2 within 10 Business Days of the end of each Accounting Period, Solihull Council and Warwickshire Council shall provide to Coventry Council unaudited Accounts for such Accounting Period together with certification that such Accounts comply with this Clause 9; 9.4.3 nominate an individual to be responsible for ensuring that Council's own compliance with this Clause 9 and the name, address and telephone number of each individual nominated pursuant to this Clause 9.4.3 shall be notified to the other Councils in accordance with Clause 18; and 9.4.4 Coventry Council shall within 10 Business Days of receipt of the Accounts submitted by Solihull Council and Warwickshire Council in accordance with
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Commitment of the Councils and Contributions 
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Related to Commitment of the Councils and Contributions

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Political Contributions The Company has not directly or indirectly, (a) made any unlawful contribution to any candidate for public office, or failed to disclose fully any contribution in violation of law, or (b) made any payment to any federal, state, local, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or permitted by the laws of the United States or any other such jurisdiction.

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.