Discretionary Funding. Beneficiary may at all times, without prejudice to its respective rights under this Agreement and without discharging or in any way increasing Completion Guarantor’s liability or obligations under the Completion Documents, make further advances to Producer or grant Producer any time or indulgence, or deal with, exchange, release, modify or abstain from perfecting, foreclosing or enforcing any security interest or other guaranty or rights which Beneficiary may have from or against Producer, provided that such action shall not hinder or interfere with Production and Delivery. If Beneficiary elects to make any advance greater than its Funding Commitment, then Completion Guarantor’s liability and obligations under the Completion Documents shall not increase because of Beneficiary having provided such additional advances unless (a) Completion Guarantor has requested the same in writing, or (b) Completion Guarantor has been paid a fee in respect of such additional advances in an amount satisfactory to Completion Guarantor.
Discretionary Funding. The WDA agrees to share any further waste capital infrastructure grant type funding (or similar) provided by central Government to upper tier authorities based on a 50:50 split between the WDA and the WCAs or in other proportions as agreed by the HWP. Funding will be distributed using the same criteria applied to the waste infrastructure capital grant programme that ran from 2008 – 2011as detailed below :- General Principles :- The Waste Infrastructure Capital Grant (herein referred to as ‘the WICG) is to encourage the introduction and development of collection services and related infrastructure which enables high performance recycling and composting and also enables the partners to build on existing recycling programmes and partnerships. The WICG seeks to make an impact by supporting projects that accrue benefits for all Partners and the communities they serve. The WICG will be allocated in order to secure significant increases in Hertfordshire’s household recycling performance, diversion of municipal waste from landfill and to enable the Partners to meet targets detailed in the JMWMS. Whilst priority will be given to achieving 50% household recycling by 2012, the WICG will also look to support proposals linked to wider municipal waste management targets detailed in the JMWMS. The WICG will be allocated by means of an evaluation process which requires provision of information necessary for a fair evaluation of proposals without placing an undue burden on those making applications. The level of detail required will be proportionate to the funding and complexity of the project being proposed The WICG will aim to strike a balance between achieving maximum value for money, increased tonnages, supporting innovation and development and the timely implementation of new recycling services. Bids will need to confirm that revenue funding is in place to support the deployment and operation of capital assets over their life expectancy. The WICG will look to prioritise opportunities for joint working and joint procurement. However, the need to ensure the appropriate deployment of assets will override the need to jointly procure. Effective planning of HWP related procurement should minimise any such conflicts.
Discretionary Funding. An additional $1 billion is authorized annually (representing the current CCDBG). Allocation of these funds is based on the current CCDBG formula. The legislation states that a "substantial portion of the funds must be used for low-income working families."
Discretionary Funding. Discretionary Funding One-quarter of one percent (.25%) of the unit payroll as of each proceeding June 30th to be applied to address specific operational needs. It may not be applied across- the-board. For the period January – June 2015, this amount will be equivalent to .25% of half of the fiscal year total payroll for the unit. For subsequent years of the contract, this amount shall be equivalent to a .25% of a full fiscal year of total payroll for the year. If the total amount of funding available for this pool as determined by the amount allocated to the University by the state for this purposed is different than stated above, the parties agree that the full amount made available will be expended.
Discretionary Funding. Borrower and Guarantor acknowledge that the Loan Documents provide for a discretionary lending arrangement and agree that Crestmark has no obligation to lend against any Eligible Account or Eligible Inventory or to make any further Advances to Borrower, and that any future Advances made by Cxxxxxxxx will not be deemed to be a waiver of the Existing Defaults or any other events of default. Provided that there is no forbearance Event of Default, Crestmark may make discretionary Advances in accordance with the revised Advance Formula described below which replaces the Advance Formula in the Loan Agreement: Advance Formula: Advances of the Loan may be measured against a percentage of Eligible Accounts and Eligible Inventory. The Loan Amount may not exceed an amount which is the lesser of:
Discretionary Funding. 3. The WDA will continue to make Waste Capital Infrastructure Grant payments to the WCAs under the terms agreed by the HWP on 21st April 2008 until otherwise agreed in accordance with this IIAA.
Discretionary Funding. 1. Upon receipt of funding provided by central government which is either the Waste Infrastructure Capital Grant (or its successors) or similar, provided to upper tier authorities, the WDA will liaise with the Partners. The WDA agrees to share any funding under this paragraph in proportions agreed by the Partners in pursuit of prevailing JMWMS aims and objectives at the time funding is made available.
