Expenditure Clause Samples
The Expenditure clause defines the rules and limitations regarding the spending of funds under an agreement. It typically outlines what types of costs are permitted, sets any caps or budgets, and may require prior approval for certain expenses. For example, it might specify that only direct project costs are reimbursable or that travel expenses must be pre-approved. This clause ensures that financial resources are used appropriately and transparently, helping to prevent overspending and disputes over allowable costs.
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Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Expenditure. Except as permitted by any Transaction Document, make any expenditure (by long-term or operating lease or otherwise), excluding those relating to foreclosure, for capital assets (both realty and personalty), unless such expenditure is approved in writing by the Agent.
Expenditure. The Director shall be responsible for the implementation of the approved operational and capital budget of the department.
Expenditure. The Municipal Manager shall be responsible for the implementation of the approved operational and capital budget of the municipality.
Expenditure. No Obligor shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing a Ship.
Expenditure. The Head of Department: Technical Services shall be responsible for the implementation of the approved operational and capital budget of the municipality.
Expenditure. This assessment of our current progress has led us to conclude that substantial investment in additional access measures is called for. In 2012/13, a total of £7.8m will therefore be invested in these measures, rising to £11.89m in 2015/16 (steady state).This represents 35% of the total income from additional fees. A high level summary of how this investment will be attributed in steady state is provided in the table below. The amounts quoted will rise annually in line with inflation (assuming that fee levels also rise to reflect inflation). The balance of investment across the different categories reflects our assessment of current priorities. For example, increasing investment in outreach has been prioritised over supporting retention but we have nevertheless recognised the need for some additional transitional support for students recruited from under represented groups. This balance will be kept under review in the light of levels of progress. In particular, improved recruitment of students from low income backgrounds has the potential to impact significantly on the cost of our student finance package, which may need to be adjusted accordingly in future years. Further detail (including details of proposed investment during the intervening years) is provided in Appendices One and Three. Outreach activities £2.01m Progression/retention activities £0.57m Other continuing activity (e.g. job shop; student funding advisers) £0.43m Student Hardship Funding £0.25m Student Finance Package £8.63m TOTAL REINVESTMENT £11.89m
Expenditure. The Chief Financial Officer shall be responsible for the implementation of the approved operational and capital budget of the municipality.
Expenditure. No Borrower shall incur, or commit to, any expenditure except:
(a) as expressly permitted by the Finance Documents;
(b) with the consent of the Agent; or
(c) in Emergency circumstances, and in accordance with the standards of a Reasonable and Prudent Operator, to avoid or mitigate the risk of injury or material damage.
Expenditure. Such budget funds will be spent to fund approved conferences, conventions and other in-service activities for Principals in the bargaining unit.