Common use of Financial Contribution Clause in Contracts

Financial Contribution. 1.01 Destination BC will provide a Financial Contribution to the Recipient for its provision of the Services of up to $3,753,000 exclusive of all applicable taxes, being the maximum amount of the Eligible Expenses (as defined below), in accordance with the remainder of this Schedule “B”. 1.02 Destination BC will provide the Financial Contribution to the Recipient within 30 days following Destination BC’s receipt and, as applicable, approval of the documentation specified below, as follows: a) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2024/2025 Regional Operations Plan and Budget, and a numbered original invoice on or after April 1, 2024 (20% of FY 2024/2025 funding); b) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2023/2024, and a numbered original invoice on or before May 15, 2024 (20% of FY 2024/2025 funding); c) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2024/2025, and a numbered original invoice on or before August 15, 2024 (20% of FY 2024/2025 funding); d) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2024/2025 and a numbered original invoice on or before November 15, 2024 (20% of FY 2024/2025 funding); e) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2024/2025, and a numbered original invoice on or before February 15, 2025 (20% of FY 2024/2025 funding); f) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2025/2026 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2025 (20% of FY 2025/2026 funding); g) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2024/25, and a numbered original invoice on or before May 15, 2025 (20% of FY 2025/2026 funding); h) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2025/2026, and a numbered original invoice on or before August 15, 2025 (20% of FY 2025/2026 funding); i) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2025/2026 and a numbered original invoice on or before November 15, 2025 (20% of FY 2025/2026 funding); j) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2025/2026, and a numbered original invoice on or before February 15, 2026 (20% of FY 2025/2026 funding); k) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2026/2027 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2026 (20% of FY 2026/2027 funding); l) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2025/2026, and a numbered original invoice on or before May 15, 2026 (20% of FY 2026/2027 funding); m) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2026/2027, and a numbered original invoice on or before August 15, 2026 (20% of FY 2026/2027 funding); n) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2026/2027, and a numbered original invoice on or before November 15, 2026 (20% of FY 2026/2027 funding); o) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY2026/2027 and a numbered original invoice on or before February 15, 2027 (20% of FY 2026/2027 funding);

Appears in 1 contract

Sources: Shared Cost Arrangement

Financial Contribution. 1.01 Destination BC will provide a Financial Contribution to the Recipient for its provision of the Services of up to $3,753,000 4,338,000 exclusive of all applicable taxes, being the maximum amount of the Eligible Expenses (as defined below), in accordance with the remainder of this Schedule “B”. 1.02 Destination BC will provide the Financial Contribution to the Recipient within 30 days following Destination BC’s receipt and, as applicable, approval of the documentation specified below, as follows: a) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2024/2025 Regional Operations Plan and Budget, and a numbered original invoice on or after April 1, 2024 (20% of FY 2024/2025 funding); b) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2023/2024, and a numbered original invoice on or before May 15, 2024 (20% of FY 2024/2025 funding); c) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2024/2025, and a numbered original invoice on or before August 15, 2024 (20% of FY 2024/2025 funding); d) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2024/2025 and a numbered original invoice on or before November 15, 2024 (20% of FY 2024/2025 funding); e) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2024/2025, and a numbered original invoice on or before February 15, 2025 (20% of FY 2024/2025 funding); f) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2025/2026 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2025 (20% of FY 2025/2026 funding); g) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2024/25, and a numbered original invoice on or before May 15, 2025 (20% of FY 2025/2026 funding); h) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2025/2026, and a numbered original invoice on or before August 15, 2025 (20% of FY 2025/2026 funding); i) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2025/2026 and a numbered original invoice on or before November 15, 2025 (20% of FY 2025/2026 funding); j) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2025/2026, and a numbered original invoice on or before February 15, 2026 (20% of FY 2025/2026 funding); k) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2026/2027 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2026 (20% of FY 2026/2027 funding); l) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2025/2026, and a numbered original invoice on or before May 15, 2026 (20% of FY 2026/2027 funding); m) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2026/2027, and a numbered original invoice on or before August 15, 2026 (20% of FY 2026/2027 funding); n) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2026/2027, and a numbered original invoice on or before November 15, 2026 (20% of FY 2026/2027 funding); o) Destination BC will provide a Financial Contribution of $250,200 289,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY2026/2027 and a numbered original invoice on or before February 15, 2027 (20% of FY 2026/2027 funding);

Appears in 1 contract

Sources: Shared Cost Arrangement

Financial Contribution. 1.01 Destination BC will provide a Financial Contribution to the Recipient for its provision of the Services of up to $3,753,000 3,465,000 exclusive of all applicable taxes, being the maximum amount of the Eligible Expenses (as defined below), in accordance with the remainder of this Schedule “B”. 1.02 Destination BC will provide the Financial Contribution to the Recipient within 30 days following Destination BC’s receipt and, as applicable, approval of the documentation specified below, as follows: a) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2024/2025 Regional Operations Plan and Budget, and a numbered original invoice on or after April 1, 2024 (20% of FY 2024/2025 funding); b) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2023/2024, and a numbered original invoice on or before May 15, 2024 (20% of FY 2024/2025 funding); c) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2024/2025, and a numbered original invoice on or before August 15, 2024 (20% of FY 2024/2025 funding); d) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2024/2025 and a numbered original invoice on or before November 15, 2024 (20% of FY 2024/2025 funding); e) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2024/2025, and a numbered original invoice on or before February 15, 2025 (20% of FY 2024/2025 funding); f) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2025/2026 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2025 (20% of FY 2025/2026 funding); g) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2024/25, and a numbered original invoice on or before May 15, 2025 (20% of FY 2025/2026 funding); h) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2025/2026, and a numbered original invoice on or before August 15, 2025 (20% of FY 2025/2026 funding); i) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2025/2026 and a numbered original invoice on or before November 15, 2025 (20% of FY 2025/2026 funding); j) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2025/2026, and a numbered original invoice on or before February 15, 2026 (20% of FY 2025/2026 funding); k) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2026/2027 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2026 (20% of FY 2026/2027 funding); l) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2025/2026, and a numbered original invoice on or before May 15, 2026 (20% of FY 2026/2027 funding); m) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2026/2027, and a numbered original invoice on or before August 15, 2026 (20% of FY 2026/2027 funding); n) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2026/2027, and a numbered original invoice on or before November 15, 2026 (20% of FY 2026/2027 funding); o) Destination BC will provide a Financial Contribution of $250,200 231,000 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY2026/2027 and a numbered original invoice on or before February 15, 2027 (20% of FY 2026/2027 funding);

Appears in 1 contract

Sources: Shared Cost Arrangement

Financial Contribution. 1.01 During the Renewal Term, Destination BC will provide a Financial Contribution to the Recipient for its provision of the Services of up to $3,753,000 2,272,000 exclusive of all applicable taxes, being the maximum amount of the Eligible Expenses (as defined below), in accordance with the remainder of this Schedule “B” – Renewal Term. 1.02 Destination BC will provide the Financial Contribution to the Recipient within 30 days following Destination BC’s receipt and, as applicable, approval of the documentation specified below, as follows: a) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2024/2025 Regional Operations Plan and Budget, and a numbered original invoice on or after April 1, 2024 (20% of FY 2024/2025 funding); b) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2023/2024, and a numbered original invoice on or before May 15, 2024 (20% of FY 2024/2025 funding); c) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2024/2025, and a numbered original invoice on or before August 15, 2024 (20% of FY 2024/2025 funding); d) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2024/2025 and a numbered original invoice on or before November 15, 2024 (20% of FY 2024/2025 funding); e) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2024/2025, and a numbered original invoice on or before February 15, 2025 (20% of FY 2024/2025 funding); f) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2025/2026 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2025 (20% of FY 2025/2026 funding); g) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2024/25, and a numbered original invoice on or before May 15, 2025 (20% of FY 2025/2026 funding); h) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2025/2026, and a numbered original invoice on or before August 15, 2025 (20% of FY 2025/2026 funding); i) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2025/2026 and a numbered original invoice on or before November 15, 2025 (20% of FY 2025/2026 funding); j) Destination BC will provide a Financial Contribution of $250,200 227,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2025/2026, and a numbered original invoice on or before February 15, 2026 (20% of FY 2025/2026 funding); k) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2026/2027 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2026 (20% of FY 2026/2027 funding); l) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2025/2026, and a numbered original invoice on or before May 15, 2026 (20% of FY 2026/2027 funding); m) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2026/2027, and a numbered original invoice on or before August 15, 2026 (20% of FY 2026/2027 funding); n) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2026/2027, and a numbered original invoice on or before November 15, 2026 (20% of FY 2026/2027 funding); o) Destination BC will provide a Financial Contribution of $250,200 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY2026/2027 and a numbered original invoice on or before February 15, 2027 (20% of FY 2026/2027 funding);

Appears in 1 contract

Sources: Modification Agreement

Financial Contribution. 1.01 Destination BC will provide a Financial Contribution to the Recipient for its provision of the Services of up to $3,753,000 3,276,000 exclusive of all applicable taxes, being the maximum amount of the Eligible Expenses (as defined below), in accordance with the remainder of this Schedule “B”. 1.02 Destination BC will provide the Financial Contribution to the Recipient within 30 days following Destination BC’s receipt and, as applicable, approval of the documentation specified below, as follows: a) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2024/2025 Regional Operations Plan and Budget, and a numbered original invoice on or after April 1, 2024 (20% of FY 2024/2025 funding); b) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2023/2024, and a numbered original invoice on or before May 15, 2024 (20% of FY 2024/2025 funding); c) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2024/2025, and a numbered original invoice on or before August 15, 2024 (20% of FY 2024/2025 funding); d) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2024/2025 and a numbered original invoice on or before November 15, 2024 (20% of FY 2024/2025 funding); e) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2024/2025, and a numbered original invoice on or before February 15, 2025 (20% of FY 2024/2025 funding); f) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2025/2026 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2025 (20% of FY 2025/2026 funding); g) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2024/25, and a numbered original invoice on or before May 15, 2025 (20% of FY 2025/2026 funding); h) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2025/2026, and a numbered original invoice on or before August 15, 2025 (20% of FY 2025/2026 funding); i) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2025/2026 and a numbered original invoice on or before November 15, 2025 (20% of FY 2025/2026 funding); j) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY 2025/2026, and a numbered original invoice on or before February 15, 2026 (20% of FY 2025/2026 funding); k) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the approved FY 2026/2027 Regional Operations Plan and Budget, and a numbered original invoice on or before April 1, 2026 (20% of FY 2026/2027 funding); l) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Year-End Regional Performance Report for FY 2025/2026, and a numbered original invoice on or before May 15, 2026 (20% of FY 2026/2027 funding); m) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 1 - FY 2026/2027, and a numbered original invoice on or before August 15, 2026 (20% of FY 2026/2027 funding); n) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 2 - FY 2026/2027, and a numbered original invoice on or before November 15, 2026 (20% of FY 2026/2027 funding); o) Destination BC will provide a Financial Contribution of $250,200 218,400 to the Recipient upon Destination BC’s receipt and approval of the Quarterly Regional Performance Report for Quarter 3 - FY2026/2027 and a numbered original invoice on or before February 15, 2027 (20% of FY 2026/2027 funding);

Appears in 1 contract

Sources: Shared Cost Arrangement