Financial Structure. The parties agree to establish an Integrated Fund for the purposes of increasing the flexibility of funding sources. The Integrated Fund will be used to support services and operations of the Collaborative. The parties agree that the Integrated Fund shall be under the control of the Policy Committee and shall be administered by the Fiscal Agent consistent with the provisions of this Agreement, the requirements of federal and state laws, and the policies and procedures of the Fiscal Agent. The Fiscal Agent shall be authorized to make payments upon approval of the Policy Committee. The Contributions to the Integrated Fund are to be made at a rate loosely proportional to the area included in the watershed. Assuming all parties remain engaged, the proportional amounts are as follows: Tier 1: 66% (11% per entity listed) Xxxxxx County Xxxxxx Soil and Water Middle Fork Crow River Watershed North Fork Crow River Watershed Xxxxxx County Xxxxxx Soil and Water Tier 2: 24% (6% per entity listed) Kandiyohi County Kandiyohi Soil and Water Xxxxxxx County Xxxxxxx Soil and Water Tier 3: 10% (2.5% per entity listed) XxXxxx County XxXxxx Soil and Water Xxxx County Xxxx Soil and Water Party contributions per year, based upon the above tier structure, are as follows: 2020 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2021 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2022 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2023 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 The need for additional funds for the Integrated Fund will be evaluated by the Policy Committee following the first year of party contributions on a yearly basis. The recommendations of the Policy Committee regarding future contributions by the parties to the Integrated Fund shall be presented in a proposed resolution by each authorized representative to their respective governing board for consideration and approval for the following year or years. This procedure shall repeat as needed and recommended by the Policy Committee for future years.
Financial Structure. Except as otherwise authorized in this Agreement, Vendor shall operate the Dining Services Program on a profit and loss basis, whereby Vendor shall collect all Sales Revenue and pay all Vendor Paid Allowable Expenses. In the event that Vendor Paid Allowable Expenses, as defined in Section 11.1.1, exceed Sales Revenue, Vendor shall be responsible for the loss. In the event that Sales Revenue exceeds Vendor Paid Allowable Expenses, Vendor shall retain the surplus. The costs incurred in connection with the Dining Services Program will be categorized as follows:
Financial Structure. In accordance with that which is set forth in Section 9.6.3 of the Public Call, the Strategic Partner agrees to keep in its financial structure, for a period of 15 (fifteen) years from the date of signing of this Agreement, a debt level in which the total debt-to-equity ratio shall be less than or equal to 50% (fifty percent).
Financial Structure. Funding for five interns' salaries, the 40% Director of Training and 25% of the Administrative Coordinator's salary will be apportioned among the core and adjunct Saint Louis Psychology Internship Consortium facilities based on the number of interns they train during a training year. (For example, sites that train all five interns shall contribute 25% of the costs, sites that train three of the five interns would contribute 3/5 of 25% of the cost which is 15% of the total cost, sites that train one intern would contribute 1/5 of 25 % of the cost which is 5% of the total cost. For outpatient sites, the cost for the 2001- 2002 training year will be approximately $5600.00 subject to legislative approval.
Financial Structure. Samvera Partners (whether originating or new) are each individually responsible for their financial expenses; however, they intend to share certain common project costs, including code management and hosting of Samvera. As part of its planned review of the structure and operations, the Steering Group will provide a structure for such sharing of specific financial obligations and shall propose specific agreements from time-to-time to address those costs. However, the Steering Group does not have the authority to commit institutional resources of any of the Samvera Partners.
Financial Structure. 5.1 The costs of the CS to be provided by the Service Provider/Manager shall be calculated, established, and apportioned in accordance with the cost-sharing methodology set out in.
Financial Structure. The financial structure of the District, including all sources and amounts of financial support, income, funding, taxes, and debt, and all means and conditions necessary or incidental to the securing of same, including all sources and amounts of financial support, income, funding, taxes and debt, and all means and conditions necessary or incidental to the securing of same, including compliance with any qualifications or requirements imposed by law or by funding sources as a condition of receiving funds; all investment policies and practices; all budgetary matters and procedures, including the budget calendar, the budget formation process, accounting methods, fiscal and budget control policies and procedures, and all budgetary allocations, reserves, and expenditures apart from those expressly allocated to fund wage and benefit obligations of this agreement.
Financial Structure. Parent and Purchaser hereby represent ------------------- that all outstanding Indebtedness of the Company existing at the Effective Time shall be repaid immediately after the Effective Time to the extent required by the terms thereof and that no less than $300 million of the total financing currently expected to be approximately $635 million (based on the assumption that total Indebtedness less cash ("Net Debt") at the time Shares are to be -------- purchased in the Offer is not greater than $240 million) to be incurred in connection with the Transactions (the "Financing") will consist of equity contributed to North American Refractories Company or loans from Parent, provided that such loans from Parent are subordinate to the claims of all creditors of the Surviving Corporation and no such loans will be payable or guaranteed by the Company and its subsidiaries.
Financial Structure. Both the parties shall develop the financial structure of the project mutually. Enactus Aryabhatta will provide the entire funding of this project and all sorts of expenses are to covered by Enactus Aryabhatta. ETASHA Society and Enactus Aryabhatta will share profits in the ratio of 7:3, where 70% of profit will be given to the beneficiaries of ETASHA Society, and remaining 30% is retained by Enactus Aryabhatta for future expansion of the project. All payments to ETASHA Society and transfer of money shall be done on monthly basis.
Financial Structure. In terms of the section 9.6.3 of the Call, the Strategic Partner undertakes to maintain in its financial structure, during a term of 15 (fifteen) years counted Final Version Participation Agreement as of the execution hereof, a debt level in which the total debt/total assets ratio is less or equal to 50% (fifty percent)
