Funding Structure Sample Clauses
The Funding Structure clause defines how financial resources will be provided, managed, and distributed under an agreement. It typically outlines the sources of funding, the schedule or milestones for disbursement, and any conditions or requirements that must be met before funds are released. For example, it may specify that payments are made in installments upon completion of certain project phases or upon submission of specific deliverables. This clause ensures transparency and predictability in financial arrangements, helping both parties understand their obligations and reducing the risk of disputes over payment.
Funding Structure. Cash and Grocery Cards (as applicable)
Funding Structure. Unless otherwise agreed by the Shareholder Groups, equity contributions will be made by the Parties in accordance with their respective shareholdings in the Corporation. The Parties will co-operate to make such changes to the structure (but not the monetary amounts) as may be reasonably required to accommodate relevant accounting, tax planning and operational considerations with respect to the Boleo Project.
Funding Structure. Each PARTNER is suggested to contribute annually in accordance with the following funding structure. County or SWCD (Population > 100,000): $16,300/year County or SWCD (Population < 100,000): $8,000/year County or SWCD partially within the Lower St. Croix watershed: $1,600/year Small Watershed Districts (Taxable Market Value < $1 Billion): $16,000/year Medium Watershed Districts (TMV $1-5 Billion): $24,500/year Large Watershed Districts (TMV >$5 Billion): $32,000/year Watershed Management Organizations and Lake Improvement Districts: $8,000/year Large MS4 Cities (Population > 5,000): $3,500/year Small MS4 Cities (Population < 5,000): $900/year An annual COLA/inflation adjustment of 4% will be added for year 2 and year 3 of the agreement. In-kind matches from existing educational staff from within partner organizations are also encouraged. The WCD shall provide $16,172.82 of in-kind match to the program per year. As shown in Exhibit B, PARTNER contributions will be reviewed and adjusted on an annual basis, as needed.
Funding Structure. The Parties will cooperate to make the funding structure as may be reasonably required to accommodate relevant accounting, tax planning and operational considerations with respect to the Diablillos Project.
Funding Structure. Phase Budget Source
Funding Structure. In 2018, SECCCA reviewed its funding structure. It was agreed changing from a structure which relied on grants to underpin staffing and operational costs, to a model in which membership fees covered these costs was the best, long term financial management approach. Current expenditure: • Staffing 1 EFT (permanent) and 0.9 EFT (contract) • Staff are equipped with mobile phones and laptops to facilitate flexible working arrangements The agreed 2019/2020 membership fee is $31,500 for each of the nine Council members. The new membership fee structure will be as follows 2020/21 ‐ $36,500 2021/22 ‐ $37,415 2022/23 ‐ $38,350 2023/24 ‐ $39,690 Baw Baw Shire Council and Bass Coast Shire Council will receive a 10% discount recognising their resource constraints from 2020/21 In reviewing the financial structure members had significant discussions about revenue generation and the potential for projects to make a profit. The potential for any one project to create revenue will be fully explored, with detailed business plans created for each project. It is anticipated these business plans will include the potential for the project to have broad market appeal; appropriate pricing structure; the potential for a profit margin; and detail examination of project costs. However, forecasting and basing financial decisions around what at this stage are unknowns is not acceptable financial management. Thus, membership fees will cover operating costs (staffing, operational and organisational costs) and projects will be, at the very least, revenue neutral. Non‐member Council can participate in SECCCA projects, however they are charged a 20% premium.
Funding Structure. All Project development costs payable by the Parties as set forth above shall be paid to MPAL Old or MPAL New in a timely manner and be structured to achieve tax efficiencies and to ensure that no owner of a Stage Interest shall have any commercial, legal or structural advantage over the owner of another Stage Interest with respect to its rights to receive payment or repayment of such funding.
Funding Structure. A copy of the Funding Structure is attached hereto as Schedule A and incorporated herein by reference. Payment as set forth in the Funding Structure shall constitute full payment for the performance of the Research Activities.