Inadequate Funding Sample Clauses

Inadequate Funding. If adequate funds are not appropriated by the General Assembly to sustain this MOU, then the COM or the ATC may terminate the MOU by giving notice to the other party in writing at least 30 days in advance, or otherwise as promptly as possible before termination.
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Inadequate Funding. The minimum amount needed to fully endow the Fund shall be $20,000 (the “Minimum Funding Amount”). If, after a period of five (5) years from the date the Agreement was established, the amount credited to the Fund is less than the Minimum Funding Amount, the Foundation may elect, in its sole discretion, to either (i) treat the amount of contributions credited to the Fund as a restricted fund of the Foundation to benefit educational purposes of the Fraternity or (ii) add the Fund to the general funds of the Foundation.
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Inadequate Funding. Subject to the limitations in Section 24.15 of this Agreement, the Parties and Reclamation have committed to provide substantial resources to ensure the proper implementation of the BDCP and, through the Plan and this Agreement, have provided assurances that adequate funding for such purposes will be available and forthcoming. A Fish and Wildlife Agency determination that the BDCP is not being adequately funded shall require a demonstration that: 1) a funding shortfall exists; and 2) such shortfall either a) prevents a specific action or actions from being implemented in a timely manner, as defined by the rough proportionality criteria set out in Chapter 6, or b) prevents a specific action or actions from being properly and fully implemented, as described in the relevant provisions of the BDCP. In the event of a funding shortfall from the Authorized Entities, the Fish and Wildlife Agencies will evaluate the impact of the shortfall on Plan implementation and determine whether the funding deficiency should affect the scope or ongoing viability of the regulatory authorizations. The Plan and this Agreement contain provisions that provide for rough proportionality and that are intended to ensure there would be no mitigation debt in the event of inadequate funding. If circumstances warrant suspension or revocation of one or both of the Federal Permits (and/or invalidation of Reclamations’ Incidental Take Statement) USFWS and NMFS may proceed pursuant to procedures in Sections 22.1, 22.2 and 22.3 of this Agreement. If CDFW determines adequate funding is not being provided by the Authorized Entities, CDFW may suspend or revoke the State Permit, in whole or in part, pursuant to the procedures in Section 22.4 of this Agreement. If the Authorized Entities elect to institute measures to cure the funding shortfall, implementation of such measures shall begin no later than ninety (90) days from the date of the meeting with the Fish and Wildlife Agencies. In the event of a shortfall in State or federal funding, a Fish and Wildlife Agency(ies) shall not suspend or revoke the State and/or Federal Permits or invalidate Reclamation’s take statement if the shortfall in funding is determined to be likely to have no more than a minimal effect on the capacity of the Plan to advance the biological goals and objectives. The Parties have committed to provide substantial resources to ensure the proper implementation of the Plan. The Plan is designed to demonstrate that this funding ...
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Inadequate Funding. If, ___ years after the date of this agreement, the principal of the Fund is less than the minimum required as of the date of this agreement for the establishment of a named endowed fund, as determined by The New School in its sole discretion, the Fund shall be transferred to and merged with an endowment fund at the University whose purpose is in keeping with my special interest as evidenced by the purpose described above.
Sample 1
Inadequate Funding or [ ] N/A The amount needed to fully fund such an endowed fund shall be that amount required by the Charity on the date the first gift is received into the Fund. If, after the specified pledge period is ended, the value of the Fund is less than the minimum required by the Charity as of the date of this Agreement for the establishment and continuing support of the named fund, the Fund may be transferred to and merged with an existing endowment or other fund at the Charity approved by the Charity whose purpose will most nearly accomplish the Donor’s intention evidenced by the purpose described above.
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Related to Inadequate Funding

  • STATUTORY PENALTY FOR INADEQUATE QUALIFIED INVESTMENT Pursuant to Section 313.0275 of the TEXAS TAX CODE, in the event that the Applicant fails to make $10,000,000 of Qualified Investment, in whole or in part, during the Qualifying Time Period, the Applicant is liable to the State for a penalty. The amount of the penalty is the amount determined by: (i) multiplying the maintenance and operations tax rate of the school district for that tax year that the penalty is due by (ii) the amount obtained after subtracting (a) the Tax Limitation Amount identified in Section 2.4.B from (b) the Market Value of the property identified on the Appraisal District's records for the Tax Year the penalty is due. This penalty shall be paid on or before February 1 of the year following the expiration of the Qualifying Time Period and is subject to the delinquent penalty provisions of Section 33.01 of the TEXAS TAX CODE. The Comptroller may grant a waiver of this penalty in the event of Force Majeure which prevents compliance with this provision.

  • Negative Covenants of the Servicer From the Closing Date until the Collection Date:

  • Covenants of the Executive In consideration of the acknowledgments by the Executive, and in consideration of the compensation and benefits to be paid or provided to the Executive by the Employer, the Executive covenants that he will not, directly or indirectly:

  • Covenants of the Depositor The Depositor covenants and agrees with the Underwriters that:

  • Affirmative Covenants of the Servicer From the Closing Date until the Collection Date:

  • Protective Covenants In consideration of the Award granted under this Agreement, the Grantee covenants and agrees as follows (the “Protective Covenants”):

  • Breach by Resident Upon any breach by Resident of this Housing Agreement or a prior agreement between Resident and Owner or its affiliates, including community policies, Owner may without separate demand or notice except as provided by law, and in addition to other lawful remedies, do any one or more of the following: (i) collect any charge under this Housing Agreement or community policies, including reimbursement for costs of collection; (ii) terminate this Housing Agreement and/or Resident’s right to occupy the premises, and/or institute an action for eviction; (iii) sue to collect all past due charges and/or unpaid rent and other charges which become due through the End Date or until the bedroom space and all other bedroom spaces at the Property have been filled, with recovery by Owner of any discrepancy in rent rate and any expense incurred in obtaining the new resident contract; (iv) report any information to credit reporting agencies. Without limitation, Owner may terminate this Agreement for non-payment of rent or other charges, or upon any conduct by Resident that is prohibited by or in breach of this Agreement, or if, in the reasonable judgment of Owner, continued residency will or may be detrimental to the educational process or the health, safety and/or welfare of the other residents of the Property or any of the Property’s personnel. Upon any termination as described in this paragraph, Resident: (a) must fully vacate the bedroom space and apartment (including removing all personal belongings) within the time provided in the written notice given by Owner, and will have no further use of or access to the Property, the assigned apartment or bedroom space; and

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