Management Grant Clause Samples
A Management Grant clause defines the authority and responsibilities granted to a management entity or individual within an organization or project. Typically, this clause outlines the specific powers, such as decision-making, operational control, or financial oversight, that are delegated to management. For example, it may specify the ability to enter into contracts, manage assets, or oversee daily operations on behalf of the owners or stakeholders. The core function of this clause is to clearly allocate managerial authority, ensuring that all parties understand who is empowered to act on behalf of the organization and under what circumstances, thereby reducing ambiguity and potential disputes.
Management Grant. Defined in Section 6.1.
Management Grant. City may annually advance “Small Business Enhancement Program” (“SBEP”) funds to Manager, in an amount determined by the City Representative, for general overhead expenses of managing the District (“Management Grant”). The amount of the annual Management Grant to be provided to Manager will be determined through a calculation annually performed by the City Representative, in the City Representative’s sole and absolute discretion, based on the number of businesses in the District registered with the City Treasurer for a City business tax certificate. Management Grant funds are typically disbursed to Manager during the first calendar quarter of the applicable Fiscal Year.
Management Grant. City may annually advance "Sma ll Business Enhancement Program" ("SBEP") funds to Manager, in an amount dete1mined by the City Representative, for general overhead expenses of managing the District ("Management Grant"). The amount of the annual Management Grant to be provided to Manager will be dete1mined through a calculation annually perfo1med by the City Representative, in the City Representative's sole and absolute discretion, based on the number of businesses in the District registered with the City Treasurer for a City business tax ce1tificate. Management Grant funds are typically disbursed to Manager during the first calendar quaiter of the applicable Fiscal Year.
Management Grant. Grant is payable to the Provider on a per-property basis according to the number of Approved Leasehold Properties. The per-property amount is determined according to either a three-step payment scale OR as otherwise determined by the Corporation. The three-step payment scale is structured as follows: ➢ $2,465 per annum for each Agreed Leasehold Property where the number of Agreed Leasehold Properties is 75 or less. ➢ $1,600 per annum for each Agreed Leasehold Property where the number of Agreed Leasehold Properties is greater than 75 and less than 155; or ➢ $1,500 per annum for each Agreed Leasehold Property where the number of Agreed Properties is 156 or more. Payment is made on a quarterly basis, payable in advance. There is no change to the per-property rate of payment if the number of Agreed Leasehold Properties increases above. or falls below a payment scale threshold during the course of the financial year.