Multi-Year Projects Sample Clauses
Multi-Year Projects. A Project may be implemented over multiple years and may be financed by the Municipality’s allocation of the Opportunity Fund in the year of Project approval and by the Municipality’s anticipated allocation of the Opportunity Fund in future years. However, District approval of a Project shall not be construed as nor constitute a District obligation or commitment to authorize a property tax levy or set aside a portion of a property tax levy for the Opportunity Fund in calendar years beyond the year in which a Project is approved.
Multi-Year Projects. If the Project spans or shall span over multiple Project Years, the Ministry shall pay Grant funding to the Recipient for each Project Year as set out in the Project Plan; subject to:
(a) the Ministry being satisfied in all respects with the Recipient’s use of the Grant funding for the previous Project Year;
(b) the Recipient not having breached this Deed;
(c) the agreement of an Annual Project Plan Update pursuant to clause 2.3 below for the relevant Project Year which is acceptable to the Ministry; and
(d) the availability of funds, or reductions, in the Fund due to changes in the levy prescribed under, or other relevant amendments to, the Waste Minimisation Act 2008 and associated Regulations, changes in waste disposal patterns, or directives of the New Zealand Government.
Multi-Year Projects. If the Project spans or shall span over multiple Project Years, the following terms shall apply.
(a) The Ministry shall, subject to clauses 5.1(c) and 5.1(d), pay Grant funding to the Recipient for each Project Year for the amount that is the lesser of:
i. the total amount set out in the Milestone table in the Project Plan for that Project Year; or
ii. the percentage of the actual total cost of the Project payable from the Fund assessed over the duration of that Project Year, as specified in the relevant Milestone table (if any); or
iii. an amount equal to the difference between the actual total cost of the Project for that Project Year and the total value (assessed by the Ministry) of any type of contribution to the Project by the Recipient and/or from any other source.
(b) If this Deed provides for a multi-year Project then any funding under this Deed in respect of each subsequent Project Year shall be subject to:
i. the Ministry being satisfied in all respects with the Recipient’s use of the Grant funding for the previous Project Year;
ii. the Recipient not having been in breach of this Deed;
iii. the agreement of Deliverables for the relevant Project Year which are acceptable to the Ministry; and
iv. the availability of funds, or reductions, in the Fund due to changes in the levy prescribed under, or other relevant amendments of, the Waste Minimisation Act 2008 and associated Regulations, changes in waste disposal patterns, or directives of the New Zealand Government.
(c) In the event that any of the above conditions have not been satisfied then the Ministry may immediately terminate this Deed by notice in writing to the Recipient and will be under no obligation to pay any further funding in relation to the Project.
(d) Where the Milestones and Deliverables for an upcoming Project Year are yet to be agreed then, subject to the above conditions being satisfied and prior to the commencement of the relevant Project Year, the Parties shall agree the Milestones, Deliverables in accordance with the process detailed in clause 5.2 below (Annual Project Plan Update).
Multi-Year Projects. The District shall provide Funds for the budget year in which this Agreement is executed, and anticipates providing funds for subsequent budget years, if the Project description provides for construction and installation over multiple years. If the Project description provides for construction and installation over multiple years, the District’s obligation to provide Funds for subsequent budget years is conditioned upon appropriation of Funds by the Board in subsequent budget years. If the Board fails to appropriate Funds for any subsequent budget year, this Agreement shall terminate automatically thirty (30) days after the close of the current budget year, which ends December 31 of each year.
Multi-Year Projects. If the Project spans or shall span over multiple Financial Years, the terms in Schedule 5 (Multiyear Projects) shall apply.