New Principles Clause Samples
New Principles. 1. Inter-annual fluctuations in the contribution of any one Party should be minimised.
2. The latest available scale of contributions, as used in the formula set out in paragraph A.2 above, will apply pro-rated in proportion to the time lapsed for the financial year in which any Party accedes to the Agreement during an intersessional period. In any subsequent years prior to the re- negotiation of the budget at the next Meeting of the Parties, the formula set out in Resolution 3.6 will apply to that Party.
New Principles. 1. The overall budget and Parties’ contributions should as a minimum achieve 0% real growth but preferably better whilst avoiding excessive fluctuations for individual Parties.
2. For the purposes of framing the budget, there will only be one ordinary session of the Meeting of the Parties or one meeting of the Advisory Committee budgeted for in any one financial year.