Common use of Pooled Fund Clause in Contracts

Pooled Fund. The Pooled Fund Manager shall ensure that any matters relating to the Pooled Fund, which may have a material effect on expenditure or income are identified and reported to the MG no later than 31st December for the following financial year’s budget. These matters, together with the planning assumptions and proposed budget variations referred to in above, are to be considered by the MG in its approval by 28th February of the budget for the following financial year. As part of the annual budget setting process, the Partners shall ensure that their managers provide advice as necessary.

Appears in 2 contracts

Sources: Pooled Fund Agreement, Pooled Fund Agreement