Common use of Pooled Fund Clause in Contracts

Pooled Fund. The Pooled Fund Manager shall ensure that any matters relating to the Pooled Fund, that might have a material effect on expenditure or income are identified and reported to the Joint Management Board no later than 1st October for the following financial year’s budget as specified in 9.1 These matters, together with the planning assumptions and proposed budget variations referred to above, are to be considered by the Joint Management Board 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.

Pooled Fund. The Pooled Fund Manager shall ensure that any matters relating to the Pooled Fund, that might have a material effect on expenditure or income are identified and reported to the Joint Management Board no later than 1st October for the following financial year’s budget as specified in Clause 9.1 These matters, together with the planning assumptions and proposed budget variations referred to above, are to be considered by the Joint Management Board 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.