The Monetary Contribution Clause Samples

The Monetary Contribution clause defines the financial amount or payment that one party is required to provide under the agreement. Typically, it specifies the sum, payment schedule, and any conditions or milestones that trigger payment obligations. This clause ensures that both parties are clear on the financial commitments involved, reducing the risk of disputes over payment terms and helping to allocate financial responsibility within the contract.
The Monetary Contribution. (a) The Company must pay to the Council the Monetary Contribution in arrears within 14 days of 1 July of each year for each turbine which was an Intended Turbine or an Operating Turbine (as applicable) during the preceding Contribution Year. (b) The parties agree that the Monetary Contribution will be reviewed on 1 July of each year in accordance with the following formula: MC = A x B Where: MC = the Monetary Contribution payable for the following Contribution Year; A = the Monetary Contribution payable during the Contribution Year just ended; B = the Index Number last published before the end of the Contribution Year just ended; and C = the Index Number last published before the commencement of the Contribution Year just ended. (c) The monetary contribution is a taxable supply for GST in accordance with Clause 12.
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The Monetary Contribution. (a) The Company must account to the Council for the Monetary Contribution by: (1) paying Council’s part of the Monetary Contribution in advance to Council within 20 business days of the Company’s receipt of the Council Funding Notice in each Contribution Year following the Commissioning Milestone. Council’s part of the Monetary Contribution shall be:
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The Monetary Contribution. (a) The Company must pay the Monetary Contribution to the Council during each Contribution Year until the last wind turbine is Decommissioned. (b) The Monetary Contribution is payable in arrears within 14 days from the last day of the preceding Contribution Year (i.e. the annual payment must be made by 15 July).
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The Monetary Contribution. (a) The Company must pay to the Council the Monetary Contribution for the current year of funding by the later of 21 July of each year or within 21 days of the Council providing a tax invoice to the Company for the Monetary Contribution.. (b) The parties agree that the Monetary Contribution will be reviewed on 1 July of each year, in accordance with the following formula: MC = A x B C Where: MC = the Monetary Contribution payable for the current year; A = the amount of $2,500 per turbine installed at the development which has not been through Decommissioning; B = the Index Number last published on 1 July of the current year; and C = the Index Number published for the September 2010 quarter. (c) The monetary contribution is a taxable supply for GST in accordance with Clause 12.
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The Monetary Contribution. (a) The Company must pay to the Council the Monetary Contribution for each wind turbine which was an Operating Turbine at any time during the Contribution Year. (b) The Monetary Contribution is payable in arrears within 14 days f rom the last day of the preceding Contribution Year (i.e. the annual payment must be made by 15 July). (c) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council. (d) The Monetary Contribution will be taken to have been made when the Council receives the full, cleared amount of the contribution by bank cheque or by electronic funds transfer to the Council’s bank account. (e) The amount of the Monetary Contribution will be reviewed and adjusted on each anniversary of the First Contribution Payment Date in accordance with the following formula: MC = A x B Where: MC = the Monetary Contribution payable for the next Contribution Year; A = the Monetary Contribution payable during the Contribution Year just ended; B = the CPI last published before the end of the Contribution Year just ended; and C = the CPI last published before the commencement of the Contribution Year just ended.
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The Monetary Contribution. (a) The Company must pay to the Council the Monetary Contribution in arrears within 14 days of 1 July of each year for each Committed Turbine to be Constructed during the preceding Contribution Year. (b) The Company must pay to the Council the Monetary Contribution in arrears within 14 days of 1 July of each year for each turbine which was an Operating Turbine during the preceding Contribution Year. (c) The parties agree that the Monetary Contribution will be reviewed on 1 July of each year in accordance with the following formula: MC = A x B Where: MC = the Monetary Contribution payable for the following Contribution Year; A = the Monetary Contribution payable during the Contribution Year just ended; B = the Index Number last published before the end of the Contribution Year just ended; and C = the Index Number last published before the commencement of the Contribution Year just ended.
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The Monetary Contribution. (a) The Company must pay to the Council the Monetary Contribution in arrears within 14 days of 1 July of each year for each turbine which was an Operating Turbine during the preceding Contribution Year. The monetary contribution for year one of operation shall be $100,000 [indexed annually in accordance with clause 5.1(b)] and for subsequent years of operation the annual contribution shall be $40,000 [indexed annually in accordance with clause 5.1(b)]. (b) The parties agree that the Monetary Contribution will be reviewed on 1 July of each year in accordance with the following formula: MC = A x B Where: MC = the Monetary Contribution payable for the following Contribution Year; A = the Monetary Contribution payable during the Contribution Year just ended; B = the Index Number last published before the end of the Contribution Year just ended; and C = the Index Number last published before the commencement of the Contribution Year just ended. (c) The monetary contribution is a taxable supply for GST in accordance with Clause 12.
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Related to The Monetary Contribution

  • Voluntary Contributions Subrecipient must assure that voluntary contributions shall be allowed and may be solicited in accordance with the following requirements [OAA § 315(b)]: 1. The Subrecipient or any subcontractors for any Title III or Title VII-A services shall not use means tests. 2. Any Title III or Title VII-A client that does not contribute toward the cost of the services received shall not be denied services. 3. Methods used to solicit voluntary contributions for Title III and Title VII-A services shall be non-coercive. 4. Each service provider will: a) Provide each recipient with an opportunity to voluntarily contribute to the cost of the service. b) Clearly inform each recipient that there is no obligation to contribute and that the contribution is purely voluntary. c) Protect the privacy and confidentiality of each recipient with respect to the recipient’s contribution or lack of contribution; and d) Establish appropriate procedures to safeguard and account for all contributions. e) Use all collected contributions to expand the services for which the contributions were given and to supplement (not supplant) funds received under this program.

  • Member Contributions Each Member and the Manager further acknowledges that it may contribute ideas, knowledge, know-how and, potentially, Confidential Information of such disclosing Member or the Manager to the Company, the employees, agents or contractors of the Company. Each disclosing Member or the Manager shall retain ownership of such Confidential Information but grants to only the Company, not to the individual(s) to whom the information was disclosed in his/her respective personal capacity(ies), the limited right to use such Confidential Information solely and exclusively for the benefit of the Company, and not any individual Member other than the disclosing Member; and each Member and the Manager other than the discloser promises and agrees to not use Confidential Information of a disclosing Member or the Manager for any purpose whatsoever except in connection with the Company and except with the written consent of both the disclosing Member and the Company. For purposes of this Section X, all references to the Company shall include its Affiliates.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.