Budget Cycle definition
Examples of Budget Cycle in a sentence
The Parties shall instruct the Finance Administrator to invoice each Party its Initial Funding Amount for the Budget Cycle within seven (7) calendar days of the Effective Date.
At any time during the Term, if a Party or the Finance Administrator believes that additional funds in excess of the Total Initial Funding Amount are necessary to fund NorthernGrid’s regional planning activities for the Budget Cycle, it may provide notice to the other Parties and the Finance Administrator.
If at least seventy-five percent (75%) of the Parties agree that additional funds above the Initial Funding Amount are necessary to fund NorthernGrid’s regional planning activities for the Budget Cycle, the Parties shall instruct the Finance Administrator to invoice all Parties for their respective Contingency Allocated Share of any such additional amounts, up to the Total Contingency Funding Amount.
If a Party does not provide notice of its election pursuant to options (a) or (b) of this Section 6.3 to the Finance Administrator prior to the end of the Budget Cycle, that Party’s share of unused and unobligated NorthernGrid Funds shall be rolled over to the subsequent NorthernGrid budget cycle.
At the end of the Budget Cycle, if any NorthernGrid Funds remain and are not otherwise obligated for NorthernGrid expenses, each Party may elect whether its share (a) shall be rolled over to the subsequent NorthernGrid budget cycle and credited to that Party, or (b) shall be refunded to that Party.
For clarity, the fees on Statement of Work shall be and remain in effect for the duration of the Term, provided that if Dyax terminates its agreement with either of US Bio’s Affiliates, Integrated Commercialization Solutions, Inc.
The Work Programme and Budget for all Contract Years shall be developed by reference to the Base Work Programme and Budget Cycle, as adjusted to reflect any Variation implemented in accordance with this Agreement.
Yes Accrual/Cash Basis Modified Accrual Basis (page 26 [32 of PDF]) Budget Cycle Budget process starts in Jan, due in March.
The Parties have agreed a generic work programme and preliminary budget for three (3) Contract Years representing the full anticipated maintenance cycle of the FLNG Facility ("Base Work Programme and Budget Cycle"), as set out in Schedule 18 (Base Work Programme and Budget Cycle).
The Work Programme and Budget for the first Contract Year shall be based on the Base Work Programme and Budget Cycle in Schedule 18 (Base Work Programme and Budget Cycle) taking into account Lessee provided services.