Recurrent Expenditure definition

Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant
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Recurrent Expenditure clause 35;
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Recurrent Expenditure means any money spent on the establishment, conduct, administration and maintenance of an Academy which does not fall within Capital Expenditure.
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Examples of Recurrent Expenditure in a sentence

  • Non-Salary Expenses include all other Non-Salary Recurrent Expenditure covering resources, administration, operational expenses, utilities, repairs and maintenance.

  • Earmarked Annual Grant (“EAG”) may be paid by the Secretary of State to the Academy Trust in respect of either Recurrent Expenditure or Capital Expenditure for such specific purposes as may from time to time be agreed between the Secretary of State and the Academy Trust and as described in the relevant funding letter.

  • The Secretary of State shall pay separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”), Earmarked Annual Grant (“EAG”) and where appropriate Additional Funding under clause 56.

  • The Secretary of State shall pay grants towards Capital and Recurrent Expenditure for the Academy.

  • The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”).


More Definitions of Recurrent Expenditure

Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").
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Recurrent Expenditure means any money spent on the establishment, conduct, administration and maintenance of the Academy which does not fall within Capital Expenditure.
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Recurrent Expenditure clause 35; k) "Start-up Period" - clause 55;
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Recurrent Expenditure means normal overhead and administrative expenses and personnel cost including salaries, emoluments and other benefits of employees;
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Recurrent Expenditure clause 35; “Start-up Period” – clause 49; In this Agreement the following words and expressions shall have the following meanings:-
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Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within Capital Expenditure. The Secretary of State shall pay separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”), Earmarked Annual Grant (“EAG”) and where appropriate Additional Funding under clause 56.
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Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories
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