Underspend definition
Underspend has the meaning given to it in paragraph 3.4 of Part 2 (Miscellaneous Provisions) of Schedule 6.1 (Committed Obligations and Related Provisions);
Underspend means any expenditure from the Pooled Fund in a Financial Year which is less than the aggregate value of the Financial Contributions for that Financial Year.
Underspend means the difference between Your actual calendar monthly spend and Your minimum calendar monthly Package Threshold.
Examples of Underspend in a sentence
Each Partner shall keep the other Partner and the Partnership Board regularly informed of the effectiveness of the arrangements including the Better Care Fund and any Overspend or Underspend in a Pooled Fund or Non-Pooled Fund.
More Definitions of Underspend
Underspend means the amount calculated by deducting the actual cash costs of developing the Development Deliverables from the Budgeted Cash Costs provided that such sum shall not be less than 0.
Underspend occurs where, at the end of the Term the Purchaser Budget is less than the Purchaser Commitment;
Underspend. If any part of the grant remains unspent by the end-date specified in the ‘grant offer letter’, you should ensure that unspent funds are returned to HIWCF within four weeks of this date. Please do contact us as soon as you think an underspend may occur.
Underspend means any CEPI funding paid to the Partner for a given Work Package/Additional Work Package that is unspent (as reflected by the Partner’s actual expenditure in the Partner’s Financial Summary and Reporting Form) following completion of the work specified in a Work Package Statement/Additional Work Package Statement or at the date of termination of expiration of this Agreement;
Underspend means any expenditure from a Pooled Fund or Non Pooled Fund in respect of an Individual Scheme in a Financial Year which is less than the Financial Contributions allocated to that Individual Scheme for that Financial Year VCSA: is the Voluntary and Community Sector Assembly and is a membership organisation that acts as the voice of the VCSE sector in Shropshire, and supports partnership working between the statutory and community sectors Working Day means 8.00am to 6.00pm on any day except Saturday, Sunday, Christmas Day, Good Friday or a day which is a bank holiday (in England) under the Banking & Financial Dealings Act 1971.
Underspend shall have the meaning given to such term in paragraph 8.1 of Part 2 to Schedule 6.1 (Committed Obligations);
Underspend means a reduction to the total Project Allocation required by a Project.