Collection of Funds; Expense Allocation Sample Clauses

Collection of Funds; Expense Allocation. The amounts set forth in the Contributions Table shall be paid by the Parties to the OFA in the amounts set forth in the Contributions Table on or before the dates set by the Governing Board. Such amounts shall be deposited in a separate account managed by the OFA and owned by one of the Parties for the benefit of the Consortium (the “Consortium Account”) to be disbursed as directed by the OFA acting in accordance with instructions from the Joint Governing Board. In addition to collecting such amounts, the OFA may invoice the parties for their Pro Rata Share (as defined below) of any reasonable out of pocket expenses incurred by the OFA in performing its duties, including but not limited to postage, copying and office supplies; provided, however, that the aggregate amount so charged the Parties during an Agreement Year shall not exceed ten percent (10%) of the total amount of the Start-up Costs of the Consortium. Such invoices shall be paid within sixty (60) days of billing. The “Pro Rata Share” for each Party shall be an amount equal to the amount shown for Start- up Costs for such Party in the Contributions Table divided by the total amount of Start-up Costs for all of the Parties (including Additional Parties, if any) or as otherwise agreed to by all of the then Parties.
Sample 1
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Related to Collection of Funds; Expense Allocation

  • Allocation of Funds AMO will allocate and transfer Funds on the basis of the formula determined by Ontario.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • NOTICE OF SUPPLEMENTAL ALLOCATION OF FUNDS By the signature below, the City Controller certifies that, upon the request of the Director, the supplemental sum set out below has been allocated for the purposes of the Agreement out of funds appropriated for this purpose by the City Council of the City of Houston. This Supplemental Allocation has been charged to such appropriation. $

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

  • Allocation of Financing Amounts The Financing shall be withdrawn in a single tranche. The allocation of the amounts of the Financing to this end is set out in the table below: Allocations Amount of the Financing Allocated (expressed in SDR) Single Tranche 33,600,000 TOTAL AMOUNT 33,600,000

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Termination for Non-Allocation of Funds 4.17.2 Renegotiate the Contract under the revised funding conditions; or

  • Allocation of Overtime Subject to the operational requirements of the service, the Employer shall make every reasonable effort:

  • Allocation and Reallocation Allocation and reallocation are the assignment or reassignment, respectively, of a classification to the appropriate grade in the compensation plan.

  • Reallocation of Funds COUNTY reserves the right to reallocate the available program funds to other service areas based on CONTRACTOR performance or client demand.

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