Deficit Financing Sample Clauses

Deficit Financing. The school corporation will not enter into a contract agreement that would place the district in a position of deficit financing due to a reduction in General Fund revenue or an increase in expenditures when expenditures exceed the current year actual General Fund revenue (IC 20-29-6-3).
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Deficit Financing unless the Board has specifically authorized such procedure, under no circumstances shall the Manager advance funds to the Corporation on a temporary loan basis whether interest is charged to the Corporation or not in the event of a cash deficit occurring in the Corporation’s current account. The Manager shall notify the Board of any anticipated cash deficit and the Board shall take immediate steps to obtain the necessary funds to cover any such deficit pursuant to the By-Laws of the Corporation by either the levying of a special assessment, the delivery of a revised budget, or the exercise of its borrowing authority on behalf of the Corporation.
Sample 1
Deficit Financing a budget year’s actual expenditures exceeding the employer’s current year actual general fund revenue IC 20-29-6. The time frame for deficit financing should be analyzed using a fiscal year which is consistent with a contract term, which cannot extend past the state budget biennium. The equation is as follows DOE Certification plus miscellaneous revenue minus non-bargaining unit costs/operating expenses equals money available for the total package of the bargaining unit. Total Package – includes but not limited to Salary, FICA, TERF, 401a, Health Insurance Plan, Life Insurance, Long Term Disability, Extra-Duty Costs, Leave Costs, and Retirement. Stipend – one-time payment of a fixed sum of money.
Sample 1

Related to Deficit Financing

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Equity Financing If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 1(a):

  • Third Party Financing If Product acquisitions are financed through any third party financing, Contractor may be required as a condition of Contract Award to agree to the terms and conditions of a “Consent & Acknowledgment Agreement” in a form acceptable to the Commissioner.

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

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