Leveraged Funding Arrangement Sample Clauses

Leveraged Funding Arrangement. Upon interviewing a candidate and proceeding to offer a position, an offer will be prepared with the inclusion of a startup package. The standard startup package, typically from University resources, designed to provide the new faculty member with funds to jumpstart their research program. Specifically for this NRC proposal the College of Engineering at NC State University and the Department of Nuclear Engineering will jointly match in three years of additional NRC funds for the benefit of the selected faculty members. This commitment of resources is in addition to the standard startup package. It at least includes support for one graduate student for three years on top of the standard two-students for two years arrangement. Additional funds will be provided towards the infrastructure needs to equip the labs or computational needs. This match substantially increases the total amount of funding available to the new faculty members to enhance their ability to rapidly and effectively initiate their research program and setting up the necessary infrastructure and their labs, and helps them attracting further research funds and establish technical reputation thereby improving the chance of retaining them in academia serving the nuclear engineering educational needs of the nation. The amount of leveraged funding is at the maximum permitted by this funding opportunity and is in addition to the amount normally invested by the University in the form of startup package.
Sample 1
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Leveraged Funding Arrangement. Upon interviewing a candidate and proceeding to offer a position, an offer will be prepared with the inclusion of a startup package. The standard startup package, typically from University resources, designed to provide the new faculty member with funds to jumpstart their research program. Specifically for this NRC proposal the College of Engineering at NC State University and the Department of Nuclear Engineering will jointly match $150K in three years of additional NRC funds for the benefit of the selected faculty member(s). This commitment of resources is in addition to the standard startup package. At least it includes support for one graduate student for three years that is on top of the standard two-students for two years arrangement. Additional funds will be provided towards the infrastructure needed by the faculty to equip their lab or computational need in their respective area of expertise. The end result of this match is to substantially increase the total amount of funding available to the new faculty member(s) to enhance their ability to rapidly and effectively initiate their research plans by hiring the needed graduate students and setting up the necessary infrastructure. This will help them attract further research funds and establish their technical reputation thereby improving the chance of retaining them in academia serving the nuclear engineering educational needs of the nation. The amount of leveraged funding is at the maximum permitted by this funding opportunity and is in addition to the amount normally invested by the University in the form of startup package for newly hired faculty. ATTACHMENT C – STANDARD TERMS AND CONDITIONS The Nuclear Regulatory Commission’s Standard Terms and Conditions for U.S. Nongovernmental Recipients Preface This award is based on the application submitted to, and as approved by, the Nuclear Regulatory Commission (NRC) under the authorization 42 U.S.C. § 2051(b), pursuant to section 31b and 141b of the Atomic Energy Act of 1954, as amended, and is subject to the terms and conditions incorporated either directly or by reference in the grant or cooperative agreement. The following also apply: • Restrictions on the expenditure of Federal funds in appropriation acts, to the extent those restrictions are pertinent to the award. • Code of Federal Regulations/Regulatory Requirements – 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Any inconsistency ...
Sample 1

Related to Leveraged Funding Arrangement

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  • Fiscal Funding Notwithstanding any other provision of this agreement, the parties hereto agree that the charges hereunder are payable to the Contractor by the District solely from appropriations received by District. In the event such appropriations are determined by the Chief Financial Officer/Comptroller of the District to no longer exist or to be insufficient with respect to the charges payable hereunder, this Agreement shall immediately terminate without further obligation to the District upon notice that such appropriations no longer exist and are insufficient. If this Agreement is so terminated, then the District shall only pay Contractor for goods and/or services provided by Contractor and accepted by the District up to, through, and including the date of termination. Following the termination of this Agreement under this Section, the parties’ duties to one another shall cease except for those obligations that shall survive the termination of this Agreement, including, but not limited to, the District’s payment obligations for goods and/or services accepted by the District before the date of termination, and the Contractor’s duties to insure and/or indemnify the District and to cooperate with any audit. Termination of this Agreement pursuant to this Section shall not limit either of the parties’ remedies for any breach of this Agreement.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

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  • Banking Arrangements The banking business of the Corporation including, without limitation, the borrowing of money and the giving of security therefor, shall be transacted with such banks, trust companies or other bodies corporate or organizations as may from time to time be authorized by the board. Such banking business or any part thereof shall be transacted under such agreements, instructions and delegations of powers as the board may from time to time prescribe or authorize.

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Premium Finance In arranging premium finance, we act as a credit broker to provide you with a premium finance facility which is designed solely for the purposes of facilitating a loan for repayment of insurance premiums. We will only provide you with information about this payment option on a non-advised basis from which you will need to make your own decision as to the suitability of this facility and whether you wish to proceed. Where we arrange premium finance on your behalf, we are remunerated for our assistance in putting this financing in place. We can provide details of our remuneration on request. When arranging premium finance your premium finance provider may undertake an enquiry with credit reference agencies who will add details of the search and the application to their record about you, whether or not the application proceeds. Further details will be provided when an application for finance is made. Insurers own credit facilities may also be available if appropriate. Where you pay your premium by instalments and use a premium finance provider, if any direct debit or other payment due in respect of the credit agreement you enter into to pay insurance premiums is not met when presented for payment or if you end the credit agreement we will be informed of such events by your premium finance provider. If you do not make other arrangements with us or your premium finance provider to pay the insurance premiums you acknowledge and agree that we may, at any time after being so informed, instruct on your behalf the relevant insurer to cancel the insurance (or, if this occurs shortly after the start or renewal of the insurance, to notify the insurer that the policy has not been taken up) and to collect any refund of premiums which may be made by the insurer. If any money is owed to the premium finance provider under your credit agreement or if they have debited us with the amount outstanding, we will use any refund received to offset our costs. You will be responsible for paying any remaining time on risk charge and putting in place any alternative insurance and / or payment agreements you need. You also agree that we may hold to the order of the premium finance provider any claims monies due to you in the event that you are in default of your credit agreement.

  • Financial Commitment 4.1. The cost associated with the representative season (refer representative season handbook) MUST be paid with the signing of this agreement.

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