Risk Sharing Arrangements Sample Clauses

Risk Sharing Arrangements. The County Council is the host for the operation of this agreement and will appoint a Pooled Fund Manager with responsibility for the management of the Pooled Fund, subject to the governance arrangements set out in Schedule 4 to this agreement. The Pooled Fund is comprised of contributions from the Partners and forms a single fund. The Pooled Fund is to be used solely to achieve the ODP set out in Schedule 1 to this agreement. The budget amounts contributed by the Partners to the Pooled Fund are set out further below. The Pooled Fund Manager shall report every six weeks to the MG with the latest month end monitoring on the information specified in Schedule 4 and according to the frequency for reporting described there. The Partners agree to provide all necessary information (as agreed by the MG) to the Pooled Fund Manager in time for the reporting requirements to be met. The Pooled Fund Manager shall ensure that action is taken to manage any projected under or overspends from the budgets relating to the Pooled Fund reporting on the variances and the actions taken or proposed to the MG. If at any time during the financial year a projected under or overspend on the Pooled Fund is forecast to occur, the Pooled Fund Manager will prepare an action plan to manage the under or overspend, for presentation to the MG at the next meeting of the MG. The MG will consider the action plan, amend if appropriate and agree the actions to be taken. Any projected underspend should be allocated only to non-recurrent spend. The Pooled Fund Manager will provide six weekly progress reports to the MG on implementation of the action plan, until such time that the under or overspend has been dealt with to the satisfaction of the MG. Budget Analysis The budget amounts to be contributed by the Partners to the Pooled Fund are as follows:-
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Risk Sharing Arrangements. The Council is the lead provider for the operation of this agreement and will appoint a Pooled Fund Manager with responsibility for the integrated management of the Pooled Fund, subject to the governance arrangements set out in Schedule 5 to this agreement. The Pooled Fund is comprised of contributions from all of the Partners and forms a single fund. The Pooled Fund is to be used solely to achieve the aims, objectives and functions set out in Schedule 1 and 2. The Pooled Fund Manager shall report quarterly to the Joint Management Board on the information specified in the Appendix to Schedule 5. Information is to be reported separately in respect of the Pooled Fund. The Partners agree to provide all necessary information to the Pooled Fund Manager in time for the reporting requirements to be met. The Pooled Fund Manager shall ensure that action is taken to manage any projected under or overspends from the budgets relating to the Pooled Fund reporting on the variances and the actions taken or proposed to the Joint Management Board. If at any time during the financial year there is forecast a material projected under or overspend on the Pooled Fund, the Pooled Fund Manager will prepare an action plan to manage the material under or overspend, for presentation to the Joint Management Board within one month. The Joint Management Board will consider the action plan, amend if appropriate and agree the actions to be taken. The Pooled Fund Manager will provide monthly progress reports to the Joint Management Board on implementation of the action plan, until such time that the material under or overspend has been dealt with to the satisfaction of the Joint Management Board. In the event of there being no agreement between the Partners then the dispute resolution provisions of the agreement will apply.
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Risk Sharing Arrangements. 1 Subject to any contrary provision in the relevant Scheme Specification, the Partners agree that Overspends or Underspends shall be managed in accordance with this Schedule 3.
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Risk Sharing Arrangements. Both the CCG and SCC have significant financial pressures on mental health budgets particularly when joint £4.7m efficiency/QIPP savings requirements are taken into account. This means that financial risk sharing is a key concern for both organisations when entering into a single pooled budget arrangement. Significant discussions have taken place with the respective parties to agree appropriate risk/benefit sharing arrangements so that potential risks/benefits are mitigated/shared fairly between organisations. The proposed risk share agreement is as follows:  For this first year of operation overspends on the pooled budget will be met by the originating organisation. It is the intention to develop a full risk share for overspends and underspends from April 2018The risk share arrangement will allow the CCG and SCC to share savings through integrated working. The maximum financial risk exposure to the CCG under this agreement for 2017/18 is capped at £0.8m over and above our own QIPP savings. The fundamental requirement to give both partners confidence on risk sharing is a clear savings plan for 2017-18 and following 2 to 3 years in the context of STP, Sheffield Placed Based Plan and MH FYFV requirements.
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Related to Risk Sharing Arrangements

  • Funding Arrangements Minimum amounts/increments for Japan Local Currency Borrowings, repayments and prepayments: Same as Credit Agreement.

  • Tax Sharing Agreements All tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder.

  • Working Arrangements As part of a process leading to improvements, it is recognised that hot weather procedures including relocation, must be part of the formal OH&S procedures developed, adopted and managed on a project basis having regard for the different conditions that may prevail on projects in various locations. When the temperature approaches 35 degrees C, the consultative process outlined in sub-clause 24.1.4 of the VBIA shall occur, with an intention that employees may leave site if the temperature actually reaches 35 degrees C. If the temperature reaches 35 degrees C, the task or activity being performed will be completed before work is to cease and the penalty provisions as for emergency work under the NBCIA shall apply. By agreement with the OH&S committee and head contractor during periods of inclement weather (heat) the Saturday break roster can be applied for weekday work.

  • 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.

  • CLOSING ARRANGEMENTS Where each of the Seller and Buyer retain a lawyer to complete the Agreement of Purchase and Sale of the property, and where the transaction will be completed by electronic registration pursuant to Part III of the Land Registration Reform Act, R.S.O. 1990, Chapter L4 and the Electronic Registration Act, S.O. 1991, Chapter 44, and any amendments thereto, the Seller and Buyer acknowledge and agree that the exchange of closing funds, non-registrable documents and other items (the “Requisite Deliveries”) and the release thereof to the Seller and Buyer will (a) not occur at the same time as the registration of the transfer/deed (and any other documents intended to be registered in connection with the completion of this transaction) and (b) be subject to conditions whereby the lawyer(s) receiving any of the Requisite Deliveries will be required to hold same in trust and not release same except in accordance with the terms of a document registration agreement between the said lawyers. The Seller and Buyer irrevocably instruct the said lawyers to be bound by the document registration agreement which is recommended from time to time by the Law Society of Upper Canada. Unless otherwise agreed to by the lawyers, such exchange of the Requisite Deliveries will occur in the applicable Land Titles Office or such other location agreeable to both lawyers.

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration.

  • Management Arrangements 9.1. The Management Arrangements set out the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Statement of Requirements, the Service Levels, the Award Procedures and the terms of this Framework Agreement.

  • Billing Arrangements Unless otherwise agreed to in writing, you will receive a consolidated bill from the LDU for each billing period containing both the electric supply services provided by Starion and the services provided by your LDU. Your LDU will set your payment due date and payment address. You will continue to make payment for all of these services to the LDU in accordance with the payment terms stated in the LDU’s tariffs. Xxxxxxx’s charges are due when the LDU’s charges are due. Customer agrees to timely review its invoices and agrees that subject to applicable tariff and law, unless notice is given to Starion within ninety (90) days of the invoice date, all invoiced amounts will be deemed by you to be correct and Customer shall waive any right to dispute amounts set forth on such invoice. We reserve the right to assume any and all billing responsibility, including the LDU’s charges, if necessary. If we assume billing responsibility, we will follow the applicable Uniform Business Practices Act (UBP) and Home Energy Fair Practices Act (HEFPA), and the following provisions will apply: a $30 fee may be assessed for all returned payments; if you pay a lesser amount than is due, even if you designate it as a full payment, our acceptance of the payment is without prejudice to any other rights or remedies we may have, and you agree we may disregard your designation and apply the payment as a partial payment to your account; and if payments are returned two (2) times in a 12-month period, we may demand payment be made using a money order, certified check or electronic funds transfer.

  • PAYMENT ARRANGEMENTS 4.1 A pre-financing payment shall be made to the participant no later than (whichever comes first): 30 calendar days after the signature of the agreement by both parties the start date of the mobility period [optional: or upon receipt of confirmation of arrival by the beneficiary] representing [between 70% and 100%] of the amount specified in Article 3 [NA may add: per semester]. In case the participant did not provide the supporting documents in time, according to the sending institution's timeline, a later payment of the pre-financing can be exceptionally accepted.

  • Monitoring Arrangements 8.1 We will formally monitor the progress of the access agreement at least once a year through the Executive Group who report biannually to the Steering Group. Initial monitoring will be concerned with participation rates and the development of data on lower income and other under-represented groups, against which to monitor. When specific baselines, targets, and milestones are determined we will look to monitor against these.

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