Common use of ACCOUNTABILITY FRAMEWORK Clause in Contracts

ACCOUNTABILITY FRAMEWORK. (a) In the event: (i) the County is of the opinion that the Proponent is not proceeding in an expeditious manner with the Development Activities for which Project Development Funding has been provided; or (ii) the Province is advised by the County that the Project will not proceed; or (iii) the building permit for the Project or the start of the project is not within 90 days of the signing of the agreement or such longer period of time as the County may determine; the Proponent shall return all unexpended Project Development Funding to the County, forthwith upon demand, provided however, that the County shall not require the Proponent to return any Project Development Funding that has been expended for the intended purposes. (b) If requested by the County, the Proponent shall submit to the County, an audited financial statement respecting the expenditure of the Funds provided to it pursuant to this Agreement, within one hundred and twenty (120) days or such additional time as may be determined by the County, following the date on which the County is advised that the Project will not proceed or that the Development Activities related to the Project have been fully completed. (c) Following the full completion of the development activities related to the Project, the Proponent shall submit to the County a completed Annual Indicator Report attached as Schedule G annually. (d) Without limiting the Proponent’s obligations under section 6.1(c), the Proponent, if requested by the County, shall forthwith submit to the County the material required to be submitted pursuant to section 6.1(c), in addition to any such material that the Proponent may have previously submitted to the County. 6.2 The Proponent represents that it has not provided any false or misleading information in the Proposal and agrees that it shall not provide any false or misleading information to the County under this Agreement. 6.3 The Proponent shall, on forty-eight (48) hours prior written notice, give the County free access to the Project and to such staff, documents, books, records and accounts as may be determined by the County, for the purpose of verifying compliance with this Agreement. 6.4 The County may conduct an audit, investigation or inquiry in relation to the Project or any larger development or project of which the Project is a part of. 6.5 The provisions of sections 6.1, 6.2, 6.3, 6.4 and 6.5 shall continue to apply for a period of seven (7) years following the end of the Intended Use Period or the date of any early termination of this Agreement.

ACCOUNTABILITY FRAMEWORK. (a) In the event: (i) the County is of the opinion that the Proponent is not proceeding in an expeditious manner with the Development Activities for which Project Development Funding has been provided; or (ii) the Province is advised by the County that the Project will not proceed; or (iii) the building permit for the Project or the start of the project is not within 90 days of the signing of the agreement issued on or before April 30, 2020 or such longer period of time as the County may determine; the Proponent shall return all unexpended Project Development Funding to the County, forthwith upon demand, provided however, that the County shall not require the Proponent to return any Project Development Funding that has been expended for the intended purposes. (b) If requested by the County, the Proponent shall submit to the County, an audited financial statement respecting the expenditure of the Funds provided to it pursuant to this Agreement, within one hundred and twenty (120) days or such additional time as may be determined by the County, following the date on which the County is advised that the Project will not proceed or that the Development Activities related to the Project have been fully completed. (c) Following the full completion of the development activities Development Activities related to the Project, the Proponent shall submit to the County a completed Annual Indicator Report information report in the form attached hereto as Schedule G annually“H”, and annually thereafter shall submit to the County completed information reports in the forms attached hereto as Schedules “I” and “J”. (d) Without limiting the Proponent’s obligations under section 6.1(c8.1(c), the Proponent, if requested by the County, shall forthwith submit to the County the material required to be submitted pursuant to section 6.1(c8.1(c), in addition to any such material that the Proponent may have previously submitted to the County. 6.2 8.2 The Proponent represents that it has not provided any false or misleading information in the Proposal and agrees that it shall not provide any false or misleading information to the County under this Agreement. 6.3 8.3 The Proponent shall, on forty-eight (48) hours prior written notice, give the County free access to the Project and to such staff, documents, books, records and accounts as may be determined by the County, for the purpose of verifying compliance with this Agreement. 6.4 8.4 The County may conduct an audit, investigation or inquiry in relation to the Project or any larger development or project of which the Project is a part ofand the Proponent shall cooperate with the County and provide free access to the Project and to such staff, documents, books, records and accounts as may be determined by the County. 6.5 8.5 The provisions of sections 6.18.1, 6.28.2, 6.38.3, 6.4 8.4 and 6.5 8.5 shall continue to apply for a period of seven (7) years following the end of the Intended Use Phase-out Period or the date of any early termination of this Agreement.

ACCOUNTABILITY FRAMEWORK. (a) In the event: (i) the County is of the opinion that the Proponent is not proceeding in an expeditious manner with the Development Activities for which Project Development Funding has been provided; or (ii) the Province is advised by the County that the Project will not proceed; or (iii) the building permit for the Project or the start of the project is not within 90 days of the signing of the agreement issued on or before April 30 ,2020 or such longer period of time as the County may determine; the Proponent shall return all unexpended Project Development Funding to the County, forthwith upon demand, provided however, that the County shall not require the Proponent to return any Project Development Funding that has been expended for the intended purposes. (b) If requested by the County, the Proponent shall submit to the County, an audited financial statement respecting the expenditure of the Funds provided to it pursuant to this Agreement, within one hundred and twenty (120) days or such additional time as may be determined by the County, following the date on which the County is advised that the Project will not proceed or that the Development Activities related to the Project have been fully completed. (c) Following the full completion of the development activities Development Activities related to the Project, the Proponent shall submit to the County a completed Annual Indicator Report information report in the form attached hereto as Schedule G annually“H”, and annually thereafter shall submit to the County completed information reports in the forms attached hereto as Schedules “I” and “J”. (d) Without limiting the Proponent’s obligations under section 6.1(c8.1(c), the Proponent, if requested by the County, shall forthwith submit to the County the material required to be submitted pursuant to section 6.1(c8.1(c), in addition to any such material that the Proponent may have previously submitted to the County. 6.2 8.2 The Proponent represents that it has not provided any false or misleading information in the Proposal and agrees that it shall not provide any false or misleading information to the County under this Agreement. 6.3 8.3 The Proponent shall, on forty-eight (48) hours prior written notice, give the County free access to the Project and to such staff, documents, books, records and accounts as may be determined by the County, for the purpose of verifying compliance with this Agreement. 6.4 8.4 The County may conduct an audit, investigation or inquiry in relation to the Project or any larger development or project of which the Project is a part ofand the Proponent shall cooperate with the County and provide free access to the Project and to such staff, documents, books, records and accounts as may be determined by the County. 6.5 8.5 The provisions of sections 6.18.1, 6.28.2, 6.38.3, 6.4 8.4 and 6.5 8.5 shall continue to apply for a period of seven (7) years following the end of the Intended Use Phase-out Period or the date of any early termination of this Agreement.