Application Process – Development Phase Sample Clauses

Application Process – Development Phase. 3.2.1 The Development Phase is the initial phase of the Application Process, during which time the Applicants develop their Project and their Application in accordance with the requirements of NGen Policies. 3.2.2 During the Development Phase, NGen will endeavor to support the Applicants by answering their reasonable questions in respect of the Application Process and/or the Funding Stream and by assisting them in the development of their Application/Project (including high level advice and guidance with respect to funding rules, eligible activities, Project requirements, and help in identifying potential Project partners or other sources of funding for the Project). Applicants however acknowledge and agree that NGen’s resources for such support are limited, so NGen’s support to Applicants during the Development Phase may generally be provided through workshops and webinars; individual Applicant and Project support may be provided, but only to the extent that the resources are available and on a first-come first-served basis. 3.2.3 During the Development Phase and/or throughout the Application Process, each Applicant will be subject to financial due diligence reviews by NGen. The Applicants will cooperate with NGen by providing any document(s) and/or information reasonably requested by NGen in a timely manner to assess the Applicants’ ability to support its financial commitments in respect of the Project, as well as its other financial requirements, over the lifetime of the Project. 3.2.4 The failure of the Applicant(s) to provide the requested documents and/or information within the period of time set forth by NGen, and/or NGen’s consideration that one or more of the Applicants do not have the financial ability to undertake and complete the Project alongside their other financial requirements, may result, in NGen’s sole absolute discretion, (a) in the Application being rejected; or (b) Applicant(s) being required to withdraw pursuant to Subsection 3.1.4; or (c); Applicant(s) being required to provide whatever guarantees or security interests that NGen considers reasonable in order to meet the financial requirements and mitigate such financial risks.