Common use of Canada’s Contribution Clause in Contracts

Canada’s Contribution. 17.1 Subject to the provisions of this Agreement, if Vancouver is awarded the Games, Canada will: (a) subject to contribution agreements to be signed between Canada and the OCOG, contribute to the Capital Budget an amount equal to the contribution of the Province, which is $255 million for the capital costs of sport and event venues for the Games described in Annex L; (b) subject to an endowment agreement and any contri- bution agreements, contribute to the Legacy Endowment Fund $55 million; and (c) subject to agreements specifying otherwise, at its own cost, provide those services and procedures, outlined in Part II of the Covenant of Canada attached as Annex E, that would ordinarily be provided by Canada, as they arise out of Canada’s legislative obligations and prerogatives. 17.2 It is understood that neither the contribution agreements nor endowment agreement referred to in section 17.1 17.3 Canada’s obligations under this Agreement are subject to the Hosting Policy, and its financial obligations may be adjusted accordingly.