Common use of Conditional Grant Clause in Contracts

Conditional Grant. 3.1 The monies are to be spent on the Project, as specified in the Proposal including any modifications from the Funding Conditions. 3.2 All funding under this Agreement is conditional on compliance by the Recipient with the terms and conditions of this Agreement and subject to those terms and conditions which may reduce funding. 3.3 The HCTF will provide the Recipient with a Conditional Grant to a maximum of $<> for Eligible Costs, as follows: (a) an Accountable Advance of $<> (50%), following: (i) the execution and delivery of this Agreement; (ii) the Recipient’s submission to HCTF of certificates evidencing insurance requirements as set out in Part 9.0; and (iii) satisfactory evidence Funding Conditions have been satisfied; (b) an Accountable Advance of up to $<> (30%) once the initial 50% Accountable Advance has been fully spent, and an acceptable invoice requesting payment of the next Accountable Advance is submitted The invoice must clearly indicate that the initial 50% Accountable Advance has been fully spent; and (c) a final payment of up to $<> (20%) upon submission of an acceptable Grant Report, approved by HCTF, with an invoice requesting final payment. The final 20% represents a holdback (i.e. not an advance). The Recipient must complete the Project before requesting final payment. 3.4 Despite Paragraph 3.3, HCTF may, at its sole discretion, refuse to make a payment under that Paragraph if, when the payment is due, the Recipient is in default either: (a) under the terms of this Agreement; or (b) if outstanding Project Deliverables exist relating to any other contractual obligations the Recipient may have with HCTF. 3.5 All requests for payment should identify the Reference no – {Insert CAT21-X-XXX}. 3.6 The Recipient must return any unspent funds to HCTF within 60 days of the Project completion or immediately upon the termination of this Agreement. 3.7 Expenses claimed (e.g. travel, hotels, and meals) cannot exceed HCTF’s travel expense rates as set out on HCTF’s Website or available upon request from HCTF. 3.8 Despite any other terms of this Agreement, HCTF may deduct from an Accountable Advance or request for final payment: (a) any costs claimed by the Recipient that HCTF deems not to be Eligible Costs; (b) any adjustments HCTF is entitled to make under this Agreement; and (c) any amounts the Recipient owes HCTF for any reason.

Conditional Grant. 3.1 The monies are to be spent on the Project, as specified in the Proposal including any modifications from the Funding Conditions. 3.2 All funding under this Agreement is conditional on compliance by the Recipient with the terms and conditions of this Agreement and subject to those terms and conditions which may reduce funding. 3.3 The HCTF will provide the Recipient with a Conditional Grant to a maximum of $<> for Eligible Costs, as follows: (a) an Accountable Advance of $<> (50%), following: (i) the execution and delivery of this Agreement; (ii) the Recipient’s submission to HCTF of certificates evidencing insurance requirements as set out in Part 9.0; and (iii) satisfactory evidence Funding Conditions have been satisfied; (b) an Accountable Advance of up to $<> (30%) once the initial 50% Accountable Advance has been fully spent, and an acceptable invoice requesting payment of the next Accountable Advance is submitted The invoice must clearly indicate that the initial 50% Accountable Advance has been fully spent; and (c) a final payment of up to $<> (20%) upon submission of an acceptable Grant Report, approved by HCTF, with an invoice requesting final payment. The final 20% represents a holdback (i.e. not an advance). The Recipient must complete the Project before requesting final payment. 3.4 Despite Paragraph 3.3, HCTF may, at its sole discretion, refuse to make a payment under that Paragraph if, when the payment is due, the Recipient is in default either: (a) under the terms of this Agreement; or (b) if outstanding Project Deliverables exist relating to any other contractual obligations the Recipient may have with HCTF. 3.5 All requests for payment should identify the Reference no – {Insert CAT21CAT19-X-XXX}. 3.6 The Recipient must return any unspent funds to HCTF within 60 days of the Project completion or immediately upon the termination of this Agreement. 3.7 Expenses claimed (e.g. travel, hotels, and meals) cannot exceed HCTF’s travel expense rates as set out on HCTF’s Website or available upon request from HCTF. 3.8 Despite any other terms of this Agreement, HCTF may deduct from an Accountable Advance or request for final payment: (a) any costs claimed by the Recipient that HCTF deems not to be Eligible Costs; (b) any adjustments HCTF is entitled to make under this Agreement; and (c) any amounts the Recipient owes HCTF for any reason.

Conditional Grant. 3.1 The monies are to be spent on the Project, as specified in the Proposal including any modifications from the Funding Conditions. 3.2 All funding under this Agreement is conditional on compliance by the Recipient with the terms and conditions of this Agreement and subject to those terms and conditions which may reduce funding. 3.3 The HCTF will provide the Recipient with a Conditional Grant to a maximum of $<> for Eligible Costs, as follows: (a) an An Accountable Advance of $<> (50%), following: (i) following the execution and delivery of this Agreement; (ii) , including the Recipient’s submission to HCTF of certificates evidencing insurance requirements as set out in Part 9.0; and (iii) satisfactory 9.0 and evidence Funding Conditions have been satisfied;; and, (b) an An Accountable Advance of up to $<> (30%) once the initial 50% Accountable Advance has been fully spent, and an acceptable invoice requesting payment of the next Accountable Advance is submitted The invoice must clearly indicate that the initial 50% Accountable Advance accountable advance has been fully spent; and (c) a A final payment of up to $<> (20%) upon submission of an acceptable Grant Report, approved by HCTF, with an invoice requesting final payment. The final 20% represents a holdback (i.e. not an advance). The Recipient must complete the Project before requesting final payment. 3.4 Despite Paragraph 3.3, HCTF may, at its sole discretion, refuse to make a payment an Accountable Advance under that Paragraph paragraph if, when the payment Accountable Advance is due, the Recipient is in default either: (a) under the terms of this Agreement; or (b) if outstanding Project Reporting Deliverables exist relating to any other contractual obligations the Recipient may have with HCTF. 3.5 All requests for payment should identify the Reference no – {Insert CAT21CAT14-X-XXXXXXX}. 3.6 The Recipient must return any unspent funds to the HCTF within 60 days of the Project completion or immediately upon the termination of this Agreement. 3.7 Expenses claimed (e.g. travel, hotels, and meals) cannot exceed the HCTF’s travel expense rates as set out on HCTF’s Website or available upon request from HCTF. 3.8 Despite any other terms of this Agreement, HCTF may deduct from an any Accountable Advance or request for final payment: (a) any costs claimed by the Recipient that HCTF deems not to be Eligible Costs;; and (b) any adjustments HCTF is entitled to make under this Agreement; and (c) any amounts the Recipient owes HCTF for any reason.