Distribution of Funding. The Project Owner receives and manages the financial contributions to the Project from the Research Council and the Participants. The Project Owner disburses payments in accordance with the adopted Work Plan, reports approved by the Research Council and invoicing routines as set out in Section 7.4. A Participant is only entitled to receive payment for tasks it carries out / has procured and costs it has incurred in accordance with the adopted Work Plan. In accordance with its own accounting and management principles, each of the Participants shall be solely responsible for documenting its costs with respect to the Project, both towards the Research Council and the other Participants. The documentation shall be provided at the request of either the Project Owner or the Research Council. A Participant using less than its allocated share of the project funding will only receive payment for its actual and eligible costs in accordance with the Work Plan. A Participant using more than its allocated share of the project funding will only receive payment for the actual and eligible costs up to the amount equalling that allocated share of project funding. Disbursed funding that a Participant is not able to document as actual and eligible costs in accordance with the Work Plan shall be repaid. A Defaulting Party shall also cover any additional costs incurred by the other Participants as a result of the breach.
Distribution of Funding. [Note: This reflects funding from the Eligible Organisation to the Participating Institutions as collaborators on the Project. Organisations providing only services, including only acting as a site for the clinical trial, should not be included as a party to the agreement.] Institution Name 0000 0000 0000 2026 2027 TOTAL <Insert Eligible Organisation name> $ $ $ $ $ $ <Insert Participating Institution name> $ $ $ $ $ $ <Insert Participating Institution name> $ $ $ $ $ $ Total MRFF funding (indicative only) $Total $ Total $ Total $ Total $ Total $ Total The Parties agree that Funding will be spent only on the Project and in accordance with the budget approved under the Application unless otherwise agreed in writing between the Parties and approved by Health (if required). Where the Eligible Organisation distributes Funding to a Participating Institution, that Participating Institution will: submit relevant invoices to the Eligible Organisation on a quarterly basis, in arrears, from the commencement of the Funding Period, which for Participating Institutions in Australia shall be tax invoices; provide an annual financial acquittal to the Eligible Organisation by 28 February15 August of each year for the Funding distributed to the Participating Institution in the previous calendar year; deal with the Funding received from the Eligible Organisation in the same way as the Eligible Organisation is required to deal with the Funding under clause 8 of the Funding Agreement, except that the Participating Institution is required to provide information to, and seek approval from, the Eligible Organisation rather than Health; repay to the Eligible Organisation any Funds provided by the Eligible Organisation to the Participating Institution for the Research Activity that the Participating Institution has not spent on the Research Activity in accordance with this Agreement; and if any Specified Personnel leave the employment of the Participating Institution through a transfer to another university or otherwise, and the involvement of the Participating Institution in the Project ceases as a result, the Participating Institution will provide a Transfer Acquittal Statement within 20 days as required by the Eligible Organisation in accordance with clause 10.8 of the Funding Agreement. The contact details for invoices at the Eligible Organisation and acquittals for any relevant Participating Institution(s) are provided at Schedule 3.
Distribution of Funding. The Administering Organisation will transfer portions of the Funding to the Collaborating Organisations as set out in Table 2 of Schedule 2 subject always to receipt of corresponding Funding from the ARC and Cash Contributions from each Collaborating Organisation. An Other Eligible Organisation must apply the Funding paid pursuant to clause 5.9 only for payment of expenses incurred and work undertaken in the conduct of the Project and must provide an annual financial acquittal to the Administering Organisation by 31 January of each year, for the Funding transferred to it in the previous calendar year. An Other Eligible Organisation must also provide to the Administering Organisation any other assistance it may reasonably require to satisfy the Partner Organisations and the ARC that funds were expended by the Other Eligible Organisation in accordance with the terms and conditions of this Agreement and the Funding Agreement. If the Administering Organisation incurs an obligation to a Collaborating Organisation or to the ARC with respect to an expenditure by an Other Eligible Organisation which is not authorised by this Agreement or the Funding Agreement, the relevant Other Eligible Organisation will return to the Administering Organisation, within 30 days of being requested to do so, the amount of funding that the Administering Organisation owes to the Partner Organisation or to the ARC on account of the relevant Other Eligible Organisation's unauthorised expenditure. Each Party must keep clear records of and account for all cash and in-kind Contributions made to the Project and for any Funding it receives pursuant to this clause 5. PhD Stipend Recipients It is the responsibility of the Administering Organisation and/or Other Eligible Organisation at which a PhD Stipend recipient is enrolled to: manage the candidature of its PhD Stipend recipients in accordance with its legislation, policies and procedures; and assume responsibility for all costs of its PhD stipend recipient's candidature including, but not limited to, costs of relocation, periods of leave and thesis production.
Distribution of Funding. Table 1: [Note: This reflects funding from the Administering Institution to the Participating Institutions]. All amounts quoted are ex GST. Institution Name 202x 202x 202x 202x 202x TOTAL <Insert Administering Institution name> $ $ $ $ $ $ <Insert Participating Institution name> $ $ $ $ $ $ <Insert Participating Institution name> $ $ $ $ $ $ Total NHMRC Grant (indicative only) $Total $ Total $ Total $ Total $ Total $ Total
Distribution of Funding. (a) Subject to clause 5.2(c), UNSW must pay each Participating Institution the Funding amount specified in Schedule 2 to be paid to that Participating Institution. UNSW will pay those amounts at the times and in the manner specified in Schedule 2.
