Common use of Financial subsidy Clause in Contracts

Financial subsidy. 4.2.1 The Government shall provide recurrent and/or non-recurrent financial subsidy to the SMC subject to the terms and conditions of this Agreement and the Government’s prevailing education policy. 4.2.2 The SMC shall apply the subsidy for the designated purpose in accordance with the DSS and circulars issued by the Education Bureau from time to time.

Financial subsidy. 4.2.1 The Government shall may provide recurrent and/or non-recurrent financial subsidy to the SMC subject to the terms and conditions of this Agreement and the Government’s prevailing education policy. 4.2.2 The SMC shall apply the subsidy for the designated purpose in accordance with the DSS and circulars issued by the Education Bureau from time to time.