Common use of Fund Allocation Clause in Contracts

Fund Allocation. The amount of financial assistance given to any successful Education Bursary Education Assistance candidate will be assessed by Xxx Xxxxx Xxxxx, acting on the advice of the Xxx Coordination Committee. Upon meeting, the Coordination Committee may consider awarding additional monies to candidates who have applied for Education Assistance in the current year, if funds become available through other candidates not taking up their Bursary Education Assistance offer. In some years, financial assistance may not be offered if there are commitments to existing bursary recipients who have been successful to date in their course, which prevent sufficient funds being available in the Scheme for any new Education Assistance funding in that year.