Funds Payment Request. (a) Upon achievement of any relevant Milestone in accordance with item 1.3 of Schedule 1, the Recipient may submit a request for payment of the Funds, in the form of a Funds Payment Request. (b) If the Recipient has satisfied: (1) the Payment Criteria in accordance with clause 5.3; and (2) any other relevant requirements under this agreement, in connection with the Milestone to which the Funds Payment Request relates, the Department must, within 30 days of the above being satisfied, make payment into the Bank Account or authorise release of Funds payable upon achievement of that Milestone from the Segregated Bank Account (as applicable).
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement