Common use of Holdbacks Clause in Contracts

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s sole discretion, withhold up to ten percent (10%) of the Contribution until: (a) the Project is completed to the satisfaction of the Minister; (b) the final report described in Subsection 8.3(c) has been submitted to the satisfaction of the Minister; (c) the Minister has approved the final claim described in Subsection 8.3.

Appears in 8 contracts

Sources: Sif Agreement (Xanadu Quantum Technologies Inc.), Sif Agreement (Xanadu Quantum Technologies Inc.), Strategic Innovation Fund Agreement (Edesa Biotech, Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s 's sole discretion, withhold up to ten percent (1010 %) of the Contribution amount until: (a) the Project is completed to the satisfaction of the Minister; (b) the Recipient has satisfied all the conditions of this Agreement; (c) the final report described in Subsection 8.3(c6.6 (a) (iii) has been submitted to the satisfaction of the Minister; (cd) audits and site visits, where required by the Minister, have been completed to the satisfaction of the Minister; and (e) the Minister has approved the final claim described in Subsection 8.36.6.

Appears in 7 contracts

Sources: Contribution Agreement, Contribution Agreement, Contribution Agreement

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister maywill, at the Minister’s sole discretion, withhold up to ten percent (10%) of the Contribution amount until: (a) the Project is completed to the satisfaction of the Minister; (b) the Recipient has satisfied all the conditions of this Agreement; (c) the final report described in Subsection 8.3(c6.4(a)(iv) has been submitted to the satisfaction of the Minister; (cd) audits and site visit, where required by the Minister, have been completed to the satisfaction of the Minister; and (e) the Minister has approved the final claim described in Subsection 8.36.4.

Appears in 3 contracts

Sources: Contribution Agreement (BioAmber Inc.), Contribution Agreement (BioAmber Inc.), Contribution Agreement (BioAmber Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s 's sole discretion, withhold up to ten percent (1010 %) of the Administration & Outreach portion of the Contribution amount until: (a) the Project is completed to the satisfaction of the Minister; (b) the Recipient has satisfied all the conditions of this Agreement; (c) the final report described in Subsection 8.3(c6.6 (a) (iii) has been submitted to the satisfaction of the Minister; (cd) audits and site visits, where required by the Minister, have been completed to the satisfaction of the Minister; and (e) the Minister has approved the final claim described in Subsection 8.36.6.

Appears in 1 contract

Sources: Contribution Agreement

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s 's sole discretion, withhold up to ten percent (1010 %) of the Contribution amount until: (a) the each Project is completed to the satisfaction of the Minister; (b) the Recipient has satisfied all the conditions of this Agreement; (c) the final report described in Subsection 8.3(c6.6 (a) (iii) has been submitted to the satisfaction of the Minister; (cd) audits and site visits, where required by the Minister, have been completed to the satisfaction of the Minister; and (e) the Minister has approved the final claim described in Subsection 8.36.6.

Appears in 1 contract

Sources: Contribution Agreement

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s sole discretion, will withhold up to ten percent (10%) of the Contribution until: (a) the Project is completed to the satisfaction of the Minister; (b) the final report described in Subsection 8.3(c) has been submitted to the satisfaction of the Minister;; and (c) the Minister has approved the final claim described in Subsection 8.3.

Appears in 1 contract

Sources: Sif Agreement (D-Wave Quantum Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Ministerminister’s sole discretion, withhold up to ten percent (10%) of the Contribution amount until: (a) the Project is completed to the satisfaction of the Minister; (b) the Recipient has satisfied all the conditions of this Agreement; (c) the final report described in Subsection 8.3(c6.5(a)(iii) has been submitted to the satisfaction of the Minister; (cd) audits and site visit, where required by the Minister has approved Minister, have been completed to the final claim described in Subsection 8.3.satisfaction of the Minister, and

Appears in 1 contract

Sources: Contribution Agreement (Algoma Steel Group Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s 's sole discretion, withhold up to ten percent (10%) of the Contribution until: (a) the Project is completed to the satisfaction of the Minister; (b) the final report described in Subsection 8.3(c) has been submitted to the satisfaction thesatisfaction of the Minister; (c) the Minister has approved the final claim described in Subsection 8.3.

Appears in 1 contract

Sources: Strategic Innovation Fund Agreement (Edesa Biotech, Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister maywill, at the Minister’s 's sole discretion, withhold up to ten percent (10%) of the Contribution amount until: (a) the Project is completed to the satisfaction of the MinisterSubstantially Completed; (b) the final report Recipient has satisfied all the conditions of this Agreement; (c) the Final Review Form described in Subsection 8.3(c6.4(a)(ii) has been submitted to the satisfaction of the Minister; (cd) audits and site visits, where required by the Minister, have been completed to the satisfaction of the Minister; and (e) the Minister has approved the final claim described in Subsection 8.36.4.

Appears in 1 contract

Sources: Contribution Agreement

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s 's sole discretion, withhold up to ten percent (( 10%) of the Contribution until:: 5. (a) the Project is completed to the satisfaction of the Minister; ; (b) the final report described in Subsection 8.3(c8.3 (c) has been submitted to the satisfaction of the Minister; ; (c) the Minister has approved the final claim described in Subsection 8.3. Recipient's Obligations 11 Certain information in this document has been omitted from this exhibit because it is (i) not material (ii) would be competitively harmful if publicly disclosed and (iii) private or confidential.

Appears in 1 contract

Sources: Strategic Innovation Fund Agreement (AbCellera Biologics Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s sole discretion, withhold up to ten percent (10%) of the Contribution until: (a) the Project is completed to the satisfaction of the Minister; (b) the final report described in Subsection 8.3(c8.4(c) has been submitted to the satisfaction of the Minister;; and (c) the Minister has approved the final claim described in Subsection 8.38.4.

Appears in 1 contract

Sources: Sif Agreement (Algoma Steel Group Inc.)

Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the Minister’s sole discretion, withhold up to ten percent (10%) of the Contribution until: (a) the Project is completed to the satisfaction of the Minister; (b) the final report described in Subsection 8.3(c) has been submitted to the satisfaction of the Minister;; and (c) the Minister has approved the final claim described in Subsection 8.3.

Appears in 1 contract

Sources: Strategic Innovation Fund Agreement (Spire Global, Inc.)