Investment by Alberta Innovates Clause Samples
The 'Investment by Alberta Innovates' clause defines the terms and conditions under which Alberta Innovates provides funding or resources to a project or entity. This clause typically outlines the amount, form, and timing of the investment, as well as any requirements or milestones that must be met to receive funding. For example, it may specify that funds are disbursed in stages based on project progress or deliverables. Its core practical function is to establish clear expectations and obligations for both parties, ensuring transparency and accountability in the investment process.
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Investment by Alberta Innovates. Provided that the conditions set out in Section 4.2 have been met, Alberta Innovates agrees to provide the Applicant with a contribution to the Project not exceeding the total Alberta Innovates Contribution Amount set out in Schedule B ("Investment"). The Investment shall be paid:
(a) in accordance with the dates and details set out in Schedule B; and
(b) provided that the Applicant’s bank account is in Canada and the Applicant has provided its electronic direct deposit instructions, to the Applicant by way of electronic direct deposit to the Applicant’s bank account. If the Applicant has failed to provide its electronic direct deposit instructions, or its bank account is not in Canada, then the Investment shall be paid by cheque payable to the Applicant to the address for contract matters indicated on the Applicant’s signature page.
Investment by Alberta Innovates. Subject to the Terms and Conditions of this Investment Agreement, Alberta Innovates agrees to provide the Applicant with a contribution to the Project (the “Investment”) not exceeding $ AMOUNT Canadian dollars in accordance with the payment schedule as set out in Schedule D. Notwithstanding the generality of the foregoing, Alberta Innovates reserves the right to withhold payment of any portion of the Investment if the Applicant incurs a debt to Alberta Innovates, or its affiliates Innotech Alberta Inc. or C-FER Technologies (1999) Inc. related to or arising from project(s) involving the principal investigator identified in the Application. If the total Project Costs decrease, Alberta Innovates may elect to adjust its Investment pro-rata in accordance with such decrease. Alberta Innovates shall pay the Investment to the Applicant in the amounts and at the times specified in Schedule D.
Investment by Alberta Innovates. Subject to the Terms and Conditions of this Investment Agreement, Alberta Innovates agrees to provide the Applicant with a contribution to the Project (the “Investment” or the “Stipend”) not exceeding $ AMOUNT Canadian dollars. Notwithstanding the generality of the foregoing, Alberta Innovates reserves the right to withhold payment of any portion of the Investment if the Applicant incurs a debt to Alberta Innovates, or its affiliates Innotech Alberta Inc. or C-FER Technologies (1999) Inc.
Investment by Alberta Innovates. Subject to the Terms and Conditions of this Investment Agreement, Alberta Innovates agrees to contribute to the Applicant’s Project by providing a cash contribution (“the Investment”) to the Service Provider not exceeding $ AMOUNT Canadian dollars, in accordance with the payment schedule as set out in Schedule If the total Project Costs decrease, Alberta Innovates may elect to adjust its Investment pro-rata in accordance with such decrease. Alberta Innovates shall pay the Investment to the Service Provider on behalf of the Applicant in the amounts and at the times specified in Schedule C.
Investment by Alberta Innovates. CONTRIBUTIONS OF THE SME APPLICANT AND TESTING SITE APPLICANT