Matching Payments Clause Samples

Matching Payments. The parties agree and confirm that Transactions entered into pursuant to this Master Agreement either shall have matching or corresponding Scheduled Payment Dates or shall have Party A's Scheduled Payment Dates occurring more frequently than Party B's Scheduled Payment Dates. If, despite the foregoing, a Transaction is entered into other than as above, the parties shall make (i) such amendments to this Master Agreement; (ii) include such provisions in the Confirmation for such Transaction; or (iii) enter into such other arrangements, as may reasonably be necessary to give effect to such Transaction pursuant to this Master Agreement.

Matching Payments. The Commonwealth will pay Matching Payments to FWPA in accordance with the Agreement. The Commonwealth will pay Matching Payments to FWPA of amounts equal to the one-half of FWPA’s Eligible R&D Expenditure, subject to the total appropriation amount worked out under subsection 9(4) of the Act and, to the Gross Value of Production for each financial year. The Commonwealth will pay the Matching Payments to FWPA as soon as reasonably practicable after receiving from FWPA: a correctly rendered claim for payment identifying an amount that is one-half of FWPA’s Eligible R&D Expenditure; and satisfactory substantiation that FWPA has met all the requirements set out in the Act and under this Agreement to trigger its right to receive the Matching Payments. For the purposes of clause 14.5(b), a certificate stating compliance with the relevant requirements of the Act and this Agreement, signed by the Executive Director or the Chief Financial Officer (or equivalent) of FWPA, is satisfactory substantiation, in the absence of any evidence to the contrary. FWPA’s final claim for Matching Payments in respect of Eligible R&D Expenditure made in a Financial Year must be supported by an independent audit report of FWPA’s financial statements. (This work may be completed in accordance with the Standard on Assurance Engagements ASAE 3100.) Upon request, FWPA must provide a reconciliation between the total amount of Eligible R&D Expenditure on which its claim for Matching Payments for the Financial Year is based and the amounts shown in the audited financial statements. FWPA will pay the Commonwealth: the Administration Expenses; any refunds paid by the Commonwealth in respect of ▇▇▇▇; and any Excess Matching Payments. The Commonwealth may invoice FWPA from time to time for the amounts identified in clause 14.9 and the parties agree that FWPA will have made a payment by either: the Commonwealth reduces a payment of Levy Funds and/or Matching Payments by an amount equal to the payment required; or FWPA makes the payment to the Commonwealth by direct deposit or other method agreed between the parties. Upon request by the Commonwealth, FWPA must provide to the Commonwealth: an indicative estimate of the amount of the Levy Funds and Matching Payments it expects the Commonwealth to pay to it under the Act, for the current and future Financial Years as requested by the Commonwealth; and a monthly breakdown of the estimated amount of Levy Funds and Matching Payments that it expects the...

Matching Payments. The Commonwealth will pay Matching Payments to Hort Innovation in accordance with the Act.