National benefit Sample Clauses

National benefit. The parties acknowledge that the giving of the Grant for the purposes of the Project is intended to deliver substantial national benefit to Australia. The parties agree that substantial national benefit will be deemed to have been satisfactorily delivered where: (a) on or by the Project End Date, the Grantee demonstrates to the Commonwealth’s satisfaction that the Planned Outcomes have been achieved; and (b) the Grantee commercialises the Project (or its outcomes) in accordance with the Application.