Common use of Payment of Funding Clause in Contracts

Payment of Funding. 4.1. Subject to the provisions of the ARC Act, the terms of this Agreement and sufficient program funding being available for the Scheme, the Commonwealth shall pay the Funds to the Administering Organisation for each Project in progressive monthly instalments in accordance with the Funding Offer.

Payment of Funding. 4.1. Subject to the provisions of the ARC Act, the terms of this Agreement and sufficient program funding being available for the Scheme, the Commonwealth shall pay the Funds to the Administering Organisation for each Project in progressive monthly instalments in accordance with the Funding OfferOffer except for LIEF, which receives annual payment(s).

Payment of Funding. 4.1. Subject to the provisions of the ARC Act, the terms of this Agreement and sufficient program funding being available for the Scheme, the Commonwealth shall pay the approved amount of Funds to the Administering Organisation for each Project in progressive monthly instalments in accordance with the Funding Offer. Project Funding is exclusive of any GST which may be imposed on the supply and will be paid in progressive monthly instalments.