Proponent - SM Sample Clauses
The 'Proponent - SM' clause designates a specific party, referred to as the Proponent, who is responsible for submitting or managing certain aspects of a project or proposal, with 'SM' likely indicating the name or abbreviation of the entity. In practice, this clause clarifies which party is accountable for providing required documentation, communications, or deliverables related to the agreement. Its core function is to ensure clear assignment of responsibilities, thereby reducing confusion and streamlining project management.
Proponent - SM. (a) It is required that the SM would adopt a similar position if a project terminates under reasonable circumstances. That is, best efforts can be made to recover government contributions, but if there were no proceeds available, repayment would not be expected.
(b) In situations of non-compliance due to misuse or negligence, the SM is expected to take remedies available to recover government contributions.
Proponent - SM. (a) The proponent would be required to indemnify the province for any claims against the Province or CMHC in accordance with the Contribution Agreement.
(b) The SM should also request fulI indemnification from the proponent for any claims against the SM.