The Subsidy Clause Samples
The Subsidy clause defines the terms under which one party provides financial assistance or support to another party within the context of the agreement. Typically, this clause outlines the amount, timing, and conditions for the subsidy payments, such as milestones that must be met or documentation that must be provided to receive funds. Its core practical function is to ensure both parties have a clear understanding of the financial support arrangement, reducing the risk of disputes over payment obligations and expectations.
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The Subsidy. As of the Effective Date of this Agreement, Owner acknowledges and agrees that Member has caused the disbursement of the proceeds of a subsidy to Owner in the amount of Dollars ($ ) (the “Subsidy”) in connection with the purchase or purchase in conjunction with rehabilitation of the Property.
The Subsidy. 2.1 In consideration of the Recipient’s undertaking to conduct the Trial in accordance with the terms and conditions of this Agreement, the Government shall provide the Subsidy to the Recipient during the trial period of the Trial as stipulated in Schedule 1 to this Agreement in accordance with the terms and conditions of this Agreement.
2.2 The approved subsidy for each unit of Subsidized Product is set out in Schedule 2 to this Agreement (“the Approved Subsidy for each unit of a Subsidized Product”).
2.3 The actual subsidy for each unit of Subsidized Product (“the Actual Subsidy for each unit of a Subsidized Product”) refers to an amount which is calculated in accordance with the method to calculate the Subsidy for each unit of a Subsidized Product as set out in the 5th column of Schedule 2 to this Agreement.
2.4 The approved subsidy for the Recipient is set out in Schedule 2 to this Agreement (“the Approved Subsidy for the Recipient”) and is equal to the sum of the Approved Subsidy for each unit of each Subsidized Product times the total number of unit of such Subsidized Product.
2.5 The Government shall reimburse the amount paid by the Recipient for settlement of the cost of purchase and installation of a unit of a Subsidized Product which is purchased with the provision of the Subsidy in accordance with this Agreement upon receipt and verification of documents which are submitted by the Recipient to prove that the Recipient has settled the payment of the cost of purchase and installation of that unit of the Subsidized Product PROVIDED ALWAYS THAT (A) the total amount of reimbursement paid by the Government (including that of interim payments) for that unit of the Subsidized Product shall not exceed the Approved Subsidy for each unit of the Subsidized Product and shall not exceed the Actual Subsidy for each unit of the Subsidized Product; (B) the total amount of reimbursement paid by the Government (including that of interim payments) to the Recipient for all units of Subsidized Products which are purchased with the provision of the Subsidy in accordance with this Agreement (including that unit of Subsidized Product) shall not exceed the Approved Subsidy for the Recipient; (C) that unit of the Subsidized Product has been delivered to the Recipient and is Ready for Use; and (D) purchase and installation of a support system (such as a charging station) which has been described in the description of the Subsidized Product in Schedule 2 to this Agreement h...
The Subsidy. 3.1. The Subsidy shall be used to subsidise the cost to the Qualifying Applicant of childcare services provided to eligible children on the basis of the terms and conditions set out in this Agreement.
3.2. The Subsidy shall be applied by the Approved Provider in compliance with the terms and conditions of this Agreement and with the Regulations.
3.3. The Approved Provider shall use the Subsidy to reduce the fees charged to Qualifying Applicants for the provision of such childcare services to Eligible Children. The Subsidy will be paid in respect of the hours of care per week registered on the Early Years Platform and approved by the Qualifying Applicant, subject to the maximum weekly hours awarded to the Qualifying Applicant. This does not preclude the Approved Provider from providing additional hours of childcare services to those children and charging Qualifying Applicants for those additional hours in line with published fees.
3.4. The Approved Provider is to notify the Scheme Administrator of any change or alteration to his or her contact details.
3.5. The Approved Provider shall comply with all requests and directions of the Scheme Administrator, or representatives or agents of the Scheme Administrator, relating directly or indirectly to Subsidies paid under the Scheme.
The Subsidy. 5.1. The Subsidy shall be used to subsidise the cost to the Qualifying Applicant of childcare services provided to eligible children on the basis of the terms and conditions set out in this Agreement.
5.2. The Subsidy shall be applied by the Approved Provider in compliance with the terms and conditions of this Agreement and with the Regulations.
5.3. The Approved Provider shall use the Subsidy to reduce the fees charged to Qualifying Applicants for the provision of such childcare services to Eligible Children. The Subsidy will be paid in respect of the hours of care per week registered on the EY HIVE and approved by the Qualifying Applicant, subject to the maximum weekly hours awarded to the Qualifying Applicant. This does not preclude the Approved Provider from providing additional hours of childcare services to those children and charging Qualifying Applicants for those additional hours in line with published fees.
5.4. The Approved Provider is to notify the Scheme Administrator of any change or alteration to the constitution or status or any change or alteration to their contact details.
5.5. The Approved Provider shall comply with all requests and directions of the Scheme Administrator, or representatives or agents of the Scheme Administrator, relating directly or indirectly to Subsidies paid under the Scheme.