Unspent amounts Clause Samples
Unspent amounts. Where You submit a financial report in accordance with clause 5.1 which shows that a substantial portion of the Funding for the previous period is unspent by You, then We may:
(a) authorise You to retain the unspent Funding and, if We so authorise, to expend some or all of that Funding for an approved purpose;
(b) adjust a payment or instalment of the Funding to take account of the unspent Funding;
(c) agree to a carryover of unspent Funding from one reporting period to the next where the Funding is to be used for the same purpose and when agreed by Us in writing; or
(d) require You to refund the unspent Funding.
Unspent amounts. If You provide a report or other information in accordance with clause 5 which shows that any part of the Funding for the previous period is unspent by You, then We may:
(a) authorise You to retain the unspent Funding and to expend some or all of it for an approved purpose, on terms and conditions specified by Us;
(b) reduce a future payment or instalment of the Funding to take account of the unspent Funding; or
(c) notify You that You are required to repay the unspent Funding to Us, within the period stated in the notice, which will be not less than 20 Business days. That amount will be a debt due and owing to Us by You.
Unspent amounts. If You provide a report or other information in accordance with clause 5 which shows that any part of the Funding for the previous period is unspent by You, then We may:
(a) authorise You in writing to retain the unspent Funding and to expend some or all of it for the Funded Purpose and Accepted Use pursuant to the Funding Schedule under which the Funds were provided, or otherwise at Our discretion and by Our written consent for some other approved purpose, on terms and conditions specified by Us;
(b) reduce a future payment or instalment of the Funding to take account of the unspent Funding; or
(c) notify You that You are required to repay the unspent Funding to Us, which will constitute a debt due and owing to Us in accordance with clause 7.6.
Unspent amounts. (a) Unless you have requested and received permission from the Funding Provider to redirect any unspent monies in accordance with Clause ?? of the Grant Agreement, You are to refund the unspent money to XXX. We will refund the unspent funding to the grant provider in accordance with the requirements of the Grant Agreement (Attachment B).
Unspent amounts. (a) If You anticipate that any part of the Funding for the current period will be unspent at period end, You must inform Us no later than 20 Business Days prior to year-end in writing and include the: (i) anticipated amount of unspent Funding; (ii) The expected unused Funding (current and prior periods) cash balance at year end; and