Common use of Use of Funding Clause in Contracts

Use of Funding. The Recipient will use the Funds and any Leverage Funding for the carrying out of the Project in accordance with this Agreement and any approved budget, and expend such funds by the Project Completion Date. All such expenditure must be effected in a commercially prudent, sensible and reasonable manner. Furthermore, the Recipient shall properly comply with and deliver all Milestones in accordance with Schedule 4.

Appears in 5 contracts

Samples: Funding Agreement, Funding Agreement, s3-ap-southeast-2.amazonaws.com

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Use of Funding. The Recipient will must use the Funds and any Leverage Funding only for the carrying out of the Project in accordance with this Agreement and any approved budget, the Approved Budget and expend such funds by the Project Completion Date. All such expenditure must be effected in a commercially prudent, sensible and reasonable manner. Furthermore, the Recipient shall properly comply with and deliver must meet all Milestones in accordance with Schedule 4.

Appears in 3 contracts

Samples: Financial Assistance Agreement, Financial Assistance Agreement, Financial Assistance Agreement

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Use of Funding. The Recipient will use the Funds and any Leverage Funding for the carrying out of the Project in accordance with this Agreement and any approved budget, the Approved Budget and expend such funds by the Project Completion Date. All such expenditure must be effected in a commercially prudent, sensible and reasonable manner. Furthermore, the Recipient shall properly comply with and deliver all Milestones in accordance with Schedule 4.

Appears in 1 contract

Samples: Financial Assistance Agreement

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