Examples of Funding Failure in a sentence
Change in structure of funding bodies, and introduction of new priorities), noting that this remained high risk (i.e. rated Red) even after controls, as there were limited controls available to the College, although it could monitor and evaluate the external environment. Risk 8: Funding (Failure to comply with LSC/ The Agency/HEFCE Financial Memorandum and HEFCE conditions of funding.
The Contractor is not entitled to terminate this Agreement under clause 21.6 if the LFC fails to pay any Charges due and payable as a result of an LFC Funding Failure, except to the extent such a right of termination exists under the Shareholders’ Agreement.
After an Event of Default, Landlord may, subject to the rights of any Recognized Mortgagee (unless a Funding Failure Default has occurred), collect rent and all other sums due under any Subleases and apply the net amount collected to the Rental payable by Tenant hereunder.
In the event of a Default under Article 24 (other than a Funding Failure Default), a Recognized Mortgagee may exercise its rights under Section 11.4 hereof.
During said term the Executive shall perform the normal and customary duties associated with the positions of Senior Vice President and Secretary.