Legally Committed definition
Examples of Legally Committed in a sentence
Rights and entitlements upon termination If this Agreement is terminated under clause 22, ARENA is liable to the Recipient only for payments due under clause 4.1 in accordance with this Agreement before the effective date of termination, but only to the extent that those monies have been spent or Legally Committed.
If this Funding Agreement is terminated under clause 21 (‘Force Majeure’) or clause 23.2 (‘Termination for Change in Policy’), the Departments are liable to the Recipient (jointly and severally) only for payments due by each Department under clause 6.1(a) before the effective date of termination in accordance with this Funding Agreement, but only to the extent that those monies have been spent or Legally Committed on Eligible Expenditure.
After receiving said notification, Customer shall from that time forward treat such Information as Proprietary and/or Confidential Information.
For the purposes of this clause 56.3, the amount that the Grantee has already spent or Legally Committed towards the Project is disregarded.
All Funds in the Bank Account, including Funds which are Legally Committed and any interest earned on those Funds, are legally and beneficially held by the Recipient.
Following the End Date or termination of this Agreement by ARENA, ARENA must cause its authorised signatory to sign any withdrawals requested by the Recipient to pay any funds which are Legally Committed before the End Date or date of termination of this Agreement and not required to be repaid under clause 18.6(a).
The Pre-investment Activity 1 Pre-investment Activity [Drafting note: when amending this Schedule parties should be aware that the Department expects activities to be in a position for all funds to be Legally Committed by December 2025.
The Grantee has already spent or Legally Committed r $12,000 towards the Project prior to the withdrawal/termination of the Project.