Provincial Contribution definition

Provincial Contribution means the funding provided by the Province pursuant to the terms and conditions of this Agreement as set out in subsection 6.1.
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Provincial Contribution means the funding provided by Clean Foundation from the Government of Nova Scotia to further support the installation of Charging Stations;
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Provincial Contribution means Capital Grant funds paid by ASHC to the Recipient under this Agreement up to the maximum amount set out in clause 3.1 of this Agreement, and includes any accrued interest on such Capital Grant funds that may be realized by the Recipient as a result of holding or investing any or all of such funds in an interest-bearing account or security; and may include a capital contribution in the form of land and buildings such as the transfer of ownership or a long-term lease of an ASHC-owned asset;
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Examples of Provincial Contribution in a sentence

  • The Province shall have no obligation to pay more than ninety (90) percent of the Provincial Contribution prior to completion of the Project and any audit being conducted pursuant to section 14.

  • The Province will have the right, notwithstanding any payment of the Provincial Contribution or expiry or termination of this Agreement, to conduct such audits at the Province’s expense as the Province considers necessary using internal audit staff or auditors selected by the Province.

  • The Province shall determine the percentage of the Holdback based on the amounts of the Provincial Contribution set out in the Project Budget and in accordance with the Assessment of Risk.

  • At the Province’s discretion, the Province shall deduct any Overpayment from subsequent payments of the Provincial Contribution, from the Holdback or, if the Overpayment is determined after the Project Completion Date, the Recipient shall repay the amount within thirty (30) days of receiving written notification by the Province.

  • The Recipient agrees to use the Provincial Contribution solely for this purpose.

  • The Province may require that a PAYE form be accompanied by additional information, explanations and documents related to the Project and the year-end estimate of the Eligible Costs and/or estimated Fiscal Year’s allocation of the Provincial Contribution amount.

  • If the amount of the Provincial Contribution that has been paid to the Recipient exceeds the total amount which the Recipient is entitled to receive under this Agreement, the Province shall so advise the Recipient and the Recipient shall forthwith repay the Province the amount of any such Overpayment.

  • The Recipient shall establish and maintain sound financial and management practices that will ensure the Provincial Contribution is expended in accordance with the terms of this Agreement.

  • The Recipient acknowledges and agrees that, at the Province’s sole discretion, the amount of the Provincial Contribution may be reduced to the extent of any additional Government financial assistance, or the Province may require the Recipient to repay the excess amount of the Provincial Contribution it received, and any such amount will be treated as an Overpayment under this Agreement and shall be recoverable by the Province pursuant to subsection 8.7.

  • The Eligible Costs which may be reimbursed by the Provincial Contribution are those Direct Costs identified in the Project Budget as Eligible Costs, provided, in each case, that the cost is, in the opinion of the Province, reasonable as well as required for and directly related to the completion of the Project, as set out in Schedule A.