Examples of Ultimate Recipient in a sentence
Ontario will notify Canada in writing within 90 business days of the end of a Fiscal Year if any Asset owned by a for-profit Ultimate Recipient as defined in paragraph ii.
Ontario will take the necessary action to ensure that any Contract between Ontario or an Ultimate Recipient and any Third Party contains a provision to that effect.
At Canada’s request, Ontario shall require the repayment of any contribution funding provided by Canada under this Agreement that is intended for an Ultimate Recipient that is a for-profit private sector body where such funding was used for the purpose of that Ultimate Recipient generating profits or increasing the value of its business.
Canada may require the Ultimate Recipient to immediately pay to Canada, via Ontario, a portion of the excess in the same proportion as the total cost of the Asset.
Where Ontario is the Ultimate Recipient, Ontario will comply with and ensure that Ultimate Recipient Agreements contain a requirement that each Project complies with all statutes, regulations, and other applicable laws governing Ontario, the Ultimate Recipient and all Projects under this Agreement, including all requirements of, and conditions imposed by, regulatory bodies having jurisdiction over the subject matter.