Payment of the Funds. (a) Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule. Notwithstanding any other clause of this Agreement the Department may defer, reduce or not make a payment of Funds if at any time: the Recipient has not achieved a Milestone to the Department’s satisfaction, that was due to be completed before the date of payment, until that Milestone is completed to the Department’s satisfaction; the Recipient has not performed the Project to the satisfaction of the Department and in accordance with the terms of this Agreement, until the Recipient remedies its non-performance; the Recipient has any overdue reports or acquittals, under any contractual or statutory arrangement for funding with the Department or any other Australian Government agency; the Department has insufficient Programme funding available at the time the payment is due to the Recipient; there is an Insolvency Event; the Department has become entitled to terminate this Agreement under clause 19.1; the Department forms the opinion, on reasonable grounds, having regard to the Project Budget (if any) and information provided in the reports, that the full payment is not properly required by the Recipient to carry out the Project or because of Project surpluses or underspends; or the Recipient has not complied with any provision of this Agreement which provides that the Recipient will not be entitled to spend or receive any Funds until that obligation has been complied with. Notwithstanding any other clause of this Agreement, if the Recipient has received any Funds, the Recipient is not entitled to spend those Funds if the Department has notified the Recipient that one or more of the circumstances specified in clauses 6.1(b)(i) to 6.1(b)(viii) (inclusive) applies, unless the Department agrees in writing otherwise. Use of the Funds Funds provided under this Agreement: must only be used for the purposes of carrying out the Project and performing this Agreement; must not be used to cover the cost of any activities completed prior to the execution of this Agreement; must not, unless agreed by the Department in writing, be used to cover the cost of any activities commenced but not yet completed prior to the execution of this Agreement; are not to be applied towards administrative and other general costs of the Recipient unless any such costs are approved in writing by the Department or ex...
Payment of the Funds. (a) Subject to Parliamentary appropriation and to the provisions of this Agreement, the Commonwealth agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule. Use of the Funds Funds provided under this Agreement: must only be used for the purposes of carrying out the Project and performing this Agreement; must not be used to cover the cost of any activities completed prior to the execution of this Agreement; must not, unless agreed by the Department in writing, be used to cover the cost of any activities commenced but not yet completed prior to the execution of this Agreement; are not to be applied towards administrative and other general costs of the Recipient unless any such costs are approved in writing by the Department or expressly included in the Project Budget; must not, unless the prior written approval of the Department has been obtained, be used in a manner which is inconsistent with the Project Budget; subject to clause 5.2(g), must not be used as any form of security for the purpose of obtaining or complying with any form of loan, credit, payment or other interest, or for the preparation of, or in the course of any litigation. This clause 5.2(f) does not prevent the Recipient: providing a copy of this Agreement to a prospective financier; or indicating to prospective financiers that the Department has agreed to provide the Funds for the purposes of the Project; and may form part of an existing security held over the Recipient's assets provided a priority agreement is entered into between the Department, the Recipient and the Recipient's financier or holder of the existing security. The priority agreement must be on terms acceptable to the Department and must not allow the financier or holder of the existing security priority to the Funds. Amount of Funds capped The amount of Funds to be contributed by the Department in relation to the Project will not exceed the maximum amount of Funds specified in Item 3.1 of the Project Particulars.
Payment of the Funds. (a) Subject to Parliamentary appropriation and to the provisions of this Agreement, the Commonwealth agrees to pay to the Organisation the Funds specified in Item 4.1 in accordance with Item 4.2.
Payment of the Funds. The Funds will be provided in Milestone payments in the following amounts:
Payment of the Funds. Subject to any adjustment under clause 5.5, the Funds will be provided in Milestone payments in the following amounts:
Payment of the Funds. (a) In accordance with s 78(1) of the Act, the Funds provided for in this clause are for the purpose of giving effect to this Agreement. One-off initial payment
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, DNP agrees to pay to the Recipient the Funds at the times and in the manner specified in Item B(2) of the Schedule. Use of the Funds Funds provided under this Agreement: must only be used for the purposes of carrying out the Project and performing this Agreement; must not be used to cover the cost of any activities completed prior to the execution of this Agreement; must not, unless agreed by DNP in writing, be used to cover the cost of any activities commenced but not yet completed prior to the execution of this Agreement; and are not to be applied towards administrative and other general costs of the Recipient unless any such costs are approved in writing by DNP. Amount of Funds capped The amount of Funds to be contributed by DNP in relation to the Project will not exceed the maximum amount of Funds specified in Item B(1) of the Schedule. No liability for DNP DNP accepts no liability for any debts incurred by the Recipient, any monies owing by the Recipient to its personnel, any cost overruns or there being insufficient monies to complete the Project.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Participant the amount of the Funds specified in Item 6.1 of Schedule 1 in accordance with Item 6.2 of Schedule 1, once the Participant has:
