Repayment of Grant Sample Clauses

Repayment of Grant. The parties acknowledge and agree that notwithstanding any other term of this Agreement: the Recovery Determination has effect (mutatis mutandis) in respect of grant paid under this Agreement and that each party has the respective rights and obligations described in such determination; for the purposes of the Recovery Determination the terms of this Agreement represent the conditions attached to the making of Capital Grant; and on the occurrence of a Relevant Event the Grant Recipient must recycle or repay (as applicable) the Capital Grant Recoverable in each case in accordance with the terms of the Recovery Determination. Without prejudice to any other term of this Agreement, the GLA reserves the right whether following termination of this Agreement or otherwise (which right the Grant Recipient expressly acknowledges and agrees) at its discretion to recover from the Grant Recipient such sum or such part or aggregation thereof as is determined in accordance with Condition 18.3 (the Recoverable Amount) in circumstances where: the relevant Tranche has been paid to the Grant Recipient or RCGF Funds have been applied to the Named Project on the basis of a misrepresentation made by or on behalf of the Grant Recipient other than in the circumstances specified in Condition 18.2.3; the GLA has made an overpayment in relation to a Named Project or has made a payment in error to the Grant Recipient; the relevant Tranche has been paid to the Grant Recipient or RCGF Funds have been applied to the Named Project but the GLA becomes aware (whether following the completion of a Compliance Audit or otherwise) that the Grant Recipient has failed to deliver the relevant Named Project in accordance with the agreed Named Project Details; the Grant Recipient has breached its obligations under any of Conditions 10, 10.512, or 20;
AutoNDA by SimpleDocs
Repayment of Grant. The Grant Recipient must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc such interest to run from the date upon which the Firm Scheme Grant (or relevant part thereof), overpayment or payment in error was paid to the Grant Recipient until the date upon which Homes England receives the repayment required from the Grant Recipient under this Clause 18 (Repayment of Grant). The Grant Recipient acknowledges and agrees that the disposal or letting of an AHP Dwelling to any person for any purpose other than the relevant Agreed Purpose constitutes a failure to comply with a condition attached to the making of Capital Grant for the purposes of paragraph 7(e) of the Recovery Determination. The parties acknowledge that the Late Payment of Commercial Debts (Interest) Act 1998 does not apply to this Agreement. Notwithstanding any other term of this Clause 18 (Repayment of Grant), where a payment has been made following an administrative error by Homes England (for which the Grant Recipient was not responsible), the Grant Recipient shall not be liable for interest on the amount repayable under Clause 18.5 (Repayment of Grant).
Repayment of Grant. 8.1. Without prejudice to any other term of this Agreement, the Council reserves the right to recover from the Grant Recipient the Grant or such part thereof as is determined in accordance with clause 8.2 (the “Recoverable Amount”) in circumstances where:
Repayment of Grant. 9.1 The Authority may by notice require the Grant Recipient to repay (together with any interest) any amount of the Grant already paid to the Grant Recipient (but not any funds that are Committed) in any of the events identified in Clause 8 and the Grant Recipient shall pay the amount specified in such notice within fifteen (15) days upon receiving such notice.
Repayment of Grant. 23.5 The Grant Recipient must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc such interest to run from the date upon which the Capital Firm Scheme Grant (or relevant part thereof) overpayment or payment in error was paid to the Grant Recipient until the date upon which Homes England receives the repayment required from the Grant Recipient under this Clause 23 (Repayment of Grant).
Repayment of Grant. 17.4 The Grant Recipient must pay the Recoverable Amount to the Agency within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc such interest to run from the date upon which the Firm Scheme Grant (or relevant part thereof) overpayment or payment in error was paid to the Grant Recipient until the date upon which the Agency receives the repayment required from the Grant Recipient under this Condition 17 (Repayment of Grant).
Repayment of Grant. 14.1 Without prejudice to any other term of this Agreement, the GLA reserves the right whether following termination of this Agreement or otherwise (which right the Grant Recipient expressly acknowledges and agrees) at its discretion to recover from the Grant Recipient the Firm Scheme Grant or such part or aggregation thereof as is determined in accordance with Condition 14.2 (the Recoverable Amount) in circumstances where:
Repayment of Grant. COUNTY shall have the right to require repayment of the Grant.
Time is Money Join Law Insider Premium to draft better contracts faster.