Accounts, Records and Monitoring Sample Clauses

Accounts, Records and Monitoring. ‌ 6.1 The Capital Grant shall be paid to each Local Lead Partner by the HLO in accordance with the terms of this Agreement and the Capital Grant Funding Agreement, and each Local Lead Partner shall take all reasonable steps to ensure that the Capital Grant is properly applied against expenditures necessary for the proper and effective implementation of the Agreed Activity and in accordance with the Annual Budget. 6.2 The Local Lead Partners and HLO shall each be responsible for balancing their respective allocations of the Annual Budget. 6.3 Subject to clause 6.2, the Parties agree that any income generated by any Local Lead Partner in the course of its activities in delivering the Agreed Activity shall be retained by the that Local Lead Partner and shall be spent on the music education activity. 6.4 The Local Lead Partners shall provide all such information as may be required to enable the HLO to comply with its reporting obligations under the Capital Grant Funding Agreement, including providing all information required by the HLO to meet the requirements set out in the Monitoring Schedule by the due dates set out therein, and promptly notifying the HLO if any disputes with third parties or other legal claims or regulatory investigations arise or are threatened against that Local Lead Partner. 6.5 The Capital Grant shall be shown in each Local Lead Partner’s accounts as a restricted fund labelled “Arts Council Capital Grant” and as grant income and shall not be shown as earned income or included under general funds. 6.6 The Local Lead Partners acknowledge that the Project Assets must be depreciated in accordance with the HLO’s depreciation policy, as may be communicated by the HLO to the Local Lead Partners from time to time. 6.7 Each Local Lead Partner shall maintain a register of the Project Assets purchased under this Agreement, in the form attached at Schedule 2 Part 1 a copy of the register shall be shared with the HLO who will maintain a regional asset register. The register will record as a minimum: (a) Description of the asset(s), make and model (b) Asset number or other unique identifier (c) Definition of the asset(s) (d) The date of purchase (e) The price paid (f) The number of assets purchased (g) The procurement method used (h) Details of purchasing organisation (if different to the HLO) (i) Supplier information (j) The location of the asset (i.e. where it is stored) (k) Information on disposal of the assets (if applicable) (l) Information on ...
Sample 1
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Related to Accounts, Records and Monitoring

  • Definitions For purposes of this Agreement:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • NOW THEREFORE the parties hereto agree as follows:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

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