Common use of Additional Sources of Government Support Clause in Contracts

Additional Sources of Government Support. (a) In the event the Supplier is awarded any direct financial funding during the Term pursuant to any Future Government Support Program (any such funds, an “Additional Source of Funding”), the Supplier shall provide written notice to the Buyer within thirty (30) days of receiving any such funding, and together with such notice, the Supplier shall make a payment to the Buyer equal to fifty percent (50%) multiplied by the total amount of the Additional Source of Funding. For clarity, no payment from the Supplier to the Buyer shall be required in relation to the remaining fifty percent (50%) of any Additional Source of Funding. Notwithstanding the foregoing, the treatment of any such Additional Source of Funding under this Agreement shall in no event contravene the requirements of the relevant governmental program and in the case of any such possible contravention, the Supplier shall not participate in the applicable Future Government Support Program without the Buyer’s prior written consent, which may be granted in the Buyer’s sole and absolute discretion.

Appears in 2 contracts

Samples: www.ieso.ca, www.ieso.ca

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Additional Sources of Government Support. (a) In the event the Supplier is awarded any direct financial funding during the Term pursuant to any Future Government Support Program (any such funds, an “Additional Source of Funding”), the Supplier shall provide written notice to the Buyer within thirty (30) days of receiving any such funding, and together with such notice, the Supplier shall make a payment to the Buyer equal to fifty percent (50%) multiplied by the total amount of the Additional Source of Funding. For clarity, no payment from the Supplier to the Buyer shall be required in relation to the remaining fifty percent (50%) of any Additional Source of Funding. Notwithstanding the foregoing, the treatment of any such Additional Source of Funding under this Agreement shall in no event contravene the requirements of the relevant governmental program and in the case of any such possible contravention, the Supplier shall not participate in the applicable Future Government Support Program without the Buyer’s prior written consent, which may be granted in the Buyer’s sole and absolute discretion.discretion.‌

Appears in 2 contracts

Samples: www.ieso.ca, www.ieso.ca

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