Common use of Adjustment of Cash Flow Clause in Contracts

Adjustment of Cash Flow. 4.6.1 Where any periodic payment set out in Schedule "FED-1" corresponding to a program, service or activity for which funding is provided by DIAND significantly differs from the Recipient's anticipated expenditures for the corresponding period, the Recipient shall promptly notify DIAND and, subject to subsection 4.6.2, propose adjustments to that Schedule accordingly. Canada shall notify the Recipient of acceptance or rejection within thirty (30) days of the Recipient's notification. Where Canada accepts the proposed adjustments, Canada shall attach the adjusted Schedule "FED-1" to Canada's notice of acceptance. The adjusted Schedule "FED-1" will replace the previous Schedule "FED-1".

Adjustment of Cash Flow. 4.6.1 Where any periodic payment set out in Schedule "FED-1" corresponding to a program, service or activity Project for which funding is provided by DIAND significantly differs from the Recipient's anticipated expenditures for the corresponding period, the Recipient shall promptly notify DIAND and, subject to subsection 4.6.2, propose adjustments to that Schedule accordingly. Canada shall notify the Recipient of acceptance or rejection within thirty (30) days of the Recipient's notification. Where Canada accepts the proposed adjustments, Canada shall attach the adjusted Schedule "FED-1" to Canada's notice of acceptance. The adjusted Schedule "FED-1" will replace the previous Schedule "FED-1".

Adjustment of Cash Flow. 4.6.1 Where any periodic payment set out in Schedule "FED-1" corresponding to for a program, service or activity for which funding is provided by DIAND significantly differs from the RecipientCouncil's anticipated expenditures for the corresponding period, the Recipient Council shall promptly notify DIAND and, subject to subsection 4.6.2, propose adjustments to that Schedule accordingly. Canada shall notify the Recipient Council of acceptance or rejection of the proposed adjustments within thirty (30) days of the RecipientCouncil's notification. Where Canada accepts the proposed adjustments, Canada shall attach the adjusted Schedule "FED-1" to Canada's notice of acceptance. The adjusted Schedule "FED-1" will replace the previous Schedule "FED-1".