Common use of Adjustment of Funding Clause in Contracts

Adjustment of Funding. (a) The Funder may adjust the Funding in any of the following circumstances: (1) in the event of changes to Applicable Law or Applicable Policy that affect Funding; (2) on a change to the Services; (3) if required by either the Director or the Minister under the Act; (4) in the event that a breach of this Agreement is not remedied to the satisfaction of the Funder; and (5) as otherwise permitted by this Agreement. (b) Funding recoveries or adjustments required pursuant to section 5.1(a) may be accomplished through the adjustment of Funding, requiring the repayment of Funding, through the adjustment of the amount of any future funding installments, or through both. Approved Funding already expended properly in accordance with this Agreement will not be subject to adjustment. The Funder will, at its sole discretion, and without liability or penalty, determine whether the Funding has been expended properly in accordance with this Agreement. (c) In determining the amount of a funding adjustment under section 5.1 (a)

Adjustment of Funding. (a) The Funder LHIN may adjust the Funding in any of the following circumstances: (1i) in the event of changes to Applicable Law or Applicable Policy that affect Funding; (2ii) on a change to the Services; (3iii) if required by either the Director or the Minister under the Act; (4iv) in the event that a breach of this Agreement is not remedied to the satisfaction of the FunderLHIN; and (5v) as otherwise permitted by this Agreement. (b) . Funding recoveries or adjustments required pursuant to section 5.1(a) may be accomplished through the adjustment of Funding, requiring the repayment of Funding, Funding and/or through the adjustment of the amount of any future funding installments, or through both. Approved Funding already expended properly in accordance with this Agreement will not be subject to adjustment. The Funder LHIN will, at its sole discretion, and without liability or penalty, determine whether the Funding has been expended properly in accordance with this Agreement. (c) In determining the amount of a funding adjustment under section 5.1 (a)