Common use of Annual Funding Clause in Contracts

Annual Funding. Subject to the terms of this Agreement, the Funder: 4.1.1 will provide the Funding identified in Schedule A to the Hospital for the purpose of providing or ensuring the provision of the Hospital Services; and 4.1.2 will deposit the Funding in equal installments, twice monthly, over the term of this Agreement, into an account designated by the Hospital provided that the account resides at a Canadian financial institution and is in the name of the Hospital.

Annual Funding. Subject to the terms of this Agreement, the FunderLHIN: 4.1.1 will provide the Funding identified in Schedule A to the Hospital for the purpose of providing or ensuring the provision of the Hospital Services; and 4.1.2 will deposit the Funding in equal installments, twice monthly, over the term of this Agreement, into an account designated by the Hospital provided that the account resides at a Canadian financial institution and is in the name of the Hospital.