ANNUAL GRANT REVIEW. 6.1. The Grant will be reviewed annually and will take into account the Recipient’s delivery (during the Funding Period) of the Funded Activities against the KPIs and/or agreed outputs set out in the Offer Letter. As part of the annual review the Authority will have regard to the reports produced by the Recipient in accordance with clauses 7.2 and 8.1. 6.2. Each annual review may result in the Authority taking one or more of the following steps: 6.2.1. deciding that the Funded Activities and Agreement continue in line with existing plans; 6.2.2. increasing or decreasing the Grant for the subsequent financial year; 6.2.3. requiring the KPIs to be re-defined and agreed; 6.2.4. requiring the Recipient to repay unspent or surplus Grant; 6.2.5. terminate the Agreement; or 6.2.6. any other action it deems reasonable in the circumstances. provided that the Authority shall always consult with the Recipient before taking such a step(s). 6.3. The Recipient may make representations to the Authority regarding any decision made in accordance with clause 6.2. The Authority is not however obliged to take such representations into account.
Appears in 4 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
