Common use of Applicant Commitment Clause in Contracts

Applicant Commitment. The Applicant shall: (a) diligently conduct the Project as described in the portions of the Application that were approved by Alberta Innovates, Schedule A, and the Workbook (if there is a Workbook for the Project on the Portal); (b) comply with all requirements set out in this Investment Agreement, Including: completing any Milestones and submitting any Reports as set out in Schedule B; and submitting the Surveys and the Required Reporting Metrics, if any; by the relevant dates. The Applicant acknowledges that: i. failure to complete the Reports, Surveys and Required Reporting Metrics on time may result in the Applicant being ineligible for future funding from Alberta Innovates; and ii. Alberta Innovates will not consider any requests for reimbursement or expenses adjustments, whether in the form of a Report or otherwise, that the Applicant submits after the Report Due Date for the Milestone during which the expenses were incurred; (c) comply with the requirements in the Program Guide, as it may change from time to time; (d) only apply the Investment towards Eligible Expenses during the Project Period. Eligible Expenses are defined in the attached Schedule C: Eligible and Ineligible Expenses ("Schedule C"); (e) if there are any Program Eligibility Requirements, continue to satisfy such Program Eligibility Requirements throughout the Project Period. If the Applicant's circumstances change during the Project Period such that the Applicant no longer satisfies the Program Eligibility Requirements, then the Applicant shall promptly provide Notice to Alberta Innovates of the change; (f) if there are any individual Applicant employees or contractors identified in the Application or in Schedule A or Schedule B as providing services for the Project: (i) ensure its dealings with such individuals are not prohibited by any Applicable Laws Including any Anti-Bribery, Anti-Corruption and Sanctions Laws or Export Control Laws; (ii) assign such individuals to the Project, or otherwise enable such individuals to perform their respective roles in the Project, and (iii) promptly provide Notice to Alberta Innovates if such individuals terminate or change their relationship with the Applicant such that they are no longer performing their agreed roles on the Project; (g) if the Applicant is a Post-secondary Institution, comply with its applicable internal policies Including any applicable policies on research ethics; (h) if and to the extent that any such taxes are payable, it will properly account for, collect, and remit to the appropriate taxing authorities all taxes incurred in undertaking the Project, Including any GST. For clarity, there is no GST payable on payment or receipt of the Investment itself; and (i) if the total Project Costs decrease, promptly provide Notice to Alberta Innovates. Alberta Innovates may Elect to adjust its Investment pro-rata in accordance with such decrease.

Applicant Commitment. The Applicant shall: (a) diligently conduct the Project as described in the portions of the Application that were approved by Alberta Innovates, Schedule A, and the Workbook (if there is a Workbook for the Project on the Portal); (b) comply with all requirements set out in this Investment Agreement, Including: completing any Milestones and submitting any Reports as set out in Schedule B; and submitting the Surveys and the Required Reporting Metrics, if any; by the relevant dates. The Applicant acknowledges that: i. failure to complete the Reports, Surveys and Required Reporting Metrics on time may result in the Applicant being ineligible for future funding from Alberta Innovates; and ii. Alberta Innovates will not consider any requests for reimbursement or expenses adjustments, whether in the form of a Report or otherwise, that the Applicant submits after the Report Due Date for the Milestone during which the expenses were incurred; (c) comply with the requirements in the Program Guide, as it may change from time to time; (d) only apply the Investment towards Eligible Expenses during the Project Period. Eligible Expenses are defined in the attached Schedule C: Eligible and Ineligible Expenses ("Schedule C"); (e) if there are any Program Eligibility Requirements, continue to satisfy such Program Eligibility Requirements throughout the Project Period. If the Applicant's circumstances change during the Project Period such that the Applicant no longer satisfies the Program Eligibility Requirements, then the Applicant shall promptly provide Notice to Alberta Innovates of the change; (f) if there are any individual Applicant employees or contractors identified in the Application or in Schedule A or Schedule B as providing services for the Project: (i) ensure its dealings with such individuals are not prohibited by any Applicable Laws Including any Anti-Bribery, Anti-Anti- Corruption and Sanctions Laws or Export Control Laws; (ii) assign such individuals to the Project, or otherwise enable such individuals to perform their respective roles in the Project, and (iii) promptly provide Notice to Alberta Innovates if such individuals terminate or change their relationship with the Applicant such that they are no longer performing their agreed roles on the Project; (g) if the Applicant is a Post-secondary Institution, comply with its applicable internal policies Including any applicable policies on research ethics; (h) if and to the extent that any such taxes are payable, it will properly account for, collect, and remit to the appropriate taxing authorities all taxes incurred in undertaking the Project, Including any GST. For clarity, there is no GST payable on payment or receipt of the Investment itself; and (i) if the total Project Costs decrease, promptly provide Notice to Alberta Innovates. Alberta Innovates may Elect to adjust its Investment pro-rata in accordance with such decrease.