Conditions Applicable to VHS’s Receipt and Use of Funds Sample Clauses

Conditions Applicable to VHS’s Receipt and Use of Funds. The Commonwealth’s goal is for VHS to receive, obligate and expend the mitigation funds paid by MVP under this Agreement in a manner that furthers the goals and objectives of this Agreement. As further assurance to the Commonwealth that VHS will fully cooperate with the Commonwealth in the performance of its mitigation efforts, and as assurance to MVP of its right to the return of the Mitigation Amount under the limited circumstances set forth in this Agreement, VHS shall be required to execute a binding and enforceable Mitigation Partner Memorandum of Agreement substantially in the form shown in Attachment B hereto prior to its receipt of mitigation funds hereunder. If VHS were to refuse to execute such agreement in a timely manner, the Commonwealth may elect to seek a modification, including a substitute mitigation partner, pursuant to this Paragraph 4. MVP shall have no responsibility of any kind for the failure of VHS or any substitute mitigation partner entity to execute such agreement in a timely manner, to accept funds that MVP is ready and willing to transfer pursuant to this Agreement, to comply with this Agreement, or to meet the expectations of the Commonwealth, nor shall any such failure by VHS or any substitute mitigation partner in any way delay, impair or prevent MVP from proceeding with the Project.
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Related to Conditions Applicable to VHS’s Receipt and Use of Funds

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