Common use of Conditions of Funding Clause in Contracts

Conditions of Funding. (a) The HSP will: (1) use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; (2) not use the Funding for compensation increases prohibited by Applicable Law; (3) meet all obligations in the Schedules; (4) fulfill all other obligations under this Agreement; and (5) plan for and achieve an Annual Balanced Budget. (b) Interest Income will be reported to the Funder and is subject to a year-end reconciliation. The Funder may deduct the amount equal to the Interest Income from any further funding instalments under this or any other agreement with the HSP or the Funder may require the HSP to pay an amount equal to the unused Interest Income to the Ministry of Finance.

Conditions of Funding. (a) The HSP will: (1) use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; (2) not use the Funding for compensation increases prohibited by Applicable Law; (3) meet all obligations in the Schedules; (4) fulfill all other obligations under this Agreement; and (5) plan for and achieve an Annual Balanced Budget. (b) Interest Income will be reported to the Funder LHIN and is subject to a year-end reconciliation. The Funder LHIN may deduct the amount equal to the Interest Income from any further funding instalments under this or any other agreement with the HSP or the Funder LHIN may require the HSP to pay an amount equal to the unused Interest Income to the Ministry of Finance.

Conditions of Funding. (a) The HSP will: (1i) use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; (2ii) not use the Funding for compensation increases prohibited by Applicable Law; (3iii) meet all obligations in the Schedules; (4iv) fulfill all other obligations under this Agreement; and (5v) plan for and achieve maintain an Annual Balanced Budget. (b) Interest Income will be reported to the Funder LHIN and is subject to a year-end reconciliation. The Funder LHIN may deduct the amount equal to the Interest Income from any further funding instalments under this or any other agreement with the HSP or the Funder LHIN may require the HSP to pay an amount equal to the unused Interest Income to the Ministry of Finance.

Conditions of Funding. (a) The HSP will: (1) use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; (2) not use the Funding for compensation increases prohibited by Applicable Law; (3) meet all obligations in the Schedules; (4) fulfill all other obligations under this Agreement; and (5) plan for and achieve an Annual Balanced Budget. (b) Interest Income will be reported to the Funder LHIN and is subject to a year-end reconciliation. The Funder LHIN may deduct the amount equal to the Interest Income from any further funding instalments installments under this or any other agreement with the HSP or the Funder LHIN may require the HSP to pay an amount equal to the unused Interest Income to the Ministry of Finance.

Conditions of Funding. (a) The HSP will: (1) : use the Funding only for the purpose of providing the Services at the Home for which the Funding was provided in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; (2) ; not use the Funding for compensation increases prohibited by Applicable Law; (3) ; meet all obligations in the Schedules; (4) ; fulfill all other obligations under this Agreement; and (5) and plan for and achieve an Annual Balanced Budget. (b) . Interest Income will be reported to the Funder LHIN and is subject to a year-end reconciliation. The Funder LHIN may deduct the amount equal to the Interest Income from any further funding instalments under this or any other agreement with the HSP or the Funder LHIN may require the HSP to pay an amount equal to the unused Interest Income to the Ministry of Finance.