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 usethe Fundingforcompensationincreases 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 LHIN and is subject to a year-end reconciliation. The LHIN may deduct the amount equal tothe Interest Income fromanyfurtherfundinginstalmentsunderthisoranyotheragreementwiththe HSP or the LHIN may require the HSP to pay an amount equal to the unused Interest Income tothe 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 usethe Fundingforcompensationincreases Fundingforcompensation 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 LHIN and is subject to a year-end reconciliation. The LHIN may deduct the amount equal tothe to the Interest Income fromanyfurtherfundinginstalmentsunderthisoranyotheragreementwiththe HSP or the LHIN may require the HSP to pay an amount equal to the unused Interest Income tothe 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 usethe Fundingforcompensationincreases Fundingforcompensation 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 LHIN and is subject to a year-end reconciliation. The LHIN may deduct the amount equal tothe to the Interest Income fromanyfurtherfundinginstalmentsunderthisoranyotheragreementwiththe fromanyfurtherfundinginstalments underthis or any other agreementwiththe HSP or the LHIN may require the HSP to pay an amount equal to the unused Interest Income tothe to the Ministry of Finance.