Common use of Conditions of Grant Clause in Contracts

Conditions of Grant. The payment of any Grant instalment by the Authority to the Grant Recipient shall be subject to the following conditions: (a) Grant instalments shall only be payable: (i) where the Authority has authority to use such funds for the Grant; (ii) within the Grant Period; (iii) where Xxxxx instalments already paid to the Grant Recipient are Committed; and (iv) in so far as a representative of the Authority has been appointed as an observer to and maintains that position on the board of the Grant Recipient; (b) multiple Claim Forms may be submitted in relation to a single Delivery Stage subject to the Delivery Stage Allocation Amount and the Project Specific Allocation Amount and for the avoidance of doubt may be submitted in advance; (c) in relation to each Delivery Stage, no Grant instalment shall be payable to the Grant Recipient to fund that Delivery Stage unless the Relevant Milestone has already been achieved; (d) Claim Forms relating to the Construction Stage shall be submitted no more frequently than every three months; (e) Grant instalments in relation to the Construction Stage will be subject to (f) deductions reflecting any retention amount(s) pursuant to payment certificates under the Building Contract; and (g) the Grant Recipient demonstrating by reference to the construction programme Approved by the Authority that sufficient progress with the construction of the Development has been made; (h) Grant instalments shall not be payable unless: (i) the Authority is otherwise satisfied that sufficient progress with the Project has been made; (ii) the Authority is satisfied that such payment will be used for the proper expenditure in the delivery of the Project.

Conditions of Grant. The payment of any Grant instalment by the Authority to the Grant Recipient shall be subject to the following conditions: (a) Grant instalments shall only be payable: (i) where the Authority has authority to use such funds for the Grant; (ii) within the Grant Period; (iii) where Xxxxx Grant instalments already paid to the Grant Recipient are Committed; and (iv) in so far as a representative of the Authority has been appointed as an observer to and maintains that position on the board of the Grant Recipient; (b) multiple Claim Forms may be submitted in relation to a single Delivery Stage subject to the Delivery Stage Allocation Amount and the Project Specific Allocation Amount and for the avoidance of doubt may be submitted in advance; (c) in relation to each Delivery Stage, no Grant instalment shall be payable to the Grant Recipient to fund that Delivery Stage unless the Relevant Milestone has already been achieved; (d) Claim Forms relating to the Construction Stage shall be submitted no more frequently than every three months; (e) Grant instalments in relation to the Construction Stage will be subject to (f) deductions reflecting any retention amount(s) pursuant to payment certificates under the Building Contract; and (g) the Grant Recipient demonstrating by reference to the construction programme Approved by the Authority that sufficient progress with the construction of the Development has been made; (h) Grant instalments shall not be payable unless: (i) the Authority is otherwise satisfied that sufficient progress with the Project has been made; (ii) the Authority is satisfied that such payment will be used for the proper expenditure in the delivery of the Project.