Common use of Conditions of Investment Clause in Contracts

Conditions of Investment. Alberta Innovates’ obligation to pay the Investment, or any portion or installment thereof, is conditional on: (a) Alberta Innovates receiving its anticipated funding from the Government of Alberta; (b) if Alberta Innovates anticipates receiving any funding from Funding Partners who have agreed to provide funding to Alberta Innovates and which funding Alberta Innovates intends to apply towards the Investment, Alberta Innovates receiving such anticipated funding; (c) if the Program Guide or this Investment Agreement requires the Applicant to obtain any funding from Funding Partners, the Applicant either receiving the anticipated funding from the Funding Partner, or executing a binding funding agreement with the Funding Partner for the anticipated funding and that agreement remaining in place for the anticipated duration; (d) the Applicant at all times being in compliance with this Investment Agreement; (e) the Project progressing as set out in Schedule B; (f) if any Reports are required by Schedule B, the Applicant submitting such Reports, and such Reports being approved by Alberta Innovates in its sole discretion; (g) if there are any Surveys or Required Reporting Metrics, the Applicant complying with the Surveys and Required Reporting Metrics duties that have been communicated to it by Alberta Innovates and are due prior to the relevant Expected Payment Date, and such Required Reporting Metrics being approved by Alberta Innovates in its sole discretion; (h) the Project being completed by the Project Completion Date; and (i) if any Applicant Contribution is required, the Applicant paying such Applicant Contribution towards the Project Costs.

Conditions of Investment. Alberta Innovates’ ' obligation to pay the Investment, or any portion or installment thereof, is conditional on: (a) Alberta Innovates receiving its anticipated funding from the Government of Alberta; (b) if Alberta Innovates anticipates receiving any funding from Funding Partners who have agreed to provide funding to Alberta Innovates and which funding Alberta Innovates intends to apply towards the Investment, Alberta Innovates receiving such anticipated funding; (c) if the Program Guide or this Investment Agreement requires the Applicant to obtain any funding from Funding Partners, the Applicant either receiving the anticipated funding from the Funding Partner, or executing a binding funding agreement with the Funding Partner for the anticipated funding and that agreement remaining in place for the anticipated duration; (d) the Applicant at all times being in compliance with this Investment Agreement; (e) the Project progressing as set out in Schedule B; (f) if any Reports are required by Schedule B, the Applicant submitting such Reports, and such Reports being approved by Alberta Innovates in its sole discretion; (g) if there are any Surveys or Required Reporting Metrics, the Applicant complying with the Surveys and Required Reporting Metrics duties that have been communicated to it by Alberta Innovates and are due prior to the relevant Expected Payment Date, and such Required Reporting Metrics being approved by Alberta Innovates in its sole discretion; (h) the Project being completed by the Project Completion Date; and (i) if any Applicant Contribution is required, the Applicant paying such Applicant Contribution towards the Project Costs.

Conditions of Investment. Alberta Innovates’ obligation to pay the Investment, or any portion or installment thereof, is conditional on: (a) Alberta Innovates receiving its anticipated funding from the Government of Alberta; (b) if Alberta Innovates anticipates receiving any funding from Funding Partners who have agreed to provide funding to Alberta Innovates and which funding Alberta Innovates intends to apply towards the Investment, Alberta Innovates receiving such anticipated funding; (c) if the Program Guide or this Investment Agreement requires the Applicant to obtain any funding from Funding Partners, the Applicant either receiving the anticipated funding from the Funding Partner, or executing a binding funding agreement with the Funding Partner for the anticipated funding and that agreement remaining in place for the anticipated duration; (d) the Applicant at all times being in compliance with this Investment Agreement; (e) the Project progressing as set out in Schedule B; (f) if any Reports are required by Schedule B, the Applicant submitting such Reports, and such Reports being approved by Alberta Innovates in its sole discretion; (g) if there are any Surveys or Required Reporting Metrics, the Applicant complying with the Surveys and Required Reporting Metrics duties that have been communicated to it by Alberta Innovates and are due prior to the relevant Expected Payment Date, and such Required Reporting Metrics being approved by Alberta Innovates in its sole discretion; (h) the Project being completed by the Project Completion Date; and (i) if any Applicant Contribution is required, the Applicant paying such Applicant Contribution towards Contributiontowards the Project Costs.