Conditions on Funding Sample Clauses

Conditions on Funding. 4.5.1 The Hospital will: use the Funding only for the purpose of providing the Hospital Services in accordance with the terms of this Agreement and any amendments to this Agreement, whether by funding letter or otherwise; not use in-year Funding for major building renovations or construction, or for direct expenses relating to research projects; and, plan for and maintain an Annual Balanced Operating Budget.
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Conditions on Funding. 4.5.1 The Hospital will:
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Conditions on Funding. Hospital Service Accountability Agreement April 1, 2023 - March 31, 2024 10 4.5.1 The Hospital will: use the Funding only for the purpose of providing the Hospital Services in accordance with the terms of this Agreement and any amendments to this Agreement, whether by funding letter or otherwise; not use in-year Funding for major building renovations or construction, or for direct expenses relating to research projects; and, plan for and maintain an Annual Balanced Operating Budget.
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Conditions on Funding. 4 5. UNEXPENDED FUNDS 6 6. PROJECT 6 7. VARIATION OF PROJECT BRIEF 7 8. NATURE OF RELATIONSHIP 7
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Conditions on Funding. 4.5.1 The Hospital will: use the Funding only for the purpose of providing the Hospital Services in accordance with the terms of this Agreement and any amendments to this Agreement, whether by funding letter or otherwise; not use in-year Funding for major building renovations or construction, or for direct expenses relating to research projects; and, plan for and maintain an Annual Balanced Operating Budget. Facilitating an Annual Balanced Operating Budget. The parties will work together to identify budgetary flexibility and manage in-year risks and pressures to facilitate the achievement of an Annual Balanced Operating Budget for the Hospital. Waiver. Upon written request of the Hospital, the Funder may, in its discretion, waive the obligation to achieve an Annual Balanced Operating Budget on such terms and conditions as the Funder may deem appropriate. Where such a waiver is granted, it and the conditions attached to it will form part of this Agreement. 4.5.2 All Funding is subject to all Applicable Law and Applicable Policy.
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Related to Conditions on Funding

  • Conditions of Funding (a) The HSP will: fulfill all obligations in this Agreement; use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; spend the Funding only in accordance with the Service Plan; and plan for and achieve an Annual Balanced Budget. (b) The Funder may add such additional terms or conditions on the use of the Funding which it considers appropriate for the proper expenditure and management of the Funding. (c) All Funding is subject to all Applicable Law and Applicable Policy.

  • Limitations on Guarantees The obligations of each Guarantor under its Guarantee are limited to the maximum amount which, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, will result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law.

  • Limitations on Use No part of the moneys delivered to the Recipient pursuant to Section II hereof is being or will be used to refinance, retire, redeem, or otherwise pay debt service on all or any part of any part of any governmental obligations regardless of whether the interest on such obligations is or was excluded from gross income for federal income tax purposes unless prior approval by the Director is given.

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