Department's Obligations. (a) The Department will pay the Grant to the Recipient in the instalments (if any) and on the date(s) specified in Item 9 of Schedule 1. (b) The Department may in its absolute discretion, withhold payment of an instalment of the Grant to the Recipient until: (i) the Recipient has shown to the Department’s satisfaction (allowing the Department reasonable time to assess its satisfaction) that it has met all Milestones due on or before the payment date for the instalment; (ii) the Recipient has issued a tax invoice, if applicable, to the Department for the instalment; (iii) the Recipient has submitted to the Department, to the Department’s satisfaction, all Reports due on or before the payment date for the instalment; (iv) the Recipient has provided the Recipient’s Contribution, and has ensured each Partner has provided its Partner Contribution, due on or before the payment date for the instalment; and (v) the Department is reasonably satisfied that the Recipient is not otherwise in breach of this agreement. (c) Any payment to the Recipient by the Department is not an admission or acceptance by the Department that the Recipient has complied with this agreement. (d) The Department may in its absolute discretion, defer, reduce or set-off payment of an instalment of the Grant to the Recipient: (i) where the Recipient holds an unspent Grant amount (including interest accrued); and (ii) until any unspent Grant amount (including interest accrued) is expended in accordance with this agreement (shown by the Recipient to the satisfaction of the Department).
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Samples: Grant Agreement, Grant Agreement, Grant Agreement
Department's Obligations. (a) The Department will pay the Grant to the Recipient in the instalments (if any) and on the date(s) specified in Item 9 Error! Reference source not found. of Schedule 1.
(b) The Department may in its absolute discretion, withhold payment of an instalment of the Grant to the Recipient until:
(i) the Recipient has shown to the Department’s satisfaction (allowing the Department reasonable time to assess its satisfaction) that it has met all Milestones due on or before the payment date for the instalment;
(ii) the Recipient has issued a tax invoice, if applicable, to the Department for the instalment;
(iii) the Recipient has submitted to the Department, to the Department’s satisfaction, all Reports due on or before the payment date for the instalment;
(iv) the Recipient has provided made the relevant Recipient’s Contribution, and Contribution due on or before the payment date for the instalment;
(v) the Recipient has ensured each Partner has provided its made the relevant Partner Contribution, Contribution due on or before the payment date for the instalment; and
(vvi) the Department is reasonably satisfied that the Recipient is not otherwise in breach of this agreement.
(c) Any payment to the Recipient by the Department is not an admission or acceptance by the Department that the Recipient has complied with this agreement.
(d) The Department may in its absolute discretion, defermake a reduced payment under clause 2.1(b) matching the relevant Contribution amount, reduce or set-off payment of an instalment of the Grant to the Recipient:
(i) where if the Recipient holds an unspent Grant amount (including interest accruedhas made a partial relevant Recipient Contribution or ensured a partial Partner Contribution under clause 2.1(b); and
(ii) until any unspent Grant amount (including interest accrued) is expended in accordance with this agreement (shown by the Recipient to the satisfaction of the Department).,
Appears in 1 contract
Samples: Grant Agreement
Department's Obligations. (a) The Department will pay the Grant to the Recipient in the instalments (if any) and on the date(s) specified in Item 9 of Schedule 1.
(b) The Department may in its absolute discretion, withhold payment of an instalment of the Grant to the Recipient until:
(i) the Recipient has shown to the Department’s satisfaction (allowing the Department reasonable time to assess its satisfaction) that it has met all Milestones due on or before the payment date for the instalment;
(ii) the Recipient has issued a tax invoice, if applicable, to the Department for the instalment;
(iii) the Recipient has submitted to the Department, to the Department’s satisfaction, all Reports due on or before the payment date for the instalment;
(iv) the Recipient has provided made the relevant Recipient’s Contribution, and Contribution due on or before the payment date for the instalment;
(v) the Recipient has ensured each Partner has provided its made the relevant Partner Contribution, Contribution due on or before the payment date for the instalment; and
(vvi) the Department is reasonably satisfied that the Recipient is not otherwise in breach of this agreement.
(c) Any payment to the Recipient by the Department is not an admission or acceptance by the Department that the Recipient has complied with this agreement.
(d) The Department may in its absolute discretion, defer, reduce or set-off payment of an instalment of the Grant to the Recipient:
(i) where the Recipient holds an unspent Grant amount (including interest accrued); and
(ii) until any unspent Grant amount (including interest accrued) is expended in accordance with this agreement (shown by the Recipient to the satisfaction of the Department).
Appears in 1 contract
Samples: Grant Agreement