Distribution of Funding. The Project Owner receives and administers the Research Council's and the Parties' financial contributions to the Project. The Project Owner disburses funds in accordance with the adopted Work Plan, reports approved by the Research Council and invoicing procedures as set out in Section 7.4. Parties are only entitled to receive payment for the duties they undertake / subcontract and costs they have incurred in accordance with the adopted Work Plan. In accordance with its own auditing and management principles, each of the Parties shall be solely responsible for documenting its own project costs, both towards the Research Council and to the other Parties. Documentation shall be provided at the request of either the Project Owner or the Research Council. A Party using less than its allocated share of the project funds will only receive payment for its actual and justified costs, in accordance with the Work Plan. A Party using more than its allocated share of the project funds will only receive payment for the actual and justified costs up to the amount equalling that allocated share of project funds. Disbursed funding that a Party is unable to document as actual and eligible costs in accordance with the Work Plan shall be repaid. A Defaulting Party shall also cover any additional costs incurred by the other Parties as a result of the breach.
Distribution of Funding. [Note: This reflects funding from the Eligible Organisation to the Participating Institutions as collaborators on the Project. Organisations providing only services, including only acting as a site for the clinical trial, should not be included as a party to the agreement.]
Distribution of Funding. (a) Subject to clause 5.2(c), UNSW must pay each Participating Institution the Funding amount specified in Schedule 2 to be paid to that Participating Institution. UNSW will pay those amounts at the times and in the manner specified in Schedule 2.
(b) If payment in Schedule 2 is specified as being paid on a milestone, UNSW will not be obliged to pay any Funding until the milestone has been achieved to the satisfaction of UNSW.
(c) UNSW is not obliged to make any payment under this Agreement unless and until UNSW has received the corresponding Funding from NHMRC and, if relevant, the Participating Institution has complied with its obligation to provide its Cash Contributions.
Distribution of Funding. 9.1.1 The Project Owner receives and manages the financial contributions to the Project from the Funding Authority and the Parties contributing with cash financing to the Research Centre. The Project Owner disburses payments in accordance with the adopted Work Plan, reports approved by the Funding Authority and according to the routines set out in Section 7.4.
9.1.2 Parties are only entitled to receive payment for the work performed and costs incurred in accordance with the adopted Work Plan.
9.1.3 In accordance with its own auditing and management principles, each of the Parties shall be solely responsible for documenting its own Project costs, both towards the Funding Authority and to the other Parties. Documentation shall be provided at the request of either the Project Owner or the Funding Authority.
9.1.4 A Party using less than its allocated share of the project funds will only receive payment for its actual and justified costs, in accordance with the Work Plan. A Party using more than its
9.1.5 Disbursed funding that a Party is unable to document as actual and eligible costs in accordance with the Work Plan shall be repaid. A Defaulting Party shall also cover any direct and immediate loss incurred by the other Parties due to the breach.
Distribution of Funding. A member from the IRC will be designated to distribute the funding for the Fundamental Research Component to all Members (i.e., Principal and General) of the Consortium. Subawardee funding will be provided to the Consortium Member with which the Subawardee has or will have a legal relationship. NOTE: That means for proposal preparation purposes, each ARC and the IRC are to propose using the funding levels stipulated in PART III, including General Members and Subawardees as appropriate. However, during performance the IRC Member will be distributing the funding to all Principal and General Members. Subawardee funding will be provided to the Member engaging the Subawardee. That means if you are not the IRC member designated to distribute the funding, during performance you will be only receiving the funding for your organization and any subawardees engaged by your organization. Further, if you are the IRC member designated to distribute the funding, that means you will be receiving all of the Consortium funding (not just the portion for the IRC), and you will have to distribute this funding to all Principal and General Members of the Consortium. Offerors submitting proposals for the IRC are cautioned to include any and all applicable indirect costs associated with the distribution of funding.
Distribution of Funding. Table 1:
Distribution of Funding. The Administering Organisation will transfer portions of the Funding to the Collaborating Organisations as set out in Table 2 of Schedule 2 subject always to receipt of corresponding Funding from the ARC and Cash Contributions from each Collaborating Organisation. An Other Eligible Organisation must apply the Funding paid pursuant to clause 5.9 only for payment of expenses incurred and work undertaken in the conduct of the Project and must provide an annual financial acquittal to the Administering Organisation by 31 January of each year, for the Funding transferred to it in the previous calendar year. An Other Eligible Organisation must also provide to the Administering Organisation any other assistance it may reasonably require to satisfy the Partner Organisations and the ARC that funds were expended by the Other Eligible Organisation in accordance with the terms and conditions of this Agreement and the Funding Agreement. If the Administering Organisation incurs an obligation to a Collaborating Organisation or to the ARC with respect to an expenditure by an Other Eligible Organisation which is not authorised by this Agreement or the Funding Agreement, the relevant Other Eligible Organisation will return to the Administering Organisation, within 30 days of being requested to do so, the amount of funding that the Administering Organisation owes to the Partner Organisation or to the ARC on account of the relevant Other Eligible Organisation's unauthorised expenditure. Each Party must keep clear records of and account for all cash and in-kind Contributions made to the Project and for any Funding it receives pursuant to this clause 5. It is the responsibility of the Administering Organisation and/or Other Eligible Organisation at which a PhD Stipend recipient is enrolled to: manage the candidature of its PhD Stipend recipients in accordance with its legislation, policies and procedures; and assume responsibility for all costs of its PhD stipend recipient's candidature including, but not limited to, costs of relocation, periods of leave and thesis production.
Distribution of Funding. The Project Owner receives and administers the Research Council's financial contribution to the Project. All project funds and budgets are stated in NOK and are paid in NOK. Each of the Parties shall, in accordance with its own audit and management principles, be fully responsible for documenting its project costs, both to the Research Council and to the other Parties. Documentation must be provided at the request of either the Project Owner or the Research Council. A Party that uses less than the allocated share of the Project funds will only be reimbursed for its actual and justified costs in accordance with the Project Description. A Party that uses more than the allocated share of the Project funds will only have actual and justified costs covered upwards limited to the size of the allocated share of Project funds. Costs for “Other operating expenses” can be distributed/reimbursed to the Parties, if agreed in advance with the Project Owner. In order to approve such a reimbursement, the Project Owner will in advance require a budget for the activity, and the cost must be within the budget limitation of the project.
