EECA Funding Sample Clauses

The EECA Funding clause outlines the terms and conditions under which financial support is provided by the Energy Efficiency and Conservation Authority (EECA) for a project or initiative. Typically, this clause specifies the amount of funding, the eligible uses of the funds, and any reporting or compliance requirements that recipients must meet. For example, it may require recipients to submit progress reports or evidence of expenditure to ensure funds are used appropriately. The core function of this clause is to ensure transparency and accountability in the allocation and use of EECA-provided funds, thereby safeguarding public resources and supporting the intended energy efficiency outcomes.
EECA Funding. 4.1 Subject to the funding criteria in item 4 of Schedule 1, and the Recipient's compliance with this Agreement, EECA agrees to pay the Recipient the EECA Funding, applicable to and on the achievement of each Milestone. 4.2 To receive EECA Funding, the Recipient must provide EECA with a Claim and the applicable Project Report. The Claim will contain at least the following details: (a) the Recipient's name, address and GST number; (b) the Proposal number (refer Schedule 1); (c) the Milestone against which the Claim is being made; (d) evidence of completion of the relevant milestone (e.g. receipts or proof of purchases, photos); and (e) the amount and GST due. 4.3 Following the receipt and approval of a Claim, EECA will provide the Recipient with a buyer created invoice at the time of making payment. 4.4 Subject to clause 4.5, if ▇▇▇▇ receives a valid Claim by the 10th of the month following the month that the Claim relates to, EECA will pay the sum set out in the Claim on the 20th day of that month. Any valid Claims received after the 10th of the month will be paid by the 20th of the following month. 4.5 If EECA disputes the sum in any Claim: (a) EECA will notify the Recipient of the dispute following receipt of the Claim; (b) EECA will pay the undisputed portion of the Claim in accordance with clause 4.4; and (c) the disputed portion will be dealt with under clause 11 (Disputes). 4.6 EECA is not under any obligation to make any payment under this Agreement until EECA has received: (a) a valid Claim for the EECA Funding from the Recipient; and (b) reasonably satisfactory evidence from the Recipient, including any other evidence not stipulated in the reporting requirements, necessary to demonstrate that the relevant milestone has been completed in accordance with this Agreement. 4.7 If EECA is required by law to withhold any taxes from any payment required to be made by it under this Agreement, payment of the valid Claims shall be deemed to have been made in full if EECA makes payment of the invoiced sum, less the taxes so required to be withheld. 4.8 The Recipient agrees and warrants that it will use EECA Funding only for the purposes set out in this Agreement. If any of the EECA Funding is not used for the purpose of the Project, the Recipient must immediately repay the EECA Funding. 4.9 The Recipient agrees that it has not received and will not receive any other New Zealand Government funding (including from any Crown entity) in connection with this Proje...
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EECA Funding. 4.1 EECA will pay the EECA Funding in Instalments in accordance with item 9 of Schedule 1. 4.2 The EECA Funding payable under this Agreement will not exceed the Maximum Funding Amount. In addition, the Instalment payable is the maximum payment to be made by EECA for completion of the applicable Project Milestone and the Instalment payable must not exceed the percentage amount specified in item 7 of Schedule 1 of the actual costs of delivery of the relevant Milestone. 4.3 To receive EECA Funding, the Recipient must provide EECA with a Request and any Project Report that is a Deliverable for that Milestone. The Request will contain at least the following details: (a) the Recipient's name, address and if applicable, GST number and a valid GST invoice complying with the Goods and Services Tax Act 1985; (b) the Proposal number (refer Schedule 1); (c) the Milestone against which the Request is being made and the amount of EECA Funding which is requested, which must not exceed the applicable Instalment payable and must be in accordance with clause 4.2 and the amount of GST due; (d) if the Request relates to costs incurred by the Recipient from third parties a completed Milestone Expenditure Report. (e) reasonable evidence of completion of the relevant Milestone; (f) certification signed by an authorised signatory of the Recipient confirming, in respect of the Project: (i) that the applicable Milestone has been satisfied and that the costs included in the Request are qualifying costs and have been paid or are due and payable to the Recipient's contractors to the Project; (ii) the cost to complete the Project, and confirms that the Recipient can pay all costs in respect of the Project as and when they fall due; (iii) that the amount claimed in the Request does not exceed the percentage amount specified in item 7 of Schedule 1 of the actual costs of delivery of the relevant Milestone; (iv) subject to (v) below, that the Project is on track to be fully commissioned and operational by the due date of the relevant Milestone in Schedule 1; (v) any changes needed to the Schedules or variations to the Agreement; (vi) that the Recipient is in compliance with the terms of this Agreement and no Termination Event is subsisting and that each of the warranties under this Agreement are correct as at the date of the Request; and (g) any other information reasonably required by EECA. 4.4 Subject to clause 4.5, if ▇▇▇▇ receives a valid Request by the 10th of the month following the...
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EECA Funding. 4.1 EECA will pay the EECA Funding in Payment Milestones. EECA is not required to pay a Payment Milestone until the relevant Milestone for that Payment Milestone has been satisfied (including, if applicable, by reference to the applicable Project deliverable set out in item 6 of Schedule 1), and the Recipient has submitted a corresponding Request and the applicable Project Report in accordance with this Agreement.
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Related to EECA Funding

  • Loan Funding The sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) is $ .

  • Fiscal Funding Notwithstanding any other provision of this agreement, the parties hereto agree that the charges hereunder are payable to the Contractor by the District solely from appropriations received by District. In the event such appropriations are determined by the Chief Financial Officer/Comptroller of the District to no longer exist or to be insufficient with respect to the charges payable hereunder, this Agreement shall immediately terminate without further obligation to the District upon notice that such appropriations no longer exist and are insufficient.

  • Per-pupil Funding The School's non-facility general fund per-pupil funding shall be as defined in Sec. 302D-28, HRS. The Commission shall distribute the School's per-pupil allocation each fiscal year pursuant to Sec. 302D-28(f), HRS, and shall provide the School with the calculations used to determine the per-pupil amount each year. All funds distributed to the School from the Commission shall be used solely for the School's educational purposes as appropriated by the Legislature, and the School shall have discretion to determine how such funding shall be allocated at the school level to serve those purposes subject to applicable laws and this Contract.

  • Program Funding Upon entry into force of this Compact, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Eight Million Eight Hundred Fifty Thousand United States Dollars (US$408,850,000) to support the Program (“Program Funding”). The allocation of Program Funding is generally described in Annex II to this Compact.

  • Initial Funding The obligations of the Lenders to make ---------------- their Loans under the Initial Funding shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 13.02): (a) The Administrative Agent, the Arranger and the Lenders shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. (b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower setting forth (i) resolutions of its managing member with respect to the authorization of the Borrower to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (ii) the officers or other designated persons of the Borrower (y) who are authorized to sign the Loan Documents to which the Borrower is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and (iv) the certificate of incorporation and bylaws, as amended, of the Borrower, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. (c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to the existence, qualification and good standing of the Borrower. (d) The Administrative Agent shall have received a compliance certificate which shall be substantially in the form of Exhibit D, duly and --------- properly executed by a Responsible Officer and dated as of the date of Effective Date. (e) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative Agent) of this Agreement signed on behalf of such party. (f) The Administrative Agent shall have received duly executed Notes payable to the order of each Lender in a principal amount equal to its Commitment dated as of the date hereof. (g) The Borrower shall have delivered to the Administrative Agent the Initial Funding Disbursement Request in the amount of $3,700,000. (h) The Administrative Agent shall have received from the Borrower duly executed counterparts of the ORRI Conveyance for each Lenders with respect to the Borrower's Oil and Gas Properties as of the date of such funding. (i) The Administrative Agent shall have received from U.S. Energy Corp. duly executed counterparts of the Warrant Agreement for each Lender. (j) The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments, including the Security Agreement, the Pledge Agreement and the other Security Instruments described on Exhibit F-1. In connection with the execution and delivery of the Security ------------ Instruments, the Administrative Agent shall: (i) be reasonably satisfied that the Security Instruments create first priority, perfected Liens on the Collateral, such Liens being subject only to Excepted Liens identified in clauses (a) to (d) and (e) of the definition thereof, but subject to the provisos at the end of such definition; and (ii) have received certificates, together with undated, blank stock powers for each such certificate, representing all of the issued and outstanding Equity Interests of the Borrower. (k) The Administrative Agent shall have received an opinion of ▇▇▇▇▇▇ & ▇▇▇▇▇▇, special counsel to the Borrower, substantially in the form of Exhibit E hereto. ---------- (l) The Administrative Agent shall have received a certificate of insurance coverage of the Borrower evidencing that the Borrower and the Operator are carrying insurance in accordance with Section 8.13. (m) The Administrative Agent shall have received title information as the Administrative Agent may require satisfactory to the Administrative Agent setting forth the status of title to the Oil and Gas Properties evaluated in the Initial Reserve Report as of the Effective Date. (n) The Administrative Agent shall be satisfied with the environmental condition of the Oil and Gas Properties of the Borrower and have received such reports as in form and scope satisfactory to the Administrative Agent and the Lenders as they may request related thereto, including a Phase 1 Environmental Report with respect to all ▇▇▇▇▇ a part of the Oil and Gas Properties of the Borrower. (o) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the Borrower and the Operator have received all consents and approvals required by Section 8.03. (p) The Administrative Agent shall have received (i) the financial statements referred to in Section 8.04(a), (ii) the Initial Reserve Report accompanied by a certificate covering the matters described in Section 9.12(b) and (iii) copies of all material contracts or agreements, including, but not limited to, all operating agreements covering the Oil and Gas Properties, as well as all marketing, transportation, and processing agreements related to such Oil and Gas Properties. (q) The Administrative Agent shall have received appropriate UCC search certificates reflecting no prior Liens encumbering the Properties the Borrower for each of the following jurisdictions: State of Wyoming, Albany, Converse, Platte, Campbell, and ▇▇▇▇▇▇▇ Counties, and any other jurisdiction requested by the Administrative Agent. (r) The Administrative Agent shall have received evidence that the Borrower has purchased one or more commodity price floors, collars or swaps acceptable to Administrative Agent and the Arranger (i) with one or more Approved Counterparties, and (ii) that have aggregate notional volumes of not less than 75% of the reasonably estimated projected natural gas production of currently producing ▇▇▇▇▇ of Borrower for the first 24 months following the date hereof, in each case, from its Proved Developed Producing Reserves, as determined by reference to the Initial Reserve Reports. (s) The Administrative Agent shall be satisfied that there are no negative price deviations in the oil and gas prices that would have a Material Adverse Effect on the value of the Borrower's Oil and Gas Properties. (t) The Administrative Agent shall be satisfied that there has been no Material Adverse Effect to the Borrower since December 1, 2003. (u) The Administrative Agent shall have received Letters-in-Lieu executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (v) The Administrative Agent shall have received Direction Letters executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (w) Since December 1, 2003, there shall not have been any disruption or adverse change in the financial or capital markets. (x) The Borrower and the Lenders shall have agreed upon the Development Plan. (y) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the Administrative Agent may reasonably request. The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 13.02) at or prior to 2:00 p.m., New York, New York time, on February 15, 2004 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time).