Common use of EECA Funding Clause in Contracts

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 XXXX 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 Project.

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 XXXX EECA 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 Project.

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 XXXX EECA 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.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 lawto 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 Project.

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 will pay the Recipient the EECA Funding, applicable to and Funding in yy instalments based on the achievement of each Milestonethe milestones by the relevant Completion Dates. The milestones are set out in item 2 of the Schedule. 4.2 To receive EECA Funding, the Recipient must provide EECA with a Claim and the applicable Project Report. The Claim will contain that contains at least the following details: (a) the Recipient's name, address and GST number; (b) the Proposal number (refer Schedule 1); (c) the Milestone milestone against which the Claim is being made; (dc) evidence of completion of the relevant milestone (e.g. receipts or proof of purchases, photosunless otherwise agreed by EECA); and (ed) 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 XXXX EECA receives a valid Claim by the 10th of the month following the month that which 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 on 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 (if applicable) from the Recipient, including any other evidence not stipulated in the reporting requirements, necessary to demonstrate Recipient 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 Project.