Common use of Eligible and Ineligible Expenses Clause in Contracts

Eligible and Ineligible Expenses. The Investment shall only be applied towards the Associate’s Eligible Salary. It is a condition of the Investment that Alberta Innovates has the right to require the Applicant to repay to Alberta Innovates any portions of the Investment which were used to cover any expenses other than the monthly Stipend, and such amount shall constitute a debt immediately owing and repayable on demand by the Applicant to Alberta Innovates.

Appears in 4 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

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