Common use of Final Reconciliation Clause in Contracts

Final Reconciliation. At the end of the Term or upon termination of this Agreement, the Housing Provider shall promptly complete and submit a final reconciliation to CMHC or its representative for review and approval. Following the review and approval of the reconciliation: (i) any surplus of funding received under this Agreement will be reimbursed to CMHC within thirty (30) calendar days from the approval of the reconciliation and, (ii) on condition that the Housing Provider is not in breach of this Agreement, any deficiency in funding under this Agreement will be made to the Housing Provider within thirty (30) calendar days from the approval of the reconciliation, upon which CMHC will have no further liability of any kind to the Housing Provider.