Financial subsidy Sample Clauses
A financial subsidy clause outlines the terms under which one party provides monetary support or assistance to another party within a contractual relationship. Typically, this clause specifies the amount, timing, and conditions for the subsidy, such as performance milestones or compliance with certain requirements. Its core practical function is to ensure that the recipient receives necessary financial resources to fulfill obligations or achieve project goals, thereby reducing financial risk and supporting successful contract performance.
Financial subsidy. 4.2.1 The Government shall provide recurrent and/or non-recurrent financial subsidy to the IMC subject to the terms and conditions of this Agreement and the Government’s prevailing education policy.
4.2.2 The IMC shall apply the subsidy for the designated purpose in accordance with the DSS and circulars issued by the Education Bureau from time to time.
Financial subsidy. 4.2.1 The Government shall provide recurrent and/or non-recurrent financial subsidy to the SMC subject to the terms and conditions of this Agreement and the Government’s prevailing education policy.
4.2.2 The SMC shall apply the subsidy for the designated purpose in accordance with the DSS and circulars issued by the Education Bureau from time to time.