Common use of FISCAL YEAR BUDGETING Clause in Contracts

FISCAL YEAR BUDGETING. a) The estimated contribution amounts payable by Canada and the Province to the Recipient for each Fiscal Year of the Project are set out in Schedule C (Statement of Financial Contribution). b) If the actual amount payable by Canada and the Province in respect of any Fiscal Year of a Project differs from the estimated amount in Schedule C {Statement of Financial Contribution) of that Project, the Recipient shall request in a timely manner that Canada and the Province re-allocate the difference between the two amounts to a subsequent Fiscal Year of that Project. Subject to subsection 3.3 {Appropriations and Funding Levels) and provided the Recipient has made the request, the Province agrees to make reasonable efforts to accommodate the Recipient's request. The Recipient acknowledges that requests for re-allocation of a Project's funding will require appropriation adjustments or provincial Legislative Assembly approvals. c) In the event that any requested re-allocation of the Project's funding is not approved, the amount of Canada's and the Province's contribution payable pursuant to subsection 3.1 (Contribution by the Province) in respect of that Project may be reduced by the amount of the requested re-allocation. If the contribution payable by the Province pursuant to subsection 3.1 (Contribution by the Province) is so reduced, the Parties agree to review the effects of such reduction on the overall implementation of the Project and to adjust the terms and conditions of this Agreement as appropriate.

FISCAL YEAR BUDGETING. a) The estimated contribution amounts payable by Canada and the Province to the Recipient Nova Scotia for each Fiscal Year of the Project are set out in Schedule C (Statement of Financial Contribution)) for the Project. b) If the actual amount payable by Canada and the Province Nova Scotia in respect of any Fiscal Year of a Project differs from the estimated amount in Schedule C {(Statement of Financial Contribution) of that Project, the Recipient shall request in a timely manner that Canada and the Province re-Nova Scotia re- allocate the difference between the two amounts to a subsequent Fiscal Year of that Project. Subject to subsection Subsection 3.3 {(Appropriations and Funding Levels) and provided the Recipient has made the request, the Province Nova Scotia agrees to make reasonable efforts to accommodate the Recipient's ’s request. The Recipient acknowledges that requests for re-allocation of a Project's ’s funding will require appropriation adjustments or provincial Legislative Assembly approvals. c) In the event that any requested re-allocation of the a Project's ’s funding is not approved, the amount of Canada's and the Province's Nova Scotia’s contribution payable pursuant to subsection 3.1 (Contribution by the ProvinceNova Scotia) in respect of that Project may be reduced by the amount of the requested re-allocation. If the contribution payable by the Province Nova Scotia pursuant to subsection 3.1 (Contribution by the ProvinceNova Scotia) is so reduced, the Parties agree to review the effects of such reduction on the overall implementation of the that Project and to adjust the terms and conditions of this Agreement as appropriate.

FISCAL YEAR BUDGETING. a) The estimated contribution amounts payable by Canada and the Province to the Recipient for each Fiscal Year of the Project are set out in Schedule C (Statement of Financial Contribution). b) If the actual amount payable by Canada and the Province in respect of any Fiscal Year of a Project differs from the estimated amount in Schedule C {(Statement of Financial Contribution) of that Project, the Recipient shall submit a request in a timely manner that Canada and to the Province re-to re- allocate the difference between the two amounts to a subsequent Fiscal Year of that Project. Subject to subsection 3.3 {(Appropriations and Funding Levels) and provided the Recipient has made the request, the Province agrees to make reasonable efforts to accommodate the Recipient's ’s request. The Recipient acknowledges that requests for re-allocation of a Project's ’s funding will require appropriation adjustments or provincial Legislative Assembly approvalsadjustments. c) In the event that any requested re-allocation of the a Project's ’s funding is not approved, the amount of Canada's and the Province's ’s contribution payable pursuant to subsection 3.1 (Contribution by the ProvinceCanada) in respect of that Project may be reduced by the amount of the requested re-allocation. If the contribution payable by the Province Canada pursuant to subsection 3.1 (Contribution by the ProvinceCanada) is so reduced, the Parties agree to review the effects of such reduction on the overall implementation of the that Project and to adjust the terms and conditions of this Agreement as appropriate.

FISCAL YEAR BUDGETING. a) The estimated contribution amounts payable by Canada and the Province to the Recipient for each Fiscal Year of the Project are set out in Schedule C (Statement of Financial Contribution). b) If the actual amount payable by Canada and the Province in respect of any Fiscal Year of a Project differs from the estimated amount in Schedule C {(Statement of Financial Contribution) of that Project, the Recipient shall request in a timely manner that Canada and the Province re-allocate the difference between the two amounts to a subsequent Fiscal Year of that Project. Subject to subsection 3.3 {(Appropriations and Funding Levels) and provided the Recipient has made the request, the Province agrees to make reasonable efforts to accommodate the Recipient's ’s request. The Recipient acknowledges that requests for re-allocation of a Project's ’s funding will require appropriation adjustments or provincial Legislative Assembly approvals. c) In the event that any requested re-allocation of the a Project's ’s funding is not approved, the amount of Canada's Canada and the Province's ’s contribution payable pursuant to subsection 3.1 (Contribution by the Province) in respect of that Project may be reduced by the amount of the requested re-allocation. If the contribution payable by the Province pursuant to subsection 3.1 (Contribution by the Province) is so reduced, the Parties agree to review the effects of such reduction on the overall implementation of the that Project and to adjust the terms and conditions of this Agreement as appropriate.