Funding Agreement Details. 1.1 THE SPI shall provide the Activities specified in Schedule 1 of this Funding Agreement and subject to the terms and conditions of the Funding Agreement as detailed and in accordance with the Funding Guidance 2015 to 16 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance
2.1 THE EFA agrees to pay to THE SPI the amounts set out in the Payments Schedule on condition that THE SPI delivers the Activities and provision in accordance with the terms and conditions of the Funding Agreement provided that THE SPI is not assessed as being at serious risk of failure to deliver the Activities under this Funding Agreement by THE EFA following any review of the quality of the Activities.
2.2 Payments from THE EFA will be reconciled to the volume of Students delivered and cash earned by actual delivery of the Activities for the period to the timetable published in the 2015 to 16 at xxxxx://xxx.xxx.xx/16-to-19-education-funding- guidance. Where THE SPI’s actual delivery will result or has already resulted in an overpayment to THE SPI by THE EFA, THE EFA reserves the right to deduct the amount owed from, payments due to THE SPI under the Funding Agreement or any other agreement between the Parties, for current or subsequent months or years accordingly.
2.3 Where THE SPI’S actual delivery has resulted in an underpayment to THE SPI by THE EFA, THE EFA is under no obligation to provide additional funding or to adjust the amount due to THE SPI accordingly. Any adjustment shall not exceed the overall maximum value set out in Appendix 1 that forms part of Schedule 1 of this Funding Agreement.
2.4 A review will take place at the end of the period of this Funding Agreement in respect of the Activities specified in Schedule 1 of this Funding Agreement. THE EFA will notify THE SPI of the volume of learning and actual amount of money, which has been earned against the Activities, delivered and compare this to the total profile payments made and to the overall maximum value specified in Schedule 1 above. At this stage THE EFA reserves the right to conduct a final cash reconciliation. Any overpayment made to THE SPI by THE EFA will be repayable within 30 days of receiving an invoice. THE EFA reserves the right to reduce future payments to recover any overpayments. THE EFA is under no obligation to pay any additional funding above the overall maximum value specified in Schedule 1 of this Funding Agreement.
Funding Agreement Details. 1.1 THE NMSS shall deliver the Activities specified in Schedule 1 of this Funding Agreement and subject to the terms and conditions of the Funding Agreement as detailed and in accordance with the Funding Guidance 2017 to 18 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance
2.1 THE ESFA agrees to pay to THE NMSS the amounts set out in the Payments Schedule on condition that THE NMSS delivers the Activities in accordance with the terms and conditions of the Funding Agreement provided that THE NMSS is not assessed as being at serious risk of failure to deliver the Activities under this Funding Agreement by THE ESFA following any review of the quality of the Activities.
Funding Agreement Details. 1.1 The SPI shall provide the Activities specified in Schedule 1 of this Funding Agreement and subject to the terms and conditions of the Funding Agreement as detailed and in accordance with the Funding Guidance at xxxxx://xxx.xxx.xx/16- to-19-education-funding-guidance
