Common use of Funding Agreement Details Clause in Contracts

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 SPI NMSS shall provide 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 2015 2016 to 16 17 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance 2.1 THE EFA agrees to pay to THE SPI NMSS the amounts set out in the Payments Schedule on condition that THE SPI NMSS delivers the Activities and provision in accordance with the terms and conditions of the Funding Agreement provided that THE SPI NMSS 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 pupils and students delivered and cash earned by actual delivery of the Activities for the period to the timetable published in the 2015 Funding Guidance 2016 to 16 17 at xxxxx://xxx.xxx.xx/16-to-19-education-funding- xxxxx://xxx.xxx.xx/16- to-19-education-funding-guidance. Where THE SPINMSS’s actual delivery will result or has already resulted in an overpayment to THE SPI NMSS by THE EFA, THE EFA reserves the right to deduct the amount owed from, payments due to THE SPI NMSS under the this Funding Agreement or any other agreement between the Parties, for current or subsequent months or years accordingly. 2.3 Where THE SPI’S NMSS’s actual delivery has resulted in an underpayment to THE SPI NMSS by THE EFA, THE EFA is under no obligation to provide additional funding or to adjust the amount due to THE SPI NMSS 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 NMSS of the volume of learning and actual amount of money, which has been earned against the ActivitiesProvision, 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 NMSS 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 SPI NMSS shall provide 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 2015 to 16 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance 2.1 THE EFA agrees to pay to THE SPI NMSS the amounts set out in the Payments Schedule on condition that THE SPI NMSS delivers the Activities and provision in accordance with the terms and conditions of the Funding Agreement provided that THE SPI NMSS 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 pupils and students delivered and cash earned by actual delivery of the Activities for the period to the timetable published in the Funding Guidance 2015 to 16 at xxxxx://xxx.xxx.xx/16-to-19-education-funding- xxxxx://xxx.xxx.xx/16- to-19-education-funding-guidance. Where THE SPINMSS’s actual delivery will result or has already resulted in an overpayment to THE SPI NMSS by THE EFA, THE EFA reserves the right to deduct the amount owed from, payments due to THE SPI NMSS under the this Funding Agreement or any other agreement between the Parties, for current or subsequent months or years accordingly. 2.3 Where THE SPI’S NMSS’s actual delivery has resulted in an underpayment to THE SPI NMSS by THE EFA, THE EFA is under no obligation to provide additional funding or to adjust the amount due to THE SPI NMSS 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 NMSS of the volume of learning and actual amount of money, which has been earned against the ActivitiesProvision, 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 NMSS 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 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 2016 to 16 2017 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance 2.1 THE The EFA agrees to pay to THE the SPI the amounts set out in the Payments Schedule on condition that THE the SPI delivers the Activities and provision in accordance with the terms and conditions of the Funding Agreement provided that THE the SPI is not assessed as being at serious risk of failure to deliver the Activities under this Funding Agreement by THE the EFA following any review of the quality of the Activities. 2.2 Payments from THE 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 2016 to 16 2017 at xxxxx://xxx.xxx.xx/16-to-19-education-funding- guidance. Where THE the SPI’s actual delivery will result or has already resulted in an overpayment to THE the SPI by THE the EFA, THE the EFA reserves the right to deduct the amount owed from, payments due to THE 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 the SPI’S actual delivery has resulted in an underpayment to THE the SPI by THE the EFA, THE the EFA is under no obligation to provide additional funding or to adjust the amount due to THE the SPI accordingly. Any adjustment shall not exceed the overall maximum value set out in Appendix 1 – Payment Schedule 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 The EFA will notify THE 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 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.cash

Funding Agreement Details. 1.1 THE 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 2017 to 16 2018 at xxxxx://xxx.xxx.xx/16-to-19-education-funding-guidance 2.1 THE EFA The ESFA agrees to pay to THE the SPI the amounts set out in the Payments Schedule on condition that THE the SPI delivers the Activities and provision in accordance with the terms and conditions of the Funding Agreement provided that THE the SPI is not assessed as being at serious risk of failure to deliver the Activities under this Funding Agreement by THE EFA the ESFA following any review of the quality of the Activities. 2.2 Payments from THE EFA the ESFA 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 2017 to 16 2018 at xxxxx://xxx.xxx.xx/16-to-19-education-funding- guidance. Where THE the SPI’s actual delivery will result or has already resulted in an overpayment to THE the SPI by THE EFAthe ESFA, THE EFA the ESFA reserves the right to deduct the amount owed from, payments due to THE 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 the SPI’S actual delivery has resulted in an underpayment to THE the SPI by THE EFAthe ESFA, THE EFA the ESFA is under no obligation to provide additional funding or to adjust the amount due to THE the SPI accordingly. Any adjustment shall not exceed the overall maximum value set out in Appendix 1 – Payment Schedule 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 The ESFA will notify THE 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 the ESFA reserves the right to conduct a final cash reconciliation. Any overpayment made to THE the SPI by THE EFA the ESFA will be repayable within 30 days of receiving an invoice. THE EFA The ESFA reserves the right to reduce future payments to recover any overpayments. THE EFA The ESFA is under no obligation to pay any additional funding above the overall maximum value specified in Schedule 1 of this Funding Agreement.