Common use of Funding Limitation Clause in Contracts

Funding Limitation. 2.08 Notwithstanding any contrary provisions elsewhere in this Agreement, the obligation of FACTOR to disburse funds shall be subject to the provision of adequate funds being made available to FACTOR by the Government of Canada and private sponsors, and is further subject to any restrictions that may be imposed by the Government of Canada or private sponsors. In the event that FACTOR is required to lessen, or completely eliminate, any of the funding to be disbursed under this Agreement, FACTOR shall notify the Recipient of this fact within thirty business days of FACTOR determining that it is required to lessen or eliminate said funding. The Recipient's obligations under this Agreement shall not be released or diminished in the event that FACTOR has disbursed amount(s) subject to Article 2.

Funding Limitation. 2.08 2.10 Notwithstanding any contrary provisions elsewhere in this Agreement, the obligation of FACTOR to disburse funds shall be subject to the provision of adequate funds being made available to FACTOR by the Government of Canada and private sponsors, and is further subject to any restrictions that may be imposed by the Government of Canada or private sponsors. In the event that FACTOR is required to lessen, or completely eliminate, any of the funding to be disbursed under this Agreement, FACTOR shall notify the Recipient of this fact within thirty business days of FACTOR determining that it is required to lessen or eliminate said funding. The Recipient's obligations under this Agreement shall not be released or diminished in the event that FACTOR has disbursed amount(s) subject to Article 2.

Funding Limitation. 2.08 2.16 Notwithstanding any contrary provisions elsewhere in this Agreement, the obligation of FACTOR to disburse funds shall be subject to the provision of adequate funds being made available to FACTOR by the Government of Canada and private sponsors, and is further subject to any restrictions that may be imposed by the Government of Canada or private sponsors. In the event that FACTOR is required to lessen, or completely eliminate, any of the funding to be disbursed under this Agreement, FACTOR shall notify the Recipient of this fact within thirty business days of FACTOR determining that it is required to lessen or eliminate said funding. The Recipient's obligations under this Agreement shall not be released or diminished in the event that FACTOR has disbursed amount(s) subject to Article 2.