Common use of Funding Partners Clause in Contracts

Funding Partners. If the Applicant has sought, been approved for, or obtained, funding or grants for the Project from any third- party funding agencies, then such funding and agencies shall, to the extent known prior to submitting the Application, be described in the Application, and to the extent known prior to the Effective Date, be described in this Investment Agreement and in the Workbook (if there is a Workbook for the Project on the Portal). Funding agencies that have entered written commitments with the Applicant to fund, or have actually funded, the Project shall be deemed to be Funding Partners under this Investment Agreement. The Applicant shall promptly provide Notice to Alberta Innovates of any changes in funding or any new funding it receives from such Funding Partners, Including any default under or termination of such funding arrangements. In addition, if Alberta Innovates anticipates receiving, or has obtained, funding for some or all of the Investment from a third-party funding agency, then Alberta Innovates shall provide Notice to the Applicant identifying such third party, or shall identify such third party in the Program Guide, Schedule A or Schedule B. Funding agencies that have entered written commitments with Alberta Innovates to fund, or have actually funded, Alberta Innovates with amounts that will that will form any part of the Investment shall be deemed to be Funding Partners. For clarity, the addition of a Funding Partner does not change the rights and obligations set out in this Investment Agreement.

Funding Partners. If the Applicant has sought, been approved for, or obtained, funding or grants for the Project from any third- third-party funding agencies, then such funding and agencies shall, to the extent known prior to submitting the Application, be described in the Application, and to the extent known prior to the Effective Date, be described in this Investment Agreement and in the Workbook (if there is a Workbook for the Project on the Portal). Funding agencies that have entered written commitments with the Applicant to fund, or have actually funded, the Project shall be deemed to be Funding Partners under this Investment Agreement. The Applicant shall promptly provide Notice to Alberta Innovates of any changes in funding or any new funding it receives from such Funding Partners, Including any default under or termination of such funding arrangements. In addition, if Alberta Innovates anticipates receiving, or has obtained, funding for some or all of the Investment from a third-party funding agency, then Alberta Innovates shall provide Notice to the Applicant identifying such third party, or shall identify such third party in the Program Guide, Schedule A or Schedule B. Funding agencies that have entered written commitments with Alberta Innovates to fund, or have actually funded, Alberta Innovates with amounts that will that will form any part of the Investment shall be deemed to be Funding Partners. For clarity, the addition of a Funding Partner does not change the rights and obligations set out in this Investment Agreement.