Common use of Funds Advanced Clause in Contracts

Funds Advanced. Funds transferred by AMO to the Recipient shall be expended by the Recipient in respect of Eligible Costs. AMO reserves the right to declare that Unspent Funds after March 31, 2020 become a debt to Ontario which the Recipient will reimburse forthwith on demand to AMO for transmission to Ontario.

Appears in 13 contracts

Samples: Municipal Funding Agreement, Municipal Funding Agreement, Municipal Funding Agreement

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Funds Advanced. Funds transferred by AMO to the Recipient shall be expended by the Recipient in respect of Eligible Costs. AMO reserves the right to declare that Unspent Funds after March August 31, 2020 2021 become a debt to Ontario which the Recipient will reimburse forthwith on demand to AMO for transmission to Ontario. (iv) setting aside section 6.8 of the Agreement and replacing it with the following:

Appears in 1 contract

Samples: Municipal Funding Agreement

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