Funds Provided Sample Clauses
The 'Funds Provided' clause defines the obligations and conditions under which one party supplies money to another under an agreement. Typically, it outlines the amount, timing, and method of disbursement, as well as any prerequisites that must be met before funds are released, such as documentation or milestone completion. This clause ensures both parties have a clear understanding of when and how funds will be made available, thereby reducing the risk of disputes and ensuring the smooth execution of the contract.
Funds Provided. The Province will:
(a) provide the Recipient up to the Maximum Funds for the purpose of carrying out the Project;
(b) provide the Funds to the Recipient in accordance with the payment plan attached to the Agreement as Schedule “E”; and
(c) deposit the Funds into an account designated by the Recipient provided that the account:
(i) resides at a Canadian financial institution; and
(ii) is in the name of the Recipient.
Funds Provided. The Province will:
Funds Provided. The Province will, in respect of the Projects:
Funds Provided. The Ministry shall:
(a) provide the Recipient up to the Maximum Funds for the purpose of carrying out the Project;
(b) provide the Funds to the Recipient in accordance with the payment schedule attached to the Agreement as Schedule “C”.
Funds Provided. The Province will, in respect of each Program:
Funds Provided. The Province will, subject to the terms and conditions of the Agreement:
Funds Provided. Subject to the terms and conditions of this Agreement and only after the Effective Date, the Province will:
(a) provide the Recipient funding up to the Maximum Funds for the sole purpose of carrying out the Project;
(b) provide the Funds to the Recipient in accordance with Schedule “J” (Requests for Payment and Payment Procedures); and
(c) deposit the Funds into an account the Recipient designates, provided that the account:
(i) is at a branch of a Canadian financial institution in Ontario; and
(ii) is solely in the name of the Recipient.
Funds Provided in addition to any other limitation under the Agreement on the payment of Funds, the Province is not obligated to provide:
Funds Provided. The City shall:
(a) provide the Recipient the Funds for the purpose of providing the Services; and
(b) provide the Funds to the Recipient in accordance with the payment plan described in the Schedules and Appendices.
Funds Provided. In consideration of the various obligations to be performed by the Subrecipient pursuant to this Agreement, the Recipient agrees to provide Subrecipient with funds in an amount not to exceed $ 40,000 (the "Subrecipient Grant") subject to the terms and conditions set forth herein.