Grants and Allowances Sample Clauses
The "Grants and Allowances" clause defines the types and amounts of financial support or benefits provided under an agreement. It typically outlines eligibility criteria, the process for applying or claiming these grants or allowances, and any conditions or limitations attached to their receipt. By clearly specifying the terms of financial assistance, this clause ensures transparency and helps prevent disputes over entitlements or obligations related to such payments.
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Grants and Allowances. In the twelve (12) calendar months period preceding the date of this Agreement, no Group Company has received any investment grant (which is still outstanding) from any governmental department or agency or any local or other authority by virtue of any statute.
Grants and Allowances. No Group Company has applied for or received any grant, subsidy or allowance from any government department or other body.
Grants and Allowances. None of the Companies has received any grant, allowance, aid or subsidy from any Governmental Authority during the last five (5) years which, to the Knowledge of Seller, is currently due and owing as a result of any act or failure to act by any Company or which would become due and owing as a result of the sale of the Shares to Buyer and, in such case, would reasonably be expected to result in an aggregate Liability to any of the Companies (or loss of grant, allowance, aid and/or subsidy) in excess of US$2,000,000.
Grants and Allowances. No member of the Group has received any grant, allowance, aid or subsidy from any supranational, national or local authority or government agency during the last three years which is currently repayable as a result of any act or failure to act by the member of the Group concerned or which would be repayable as a result of the sale of the Shares to the Purchaser.
Grants and Allowances. Details of all current governmental grants, allowances, aids and subsidies paid or made available in relation to the Transferring Business and of all outstanding claims for any such grant, allowance, aid or subsidy from any supranational, national or local authority or government agency are set out in the Disclosure Letter.
Grants and Allowances. No Group Company has applied for or received any grant, subsidy or allowance from any governmental or other body in the twelve (12) months immediately preceding the date of this Agreement.
Grants and Allowances. The Company has not applied for or received any grant or financial assistance from any person.
Grants and Allowances. No member of the Group has applied for or received any grant, allowance, aid or subsidy from any supranational, national or local authority or government agency during the last six years.
Grants and Allowances. None of the Selling Entities in respect of the Business has received any investment grants or other grants or loans from any governmental department or agency or any local or other authority by virtue of any statute.
Grants and Allowances. No material grant, allowance, aid or subsidy received by the Company or its Subsidiaries from any supranational, national or local governmental authority or agency will be required to be repaid as a result of the consummation of the transactions contemplated by this Agreement.