Increase in Project Costs. If, at any time during the Term the Recipient determines that it will not be possible to complete the Project unless it expends amounts in excess of all funding available to it (a “Shortfall”), the Recipient will immediately notify the Province of that determination. If the Recipient so notifies the Province, it will, within 30 days of a request from the Province, provide a summary of the measures that it proposes to remedy the Shortfall. If the Province is not satisfied that the measures proposed will be adequate to remedy the Shortfall, then the Province may exercise one or more of the remedies available to it pursuant to section A.12.4 (Recipient Not Remedying).
Increase in Project Costs. If it will not be possible to complete the Project unless the City expends amounts in excess of available funding, notification is to be provided, and the City will provide a plan to remedy the shortfall subject to Canada’s ability to exercise its available remedies on a default if it is not satisfied with the plan.
Increase in Project Costs. If, at any time during the term of this Agreement, one or all of the Parties determines that it will not be possible to complete construction of the Project unless the Recipient expends amounts in excess of the funding available to it, the Party will immediately notify the other Party of that determination. The Recipient will, within thirty (30) days of a request from Canada, provide a summary of the measures that it proposes to remedy the shortfall. If Canada is not satisfied that the measures proposed will be adequate to remedy the shortfall, then Canada may terminate or suspend its funding obligations until such time as measures are proposed that, in Canada’s opinion, will be adequate to remedy the shortfall, whereupon its funding obligation will be reinstated.
Increase in Project Costs. If, at any time during the Term, the Recipient determines that it will not be possible to complete the Project due to cost escalations or cost overruns (a “Shortfall”), the Recipient will immediately notify the Province of that determination. The Province may exercise one or more of the remedies available to it pursuant to section A13.2.
