Interest Earned By Recipient. The Recipient shall report to Ontario the amount of any interest earned on any Funds provided to the Recipient under this Agreement in accordance with Part B.2 of Schedule “B” of this Agreement. Ontario reserves the right to request the return of any interest that the Recipient earns on the Funds.
Appears in 3 contracts
Samples: Ontario Community Infrastructure Fund Agreement, Ontario Community Infrastructure Fund – Formula Based Component Agreement, Ontario Community Infrastructure Fund Agreement
Interest Earned By Recipient. The Recipient shall report to Ontario the amount of any interest earned on any Funds provided to the Recipient under this Agreement in accordance with Part B.2 of Reports set out under Schedule “BG” of this Agreement. Ontario reserves the right to request the return of The Recipient shall, unless otherwise directed by Ontario, only use any interest that the Recipient earns earned on the Funds.the
Appears in 2 contracts
Samples: Connecting Links Program Contribution Agreement, Connecting Links Program Contribution Agreement
Interest Earned By Recipient. The Recipient shall report to Ontario the amount of any interest earned on any Funds provided to the Recipient under this Agreement in accordance with Part B.2 of Schedule “"B” " of this Agreement. Ontario reserves the right to request the return of any interest that the Recipient earns on the Funds.right
Appears in 1 contract
Samples: Insurance Renewal
Interest Earned By Recipient. The Recipient shall report to Ontario the amount of any interest earned on any Funds provided to the Recipient under this Agreement in accordance with Part B.2 of Reports set out under Schedule “BG” of this Agreement. Ontario reserves the right to request the return of any interest that If the Recipient earns any interest on the Funds provided to the Recipient:
(a) Ontario may deduct an amount equal to the interest from any further instalment of Funds; or
(b) The Recipient shall pay an amount equal to the interest to Ontario as directed by Ontario.
Appears in 1 contract