Common use of Interest Earned By Recipient Clause in Contracts

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

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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

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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

Samples: Connecting Links Program Contribution Agreement

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