Common use of Limitation on Payment of Funding Clause in Contracts

Limitation on Payment of Funding. Despite section 4.1, the LHIN: (a) will not provide any funds to the HSP until this Agreement is fully executed; (b) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 11.4; (c) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the LHIN’s satisfaction; and (d) upon notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the LHIN’s assessment of the information contained in the Reports.

Limitation on Payment of Funding. Despite section 4.1, the LHIN: (ai) will not provide any funds to the HSP until this the Agreement is fully executed; (bii) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 11.4; (ciii) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the LHIN’s satisfaction; and (div) upon notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the LHIN’s assessment of the information contained in the Reports.