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) may pro-rate the Funding if this Agreement is signed after the Effective Date; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 11.4; (d) will not be required to continue to provide funds, (1) if the Minister or the Director so directs under the terms of the Act; (2) while the Home is under the control of an interim manager pursuant to section 157 of the Act; or (3) in theeventthe HSP breaches any of itsobligations underthis Agreement until the breach is remedied to the LHIN’s satisfaction; and (e) upon notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year pursuant to Article 5. LONG-TERM CARE HOME SERVICE ACCOUNTABILITY AGREEMENT APRIL 1, 2019 — MARCH 31, 2022

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) may pro-rate the Funding if this Agreement is signed after the Effective Date; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 11.4; (d) will not be required to continue to provide funds, (1) if the Minister or the Director so directs under the terms of the Act; (2) while the Home is under the control of an interim manager pursuant to section 157 of the Act; or (3) in theeventthe HSP breaches any of itsobligations underthis itsobligationsunderthis Agreement until the breach is remedied to the LHIN’s satisfaction; and (e) upon notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year pursuant to Article 5. LONG-TERM CARE HOME SERVICE ACCOUNTABILITY AGREEMENT APRIL 1, 2019 — MARCH 31, 2022