Common use of Limitation on Payment of Funds Clause in Contracts

Limitation on Payment of Funds. Despite section A4.1 (Funds Provided): (a) in addition to any other limitations under the Agreement on the payment of Funds by the Province, the Province is not obligated to provide any Funds to the Recipient unless the Recipient fulfils the special conditions listed in section A27.1 (Special Conditions); (b) the Province may adjust the amount of Funds it provides to the Recipient based upon the Province’s assessment of one or more of the following events: (i) of the information the Recipient provides to the Province pursuant to section A7.2 (Preparation and Submission); and (ii) the SRA Phase 1 Contribution funding provided to the Recipient exceeds the additional municipal transit expenses the Recipient incurred, as a result of the COVID-19 pandemic, on or after April 1, 2020 and on or before September 30, 2020.

Appears in 11 contracts

Samples: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!