Common use of Managing the Grant Clause in Contracts

Managing the Grant. 6.1 Notwithstanding the requirement in clause 4.2.3, the Recipient must notify MOPAC as soon as reasonably practicable if any underspend of the Grant is forecast. 6.2 If by the End Date there is any underspend of the Grant, then the Recipient will repay the amount of such underspend to MOPAC within thirty (30) calendar days of the End Date. 6.3 If any overpayment of the Grant has been made, MOPAC will recover the payment from the Recipient. 6.4 The Recipient’s Chief Executive will ensure that appropriate professional arrangements are put in place for the management of the Grant and any Match (where it is a condition of the Grant), and the reporting of expenditure of the Grant and any Match (if applicable). The Chief Executive must take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 6.5 The Recipient will take all reasonable endeavours to deliver the Funded Project in accordance with the timescales set out in Annex 2 (Funded Project). If completion looks unlikely within the timetable, the Recipient is required to notify MOPAC as soon as possible. 6.6 Any unspent funding of the Grant cannot be carried over to the following financial year without the express consent of MOPAC. 6.7 The Recipient must inform MOPAC within ten (10) working days of the relevant deadline in Annex 4 (Payment and Monitoring) of any unspent funding for that quarter to enable the effective financial management of the Grant.

Managing the Grant. 6.1 Notwithstanding the requirement in clause 4.2.3, the Recipient must notify MOPAC as soon as reasonably practicable if any underspend of the Grant is forecast. 6.2 If by the End Date there is any underspend of the Grant, then the Recipient will repay the amount of such underspend to MOPAC within thirty (30) calendar days of the End Date. 6.3 If any overpayment of the Grant has been made, MOPAC will recover the payment from the Recipient. 6.4 The Recipient’s Chief Executive will ensure that appropriate professional arrangements are put in place for the management of the Grant and any Match (where it is a condition of the Grant), and the reporting of expenditure of the Grant and any Match (if applicable). The Chief Executive must take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 6.5 The Recipient will take all reasonable endeavours to deliver the Funded Project in accordance with the timescales set out in Annex 2 (Funded Project). If completion looks unlikely within the timetable, the Recipient is required to notify MOPAC as soon as possible. 6.6 Any unspent funding of the Grant cannot be carried over to the following financial year without the express consent of MOPAC. 6.7 The Recipient must inform MOPAC within ten (10) working days of the relevant deadline in Annex 4 (Payment and Monitoring) of any unspent funding for that quarter period to enable the effective financial management of the Grant.

Managing the Grant. 6.1 Notwithstanding the requirement in clause 4.2.3, the Recipient must notify MOPAC as soon as reasonably practicable if any underspend of the Grant is forecast. 6.2 If by the End Date there is any underspend of the Grant, then the Recipient will repay the amount of such underspend to MOPAC within thirty (30) calendar days of the End Date. 6.3 If any overpayment of the Grant has been made, MOPAC will recover the payment from the Recipient. 6.4 The Recipient’s Chief Executive will ensure that appropriate professional arrangements are put in place for the management of the Grant and any Match (where it is a condition of the Grant), and the reporting of expenditure of the Grant and any Match (if applicable). The Chief Executive must take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 6.5 The Recipient will take all reasonable endeavours to deliver the Funded Project in accordance with the timescales set out in Annex 2 (Funded Project). If completion looks unlikely within the timetable, the Recipient is required to notify MOPAC as soon as possible. 6.6 Any unspent funding of the Grant cannot be carried over to the following financial year without the express consent of MOPAC. 6.7 The Recipient must inform MOPAC XXXXX within ten (10) working days of the relevant deadline in Annex 4 (Payment and Monitoring) of any unspent funding for that quarter to enable the effective financial management of the Grant.

Managing the Grant. 6.1 Notwithstanding the requirement in clause 4.2.3, the Recipient must notify MOPAC XXXXX as soon as reasonably practicable if any underspend of the Grant is forecast. 6.2 If by the End Date there is any underspend of the Grant, then the Recipient will repay the amount of such underspend to MOPAC within thirty (30) calendar days of the End Date. 6.3 If any overpayment of the Grant has been made, MOPAC XXXXX will recover the payment from the Recipient. 6.4 The Recipient’s Chief Executive will ensure that appropriate professional arrangements are put in place for the management of the Grant and any Match (where it is a condition of the Grant), and the reporting of expenditure of the Grant and any Match (if applicable). The Chief Executive must take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 6.5 The Recipient will take all reasonable endeavours to deliver the Funded Project in accordance with the timescales set out in Annex 2 (Funded Project). If completion looks unlikely within the timetable, the Recipient is required to notify MOPAC as soon as possible. 6.6 Any unspent funding of the Grant cannot be carried over to the following financial year without the express consent of MOPACXXXXX. 6.7 The Recipient must inform MOPAC XXXXX within ten (10) working days of the relevant deadline in Annex 4 (Payment and Monitoring) of any unspent funding for that quarter period to enable the effective financial management of the Grant.

Managing the Grant. 6.1 Notwithstanding the requirement in clause 4.2.3, the Recipient must notify MOPAC XXXXX as soon as reasonably practicable if any underspend of the Grant is forecast. 6.2 If by the End Date there is any underspend of the Grant, then the Recipient will repay the amount of such underspend to MOPAC within thirty (30) calendar days of the End Date. 6.3 If any overpayment of the Grant has been made, MOPAC XXXXX will recover the payment from the Recipient. 6.4 The Recipient’s Chief Executive will ensure that appropriate professional arrangements are put in place for the management of the Grant and any Match (where it is a condition of the Grant), and the reporting of expenditure of the Grant and any Match (if applicable). The Chief Executive must take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 6.5 The Recipient will take all reasonable endeavours to deliver the Funded Project in accordance with the timescales set out in Annex 2 (Funded Project). If completion looks unlikely within the timetable, the Recipient is required to notify MOPAC as soon as possible. 6.6 Any unspent funding of the Grant cannot be carried over to the following financial year without the express consent of MOPACXXXXX. 6.7 The Recipient must inform MOPAC XXXXX within ten (10) working days of the relevant deadline in Annex 4 (Payment and Monitoring) of any unspent funding for that quarter to enable the effective financial management of the Grant.