No Carryover of Research Funds. All Research Fund shall be provided on a Fiscal Year basis. The Research Institute shall not spend any portion of the Research Funds provided by JST for a given Fiscal Year during a different Fiscal Year. With regard to the budget categories “Equipment”, “Materials & Consumables”, and “Others”, the delivery of goods or services and Inspection and Acceptance thereof must be completed within the same Fiscal Year. Upon review of the Account Report of a given Fiscal Year, JST may issue a Request for Refund for so much of the Research Funds which have not been spent during such Fiscal Year which may include unapproved expenditure(s), and the Research Institute shall return the requested amount to JST in accordance with Article 6.2.3.
Appears in 10 contracts
Samples: Collaborative Research Agreement, Collaborative Research Agreement, Collaborative Research Agreement
No Carryover of Research Funds. All Research Fund shall be provided on a Fiscal Year basis. The Unless otherwise agreed by JST in writing, the Research Institute shall not spend any portion of the Research Funds provided by JST for a given Fiscal Year during a different Fiscal Year. With regard to the budget categories “Equipment”, “Materials & Consumables”, and “Others”, the delivery of goods or services and Inspection and Acceptance thereof must be completed within the same Fiscal Year. Upon review of the Account Report of a given Fiscal Year, JST may issue a Request for Refund for so much of the Research Funds which have not been spent during such Fiscal Year which may include unapproved expenditure(s), and the Research Institute shall return the requested amount to JST in accordance with Article 6.2.3.
Appears in 3 contracts
Samples: Collaborative Research Agreement, Collaborative Research Agreement, Collaborative Research Agreement
