Common use of Overpayment by Minister Clause in Contracts

Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Recipient is entitled, the Recipient shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest Rate from the date of the notice to the day of payment to the Minister in full. Any such amount is a debt due to Her Majesty and is recoverable as such.

Appears in 6 contracts

Samples: Algoma Steel Group Inc., Algoma Steel Group Inc., Edesa Biotech, Inc.

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Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Recipient is Recipients are entitled, the Recipient Recipients shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest Rate from the date of the notice to the day of payment to the Minister in full. Any such amount is a debt due to Her Majesty and is recoverable as such.

Appears in 1 contract

Samples: D-Wave Quantum Inc.

Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Recipient is entitled, the Recipient shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest Rate from the date of the notice to the day of payment to the Minister in full. Any such amount is a debt due to Her His Majesty and is recoverable as such. 9.

Appears in 1 contract

Samples: Sif Agreement (AbCellera Biologics Inc.)

Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Recipient is entitled, the Recipient shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest Rate from the date of the notice to the day of payment to the Minister in full. Any such amount is a debt due to Her His Majesty and is recoverable as such.

Appears in 1 contract

Samples: Edesa Biotech, Inc.

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Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Recipient is entitled, the Recipient shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest Rate from the date of the SIF AGREEMENT NO. 811-811217 notice to the day of payment to the Minister in full. Any such amount is a debt due to Her Majesty and is recoverable as such.

Appears in 1 contract

Samples: Spire Global, Inc.

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