Common use of Overpayment by Minister Clause in Contracts

Overpayment by Minister. Where for any reason: (a) the Proponent is not entitled to the Contribution; or (b) the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Proponent is entitled. the Proponent will repay to the Minister, promptly and no later than 30 days from notice from the Minister, the amount of the Contribution disbursed or the amount of the overpayment, as the case may be, together with interest at the Interest Rate from the date of the notice to the day of repayment to the Minister in full. Any such amount is a debt due to Her Majesty in Right of Canada and is recoverable as such.

Appears in 2 contracts

Samples: Technology Partnership Agreement (Mitel Networks Corp), Technology Partnership Agreement (Mitel Networks Corp)

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Overpayment by Minister. Where for any reason:, (a) the Proponent DynaMotive is not entitled to the Contribution; or (b) the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Proponent DynaMotive is entitled. the Proponent , DynaMotive will repay to the Minister, promptly and no later than 30 days from notice from the Minister, the amount of the Contribution disbursed or the amount of the overpaymentexcess, as the case may be, together with interest at the Interest Rate from the date of the notice to the day of repayment to the Minister in full. Any such amount is a debt due to Her Majesty in Right of Canada and is recoverable as such.

Appears in 1 contract

Samples: Contribution Agreement (Dynamotive Energy Systems Corp)

Overpayment by Minister. Where for any reason: (a) the Proponent is not entitled to the Contribution; or (b) the Minister determines that the amount of the Contribution disbursed exceeds the amount to which the Proponent is entitled. , the Proponent will repay to the Minister, promptly and no later than 30 days from notice from the Minister, the amount of the Contribution disbursed or the amount of the overpayment, as the case may be, together with interest at the Interest Rate from the date of the notice to the day of repayment to the Minister in full. Any such amount is a debt due to Her Majesty in Right of Canada and is recoverable as such.

Appears in 1 contract

Samples: Technology Partnerships Agreement (Offshore Systems International LTD)

Overpayment by Minister. Where for any reason: (a) the Proponent is not entitled to the Contribution; or (b) the Minister determines that the amount of the Contribution contribution disbursed exceeds the amount to which the Proponent is entitled. , the Proponent will repay to the Minister, promptly and no later than 30 days from notice from the Minister, the amount of the Contribution disbursed or the amount of the overpayment, as the case may be, together with interest at the Interest Rate from the date of the notice to the day of repayment payment to the Minister in full. Any such amount is a debt due to Her Majesty in Right of Canada and is recoverable as such.

Appears in 1 contract

Samples: Technology Partnerships Agreement

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Overpayment by Minister. Where for any reason: (a) the Proponent is not entitled to the Contribution; or (b) the Minister determines that the amount of the the (c) Contribution disbursed exceeds the amount to which the Proponent is entitled. , the Proponent will repay to the Minister, promptly and no later than 30 days from notice from the Minister, the amount of the Contribution disbursed or the amount of the overpayment, as the case may be, together with interest at the Interest Rate from the date of the notice to the day of repayment to the Minister in full. Any such amount is a debt due to Her Majesty in Right of Canada and is recoverable as such.

Appears in 1 contract

Samples: Technology Partnerships Agreement

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