Common use of PAYMENT OF FINANCIAL ASSISTANCE Clause in Contracts

PAYMENT OF FINANCIAL ASSISTANCE. 6.1 The RTA shall pay the Grant to Council by quarterly payments, the first such payment to be made as soon as practicable following execution of this agreement. Subsequent quarterly payments will only become payable on receipt of the following documents: 6.1.1 Submission to the Regional Manager of a signed copy of this agreement for 2011/2012 by 30 September 2011, 6.1.2 A certificate of expenditure in accordance with section 6.3 and 6.4 of this Agreement, 6.1.3 A report of expenditure and works completed in accordance with section 7.1 of this Agreement, and 6.1.4 A report on the inventory of Regional Roads including bridges in accordance with section 7.2 of this Agreement. 6.2 Payment of the subsequent grant instalments will be made as soon as practicable within the months of October, January and April in the Financial Year subject to the conditions of this Agreement being met. 6.3 Council agrees to forward to the RTA by 1 September 2012 a Certificate of Expenditure in the form prescribed in Schedule Three of this Agreement. 6.4 Council is expected to have fully expended the Grant by 30 June 2012. Any part of the Grant not expended by 30 June 2012 may be expended by Council after that date without diminishing the amount of the Grant for the subsequent financial year but not later than 31 July 2012 provided that Council shall expend such remaining sum in accordance with the terms of this Agreement and certify this expenditure in accordance with Schedule Three of this Agreement. 6.5 Any remaining part of the Grant not expended by 31 July 2012 will be regarded as a payment against the Grant for the subsequent financial year.

PAYMENT OF FINANCIAL ASSISTANCE. 6.1 The RTA shall pay the RMS shall, through equal quarterly instalments, make Grant payment to Council by quarterly paymentsCouncil, the first such payment to be made as soon as practicable following execution of this agreement. Subsequent quarterly payments will only become payable on receipt of the following documents: 6.1.1 Submission to the Regional Manager of a signed copy of this agreement for 2011/2012 2012/2013 by 30 September 20112012, 6.1.2 A certificate of expenditure in accordance with section 6.3 and 6.4 of this Agreement, 6.1.3 A report of expenditure and works completed in accordance with section 7.1 of this Agreement, and 6.1.4 A report on the inventory of Regional Roads including bridges in accordance with section 7.2 of this Agreement. 6.2 Payment of the subsequent grant instalments will be made as soon as practicable within the months of October, January and April in the Financial Year subject to the conditions of this Agreement being met. 6.3 Council agrees to forward to the RTA RMS by 1 September 2012 2013 a Certificate of Expenditure in the form prescribed in Schedule Three 3 of this AgreementAgreement for the expenditure of Block Grant allocations in 2012/13. 6.4 Council is expected to have fully expended the Block Grant allocation for 2012/13 by 30 June 20122013. Any part of the Grant not expended by 30 June 2012 2013 may be expended by Council after that date without diminishing the amount of the Grant for the subsequent financial year but not later than 31 July 2012 2013, provided that Council shall expend such remaining sum in accordance with the terms of this Agreement and certify this expenditure in accordance with Schedule Three of this Agreement. 6.5 Any remaining part of the Grant not expended by 31 July 2012 2013 will be regarded as a payment against the Grant for the subsequent financial year.

PAYMENT OF FINANCIAL ASSISTANCE. 6.1 The RTA RMS shall pay the Grant to Council by quarterly payments, the first such payment to be made as soon as practicable following execution of this agreement. Subsequent quarterly payments will only become payable on receipt of the following documents: 6.1.1 Submission to the Regional Manager of a signed copy of this agreement for 2011/2012 2013/2014 by 30 1 September 2011,2013; 6.1.2 A certificate of expenditure in accordance with section Clause 6.3 and 6.4 Schedule 3 of this 2012/13 Agreement,; 6.1.3 A report of expenditure and works completed in accordance with section Clause 7.1 and Schedule 4A of this the 2012/13 Agreement, and 6.1.4 A report on the inventory of Regional Roads including bridges in accordance with section Clause 7.2 and Schedule 4B of this the 2012/13 Agreement. 6.2 Payment of the subsequent grant instalments will be made as soon as practicable within the months of October, January and April in the Financial Year subject to the conditions of this Agreement being met. 6.3 Council agrees to forward to the RTA RMS by 1 September 2012 2014 a Certificate of Expenditure in the form prescribed in Schedule Three of this Agreement. 6.4 Council is expected to have fully expended the Grant by 30 June 20122014. Any part of the Grant not expended by 30 June 2012 2014 may be expended by Council after that date without diminishing the amount of the Grant for the subsequent financial year but not later than 31 July 2012 2014 provided that Council shall expend such remaining sum in accordance with the terms of this Agreement and certify this expenditure in accordance with Schedule Three of this Agreement. 6.5 Any remaining part of the Grant not expended by 31 July 2012 2014 will be regarded as a payment against the Grant for the subsequent financial year.

PAYMENT OF FINANCIAL ASSISTANCE. 6.1 The RTA RMS shall pay the Grant to Council by quarterly payments, the first such payment to be made as soon as practicable following execution of this agreement. Subsequent quarterly payments will only become payable on receipt of the following documents: 6.1.1 Submission to the Regional Manager of a signed copy of this agreement for 2011/2012 2014/2015 by 30 1 September 2011,2014; 6.1.2 A certificate of expenditure in accordance with section Clause 6.3 and 6.4 Schedule 3 of this 2013/2014 Agreement,; 6.1.3 A report of expenditure and works completed in accordance with section Clause 7.1 and Schedule 4A of this the 2013/2014 Agreement, and 6.1.4 A report on the inventory of Regional Roads including bridges in accordance with section Clause 7.2 and Schedule 4B of this the 2013/2014 Agreement. 6.2 Payment of the subsequent grant instalments will be made as soon as practicable within the months of October, January and April in the Financial Year subject to the conditions of this Agreement being met. 6.3 Council agrees to forward to the RTA RMS by 1 September 2012 2015 a Certificate of Expenditure in the form prescribed in Schedule Three 3 of this Agreement. 6.4 Council is expected to have fully expended the Grant by 30 June 20122015. Any part of the Grant not expended by 30 June 2012 2015 may be expended by Council after that date without diminishing the amount of the Grant for the subsequent financial year but not later than 31 July 2012 2015 provided that Council shall expend such remaining sum in accordance with the terms of this Agreement and certify this expenditure in accordance with Schedule Three 3 of this Agreement. 6.5 Any remaining part of the Grant not expended by 31 July 2012 2015 will be regarded as a payment against the Grant for the subsequent financial year.