Common use of Payment of Funding Clause in Contracts

Payment of Funding. Funds payable 3.1 We will provide You with the Funding at the times and in the manner specified in Schedule 1. 3.2 Where Funding is payable in instalments and clause 3.3 does not apply, We will provide You with the instalments when We are reasonably satisfied that You have complied with all the conditions of this Funding Agreement and You have made satisfactory progress towards the goals of the Project. 3.3 Where Funding is payable in instalments on the achievement of Milestones, We will provide You with the relevant instalments following Your achievement to Our satisfaction of the applicable Milestone. 3.4 Without limiting Our rights: (a) We will not be required to pay for any Project Material which is not provided to the highest standard (until they are provided correctly) and may require You to replace or remedy those items within the time specified by Us (which must be reasonable); and (b) if We consider that You have not been complying with Your obligations under this Funding Agreement, We may withhold or suspend any payment of Funding in whole or in part until You comply with such obligations. 3.5 We may set off any amount You owe to Us under this Funding Agreement or under any other agreement with Us against any Funding payable to You under this Funding Agreement. 3.6 Notwithstanding any withholding, suspending or set-off under clauses 3.4 or 3.5, You must continue to carry out the Project and perform any obligations under this Funding Agreement, unless We agree otherwise in writing. 3.7 We will issue You a recipient created tax invoice (or invoices) related to the Funding. You are not required to issue Us with any invoices under this Funding Agreement unless expressly stated otherwise. You are required to provide Your ABN and state whether You are registered for GST. 3.8 Unless otherwise agreed by Us in writing, Funding will be paid by electronic transfer. We will arrange payment of the Funding to Your nominated bank account and will issue You with a remittance advice for Your records.

Payment of Funding. Funds payable 3.1 2.1 We will provide You with the Funding at the times and in the manner specified in Schedule 1. 3.2 2.2 Where Funding is payable in instalments and clause 3.3 does not applyinstalments, We will provide You with the instalments when We are reasonably satisfied that You have complied with all the conditions of this Funding Agreement and You have made satisfactory progress towards the goals of the Project. 3.3 2.3 Where Funding is payable in instalments on the achievement of Milestones, We we will provide You you with the relevant instalments following Your achievement to Our our satisfaction of the applicable Milestone. 3.4 2.4 You must ensure the highest quality of work in carrying out the Project and producing any Project outputs and Project Material. Without limiting Our rights: (a) , We will not be required to pay for any Project Material or outputs which is are not provided to the highest standard (until they are provided correctly) and may require You to replace or remedy those items within the time specified by Us (which must be reasonable); and. 2.5 If You have not commenced work on the Project within three months of the Project Start Date specified in Schedule 1, You must formally apply for an extension of time for the Project (b) which may be granted or refused at Our discretion and subject to any conditions We consider to be reasonably necessary). 2.6 If We notify you in writing that an extension under clause 2.5, has not been approved, or if you do not apply for an extension as required under clause 2.5, this Funding Agreement will immediately be automatically terminated and You must repay all Funding you have received from Us under this Funding Agreement within 30 days of such termination. 2.7 Without limiting Our rights, if We consider that You you have not been complying with Your obligations under this Funding Agreement, We may withhold or suspend any payment of Funding in whole or in part until You comply with such obligations. 3.5 2.8 We may set off any amount You owe to Us under this Funding Agreement or under any other agreement with Us against any Funding payable to You under this Funding Agreement. 3.6 2.9 Notwithstanding any withholding, suspending withholding or set-off under clauses 3.4 2.7 or 3.52.8, You must continue to carry out the Project and perform any obligations under this Funding Agreement, unless We agree otherwise in writing. 3.7 2.10 We will issue You a recipient created tax invoice (or invoices) related to the Funding. You are not required to issue Us with any invoices under this Funding Agreement unless expressly stated otherwise. You are required to provide Your ABN and state whether You you are registered for GST. 3.8 2.11 Unless otherwise agreed by Us in writing, Funding will be paid by electronic transfer. We will arrange payment of the Funding to Your nominated bank account and will issue You with a remittance advice for Your your records.

Payment of Funding. Funds payable‌ 3.1 We will provide You with the Funding at the times and in the manner specified in Schedule 1. 3.2 Where Funding is payable in instalments and clause 3.3 does not apply, We will provide You with the instalments when We are reasonably satisfied that You have complied with all the conditions of this Funding Agreement and You have made satisfactory progress towards the goals of the Project. 3.3 Where Funding is payable in instalments on the achievement of Milestones, We will provide You with the relevant instalments following Your achievement to Our satisfaction of the applicable Milestone. 3.4 Without limiting Our rights7.1 Subject to: (a) We parliamentary appropriation; (b) if applicable, receipt of any part of the Funding that is to be provided by a third party to us (such as from the Commonwealth); and (c) the performance of your obligations under this Agreement, we will pay the Funding to you in accordance with the payment schedule set out in Item 5. 7.2 Payment of Funding is not an admission by us that you have met your obligations under this Agreement. 7.3 The monies to be contributed by us will not be required exceed the total amount of the Funding and we are not liable for:‌ (a) any debts incurred by you to pay for any Project Material which is not provided to deliver the highest standard (until they are provided correctly) and may require You to replace or remedy those items within the time specified by Us (which must be reasonable)Funded Activity; and (b) any monies owed by you to any third party in connection with the delivery of the Funded Activity, and you are solely responsible for: (c) any budget or cost overruns of the Funded Activity; and (d) contributing further monies if We consider the Funding is insufficient to deliver the Funded Activity. 7.4 If you receive revenue from fees charged to Clients for the Funded Activity, you must use that You revenue solely for the purpose of delivering the Funded Activity and report on the use of that revenue if required by us.‌‌ 7.5 Notwithstanding any other provision of this Agreement, we may by notice withhold payment of any Funding if, in our reasonable opinion, you have not been complying complied with Your any material term of this Agreement to our reasonable satisfaction, including obligations under this Funding Agreement, to report and comply with Laws. 7.6 We may withhold or suspend any payment of from time to time at our discretion pay you indexation on the Funding in whole or recognition of any cost increases applicable to, and not currently reflected in the Funding for, the delivery of the Funded Activity. Once we have calculated and notified you of any such indexation, it will become and must be accounted for as part until You comply with such obligations. 3.5 We may set off any amount You owe to Us under this Funding Agreement or under any other agreement with Us against any Funding payable to You under this Funding Agreement. 3.6 Notwithstanding any withholding, suspending or set-off under clauses 3.4 or 3.5, You must continue to carry out the Project and perform any obligations under this Funding Agreement, unless We agree otherwise in writing. 3.7 We will issue You a recipient created tax invoice (or invoices) related to of the Funding. You are not required to issue Us with any invoices under this Funding Agreement unless expressly stated otherwise. You are required to provide Your ABN and state whether You are registered for GST. 3.8 Unless otherwise agreed by Us in writing, Funding will be paid by electronic transfer. We will arrange payment of the Funding to Your nominated bank account and will issue You with a remittance advice for Your records.

Payment of Funding. Funds payable 3.1 We will provide You with the Funding at the times and in the manner specified in Schedule 1. 3.2 Where Funding is payable in instalments and clause 3.3 does not apply, We will provide You with the instalments when We are reasonably satisfied that You have complied with all the conditions of this Funding Agreement and You have made satisfactory progress towards the goals of the Project. 3.3 Where Funding is payable in instalments on the achievement of Milestones, We will provide You with the relevant instalments following Your achievement to Our satisfaction of the applicable Milestone. 3.4 Without limiting Our rights7.1 Subject to: (a) We parliamentary appropriation; (b) if applicable, receipt of any part of the Funding that is to be provided by a third party to us (such as from the Commonwealth); and (c) the performance of your obligations under this Agreement, we will pay the Funding to you in accordance with the payment schedule set out in Item 5. 7.2 Payment of Funding is not an admission by us that you have met your obligations under this Agreement. 7.3 The monies to be contributed by us will not be required exceed the total amount of the Funding and we are not liable for: (a) any debts incurred by you to pay for any Project Material which is not provided to deliver the highest standard (until they are provided correctly) and may require You to replace or remedy those items within the time specified by Us (which must be reasonable)Funded Activity; and (b) any monies owed by you to any third party in connection with the delivery of the Funded Activity, and you are solely responsible for: (c) any budget or cost overruns of the Funded Activity; and (d) contributing further monies if We consider the Funding is insufficient to deliver the Funded Activity. 7.4 If you receive revenue from fees charged to Clients for the Funded Activity, you must use that You revenue solely for the purpose of delivering the Funded Activity and report on the use of that revenue if required by us.‌‌ 7.5 Notwithstanding any other provision of this Agreement, we may by notice withhold payment of any Funding if, in our reasonable opinion, you have not been complying complied with Your any material term of this Agreement to our reasonable satisfaction, including obligations under this Funding Agreement, to report and comply with Laws. 7.6 We may withhold or suspend any payment of from time to time at our discretion pay you indexation on the Funding in whole or recognition of any cost increases applicable to, and not currently reflected in the Funding for, the delivery of the Funded Activity. Once we have calculated and notified you of any such indexation, it will become and must be accounted for as part until You comply with such obligations. 3.5 We may set off any amount You owe to Us under this Funding Agreement or under any other agreement with Us against any Funding payable to You under this Funding Agreement. 3.6 Notwithstanding any withholding, suspending or set-off under clauses 3.4 or 3.5, You must continue to carry out the Project and perform any obligations under this Funding Agreement, unless We agree otherwise in writing. 3.7 We will issue You a recipient created tax invoice (or invoices) related to of the Funding. You are not required to issue Us with any invoices under this Funding Agreement unless expressly stated otherwise. You are required to provide Your ABN and state whether You are registered for GST. 3.8 Unless otherwise agreed by Us in writing, Funding will be paid by electronic transfer. We will arrange payment of the Funding to Your nominated bank account and will issue You with a remittance advice for Your records.

Payment of Funding. Funds payable 3.1 We will provide You with the Funding at the times and in the manner specified in Schedule 1. 3.2 Where Funding is payable in instalments and clause 3.3 does not apply, We will provide You with the instalments when We are reasonably satisfied that You have complied with all the conditions of this Funding Agreement and You have made satisfactory progress towards the goals of the Project. 3.3 Where Funding is payable in instalments on the achievement of Milestones, We will provide You with the relevant instalments following Your achievement to Our satisfaction of the applicable Milestone. 3.4 Without limiting Our rights: (a) We will not be required to pay for any Project Material which is not provided to the highest standard (until they are provided correctly) and may require You to replace or remedy those items within the time specified by Us (which must be reasonable); and (b) if We consider that You you have not been complying with Your obligations under this Funding Agreement, We may withhold or suspend any payment of Funding in whole or in part until You comply with such obligations. 3.5 We may set off any amount You owe to Us under this Funding Agreement or under any other agreement with Us against any Funding payable to You under this Funding Agreement. 3.6 Notwithstanding any withholding, suspending or set-off under clauses 3.4 or 3.5, You must continue to carry out the Project and perform any obligations under this Funding Agreement, unless We agree otherwise in writing. 3.7 We will issue You a recipient created tax invoice (or invoices) related to the Funding. You are not required to issue Us with any invoices under this Funding Agreement unless expressly stated otherwise. You are required to provide Your ABN and state whether You you are registered for GST. 3.8 Unless otherwise agreed by Us in writing, Funding will be paid by electronic transfer. We will arrange payment of the Funding to Your nominated bank account and will issue You with a remittance advice for Your records.