Payment of Grant Funding. County will pay to Contractor an amount not to exceed the Funding Amount in accordance with the Agreement Documents.
Payment of Grant Funding. County will pay to Recipient an amount not to exceed the Funding Amount in accordance with the Agreement Documents.
Payment of Grant Funding. 3.1 The Parties have agreed that the Grant Funding will be paid to the Recipient in accordance with the Grant Procedure subject to the necessary funds being available when payment falls due. The Recipient agrees and accepts that payments of the Grant Funding can only be made to the extent that NDDC has available funds.
3.2 No Grant Funding shall be paid unless and until NDDC is satisfied that:
(a) such payment will be used for proper expenditure in respect of the Project;
(b) the Recipient has obtained any necessary planning and statutory consents to carry out the Project;
(c) the Recipient has obtained match funding to be able to complete the Project, where this is applicable; and
(d) the Recipient has complied with any further requirements set out in the Offer Letter.
3.3 The amount of the Grant Funding shall not be increased in the event of any overspend by the Recipient, or any costs incurred by the Recipient in the event of any slippage, in respect of the Project.
3.4 The Recipient shall promptly repay to NDDC any money incorrectly paid to it either as a result of an administrative error or otherwise. This includes (without limitation) situations where either an incorrect sum of money has been paid or where Grant Funding monies have been paid in error before all conditions attaching to the Grant Funding have been complied with by the Recipient.
Payment of Grant Funding. 8.1 Upon approval of both the County budget and the Societies request, an initial payment equal to 100% of the estimated final grant amount (the amount determined by the funding model once relevant revenues are factored in).
8.2 A payment of up to 50% of the estimated final grant amount may be provided if the County budget and/or the Society’s request is not yet approved. This will be provided at the discretion of Administration.
8.3 Any payment for a given year, will not be provided until the previous year’s reconciliation report is received and, if required, any owed funding is repaid.
