Common use of Payment of the Funding Clause in Contracts

Payment of the Funding. 5.1 Subject to compliance by the Beneficiary with its obligations set out in this Agreement, the PCC shall pay the Funding to the Beneficiary in accordance with the timetable for payment set out in the Schedule to the Beneficiary's nominated bank account notified to the PCC in writing on or before the Commencement Date. Any payment of the whole or any part of the Funding is subject to the PCC having the available funds to make the specified payment on the due date. 5.2 In the event that the PCC does not have sufficient funds to make any payment due under Clause 5.1, the PCC shall use its best endeavours to pay any shortfall within five Working Days of the relevant due date. 5.3 The PCC reserves the right to withhold payment of any final instalment until it has received all appropriate expenditure and monitoring information as outlined in the Schedule. 5.4 It is the Beneficiary’s responsibility to ensure that its receipt, management and expenditure of the Funding complies with all tax requirements in force at all times throughout the Grant Period. For the avoidance of doubt, if any amount due under this Agreement is subject to VAT or any other tax, the PCC shall not be responsible to pay to the Beneficiary for that VAT or other tax in addition to the Funding. 5.5 The Beneficiary acknowledges and agrees that unless explicitly agreed by the PCC in writing in advance, the Funding will not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by any local public authority. 5.6 The Beneficiary shall notify the PCC as soon as reasonably practicable if any underspend is forecast. 5.7 If an overpayment of the Funding is made at any time, the Beneficiary shall repay any overpayment within 30 days of receiving any request for repayment from the PCC. 5.8 Within 30 days of the end of each financial year of the Grant Period, the Beneficiary shall repay to the PCC any unspent Funding for that financial year.

Payment of the Funding. 5.1 Subject to compliance by the Beneficiary with its obligations set out in this Agreement, the PCC shall pay the Funding to the Beneficiary in accordance with the timetable for payment by instalments as set out in the Schedule to the Beneficiary's nominated bank account notified to the PCC in writing on or before the Commencement Date. Any payment of the whole or any part of the Funding is subject to the PCC having the available funds to make the specified payment on the due date. 5.2 In the event that the PCC does not have sufficient funds to make any payment due under Clause 5.1, the PCC shall use its best endeavours to pay any shortfall within five Working Days of the relevant due date. 5.3 The PCC reserves the right to withhold payment of any final instalment until it has received all appropriate expenditure and monitoring information as outlined in the Schedule. 5.4 It is the Beneficiary’s responsibility to ensure that its receipt, management and expenditure of the Funding complies with all tax requirements in force at all times throughout the Grant Period. For the avoidance of doubt, if any amount due under this Agreement is subject to VAT or any other tax, the PCC shall not be responsible to pay to the Beneficiary for that VAT or other tax in addition to the Funding. 5.5 The Beneficiary acknowledges and agrees that unless explicitly agreed by the PCC in writing in advance, the Funding will not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by any local public authority. 5.6 The Beneficiary shall notify the PCC as soon as reasonably practicable if any underspend is forecast. 5.7 If an overpayment of the Funding is made at any time, the Beneficiary shall repay any overpayment within 30 days of receiving any request for repayment from the PCC. 5.8 Within 30 days of the end of each financial year of the Grant Period, the Beneficiary shall repay to the PCC any unspent Funding for that financial year.

Payment of the Funding. 5.1 Subject to compliance by the Beneficiary with its obligations set out in this Agreement, the PCC shall pay the Funding to the Beneficiary in accordance with the timetable for payment by instalments as set out in the Schedule to the Beneficiary's nominated bank account notified to the PCC in writing on or before the Commencement Date. Any payment of the whole or any part of the Funding is subject to the PCC having the available funds to make the specified payment on the due date. 5.2 In the event that the PCC does not have sufficient funds to make any payment due under Clause 5.1, the PCC shall use its best endeavours to pay any shortfall within five Working Days of the relevant due date. 5.3 The PCC reserves the right to withhold payment of any final instalment until it has received all appropriate expenditure and monitoring information as outlined in the Schedule. 5.4 It is the Beneficiary’s responsibility to ensure that its receipt, management and expenditure of the Funding complies with all tax requirements in force at all times throughout the Grant Period. For the avoidance of doubt, if any amount due under this Agreement is subject to VAT or any other tax, the PCC shall not be responsible to pay to the Beneficiary for that VAT or other tax in addition to the Funding. 5.5 The Beneficiary acknowledges and agrees that unless explicitly agreed by the PCC in writing in advance, the Funding will not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by any local public authority. 5.6 The Beneficiary shall notify the PCC as soon as reasonably practicable if any underspend is forecast. 5.7 If an overpayment of the Funding is made at any time, the Beneficiary shall repay any overpayment within 30 days of receiving any request for repayment from the PCC. 5.8 Within 30 days of the end of each financial year of the Grant Period, the Beneficiary shall repay to the PCC any unspent Funding for that financial yearyear (unless it has been agreed in writing that this can be re-forecast).

Payment of the Funding. 5.1 Subject to compliance by the Beneficiary with its obligations set out in this Agreement, the PCC shall pay the Funding to the Beneficiary in accordance with the timetable for payment by instalments as set out in the Schedule to the Beneficiary's nominated bank account notified to the PCC in writing on or before the Commencement DateSchedule. Any payment of the whole or any part of the Funding is subject to the PCC having the available funds to make the specified payment on the due date. 5.2 In the event that the PCC does not have sufficient funds to make any payment due under Clause 5.1, the PCC shall use its best endeavours to pay any shortfall within five Working Days of the relevant due date. 5.3 The PCC reserves the right to withhold payment of any final instalment until it has received all appropriate expenditure and monitoring information as outlined in the Schedule. 5.4 It is the Beneficiary’s responsibility to ensure that its receipt, management and expenditure of the Funding complies with all tax requirements in force at all times throughout the Grant Period. For the avoidance of doubt, if any amount due under this Agreement is subject to VAT or any other tax, the PCC shall not be responsible to pay to the Beneficiary for that VAT or other tax in addition to the Funding. 5.5 The Beneficiary acknowledges and agrees that unless explicitly agreed by the PCC in writing in advance, the Funding will not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by any local public authority. 5.6 The Beneficiary shall notify the PCC as soon as reasonably practicable if any underspend is forecast. 5.7 If an overpayment of the Funding is made at any time, the Beneficiary shall repay any overpayment within 30 days of receiving any request for repayment from the PCC. 5.8 Within 30 days of the end of each financial year of the Grant Period, the Beneficiary shall repay to the PCC any unspent Funding for that financial year.

Payment of the Funding. 5.1 Subject to compliance by the Beneficiary with its obligations set out in this Agreement, the PCC shall pay the Funding to the Beneficiary in accordance with the timetable for payment by instalments as set out in the Schedule to the the‌ Beneficiary's nominated bank account notified to the PCC in writing on or before the Commencement Date. Any payment of the whole or any part of the Funding is subject to the PCC having the available funds to make the specified payment on the due date. 5.2 In the event that the PCC does not have sufficient funds to make any payment due under Clause 5.1, the PCC shall use its best endeavours to pay any shortfall within five Working Days of the relevant due date. 5.3 The PCC reserves the right to withhold payment of any final instalment until it has received all appropriate expenditure and monitoring information as outlined in the Schedule. 5.4 It is the Beneficiary’s responsibility to ensure that its receipt, management and expenditure of the Funding complies with all tax requirements in force at all times throughout the Grant Period. For the avoidance of doubt, if any amount due under this Agreement is subject to VAT or any other tax, the PCC shall not be responsible to pay to the Beneficiary for that VAT or other tax in addition to the Funding. 5.5 The Beneficiary acknowledges and agrees that unless explicitly agreed by the PCC in writing in advance, the Funding will not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by any local public authority. 5.6 The Beneficiary shall notify the PCC as soon as reasonably practicable if any underspend is forecast. 5.7 If an overpayment of the Funding is made at any time, the Beneficiary shall repay any overpayment within 30 days of receiving any request for repayment from the PCC. 5.8 Within 30 days of the end of each financial year of the Grant Period, the Beneficiary shall repay to the PCC any unspent Funding for that financial year.