Payment of the Funds. (a) Subject to Parliamentary appropriation and to the provisions of this Agreement, the Commonwealth agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule.
(b) Notwithstanding any other clause of this Agreement the Commonwealth may defer, reduce or not make a payment of Funds if at any time:
(i) the Recipient has not achieved a Milestone to the Commonwealth’s satisfaction, that was due to be completed before the date of payment, until that Milestone is completed to the Commonwealth’s satisfaction;
(ii) the Recipient has not performed the Activity to the satisfaction of the Commonwealth and in accordance with the terms of this Agreement, until the Recipient remedies its non-performance;
(iii) the Commonwealth has insufficient Activity funding available at the time the payment is due to the Recipient;
(iv) the Commonwealth has become entitled to terminate this Agreement under clause 18.1;
(v) the Commonwealth forms the opinion, on reasonable grounds, having regard to the Activity Budget and information provided in the Reports, that the full payment is not properly required by the Recipient to carry out the Activity; or
(vi) the Recipient has not complied with any provision of this Agreement which provides that the Recipient will not be entitled to spend or receive any Funds until that obligation has been complied with.
(c) Notwithstanding any other clause of this Agreement, if the Recipient has received any Funds, the Recipient is not entitled to spend those Funds if the Commonwealth has notified the Recipient that one or more of the circumstances specified in clauses 5.1(b)(i) to 5.1(b)(vi) (inclusive) applies, unless the Commonwealth agrees in writing otherwise.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Recipient the Funds in accordance with the Milestone Schedule. Funds provided under this Agreement: must only be used for the purposes of carrying out the Project and performing this Agreement; must not be used to cover the cost of any activities completed prior to the execution of this Agreement; must not, unless agreed by the Department in writing, be used to cover the cost of any activities commenced but not yet completed prior to the execution of this Agreement; are not to be applied towards administrative and other general costs of the Recipient unless any such costs are approved in writing by the Department or expressly included in the Project Budget; must not, unless the prior written approval of the Department has been obtained, be used in a manner which is inconsistent with the Project Budget; subject to clause 5.2(g), must not be used as any form of security for the purpose of obtaining or complying with any form of loan, credit, payment or other interest, or for the preparation of, or in the course of any litigation. This clause 5.2(f) does not prevent the Recipient: providing a copy of this Agreement to a prospective financier; or indicating to prospective financiers that the Department has agreed to provide the Funds for the purposes of the Project; and may form part of an existing security held over the Recipient's assets provided a priority agreement is entered into between the Department, the Recipient and the Recipient's financier or holder of the existing security. The priority agreement must be on terms acceptable to the Department and must not allow the financier or holder of the existing security priority to the Funds. The amount of Funds to be contributed by the Department in relation to the Project will not exceed the maximum amount of Funds specified in Item 3.1 of the Project Particulars.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, the Department agrees to pay to the Recipient the Funds at the times and in the manner specified in Item B(2) of the Schedule.
Payment of the Funds. The Funds will be provided in Milestone payments in the following amounts:
Payment of the Funds. Subject to any adjustment under clause 5.5, the Funds will be provided in Milestone payments in the following amounts:
Payment of the Funds. (a) Subject to Parliamentary appropriation and to the provisions of this Agreement, the Commonwealth agrees to pay to the Organisation the amount of Funds specified in column 4 of the Deliverables and Milestones Schedule, upon provision by the Organisation to the Commonwealth's satisfaction of all Deliverables set out in column 2 of the Deliverables and Milestones Schedule for that stage, and as set out in Items 6.3 and 6.4 of Schedule 1, if applicable
(b) Instalments of Funds will be paid by the Commonwealth 28 calendar days after acceptance by the Commonwealth of all Deliverables for that stage and following receipt by the Commonwealth of a correctly rendered Tax Invoice.
(c) Notwithstanding any other clause of this Agreement:
(i) the Commonwealth may, at its absolute discretion defer, reduce or not make a payment of Funds;
(ii) the Organisation is not entitled to receive, and the Commonwealth is not obliged to pay, any amount under this Agreement; and
(iii) if the Organisation has received any Funds, the Organisation is not entitled to spend those Funds, if at any time:
(iv) the Commonwealth has insufficient Program funding available at the time the payment is due to the Organisation;
(v) the Commonwealth has become entitled to terminate this Agreement under clause 18.1;
(vi) the Commonwealth forms the opinion on reasonable grounds that the full payment is not properly required by the Organisation to carry out the Project or because of Project surpluses or underspends;
(vii) the Organisation has not complied, to the reasonable satisfaction of the Commonwealth with all its obligations under clauses 4, 6.3(a), 6.6 or 21 of this Agreement; or
(viii) the Organisation has not complied with any provision of this Agreement which provides that the Organisation will not be entitled to spend or receive any Funds until that obligation has been complied with.
Payment of the Funds. Subject to Parliamentary appropriation and to the provisions of this Agreement, DNP agrees to pay to the Recipient the Funds at the times and in the manner specified in Item B(2) of the Schedule. Funds provided under this Agreement: must only be used for the purposes of carrying out the Project and performing this Agreement; must not be used to cover the cost of any activities completed prior to the execution of this Agreement; must not, unless agreed by DNP in writing, be used to cover the cost of any activities commenced but not yet completed prior to the execution of this Agreement; and are not to be applied towards administrative and other general costs of the Recipient unless any such costs are approved in writing by DNP. The amount of Funds to be contributed by DNP in relation to the Project will not exceed the maximum amount of Funds specified in Item B(1) of the Schedule. DNP accepts no liability for any debts incurred by the Recipient, any monies owing by the Recipient to its personnel, any cost overruns or there being insufficient monies to complete the Project.
Payment of the Funds. Partner shall adhere to the procedures set forth in the Guidelines with regard to requests for payment of the Funds. OHFA shall review and process all submitted reimbursement requests within thirty (30) days of receipt from Partner and shall disburse the Funds as soon as practicable.
Payment of the Funds. (a) In accordance with s 78(1) of the Traditional Owner Xxxxxxxxxx Xxx 0000 (Vic), the Funds provided for in this clause are for the purpose of giving effect to this Agreement.
(b) Subject to clause 5.2, the State will pay $5,000,000 to the Victorian Traditional Owners Trust, to be held by the Trustee as a Traditional Owners Account within the Trust for and on behalf of the Dja Dja Wurrung.
(c) Subject to clause 5.3, the State will pay $3,250,000 to the Corporation for economic development purposes.
(d) Subject to clause 5.4, the State will provide $900,000 under the Grant Funding Agreement to the Corporation.
Payment of the Funds. County shall pay CCSF a one-time payment of $350,000.00 (“Funds”) to be used and expended for the purposes described in this Agreement. Payment of the Funds shall be made within 15 days of full execution of this Agreement. Funding pursuant to this Agreement, whether in whole or in part, is subject to and contingent upon the continuing availability of the Funds for the purposes set forth herein. Should the Funds, or any part thereof, become unavailable as determined solely by County, County may immediately terminate this Agreement or amend it accordingly.
