Common use of Process for Recovery of Funding Clause in Contracts

Process for Recovery of Funding. If the Funder, acting reasonably, determines that a recovery of Funding under section 5.1 is appropriate, then the Funder will give 30 Days’ Notice to the HSP. the amount of the proposed recovery; the term of the recovery, if not permanent; the proposed timing of the recovery;‌ the reasons for the recovery; and the amendments, if any, that the Funder proposes be made to the HSP’s obligations under this Agreement. The Funder will consider the representations made by the HSP and will advise the HSP of its decision. Funding recoveries, if any, will occur in accordance with the timing set out in the Funder’s decision. No recovery of Funding will be implemented earlier than 30 Days after the delivery of the Notice.

Appears in 28 contracts

Samples: Service Accountability Agreement, Service Accountability Agreement, Service Accountability Agreement

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