Project abandoned. If the Recipient has abandoned the Project or stated an intention to abandon the Project, and does not within 10 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's satisfaction that the Recipient will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the Project.
Appears in 28 contracts
Samples: Fund Funding Agreement, Funding Agreement, Funding Agreement
Project abandoned. If the Recipient has abandoned the Project or stated an intention to abandon the Project, and does not within 10 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's ’s satisfaction that the Recipient will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the Project.
Appears in 26 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
Project abandoned. If the Recipient has abandoned the Project or stated an intention to abandon the Project, and does not within 10 30 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's ’s satisfaction that the Recipient will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the Project.
Appears in 2 contracts
Samples: Funding Agreement, Funding Agreement
Project abandoned. If the Recipient has abandoned the Project or stated an intention to abandon the Project, and does not within 10 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's ’s satisfaction that the Recipient will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause sub clause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the Project.
Appears in 1 contract
Samples: www.mbie.govt.nz
Project abandoned. If the Recipient or Commercial Information has abandoned the Project Commercial Information or stated an intention to abandon the Project, and does not within 10 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's ’s satisfaction that the Recipient or will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the Project.
Appears in 1 contract
Samples: Funding Agreement
Project abandoned. If the Recipient has abandoned the Project or stated an intention to abandon the Project, and does not within 10 Business Days of being requested to do so by the Ministry demonstrate to the Ministry's satisfaction that the Recipient will proceed with the Project, the Ministry may recover an amount up to the total value of the Funding, provided the Ministry may not recover under this subclause if the Recipient satisfies the Ministry that it acted on reasonable grounds in deciding to abandon the ProjectProject or where the Project is anbandoned due to a Force Majeure Event.
Appears in 1 contract
Samples: Funding Agreement