Common use of Project relinquishment Clause in Contracts

Project relinquishment. i. If, at any time during the Project Activity Period, the project is relinquished by You, the Grant for the project must be terminated. In such cases, You must submit a variation. Any unspent Grant Funds for the project must be recovered by Us. ii. All Specified Personnel, Participating Organisations and You must agree to the project relinquishment. In extraordinary circumstances, the Deputy Vice Chancellor – Research or equivalent may make a request to relinquish the project without all approvals. iii. A Final Report must be submitted if the project was active for more than one year, or if more than one year of the Grant Funds have been expended, or if Research Outputs were produced. A3 Duration of the Grant A3.1 This Agreement takes effect on the date it has been executed by You and Us, and continues to operate until all parties have fulfilled their obligations under this Agreement. A3.2 The period of the Grant is the Project Activity Period. A3.3 The Project Activity Period for any project is indicative only of the intent of the Minister at the time of making the offer of the Grant and is not binding on the Us. In the event that the Minister subsequently makes a determination to vary the Grant, this Agreement will continue to apply to any project granted financial assistance under such a determination. A3.4 The project (other than the provision of any final reports) ends when the ARC-funded project activity is completed and all Grant Funds are spent, which is the Project End Date. A3.5 This Agreement ends when You have provided all of the reports and repaid any unspent Grant Funds as required under this Agreement, which is the Agreement End Date. A4 Payment of the Grant A4.1 The total amount of the Grant is detailed in the Grant Offer in RMS (GST excl).

Project relinquishment. i. If, at any time during the Project Activity Period, the project is relinquished by You, the Grant for the project must be terminated. In such cases, You must submit a variation. Any unspent ARC Grant Funds funding for the project must be recovered by Usthe ARC. ii. All Specified Personnel, Personnel and Participating Organisations and You must agree to the project relinquishment. In extraordinary circumstances, the Deputy Vice Chancellor – Research or equivalent may make a request to relinquish the project without all approvals. iii. A Final Report must be submitted if the project was active for more than one year, or if more than one year of the Grant Funds have been was expended, or if Research Outputs were produced. A3 Duration of the Grant A3.1 This Agreement takes effect on the date it has been executed by You and Usthe ARC, and continues to operate until all parties have fulfilled their obligations under this Agreement. A3.2 The period of the Grant is the Project Activity Period. A3.3 The Project Activity Period for any project is indicative only of the intent of the Minister at the time of making the offer of the Grant and is not binding on the UsCommonwealth. In the event that the Minister subsequently makes a determination to vary the Grant, this Agreement will continue to apply to any project granted financial assistance under such a determination. A3.4 The project (other than the provision of any final reports) ends when the ARC-ARC funded project activity is completed and all ARC Grant Funds are funding is spent, which is the Project End Date. A3.5 This Agreement ends when You have provided all of the reports and repaid any unspent ARC Grant Funds funding as required under this Agreement, which is the Agreement End Date. A4 Payment of the Grant A4.1 The total amount of the Grant is detailed in the Grant Offer in RMS (GST excl).

Project relinquishment. i. If, at any time during the Project Activity Period, the project is relinquished by You, the Grant for the project must be terminated. In such cases, You must submit a variation. Any unspent Grant Funds for the project must be recovered by Usthe ARC. ii. All Specified Personnel, Participating Organisations and You must agree to the project relinquishment. In extraordinary circumstances, the Deputy Vice Chancellor – Research or equivalent may make a request to relinquish the project without all approvals. iii. A Final Report must be submitted if the project was active for more than one year, or if more than one year of the Grant Funds have been expended, or if Research Outputs were produced. A3 Duration of the Grant A3.1 This Agreement takes effect on the date it has been executed by You and Usthe ARC, and continues to operate until all parties have fulfilled their obligations under this Agreement. A3.2 The period of the Grant is the Project Activity Period. A3.3 The Project Activity Period for any project is indicative only of the intent of the Minister at the time of making the offer of the Grant and is not binding on the UsCommonwealth. In the event that the Minister subsequently makes a determination to vary the Grant, this Agreement will continue to apply to any project granted financial assistance under such a determination. A3.4 The project (other than the provision of any final reports) ends when the ARC-ARC funded project activity is completed and all Grant Funds are spent, which is the Project End Date. A3.5 This Agreement ends when You have provided all of the reports and repaid any unspent Grant Funds as required under this Agreement, which is the Agreement End Date. A4 Payment of the Grant A4.1 The total amount of the Grant is detailed in the Grant Offer in RMS (GST excl).

Project relinquishment. i. IfYou must submit a Variation if, at any time during the Project Activity Period, the project is relinquished by You, . We may terminate the Grant and this Agreement if the Project is relinquished. Any unspent Grant funds for the project must be terminated. In such cases, You must submit a variation. Any unspent Grant Funds for the project must be recovered by Usrecovered. ii. All Specified Personnel, Participating Organisations and You must agree to the project relinquishment. iii. In extraordinary circumstancesExtraordinary Circumstances, the Deputy Vice Chancellor – Research or equivalent may make a request to relinquish the project without all approvals. iiiiv. A Final Report must be submitted if the project was active for more than one year, or if more than one year of the Grant Funds funds have been expended, or if Research Outputs were produced. A3 Duration of the GrantGrant‌ A3.1 This Agreement takes effect on the date it has been executed by You and Usthe ONI, and continues to operate until all parties have fulfilled their obligations under this Agreement. A3.2 The period of the Grant is the Project Activity Period. A3.3 The Project Activity Period for any project is indicative only of the intent of the Minister ONI Delegate at the time of making the offer of the Grant and is not binding on the UsCommonwealth. In the event that the Minister ONI Delegate subsequently makes a determination to vary the Grant, this Agreement will continue to apply to any project granted financial assistance under such a determination. A3.4 The project (other than the provision of any final reports) ends when the ARC-ONI funded project activity is completed and all ONI Grant Funds funds are spent, which is the Project End Date. A3.5 This Agreement ends when You have provided all of the reports and repaid any unspent ONI Grant Funds funds as required under this Agreement, which is the Agreement End Date. A4 Payment of the Grant Grant‌ A4.1 The total amount of the Grant is detailed in the Grant Offer in RMS (GST excl).