Common use of Provision of Funding Amount Clause in Contracts

Provision of Funding Amount. 2.1 Subject to continued compliance by the Recipient with its obligations under this Recipient Agreement, AWS will pay the Funding Amount to the Recipient in the Funding Instalments in accordance with the following provisions of this Clause 2. 2.2 On or before each Funding Use Report Deadline, the Recipient may submit a Payment Request to AWS together with or as part of its Funding Use Report. Unless otherwise agreed by AWS in writing the Recipient: (a) may submit only one Payment Request relating to each Funding Use Report Deadline; and (b) shall not submit any Payment Request after the Investment Deadline. 2.3 Each Payment Request must relate to only one Funding Instalment or, where the Purpose includes more than one Category, only one Funding Instalment for each Category, and must: (a) be in such form (whether including an invoice or other pro-forma) and level of detail and supported by such evidence as AWS may reasonably require: (b) identify the Funding Instalment(s) to which the request relates and the amount of such Funding Instalment(s), and set out any calculation necessary to demonstrate the accuracy of such amount(s); (c) identify the Funding Use Report Deadline to which the request relates; (d) confirm details of the Recipient Bank Account; (e) demonstrate fulfilment of the Instalment Release Conditions applicable to such Funding Instalment(s); and (f) include a statement certifying that (i) the Payment Request, (ii) the Funding Use Report accompanying the Payment Request, and (iii) all supporting evidence provided with the Payment Request, are complete and accurate and that, save as otherwise reported to AWS in accordance with this Recipient Agreement, the Recipient has complied with all requirements of this Recipient Agreement. 2.4 Provided that AWS is reasonably satisfied that: (a) the Instalment Release Conditions are fulfilled in relation to the entirety of the amount of the Funding Instalment(s) requested by the Recipient; (b) on or before the relevant Funding Use Report Deadline, the Recipient has submitted a Payment Request for such Funding Instalment(s) together with a Funding Use Report, each in accordance with and supported by the information required by this Recipient Agreement; and (c) the Recipient has otherwise complied with its obligations under this Recipient Agreement: AWS shall pay such Funding Instalment(s) to the Recipient within Twenty Business Days following the relevant Funding Use Report Deadline. 2.5 If on any Funding Use Report Deadline: (a) any cumulative number of measures delivered by the Recipient or, where the Purpose is divided into Categories, any cumulative number of measures delivered by the Recipient within any Category, is less than eighty per-cent of any relevant planned cumulative number of measures to be delivered by that date; or (b) AWS reasonably determines that any combination of measures delivered by the Recipient within the Purpose or any Category is materially inconsistent with any relevant combination of measures forecast to be delivered by that date; in each case as set out in the Planned Delivery Forecast, then within twenty Business Days following that Funding Use Report Deadline AWS may notify the Recipient that with effect from the Funding Use Report Deadline next following such notification further Funding Instalments are cancelled. Following any such notification, unless AWS in its absolute discretion agrees otherwise and notwithstanding any other provision of this agreement: (c) with the exception of any Payment Request relating solely to any Retained Amount, the Recipient shall not submit any Payment Request to AWS after the Funding Use Report Deadline next following such notification; and (d) the Recipient shall not be entitled to payment of any further part of the Funding Amount(s) other than (i) release of any Funding Instalment properly requested in accordance with this agreement on or before the Funding Use Report Deadline next following such notification, and (ii) any such Retained Amount. 2.6 AWS shall make all payments under this Recipient Agreement in GBP into the Recipient Bank Account. 2.7 The Recipient acknowledges that it is not entitled to charge VAT on the amount of any Funding Instalment, and accordingly any invoice submitted by the Recipient to AWS pursuant to this Recipient Agreement for payment of all or any part of any Funding Instalment shall not include VAT.

Provision of Funding Amount. 2.1 Subject to continued compliance by the Recipient with its obligations under this Recipient Agreement, AWS will pay the Funding Amount to the Recipient in the Funding Instalments in accordance with the following provisions of this Clause 2. 2.2 . On or before each Funding Use Report Deadline, the Recipient may submit a Payment Request to AWS together with or as part of its Funding Use Report. Unless otherwise agreed by AWS in writing the Recipient: (a) : may submit only one Payment Request relating to each Funding Use Report Deadline; and (b) and shall not submit any Payment Request after the Investment Deadline. 2.3 . Each Payment Request must relate to only one Funding Instalment or, where the Purpose includes more than one Category, only one Funding Instalment for each Category, and must: (a) : be in such form (whether including an invoice or other pro-forma) and level of detail and supported by such evidence as AWS may reasonably require: (b) : identify the Funding Instalment(s) to which the request relates and the amount of such Funding Instalment(s), and set out any calculation necessary to demonstrate the accuracy of such amount(s); (c) ; identify the Funding Use Report Deadline to which the request relates; (d) ; confirm details of the Recipient Bank Account; (e) ; demonstrate fulfilment of the Instalment Release Conditions applicable to such Funding Instalment(s); and (f) and include a statement certifying that (i) that the Payment Request, (ii) , the Funding Use Report accompanying the Payment Request, and (iii) and all supporting evidence provided with the Payment Request, are complete and accurate and that, save as otherwise reported to AWS in accordance with this Recipient Agreement, the Recipient has complied with all requirements of this Recipient Agreement. 2.4 . Provided that AWS is reasonably satisfied that: (a) : the Instalment Release Conditions are fulfilled in relation to the entirety of the amount of the Funding Instalment(s) requested by the Recipient; (b) ; on or before the relevant Funding Use Report Deadline, the Recipient has submitted a Payment Request for such Funding Instalment(s) together with a Funding Use Report, each in accordance with and supported by the information required by this Recipient Agreement; and (c) and the Recipient has otherwise complied with its obligations under this Recipient Agreement: AWS shall pay such Funding Instalment(s) to the Recipient within Twenty Business Days following the relevant Funding Use Report Deadline. 2.5 . If on any Funding Use Report Deadline: (a) : any cumulative number of measures delivered by the Recipient or, where the Purpose is divided into Categories, any cumulative number of measures delivered by the Recipient within any Category, is less than eighty per-cent of any relevant planned cumulative number of measures to be delivered by that date; or (b) or AWS reasonably determines that any combination of measures delivered by the Recipient within the Purpose or any Category is materially inconsistent with any relevant combination of measures forecast to be delivered by that date; in each case as set out in the Planned Delivery Forecast, then within twenty Business Days following that Funding Use Report Deadline AWS may notify the Recipient that with effect from the Funding Use Report Deadline next following such notification further Funding Instalments are cancelled. Following any such notification, unless AWS in its absolute discretion agrees otherwise and notwithstanding any other provision of this agreement: (c) : with the exception of any Payment Request relating solely to any Retained Amount, the Recipient shall not submit any Payment Request to AWS after the Funding Use Report Deadline next following such notification; and (d) and the Recipient shall not be entitled to payment of any further part of the Funding Amount(s) other than (i) than release of any Funding Instalment properly requested in accordance with this agreement on or before the Funding Use Report Deadline next following such notification, and (ii) and any such Retained Amount. 2.6 . AWS shall make all payments under this Recipient Agreement in GBP into the Recipient Bank Account. 2.7 . The Recipient acknowledges that it is not entitled to charge VAT on the amount of any Funding Instalment, and accordingly any invoice submitted by the Recipient to AWS pursuant to this Recipient Agreement for payment of all or any part of any Funding Instalment shall not include VAT.

Provision of Funding Amount. 2.1 Subject to continued compliance by the Recipient with its obligations under this Recipient Agreement, AWS will pay the Funding Amount to the Recipient in the Funding Instalments in accordance with the following provisions of this Clause 2. 2.2 On or before each Funding Use Report Deadline, the Recipient may submit a Payment Request to AWS together with or as part of its Funding Use Report. Unless otherwise agreed by AWS in writing the Recipient: (a) may submit only one Payment Request relating to each Funding Use Report Deadline; and (b) shall not submit any Payment Request after the Investment Deadline. 2.3 Each Payment Request must relate to only one Funding Instalment or, where the Purpose includes more than one Category, only one Funding Instalment for each Category, and must: (a) be in such form (whether including an invoice or other pro-forma) and level of detail and supported by such evidence as AWS may reasonably require: (b) identify the Funding Instalment(s) to which the request relates and the amount of such Funding Instalment(s), and set out any calculation necessary to demonstrate the accuracy of such amount(s); (c) identify the Funding Use Report Deadline to which the request relates; (d) confirm details of the Recipient Bank Account; (e) demonstrate fulfilment of the Instalment Release Conditions applicable to such Funding Instalment(s); and (f) include a statement certifying that (i) the Payment Request, (ii) the Funding Use Report accompanying the Payment Request, and (iii) all supporting evidence provided with the Payment Request, are complete and accurate and that, save as otherwise reported to AWS in accordance with this Recipient Agreement, the Recipient has complied with all requirements of this Recipient Agreement. 2.4 Provided that AWS is reasonably satisfied that: (a) the Instalment Release Conditions are fulfilled in relation to the entirety of the amount of the Funding Instalment(s) requested by the Recipient; (b) on or before the relevant Funding Use Report Deadline, the Recipient has submitted a Payment Request for such Funding Instalment(s) together with a Funding Use Report, each in accordance with and supported by the information required by this Recipient Agreement; and (c) the Recipient has otherwise complied with its obligations under this Recipient Agreement: AWS shall pay such Funding Instalment(s) to the Recipient within Twenty Business Days following the relevant Funding Use Report Deadline. 2.5 If on any Funding Use Report Deadline: (a) any cumulative number of measures delivered by the Recipient or, where the Purpose is divided into Categories, any cumulative number of measures delivered by the Recipient within any Category, is less than eighty per-cent of any relevant planned cumulative number of measures to be delivered by that date; or (b) AWS reasonably determines that any combination of measures delivered by the Recipient within the Purpose or any Category is materially inconsistent with any relevant combination of measures forecast to be delivered by that date; in each case as set out in the Planned Delivery Forecast, then within twenty Business Days following that Funding Use Report Deadline AWS may notify the Recipient that with effect from the Funding Use Report Deadline next following such notification further Funding Instalments are cancelled. Following any such notification, unless AWS in its absolute discretion agrees otherwise and notwithstanding any other provision of this agreement: (c) with the exception of any Payment Request relating solely to any Retained Amount, the Recipient shall not submit any Payment Request to AWS after the Funding Use Report Deadline next following such notification; and (d) the Recipient shall not be entitled to payment of any further part of the Funding Amount(s) other than (i) release of any Funding Instalment properly requested in accordance with this agreement on or before the Funding Use Report Deadline next following such notification, and (ii) any such Retained Amount. 2.6 AWS shall make all payments under this Recipient Agreement in GBP into the Recipient Bank Account. 2.7 2.6 The Recipient acknowledges that it is not entitled to charge VAT on the amount of any Funding Instalment, and accordingly any invoice submitted by the Recipient to AWS pursuant to this Recipient Agreement for payment of all or any part of any Funding Instalment shall not include VAT.