Common use of PURPOSE AND DURATION OF THE GRANT Clause in Contracts

PURPOSE AND DURATION OF THE GRANT. 2.1 The Grant covers the following Funded Activities: capital expenditure relating to tree planting (or supported Natural Colonisation) and related aftercare (Maintenance Payments) and any discretionary EPREC payments to supply and plant trees to replace those lost due to failed planting in specified circumstances. The Parties agree that the Grant will be used for the purpose of delivering of the Funded Activities. 2.2 The Grant Funding Period starts upon FC receipt of the signed MoU (the Commencement Date) and ends after the final maintenance claim payment, unless terminated earlier in accordance with this MoU. 2.3 This MoU is not intended to be legally binding, and no legal obligations or legal rights shall arise between the Parties from the provisions of the MoU. The Parties enter this Agreement intending to honour all their obligations and responsibilities within the MoU. The process that will be followed by the Parties should any party not fulfil these obligations is set out below in Paragraph 12.