Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx and agreed to allocate funding up to £19,870,000 across FY2021-22, FY2022-23, FY2023-24 and FY2024-25. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 2024-25 0
3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal Ashton. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU.
3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex A) Project Description This package bid aims to regenerate Ashton town centre. The first project will develop a xxxxxxxxxx site for residential, commercial and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or the PMU (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU (Annex A)
Purpose of Funding a. Individual Professional Development
i. visiting and observing peers
ii. attendance at job-related conferences, workshops, seminars, etc.
iii. attendance at job-related short courses and university summer courses.
Purpose of Funding. The Borrower shall use the Loan Amount for working capital, development of its business, distribution of funds among its subsidiaries and placing the funds to deposit at a bank / credit institution.
Purpose of Funding. Moving from provisional to full registration is an important step in a teacher’s career and demonstrates their proficiency against the Australian Professional Standards for Teachers. Early childhood services and their approved provider are invited to apply for funding of $2,872 (excluding GST) for each provisionally registered early childhood teacher they employ to support them to achieve full teacher registration with the Victorian Institute of Teaching within the next 12 months.
Purpose of Funding. The Funding is provided to enable You to perform the Activity described in Your Application by the End Date to Our reasonable satisfaction. By signing this Agreement, you agree to use the Funding solely to perform the Activity described in Your Application by the End Date to Our reasonable satisfaction.
Purpose of Funding. Funding is intended to provide for the establishment, administration and operation of FCSS Services in accordance with the FCSS Act, FCSS Regulation and FCSS Program Policies.
Purpose of Funding a. Individual Professional Development
Purpose of Funding. 3.1. The Funding has been made available in reliance on, and on the basis of the matters set out by the Liquidator in the Funding Application. However, to the extent there is any inconsistency between any matter contained in the Funding Application and the terms of this Agreement, the terms of this Agreement must prevail.
3.2. The Funding is for the Purpose set out in Item 5 of the Schedule.
3.3. Nothing in clause 3.2 is taken to relieve the Liquidator of their obligations under section 533(2) of the Corporations Act generally, and in particular to bring any matter to ASIC's attention which has not been selected by ASIC to be reported in the Report.
Purpose of Funding. 2.1 The Recipient shall use the funding only for the delivery of the Project and in accordance with the terms and conditions set out in this Agreement. Funding shall not be used for any other purpose without the prior written agreement of Highways England and the Catapult.
2.2 The Recipient shall not make any material change to the Project without written agreement from Highways England and the Catapult.
2.3 Where the Recipient intends to apply to a third party for other funding for the Project, it will notify Highways England and the Catapult in advance of its intention to do so and, where such funding is obtained, it will provide the Catapult with details of the amount and purpose of that funding. The Recipient agrees and accepts that it shall not apply for duplicate funding in respect of any part of the Project or any related administration costs that the Catapult is funding in full under this Agreement. For the avoidance of doubt, compliance with any obligations or conditions attaching to third party funding are the sole responsibility of the Recipient and Catapult shall have no liability in respect thereof.
Purpose of Funding. The Proponent shall use the Funding only for the purpose of its Development Activities in connection with the Project as set out in the Project Description in Schedule “A”.