Recipient Contributions and Other Contributions. It is a condition precedent to the payment of the Funds under this Agreement that: the Recipient must provide the Recipient’s Contributions; if requested by the Department, the Recipient must provide the Department with written evidence that the persons specified in the Project Budget will provide the Other Contributions, including the amounts to be provided, the due dates for each of these amounts and the terms and conditions of the provision of the Other Contributions; and the basis on which the Other Contributions are to be provided is satisfactory to the Department. The Recipient must ensure that the terms on which any other funding or contributions are provided to the Recipient for, or in connection with, the Project are not inconsistent with the terms of this Agreement and do not in any way limit or affect the Recipient's ability to comply strictly with its obligations, or the Department’s ability to exercise its rights, under this Agreement. The Recipient must promptly notify the Department if the total amount of the Recipient's Contributions or Other Contributions reduces, or if such a reduction is anticipated. If: the Department receives notice under clause 30.1(c); the Recipient does not provide the Recipient’s Contributions or provide them in time to enable completion of the Project; or the Recipient is not able to obtain the Other Contributions or obtain them in time to enable completion of the Project, then the Department may, in its absolute discretion: suspend payment of the Funds or an instalment of the Funds until the Recipient’s Contributions are provided or the Other Contributions are received; reduce the amount of the Funds, adopting the formula in clause 30.1(e), where R = the reduced amount; or terminate this Agreement in accordance with clause 19. If, on expiry of the Agreement Period or any earlier termination of this Agreement, the Recipient’s Contributions and / or the Other Contributions have not been provided in full, the Department may (without limiting its rights) require the Recipient to refund to the Department within 20 Business Days of a written notice from the Department, an amount of Funds calculated in accordance with the following formula (up to an amount that does not exceed the total amount of the Funds): R = OC – AC Where:
Recipient Contributions and Other Contributions. (a) It is a condition precedent to the payment of the Funds under this Agreement that:
Recipient Contributions and Other Contributions not provided If, on expiry or termination of this Agreement, Recipient Contributions or Other Contributions have not been used for the Activity, ARENA is entitled to recover from the Recipient an amount that represents the same proportion of the Funds as the Recipient Contributions and Other Contributions which have not been used are of the total Recipient Contributions and Other Contributions.
Recipient Contributions and Other Contributions. (a) The total amount of the Recipient’s Contributions and / or Other Contributions is $[insert amount] (exclusive of GST) and must be paid in accordance with the Project Budget.
Recipient Contributions and Other Contributions. (clause 6)
Recipient Contributions and Other Contributions. The Audited Financial Statements must include: (a) a definitive statement as to whether the financial information for the Study represents the financial transactions fairly and is based on proper accounts and records; (b) if the Recipient is a company, a separate declaration from the Recipient's directors that the Recipient is solvent, a going concern and able to pay its debts as and when they fall due; and (c) detail of any ARENA Funding returned to ARENA by the Recipient and the reasons for such refund.
