Common use of Reduction And Recovery Of Grant Clause in Contracts

Reduction And Recovery Of Grant. Without prejudice to the Authority's other rights and remedies (whether arising under this Grant Agreement or otherwise), the Authority may withhold or suspend payment of all or any part of the Grant and/or require the Grantee to repay any Unspent Monies if the Grantee fails to comply in any material respect with any of the terms of this Grant Agreement and/or if any of the events set out in clauses 7.5, 20.2, 20.3(a)-(g), 20.5 or 20.6 arise. All Unspent Monies, as calculated by the Authority, must be repaid to the Authority within thirty (30) working days from the date on which the request for payment is sent. The Grantee may not retain any Unspent Monies, or carry forward any Unspent Monies for use in the following Financial Year, without the Authority’s written permission. If the Grantee is wound up or goes into liquidation, administration, receivership or bankruptcy, or enters into any compromise or other arrangement of its debts with its creditors, the Authority will be entitled to recover any Unspent Monies and/or may withhold any further Grant payments. If any of the Unspent Monies is held by the Grantee’s own contractors, the Grantee must recover those sums (and shall procure that it has an enforceable right to recover those sums) from its contractors. If the Authority makes an overpayment to the Grantee, it will seek recovery of all sums overpaid. The Grantee will repay any overpayment to the Authority within thirty (30) calendar days of receiving a written request from the Authority to make a repayment.

Reduction And Recovery Of Grant. It is the Authority’s intention that the Grant will be paid to the Grant Recipient in full and in accordance with Annex 3 (Payment Schedule) of this Agreement. Without prejudice to the Authority's other rights and remedies (whether arising under this Grant Agreement or otherwise)remedies, the Authority may withhold or suspend payment of all or any part of the Grant and/or require the Grantee Grant Recipient to repay any Unspent Monies if the Grantee fails to comply in any material respect with any of the terms of this Grant Agreement and/or if any of the events set out in clauses 7.5, 20.2, 20.3(a)-(g), 20.5 or 20.6 clause 7.7 and clause 12 arise. All If the Grant Recipient fails to comply with any of the Terms and Conditions of this Agreement the Authority may require that all or part of the Grant be repaid. The Grant Recipient may not retain any portion of the Grant that has not been used by the end of the Funding Period without the Authority’s written permission. Where all or a proportion of the Grant remains unspent before the final instalment is paid or as a result of termination or breach of this Agreement the Unspent Monies, as calculated by the Authority, must be repaid to the Authority within thirty (30) working 30 days of a request for repayment. If any amount repayable in accordance with clause 7.5 is not repaid within 30 days of a request for repayment, the Authority reserves the right to unilaterally deduct that amount from the date on final instalment and/or other sum which the request for payment is sent. The Grantee due or which may not retain any Unspent Monies, or carry forward any Unspent Monies for use in the following Financial Year, without the Authority’s written permissionlater become due under this Agreement. If the Grantee Grant Recipient is wound up or goes into liquidation, administration, receivership or bankruptcy, or enters into any compromise or other arrangement of its debts with its creditors, the Authority will be entitled to recover any Unspent Monies grant money that has not been spent and/or may withhold any further Grant payments. If any of the Unspent Monies money is held by the GranteeGrant Recipient’s own contractors, the Grantee Grant Recipient must attempt to recover those sums (and shall procure that it has an enforceable right to recover those sums) from its contractors. If the Authority makes an overpayment to the Grantee, it will seek recovery of all sums overpaid. The Grantee will repay any overpayment to the Authority within thirty (30) calendar days of receiving a written request from the Authority to make a repayment.

Reduction And Recovery Of Grant. Without prejudice to the Authority's other rights and remedies (whether arising under this Grant Agreement or otherwise)remedies, the Authority may withhold or suspend payment of all or any part of grant funding due to the Grant Grantee and/or require the Grantee to repay any Unspent Monies if any of the events set out in clause 7.5 and clause 18 arise. If the Grantee fails to comply in any material respect with any of the terms of this Grant Agreement and/or if any the Authority may require that all or part of the events set out grant funding be repaid. The Grantee may not retain any portion of the Grant that has not been used by the end of the Financial Year in clauses 7.5the Funding Period without the Authority’s written permission. Where all or a proportion of the Grant Funding remains unspent at the end of the Financial Year, 20.2including as a result of termination of this Agreement, 20.3(a)-(g), 20.5 all or 20.6 arise. All a proportion of the Unspent Monies, as calculated by the Authority, must be repaid to the Authority within thirty (30) working days from the date on which the request for payment is sent. The Grantee may sent and must not retain any Unspent Monies, or carry be carried forward any Unspent Monies for use in the following Financial Year, without the Authority’s written permission. If the Grantee is wound up or goes into liquidation, administration, receivership or bankruptcy, or enters into any compromise or other arrangement of its debts with its creditors, the Authority will be entitled to recover any Unspent Monies grant money that has not been spent and/or may withhold any further Grant payments. If any of the Unspent Monies money is held by the Grantee’s own Grantee contractors, the Grantee must attempt to recover those sums (and shall procure that it has an enforceable right to recover those sums) from its contractors. If the Authority makes an overpayment to the Grantee, it will seek recovery of all sums overpaid. The Grantee will repay any overpayment to the Authority within thirty (30) calendar days of receiving a written request from the Authority to make a repayment.. If there is a dispute between the Parties about the overpayment, repayment will not be made until the dispute has been resolved. Managing the Grant