Common use of Release of Subsidy Clause in Contracts

Release of Subsidy. 8.1 Subject to Clauses 8.2 and 8.3 and the Recipient’s implementation of the Project to the satisfaction of the Government and the Recipient’s compliance with the terms and conditions of this Agreement, the Government shall release the Consultant Subsidy of not more than Hong Kong Dollars • Only (HK$ • ), which is the same amount as the Contract Price, to the Recipient in the following manner –

Release of Subsidy. 8.1 Subject to Clauses 8.2 and 8.3 and the Recipient’s implementation of the Project to the satisfaction of the Government and the Recipient’s compliance with the terms and conditions of this Agreement, the Government shall release the Contractor Subsidy and Additional Consultant Subsidy (if any), of not more than Hong Kong Dollars • Only (HK$ • ), which is the same amount HK$• ) as the Contract Pricecalculated in Annex I, to the Recipient in the following manner –

Release of Subsidy. 8.1 Subject to Clauses 8.2 and 8.3 and the Recipient’s implementation of the Project to the satisfaction of the Government and the Recipient’s compliance with the terms and conditions of this Agreement, the Government shall release the Contractor Subsidy and Additional Consultant Subsidy (if any), of not more than Hong Kong Dollars • Only (HK$ • ), which is the same amount ) as the Contract Pricecalculated in Annex I, to the Recipient in the following manner –