REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent (2.0 %) of the Revenue received by the Proponent.
6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN years or until Canada has received $200,000.00 from any Revenue received by the Proponent, whichever occurs first.
6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2.
6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.
REPAYMENT OF CONTRIBUTION. The Recipient shall, at the request of the City, repay to the City the whole or any portion of the Contribution if the Recipient:
i) has knowingly provided any false information in its application for the Contribution or any attachments to the application;
ii) breaches any of the terms of this agreement;
iii) breaches any of the provisions of Human Rights Code (Ontario), as amended, or other applicable legislation, regulations or by-laws in the operation of the Program; or
iv) commences, or has commenced against it, any proceedings in bankruptcy or is adjudged bankrupt.
REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent (2%) of the Revenue received by the Proponent.
6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of 15 years or until Canada has received $200,000 from any Revenue received by the Proponent, whichever occurs first.
6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2.
6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.
REPAYMENT OF CONTRIBUTION. If the Recipient and/or its partner organization the Ottawa Aboriginal Coalition receive any funding from the federal government and/or the the National Association of Friendship Centres for the period April 1, 2014 to June 30, 2014, the Recipient shall repay the Contribution to the City. Regardless of whether the Recipient receives funding from any other level of government, the Recipient shall, at the request of the City, repay to the City the whole or any portion of the Contribution if the Recipient:
I. Is not operating as a not-for-profit corporation;
II. Has knowingly provided any false information in its application for the Contribution or any attachments to the application;
III. Breaches any of the terms of this agreement;
IV. Breaches any of the provisions of Human Rights Code (Ontario), as amended, or other applicable legislation, regulations or by-laws in the operation of the Program; or
V. Commences, or has commenced against it, any proceedings in bankruptcy or is adjudged bankrupt.
REPAYMENT OF CONTRIBUTION. The Recipient acknowledges that if, at the end of the Funding Period, it is determined that the total amount of expenditures actually made during the Funding Period for the agreed upon project activities is less than the total amount referred to in section 8 and/or if, at the end of the Funding Period the amount that United Way of Durham Region has paid to the Recipient on account of the Contribution is in excess of the amount of the expenditures for the implementation of the agreed upon project during the Funding Period (e.g. as a result of using funds from other sources), the amount of such excess is a debt owing to United Way of Durham Region and shall be promptly repaid. Interest will be charged on overdue repayments at the prime bank rate.
