Repayment of the Grant. In the event the Agreement is terminated, then Grantee shall immediately refund to CoLV an amount equal to the sum of the Grant monies paid by CoLV to Grantee pursuant to this Agreement. Notwithstanding the foregoing, Grantee will not be required to repay the Grant if the Agreement is terminated under Section 4A(1).
Repayment of the Grant. (a) In the event that:
(1) the Bank in its sole discretion determines that the Beneficiary or any of its officers, directors, authorised employees, affiliates, agents or representatives, has engaged in any Prohibited Practice with respect to the Grant, the Agreement and/or the Consultancy Contract; and
(2) the payment of the Grant has already been made in full or in part, the Bank shall reserve the right to demand repayment of the paid amount of the Grant from the Beneficiary and may by written notice to the Beneficiary demand such repayment. Upon the issuance of such notice by the Bank, and in accordance with the terms of the notice the Beneficiary shall be obliged to repay to the Bank the amount of the Grant paid by the Bank to the date of notice.
(b) Notwithstanding anything to the contrary in the Agreement, Section 5.04(a) shall survive termination or expiry of the Agreement for five (5) years.
Repayment of the Grant. Without prejudice to the Council’s other rights and remedies, the Council may require the repayment of all or part of the Grant during the Clawback Period within such timescale as the Council shall direct: in the event that both the Xxxxxx Carers cease for whatever reason to be Xxxxxx Carers; the Xxxxxx Carers are no longer occupying the Property as their only or principal home; the Xxxxxx Carers fail or has failed to disclose any material fact or information which ought in the opinion of the Council to have been disclosed in connection with the financial assistance determination made by the Council; if the Xxxxxx Carers are/is declared bankrupt or placed in receivership or liquidation or enters into any arrangement or composition for the benefit of their creditors, or is unable to pay its debts as they fall due, or has judgement for debt entered against them. any security created by any mortgage or charge executed by the Xxxxxx Carers shall become enforceable and the holder of such security shall take steps to enforce the same; if in the opinion of the Council, either of the Xxxxxx Carers are incapable of or unlikely to be able to carry out his or her obligations under this Agreement; if in the reasonable opinion of the Council either one or both of the Xxxxxx Carers is or are in wilful default of this Agreement or has or have acted fraudulently at any time. The Xxxxxx Carers shall repay to the Council any part of the Grant incorrectly paid to them as a result of an administrative error. The decision of the Council shall be final and conclusive. The Grant will be written off or cancelled by the Council on expiry of the Clawback Period PROVIDED ALWAYS at least one of the Xxxxxx Carers has remained a Xxxxxx Carer throughout the Clawback Period. If repayment of the Grant becomes necessary, it would be by way of an interest free loan which shall be reduced by 20% each year on the first anniversary of this Agreement and each anniversary thereafter during the Clawback Period.
Repayment of the Grant. 1. A Council may issue the Recipient a demand (according to item 6.2) to require the Recipient to repay some or all of the Grant to The Council if and to the extent any of the following applies (a) Grant not used for permitted purposes Any part of the Grant which has been used for purposes contrary to section 5.
Repayment of the Grant. Where the Commonwealth has given to the Grantee a notice in writing that states that the Grantee must repay an amount of the Grant (“the Repayment Notice”) and the Grantee has not repaid to the Commonwealth the amount specified in the Repayment Notice, the Commonwealth may recover that amount from the Grantee as a debt due to the Commonwealth either under Division 95 of the Act or otherwise as the case may be.
Repayment of the Grant. 11(1) Where the Project is suspended, not carried out at all, or not carried out properly and without prejudice to its right to terminate this Agreement pursuant to Article 16, EIB may demand repayment of the total amount of the Grant or reduce the Grant pro-rata to the actual implementation of the Project.
11(2) If the Project is not completed within the Implementation Period, the funds that remain unexpended will be reimbursed to EIB.
11(3) In case that the Grant is not used in compliance with (i) the procedures and the terms described herein and (ii) the Project specifications set out under Annex 1, EIB will be entitled to recover from the Beneficiary the proportion of Grant on the value of the funds wrongly paid or incorrectly used in any component of the Project. In this case the Beneficiary will be entitled to recover from the Final Beneficiaries the same amount. For the avoidance of doubt, the recovery of such funds by the Beneficiary from the Final Beneficiaries will not affect the obligation of the Beneficiary to repay the funds to EIB.
11(4) If the Grant is not made available to the Final Beneficiaries pursuant to the terms and conditions of this Agreement within 6 (six) months from the date of the first payment made by EIB to the Beneficiary under this Agreement, the EIB may demand repayment of the total amount of the Grant disbursed so far. In such case Articles 16(6) and 16(7) shall apply.
Repayment of the Grant. You may demand repayment (and we will repay promptly when asked) of all, or part of the grant, at your absolute discretion, in any of the following circumstances:
Repayment of the Grant. 3.1 The Charity will return to the RBG the whole or any part of the Grant not used for the Transition Scheme.
3.2 The Charity shall supply RBG with a statement detailing the amount of Grant not used for the Transition Scheme.
Repayment of the Grant. 1. In the cases referred to in Articles 1(1) and 8 of this Annex, the beneficiary undertakes to repay to the Commission any amounts paid in excess of the real eligible costs of the operation, in the manner and within the time limits set by the Commission.
2. In the event of termination of the agreement in the cases specified in Article 1(2) of this Annex, the Commission may request full or partial repayment of sums paid to the beneficiary. The Commission shall determine the manner and the time limits for such full or partial repayment.
3. Should the beneficiary fail to repay such amounts within the time limit set by the Commission, the Commission may increase the sums due by adding interest at the rate applied by the European Central Bank to its main refinancing operations, plus one and a half percentage points.
4. Bank charges occasioned by the repayment of sums due to the Commission shall be borne entirely by the beneficiary.
5. The recovery decision drawn up by the Commission and transmitted to the beneficiary owing a repayment to the Commission shall be enforceable within the meaning of Article 256 of the Treaty on European Union, Article 92 of the ECSC Treaty and Article 164 of the Euratom Treaty.
6. Amounts to be repaid to the Commission may be set off against amounts of any kind due to the Annex IV The financial statement of the grant year must be certified by an independent external registered auditor, who must enclose his full credentials. The costs for production and certification of the statement are eligible. As a minimum it shall contain a full statement of revenue and expenditure of the beneficiary, including revenue earmarked/used for ineligible expenses and expenditure that is ineligible under the present Programme (as defined in D(2) of the Annex to Decision 466/2002/EC). The revenue must be broken down by source. The breakdown of expenditure (both eligible and ineligible) must also be at an appropriate level of detail, that is, aggregating all transactions belonging to a certain category. The eligible expenditure must be clearly marked and totalled. If applicable, within these expenditures, all disbursements of funds to partners or member organisations must be detailed. Annex V
Repayment of the Grant. (a) In the event that:
(1) the Bank in its sole discretion determines that the Beneficiary or any of its officers, directors, authorised employees, affiliates, agents or representatives, has engaged in any Prohibited Practice with respect to the Grant, the Agreement and/or the Consultancy Contract; and
(2) the payment of the Grant has already been made, the Bank shall reserve the right to demand repayment of the Grant from the Beneficiary and may by written notice to the Beneficiary demand such repayment. Upon the issuance of such notice by the Bank, the Beneficiary shall be obliged to repay the Grant to the Bank in accordance with the terms of the notice.
(b) Notwithstanding anything to the contrary in the Agreement, Section 5.04(a) shall survive termination or expiry of the Agreement for five (5) years.
