Common use of Repayment Clause in Contracts

Repayment. 11.1 If any amount of the Grant: (a) has been spent other than in accordance with this Agreement; or (b) is additional to the requirements of the Activity then the Commonwealth may, by written notice: (c) require the Grantee to repay that amount to the Commonwealth; (d) require the Grantee to deal with that amount as directed by the Commonwealth; or (e) deduct the amount from subsequent payments of the Grant or amounts payable under another agreement between the Grantee and the Commonwealth. 11.2 If the Commonwealth issues a notice under this Agreement requiring the Grantee to repay a Grant amount: (a) the Grantee must do so within the time period specified in the notice; (b) the Grantee must pay interest on any part of the amount that is outstanding at the end of the time period specified in the notice until the outstanding amount is repaid in full; and (c) the Commonwealth may recover the amount and any interest under this Agreement as a debt due to the Commonwealth without further proof of the debt being required.

Appears in 176 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

AutoNDA by SimpleDocs

Repayment. 11.1 If any amount of the Grant: (a) has been spent other than in accordance with this Agreement; or (b) is additional to the requirements of the Activity Activity; then the Commonwealth may, may by written notice: (c) require the Grantee to repay that amount to the Commonwealth; (d) require the Grantee to deal with that amount as directed by the Commonwealth; or (e) deduct the amount from subsequent payments of the Grant or amounts payable under another agreement between the Grantee and the Commonwealth. 11.2 If the Commonwealth issues a notice under this Agreement requiring the Grantee to repay a Grant amount: (a) the Grantee must do so within the time period specified in the notice; (b) the Grantee must pay interest on any part of the amount that is outstanding at the end of the time period specified in the notice until the outstanding amount is repaid in full; and (c) the Commonwealth may recover the amount and any interest under this Agreement as a debt due to the Commonwealth without further proof of the debt being required.

Appears in 65 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Repayment. 11.1 If any amount of the Grant: (a) has been spent other than in accordance with this Agreement; or (b) is additional to the requirements of the Activity Activity; then the Commonwealth may, may by written notice:: Connected Beginnings: Phase 2 – Grant Agreement Template (22662228) | 20 (c) require the Grantee to repay that amount to the Commonwealth; (d) require the Grantee to deal with that amount as directed by the Commonwealth; or (e) deduct the amount from subsequent payments of the Grant or amounts payable under another agreement between the Grantee and the Commonwealth. 11.2 If the Commonwealth issues a notice under this Agreement requiring the Grantee to repay a Grant amount: (a) the Grantee must do so within the time period specified in the notice; (b) the Grantee must pay interest on any part of the amount that is outstanding at the end of the time period specified in the notice until the outstanding amount is repaid in full; and (c) the Commonwealth may recover the amount and any interest under this Agreement as a debt due to the Commonwealth without further proof of the debt being required.

Appears in 1 contract

Samples: Grant Agreement

AutoNDA by SimpleDocs

Repayment. 11.1 If any amount of the Grant: (a) has been spent other than in accordance with this Agreement; or (b) is additional to the requirements of the Activity then the Commonwealth may, by written notice: (c) require the Grantee to repay that amount to the Commonwealth; (d) require the Grantee to deal with that amount as directed by the Commonwealth; or (e) deduct the amount from subsequent payments of the Grant or amounts payable under another agreement between the Grantee and the Commonwealth. 11.2 If the Commonwealth issues a notice under this Agreement requiring the Grantee to repay a Grant amountamount the: (a) the Grantee must do so within the time period specified in the notice; (b) the Grantee must pay interest on any part of the amount that is outstanding at the end of the time period specified in the notice until the outstanding amount is repaid in full; and (c) the Commonwealth may recover the amount and any interest under this Agreement as a debt due to the Commonwealth without further proof of the debt being required.

Appears in 1 contract

Samples: Grant Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!