Return of Overpayments. Notwithstanding any other provision of this Agreement, if upon the expiry or earlier termination of this Agreement FII determines that: (a) the claims made by the Recipient for Eligible Costs are less than the aggregate amount of all Accountable Advances made to the Recipient by FII; or (b) the Recipient owes money to FII under this Agreement for any other reason; then FII will give written notice of the applicable circumstances to the Recipient, and the Recipient will repay the amount owing to FII and as specified in the notice, including any interest that may have accrued on the Accountable Advances that has not already been repaid to FII. The Recipient will repay such amounts owing to FII on the same date the Reconciliation Statement and Certification of Project Expenditures (as described in Schedule 2 (Project Proposal, Budget and Reporting)) is due or as may be specified in the notice contemplated in this Section 4.2.
Appears in 4 contracts
Samples: Recipient Agreement, Recipient Agreement, Recipient Agreement
