Review and Acceptance. Within 20 calendar days of receipt of a report, the Centre shall notify the Recipient, in writing, of any errors, omissions or clarification required in the report, in which case any outstanding payment will be withheld until the report is deemed acceptable. Notwithstanding Part 4 - Project Budget, the financial forecast submitted by the Recipient and an analysis by the Centre of the accounted expenditures will serve as basis for establishing the cash flow needs for the period or Milestones covered by the next payment and, consequently, the amount of the payment itself.
Appears in 9 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Review and Acceptance. Within 20 calendar days of receipt of a report, the Centre shall notify the Recipient, in writing, of any errors, omissions or clarification required in the report, in which case any outstanding payment will be withheld until the report is deemed acceptable. Notwithstanding Part 4 - Project Budget, the financial forecast submitted by the Recipient and an analysis by the Centre of the accounted expenditures will serve as basis for establishing the cash flow needs for the period or Milestones covered by the next payment and, consequently, the amount of the payment itself.. Payment
Appears in 1 contract
Samples: Grant Agreement