Right of Deduction. After the Centre receives the Recipient’s acceptance of the present Agreement, and concludes similar agreements with any Collaborating Institutions, if applicable, the Centre will make the initial payment under this Agreement to the Recipient in accordance with Part 3 - Schedule of Project Milestones. The initial payment under this Agreement, and all further payments with respect to this Project, shall be made in accordance with the terms of this Agreement on the condition that the Recipient is in compliance with all of its contractual obligations to the Centre, including such obligations that may arise in connection with any other agreement it may have concluded with the Centre (“Other Contractual Obligations”). Should the Recipient be in default of its obligations pursuant to this Agreement or Other Contractual Obligations, including reporting obligations, the Centre reserves the right to deduct any or all amounts which the Recipient may owe the Centre against the amounts the Centre may owe the Recipient pursuant to this Agreement.
Appears in 10 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
