Common use of Schedule for Release of Funds Clause in Contracts

Schedule for Release of Funds. 4.1. It is understood and agreed that in accordance with the General Conditions and subject to performance of the work to the entire satisfaction of the Museum and in consideration of the Project to be delivered as defined in the Scope of Work in this Agreement, the Museum shall pay the Organization an investment in accordance with Schedule “B” (Deliverables and Terms for Release of Funds). 4.2. If, in the opinion of the Museum, the Project does not satisfy all the technical and content requirements set forth in this Agreement, the Museum can, as appropriate and in its sole discretion, cancel any release of funds or part thereof.

Schedule for Release of Funds. 4.1. It is understood and agreed that in 6.1 In accordance with the General Conditions and subject to performance upon completion of the work to the entire satisfaction of the Museum and in consideration a phase of the Project to be delivered the satisfaction of the Museum, and in exchange for delivery of the Project, as defined in the Scope statement of Work phases in this Agreement, the Museum shall pay release funds to the Organization an investment in accordance with Schedule “B” (Annex A: Deliverables and Terms for Release of Funds). 4.2. 6.2 If, in the opinion of the Museum, the Project does not satisfy all the technical and content requirements set forth in this Agreement, the Museum can, as appropriate and in its sole discretion, cancel any release of funds or part thereof.