Common use of Set-off Rights of Minister Clause in Contracts

Set-off Rights of Minister. Without limiting the scope of the set-off rights provided for under the Financial Administration Act, it is understood that the Minister may set off against the Contribution any amounts owed by the Recipient to the Minister under legislation or contribution agreements and the Recipient shall declare to the Minister all amounts outstanding in that regard when making a claim under this Agreement.

Appears in 8 contracts

Samples: Strategic Innovation Fund Agreement, Strategic Innovation Fund Agreement (Spire Global, Inc.), Sif Agreement (Algoma Steel Group Inc.)

AutoNDA by SimpleDocs

Set-off Rights of Minister. Without limiting the scope of the set-off rights provided for under the Financial Administration Act, it is understood that the Minister may set off against the Contribution Contribution, any amounts owed by the Recipient Proponent to the Minister Her Majesty in Right of Canada under legislation or contribution agreements and the Recipient Proponent shall declare to the Minister all amounts outstanding in that regard when making a claim under this AgreementSchedule 3.

Appears in 2 contracts

Samples: Technology Partnerships Agreement, Technology Partnerships Agreement (Offshore Systems International LTD)

Set-off Rights of Minister. Without limiting the scope of the set-off rights provided for under the Financial Administration Act, it is understood that the Minister may set off against the Contribution any amounts owed by the Recipient to the Minister under legislation or contribution agreements Agreements and the Recipient shall declare to the Minister all amounts outstanding in that regard when making a claim under this Agreement.

Appears in 2 contracts

Samples: Strategic Innovation Fund Agreement (Edesa Biotech, Inc.), Strategic Innovation Fund Agreement (AbCellera Biologics Inc.)

AutoNDA by SimpleDocs

Set-off Rights of Minister. Without limiting the scope of the set-off rights provided for under the Financial Administration Act, it is understood that the Minister may set off against the Contribution any amounts owed by the Recipient Recipients to the Minister under legislation or contribution agreements and the Recipient Recipients shall declare to the Minister all amounts outstanding in that regard when making a claim under this Agreement.

Appears in 1 contract

Samples: Sif Agreement (D-Wave Quantum Inc.)

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