Common use of Settlement and Recovery of Funding for Prior Years Clause in Contracts

Settlement and Recovery of Funding for Prior Years. 5.8.1 The Hospital acknowledges that settlement and recovery of Funding can occur up to seven years after the provision of Funding. 5.8.2 The Hospital agrees that if the parties are directed in writing to do so by the Ministry, the Funder will settle and recover funding provided by the Ministry to the Hospital prior to the transition of the funding for the services or program to the Funder, provided that such settlement and recovery occurs within seven years of the provision of the funding by the Ministry. All such settlements and recoveries will be subject to the terms applicable to the original provision of funding.

Settlement and Recovery of Funding for Prior Years. 5.8.1 The Hospital acknowledges that settlement and recovery of Funding can occur up to seven years after the provision of Funding. 5.8.2 The Hospital agrees that if the parties are directed in writing to do so by the MinistryMOHLTC, the Funder LHIN will settle and recover funding provided by the Ministry MOHLTC to the Hospital prior to the transition of the funding for the services or program to the FunderLHIN, provided that such settlement and recovery occurs within seven years of the provision of the funding by the MinistryMOHLTC. All such settlements and recoveries will be subject to the terms applicable to the original provision of funding.

Settlement and Recovery of Funding for Prior Years. 5.8.1 The Hospital acknowledges that settlement and recovery of Funding can occur up to seven years after the provision of Funding. 5.8.2 The Hospital agrees that if the parties are directed in writing to do so by the Ministry, the Funder will settle and recover funding provided by the Ministry to the Hospital prior to the transition of the funding for the services or program to the Funder, provided that such settlement and recovery occurs within seven years of the provision of the funding by the Ministry. All such settlements and recoveries will be subject to the terms applicable to the original provision of funding.