Spending the Grant Sample Clauses

Spending the Grant. 10.1 The Grantee agrees to spend the Grant for the purpose of performing the Activity and otherwise in accordance with this Agreement.
Spending the Grant. The Grantee agrees to spend the Grant for the sole purpose of undertaking the Grant Activity, and to provide a statement, in the form required by the Commonwealth and signed by the Grantee, verifying that the Grant Activity has been undertaken and the Grant was spent in accordance with this Agreement.
Spending the Grant. The Grantee agrees to spend the Grant for the purpose of undertaking the Activity only. The Grantee agrees to provide a statement signed by the Grantee verifying the Grant was spent in accordance with the Grant Details.
Spending the Grant. The Grantee agrees to spend the Grant for the purpose of performing the Activity and otherwise in accordance with this Agreement. Within one month after the Activity’s Completion Date, and at least every 12 months during the term of the Agreement, the Grantee agrees to provide the Commonwealth with an independently audited financial acquittal report verifying that the Grant has been spent in accordance with this Agreement. The reports under clause 10.2 must be audited by: a Registered Company Auditor registered under the Corporations Xxx 0000; or a certified practising accountant; or a member of the National Institute of Accountants; or a member of the Institute of Chartered Accountants; who is not a principal member, shareholder, officer or employee of the Grantee or a related body corporate. Repayment If any amount of the Grant: has been spent other than in accordance with this Agreement; or is additional to the requirements of the Activity then the Commonwealth may, by written notice: require the Grantee to repay that amount to the Commonwealth; require the Grantee to deal with that amount as directed by the Commonwealth; or deduct the amount from subsequent payments of the Grant or amounts payable under another agreement between the Grantee and the Commonwealth. If the Commonwealth issues a notice under this Agreement requiring the Grantee to repay a Grant amount: the Grantee must do so within the time period specified in the notice; the Grantee must pay interest on any part of the amount that is outstanding at the end of the time period specified in the notice until the outstanding amount is repaid in full; and the Commonwealth may recover the amount and any interest under this Agreement as a debt due to the Commonwealth without further proof of the debt being required. Record keeping The Grantee agrees to keep financial accounts and other records that: detail and document the conduct and management of the Activity; identify the receipt and expenditure of the Grant [and any Other Contributions] separately within the Grantee's accounts and records so that at all times the Grant is identifiable; enable all receipts and payments related to the Activity to be identified and reported; and The Grantee agrees to maintain the records for five years after the Completion Date or such other time specified in the Grant Details and provide copies of the records to the Commonwealth upon request. Reporting and liaison The Grantee agrees to provide the Reporting Mate...
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Spending the Grant. (Option 1)
Spending the Grant. Within [XX] days of completing the above Grant Activity, the Grantee must provide the [insert name of the Commonwealth entity] with: a signed statement verifying that any money received from the [insert full name of the Commonwealth entity] has been spent in accordance with this letter; and/or receipt/s demonstrating that any money received from the [insert full name of the Commonwealth entity] has been spent in accordance with this letter; and/or repayment of any grant amount that has not been spent in accordance with this letter, or is additional to requirements, unless agreed otherwise in writing by the [insert full name of the Commonwealth entity].
Spending the Grant. 10. Repayment............................................................................................................................................
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