Common use of Spending Clause in Contracts

Spending. the Grant (^Alternative Option 1^) 10.1 The Grantee agrees to spend the Grant for the purpose of performing the Activity and otherwise in accordance with this Agreement. 10.2 Within one month after the Activity Completion Date [and at least every 12 months during the term of the Activity], the Grantee agrees to provide [a] financial statement[s] signed by the Grantee verifying the Grant was spent in accordance with this Agreement. 10.3 A statement under clause 10.2 must include an income and expenditure statement in relation to the Grant and the Activity for each financial year of the Agreement.

Appears in 5 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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