Common use of Suspension of Funding Clause in Contracts

Suspension of Funding. 20.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the Budget. 20.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) unless and until ARENA notifies the Recipient otherwise. 20.3 ARENA's right to suspend payment under clause 20.1 (Suspension of Funding) will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding), the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) have been satisfied. 20.5 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding), the Recipient must continue to comply with any obligations under this Agreement that are not materially affected by any such suspension.

Appears in 3 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

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Suspension of Funding. 20.1 28.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may at its discretion, suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the item 2.3 (Budget) of Schedule 1 (The Project). 20.2 28.2 Where ARENA suspends payment in accordance with clause 28.1 (Suspension of Funding), ARENA must notify the Recipient as soon as reasonably practicable. 28.3 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 28.2 (Suspension of Funding) unless and until ARENA notifies the Recipient otherwise. 20.3 28.4 ARENA's right to suspend payment under clause 20.1 clause 28.1 (Suspension of Funding) will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 28.5 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 28 (Suspension of Funding), the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 16 have been satisfied. 20.5 28.6 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 clause 28.1 (Suspension of Funding), the Recipient must must: (a) continue to comply with any its obligations under this Agreement that are not materially affected Agreement; and (b) continue carrying out the Project, unless otherwise agreed by any such suspensionARENA acting reasonably.

Appears in 3 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

Suspension of Funding. 20.1 29.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may at its discretion, suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the Budgetitem 2.3 of Schedule 1 (The Project). 20.2 29.2 Where ARENA suspends payment in accordance with clause 29.1, ARENA must notify the Recipient as soon as reasonably practicable. 29.3 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) 29.2 unless and until ARENA notifies the Recipient otherwise. 20.3 29.4 ARENA's ’s right to suspend payment under clause 20.1 (Suspension of Funding) clause 29.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 29.5 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)29, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 16 have been satisfied. 20.5 29.6 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding)clause 29.1, the Recipient must must: (a) continue to comply with any its obligations under this Agreement; and (b) continue carrying out the Project, unless otherwise agreed by ARENA acting reasonably. Advancing Renewables Program Funding Agreement that are not materially affected by any such suspension.| Vast Solar, Port Augusta Concentrated Solar Power Project 2022/ARP026 24

Appears in 2 contracts

Samples: Funding Agreement (Vast Renewables LTD), Advancing Renewables Program Funding Agreement (Vast Renewables LTD)

Suspension of Funding. 20.1 17.1 Without limiting its other rights, ARENA may: (a) upon giving the Recipient at least 10 Business Days' prior notice, ARENA may suspend payment of the ARENA Funding in whole or in part part; and/or (b) immediately upon giving the Recipient notice, direct the Recipient not to spend the ARENA Funding in whole or in part; if: (ac) in ARENA's reasonable opinion, the Recipient has not undertaken the Activity as required under this Agreement or has not spent the ARENA Funding in accordance with this Agreement; (d) there is a Material Breach of this Agreement that has continued for a period of 10 5 Business Days, and is continuing; or (be) the Recipient has received, or requested to receive, grant funding other funds from the Commonwealth or a State, Territory or local government other than for the ARENA Funding or Contributions specified in the BudgetActivity. 20.2 17.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding17.1(b) unless and until ARENA notifies the Recipient otherwise. 20.3 17.3 ARENA's right to suspend payment under clause 20.1 (Suspension of Fundingclause 17.1(a) will cease upon ARENA determining, acting reasonably, determining that the cause of the suspension has been remedied. 20.4 17.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)17, the Recipient will not be entitled to payment of the ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) Payment Criteria have been satisfied. 20.5 17.5 Despite any suspension to payment or direction not to spend the ARENA Funding in accordance with clause 20.1 (Suspension of Funding), the Recipient must continue to comply with any its obligations under this Agreement that are not materially affected Agreement, and unless otherwise notified by any such suspensionARENA, continue carrying out the Activity.

Appears in 1 contract

Samples: Funding Agreement

Suspension of Funding. 20.1 25.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may at its discretion, suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the Budgetitem 2.2 of Schedule 1 (The Project). 20.2 25.2 Where ARENA suspends payment in accordance with clause 25.1, ARENA must notify the Recipient as soon as reasonably practicable. 25.3 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) 25.2 unless and until ARENA notifies the Recipient otherwise. 20.3 25.4 ARENA's right to suspend payment under clause 20.1 (Suspension of Funding) clause 25.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied.. TRAC Program Funding Agreement | [insert Project title] 20.4 25.5 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)25, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 14 have been satisfied. 20.5 25.6 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding)clause 25.1, the Recipient must must: (a) continue to comply with any its obligations under this Agreement that are not materially affected Agreement; and (b) continue carrying out the Project, unless otherwise agreed by any such suspensionARENA acting reasonably.

Appears in 1 contract

Samples: Funding Agreement

Suspension of Funding. 20.1 24.1 Without limiting its other rights, ARENA may: (a) upon giving the Recipient at least 10 Business Days' prior notice, ARENA may suspend payment of the ARENA Funding in whole or in part part; and/or (b) immediately upon giving the Recipient notice, direct the Recipient not to spend the ARENA Funding in whole or in part; if: (ac) in ARENA's reasonable opinion, the Recipient has not undertaken the Project as required under this Agreement or has not spent the ARENA Funding in accordance with this Agreement; (d) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (be) the Recipient has received, or requested to receive, grant funding other funds from the Commonwealth or a State, Territory or local government other than for the ARENA Funding or Contributions specified in the BudgetProject. 20.2 24.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding24.1(b) unless and until ARENA notifies the Recipient otherwise. 20.3 24.3 ARENA's right to suspend payment under clause 20.1 (Suspension of Fundingclause 24.1(a) will cease upon ARENA determining, acting reasonably, determining that the cause of the suspension has been remedied. 20.4 24.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)24, the Recipient will not be entitled to payment of the ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) Payment Criteria have been satisfied. 20.5 24.5 Despite any suspension to payment or direction not to spend the ARENA Funding in accordance with clause 20.1 (Suspension of Funding), the Recipient must continue to comply with any its obligations under this Agreement that are not materially affected Agreement, and unless otherwise notified by any such suspensionARENA, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

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Suspension of Funding. 20.1 24.1 Without limiting its other rights, ARENA may, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding other funds from the Commonwealth or a State, Territory or local government other than for the ARENA Funding or Contributions specified in the BudgetProject. 20.2 24.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) 24.1 unless and until ARENA notifies the Recipient otherwise. 20.3 24.3 ARENA's right to suspend payment under clause 20.1 (Suspension of Funding) clause 24.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 24.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)24, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 7 have been satisfied. 20.5 24.5 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding)clause 24.1, the Recipient must must: (a) continue to comply with any its obligations under this Agreement that are not materially affected Agreement; and (b) unless otherwise agreed by any such suspensionARENA acting reasonably, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

Suspension of Funding. 20.1 28.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may at its discretion, suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the BudgetPart 2 - Key Project Details. 20.2 28.2 Where ARENA suspends payment in accordance with clause 28.1, ARENA must notify the Recipient as soon as reasonably practicable. 28.3 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) 28.2 unless and until ARENA notifies the Recipient otherwise. 20.3 28.4 ARENA's right to suspend payment under clause 20.1 (Suspension of Funding) clause 28.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 28.5 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)28, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 15 have been satisfied. 20.5 28.6 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding)clause 28.1, the Recipient must must: (a) continue to comply with any its obligations under this Agreement that are not materially affected Agreement; and (b) continue carrying out the Project, unless otherwise agreed by any such suspensionARENA acting reasonably.

Appears in 1 contract

Samples: Funding Agreement (Vast Renewables LTD)

Suspension of Funding. 20.1 28.1 Without limiting its other rights, upon giving the Recipient at least 10 Business Days' prior notice, ARENA may at its discretion, suspend payment of the ARENA Funding in whole or in part if: (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or (b) the Recipient has received, or requested to receive, grant funding from the Commonwealth or a State, Territory or local government other than the ARENA Funding or Contributions specified in the Budgetitem 2.3 of Schedule 1 (The Project). 20.2 28.2 Where ARENA suspends payment in accordance with clause 28.1, ARENA must notify the Recipient as soon as reasonably practicable. 28.3 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) 28.2 unless and until ARENA notifies the Recipient otherwise. 20.3 28.4 ARENA's right to suspend payment under clause 20.1 (Suspension of Funding) clause 28.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. 20.4 28.5 Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding)28, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 5 (Claims for payment) 16 have been satisfied. 20.5 28.6 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 20.1 (Suspension of Funding)clause 28.1, the Recipient must must: (a) continue to comply with any its obligations under this Agreement that are not materially affected Agreement; and (b) continue carrying out the Project, unless otherwise agreed by any such suspensionARENA acting reasonably.

Appears in 1 contract

Samples: Funding Agreement

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