Common use of Suspension of Funding Clause in Contracts

Suspension of Funding. Without limiting its other rights, ARENA may, upon giving the Recipient at least 10 Business Days' prior notice, suspend payment of the ARENA Funding in whole or in part if: there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or the Recipient has received, or requested to receive, other funds from the Commonwealth for the Project. The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 24.1 unless and until ARENA notifies the Recipient otherwise. XXXXX's right to suspend payment under clause 24.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. Regardless of whether ARENA exercises its right to suspend payment under this clause 24, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 7 have been satisfied. Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 24.1, the Recipient must: continue to comply with its obligations under this Agreement; and unless otherwise agreed by ARENA acting reasonably, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

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Suspension of Funding. 24.1 Without limiting its other rights, ARENA may, upon giving the Recipient at least 10 Business Days' prior notice, 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 or (b) the Recipient has received, or requested to receive, other funds grant funding from the Commonwealth for or a State, Territory or local government other than the ARENA Funding or Contributions specified in item 2.3 of Schedule 1 (The Project. ). 24.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 24.1 unless and until ARENA notifies the Recipient otherwise. XXXXX. 24.3 ARENA's right to suspend payment under clause 24.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. . 24.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 24, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 7 have been satisfied. . 24.5 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 24.1, the Recipient must: : (a) continue to comply with its obligations under this Agreement; and and (b) continue carrying out the Project, unless otherwise agreed by ARENA acting reasonably, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

Suspension of Funding. 24.1 Without limiting its other rights, ARENA may, upon giving the Recipient at least 10 Business Days' prior notice, 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 or (b) the Recipient has received, or requested to receive, other funds from the Commonwealth for the Project. . 24.2 The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 24.1 unless and until ARENA notifies the Recipient otherwise. XXXXX. 24.3 ARENA's right to suspend payment under clause 24.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. . 24.4 Regardless of whether ARENA exercises its right to suspend payment under this clause 24, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 7 have been satisfied. . 24.5 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 24.1Funding, the Recipient must: must continue to comply with its obligations under this Agreement; , and unless otherwise agreed notified by ARENA acting reasonablyARENA, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

Suspension of Funding. β€Œ 20.1 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: if:β€Œ (a) there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or or (b) the Recipient has received, or requested to receive, other funds grant funding from the Commonwealth for or a State, Territory or local government other than the Project. 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 24.1 20.1 unless and until ARENA notifies the Recipient otherwise. XXXXX. 20.3 ARENA's right to suspend payment under clause 24.1 20.1 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 2420, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 7 5 have been satisfied. . 20.5 Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 24.120.1, the Recipient must: must continue to comply with its any obligations under this Agreement; and unless otherwise agreed Agreement that are not materially affected by ARENA acting reasonably, continue carrying out the Projectany such suspension.

Appears in 1 contract

Samples: Funding Agreement

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Suspension of Funding. Without limiting its other rights, ARENA may, upon giving the Recipient at least 10 Business Days' prior notice, suspend payment of the ARENA Funding in whole or in part if: there is a Material Breach that has continued for a period of 10 Business Days, and is continuing; or the Recipient has received, or requested to receive, other funds grant funding from the Commonwealth for or a State, Territory or local government other than the ARENA Funding or Contributions specified in item 2.3 of Schedule 1 (The Project). The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 24.1 unless and until ARENA notifies the Recipient otherwise. XXXXX's right to suspend payment under clause 24.1 will cease upon ARENA determining, acting reasonably, that the cause of the suspension has been remedied. Regardless of whether ARENA exercises its right to suspend payment under this clause 24, the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 7 have been satisfied. Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 24.1, the Recipient must: continue to comply with its obligations under this Agreement; and continue carrying out the Project, unless otherwise agreed by ARENA acting reasonably, continue carrying out the Project.

Appears in 1 contract

Samples: Funding Agreement

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