Common use of Transitional Funding Clause in Contracts

Transitional Funding. Should a Housing Provider be eligible for Transitional Funding, Schedule “F” of this Agreement shall be applicable, and the requirements of Schedule “F” shall apply to the provision by CMHC of such Transitional Funding. Should the transitional funding paid in any fiscal year exceed the actual funding required as established by CMHC, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d).

Appears in 2 contracts

Samples: Federal Community Housing Initiative Phase Ii Agreement, Federal Community Housing Initiative Phase Ii Agreement

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Transitional Funding. Should a Housing Provider be eligible for Transitional Funding, Schedule “F” of this Agreement shall be applicable, and the requirements of Schedule “F” shall apply to the provision by CMHC of such Transitional Funding. Should In the transitional funding paid event of any miscalculation creating a surplus in any fiscal year exceed the actual funding required as established by CMHCTransitional Funding, the Housing Provider shall promptly agrees to refund all excess such surplus amounts to CMHC through the reconciliation activity outlined in accordance with Section 9(d5(f).

Appears in 2 contracts

Samples: Federal Community Housing Initiative Phase Ii Agreement, Federal Community Housing Initiative Phase Ii Agreement

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Transitional Funding. Void Agreement Should a Housing Provider be eligible for Transitional Funding, Schedule “F” of this Agreement shall be applicable, and the requirements of Schedule “F” shall apply to the provision by CMHC of such Transitional Funding. Should the transitional funding paid in any fiscal year exceed the actual funding required as established by CMHC, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d).

Appears in 1 contract

Samples: Federal Community Housing Initiative Phase Ii Agreement

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