Treasury may Sample Clauses
The "Treasury may" clause grants discretionary authority to the Treasury department or official to take certain actions as specified in the agreement. In practice, this means the Treasury can, for example, approve transactions, make payments, or implement financial controls, depending on the context of the contract. This clause is essential for providing flexibility and enabling the Treasury to respond to changing circumstances or exercise oversight, thereby ensuring effective financial management and risk mitigation within the organization.
Treasury may. (i) reduce the amounts payable to Eligible Entity under Section 3; and/or (ii) obtain repayment of prior payments made to Eligible Entity under Section 3 to the extent that such funds have not been expended or irrevocably committed by Eligible Entity.