Use of Funds in Legal Proceedings Sample Clauses

Use of Funds in Legal Proceedings. 9.3.1. If any legal proceedings are commenced against the Organisation, the Funding Bodies must be notified immediately, through the SPM, of the other party or parties to the proceedings and the nature of the proceeding against the Organisation.
Sample 1
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Use of Funds in Legal Proceedings. If any legal proceedings are commenced against the Organisation, the Funding Bodies must be notified immediately, through the SPM, of the other party or parties to the proceedings and the nature of the proceeding against the Organisation. Subject to clause 9.3.3, the Organisation may spend funds provided under this Agreement or Service Generated Income in any legal proceedings brought against it only in respect of proceedings that directly relate to the provision of Services. The Organisation must not, without prior written approval of the SPM spend in excess of 5% or $10,000 of Annual Funds (whichever is the lesser), to defend itself against any litigation in accordance with Schedule 5. Before giving approval under clause 9.3.3 the SPM may impose any conditions it considers appropriate, including requiring the Organisation to provide periodic updates on legal proceedings. Following the conclusion of the legal proceedings, the Organisation will provide to the SPM a report noting the outcome of the proceedings and an itemised account of expenditure from funds provided under this Agreement or Service Generated Income. The requirements to provide notification, updates and reports in clauses 9.3.1, 9.3.3 and 9.3.5, shall be subject to the Organisation’s obligation to protect any client legal privilege in relation to matters the subject of the proceedings. Any expenditure under clause 9.3 must be identified in the Organisation’s audited financial statements. REPORTING REQUIREMENTS Reports The Organisation must provide the Reports to the Funding Bodies through the SPM. The Reports (except for Annual Reports) must be submitted electronically using CLSIS where CLSIS provides a facility for submitting the Reports, or otherwise in an electronic format that complies with the relevant template, by the dates specified in Schedule 2. Failure to provide Reports If the Organisation does not provide the Reports by the due dates, the relevant Funding Body may exercise its rights under clause 23.1. The Organisation may, in advance of the due date, seek an extension of time from the SPM to submit a Report. Audit Requirements The Organisation must maintain financial records that comply with the Australian Accounting Standards. At the end of each Financial Year, the Organisation must provide to the SPM: a certificate from a Registered Auditor in the format set out at Attachment A to Schedule 5 stating that the funds covered by this Agreement have been used for the purpose of pr...
Sample 1

Related to Use of Funds in Legal Proceedings

  • No Legal Proceedings No suit, action or other legal or administrative proceedings before any court or other governmental agency shall be pending or threatened seeking to enjoin the consummation of the Transactions contemplated hereby.

  • Notification of Government Investigation or Legal Proceedings Within 30 days after discovery, Xxxxx shall notify OIG, in writing, of any ongoing investigation or legal proceeding known to Xxxxx conducted or brought by a governmental entity or its agents involving an allegation that Xxxxx has committed a crime or has engaged in fraudulent activities. This notification shall include a description of the allegation, the identity of the investigating or prosecuting agency, and the status of such investigation or legal proceeding. Xxxxx shall also provide written notice to OIG within 30 days after the resolution of the matter, and shall provide OIG with a description of the findings and/or results of the proceedings, if any.

  • Notification of Government Investigation or Legal Proceeding Within 30 days after discovery, Progenity shall notify OIG, in writing, of any ongoing investigation or legal proceeding known to Progenity conducted or brought by a governmental entity or its agents involving an allegation that Progenity has committed a crime or has engaged in fraudulent activities. This notification shall include a description of the allegation, the identity of the investigating or prosecuting agency, and the status of such investigation or legal proceeding. Progenity shall also provide written notice to OIG within 30 days after the resolution of the matter, and shall provide OIG with a description of the findings and/or results of the investigation or proceeding, if any.

  • Court Action or Other Legal Processes (a) Notwithstanding any other law to the contrary, the liability of NYSERDA to make an interest payment to a Contractor pursuant to this Exhibit shall not extend beyond the date of a notice of intention to file a claim, the date of a notice of a claim, or the date commencing a legal action for the payment of such interest, whichever occurs first.

  • Other Legal Actions The actions stipulated in this Integrity Pact are without prejudice to any other legal action that may follow in accordance with the provisions of the extant law in force relating to any civil or criminal proceedings.

  • CONTROL; OWNERSHIP; LEGAL PROCEEDINGS The Applicant shall immediately notify the District and Comptroller’s office in writing of any actual or anticipated change in the control or ownership of the Applicant and of any legal or administrative investigations or proceedings initiated against the Applicant related to the project regardless of the jurisdiction from which such proceedings originate.

  • No Legal Prohibition No Governmental Authority of competent jurisdiction shall have (i) enacted, issued or promulgated any Law that is in effect as of immediately prior to the Effective Time and has the effect of making the Merger illegal or which has the effect of prohibiting or otherwise preventing the consummation of the Merger, or (ii) issued or granted any Order that is in effect as of immediately prior to the Effective Time and has the effect of making the Merger illegal or which has the effect of prohibiting or otherwise preventing the consummation of the Merger (collectively, a “Restraint”).

  • General Legal Provisions Amendments to Section 6, if any, are included in Attachment C.

  • Legal Proceedings Except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there are no legal, governmental or regulatory investigations, actions, suits or proceedings pending to which the Company or any of its subsidiaries is or may be a party or to which any property of the Company or any of its subsidiaries is or may be the subject that, individually or in the aggregate, if determined adversely to the Company or any of its subsidiaries, could reasonably be expected to have a Material Adverse Effect; no such investigations, actions, suits or proceedings are threatened or, to the knowledge of the Company, contemplated by any governmental or regulatory authority or threatened by others; and (i) there are no current or pending legal, governmental or regulatory actions, suits or proceedings that are required under the Securities Act to be described in the Registration Statement, the Pricing Disclosure Package or the Prospectus that are not so described in the Registration Statement, the Pricing Disclosure Package and the Prospectus and (ii) there are no statutes, regulations or contracts or other documents that are required under the Securities Act to be filed as exhibits to the Registration Statement or described in the Registration Statement, the Pricing Disclosure Package or the Prospectus that are not so filed as exhibits to the Registration Statement or described in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Institution of Legal Actions Any legal actions related to or arising out of this Agreement must be instituted in the District Court of Xxxxxxx County, Kansas or, if federal jurisdiction exists, in the Federal District Court in the District of Kansas.

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