Common use of Use of Grant Clause in Contracts

Use of Grant. 4.1 The Grant shall be used by the Recipient exclusively for the delivery of the Project in accordance with the agreed budget set out in in the Grant Offer Letter. 4.2 Where the Recipient has obtained funding from a third party in relation to its delivery of the Project (including without limitation funding for associated administration and staffing costs), the amount of such funding shall be included in the budget together with a clear description of what that funding shall be used for. 4.3 The Recipient shall not use the Grant to: (a) make any payment to members of its Governing Body; (b) purchase buildings or land; or (c) pay for any expenditure commitments of the Recipient entered into before the Award Date, unless this has been approved in writing by the Catapult. 4.4 The Recipient shall not spend any part of the Grant on the delivery of the Project after the Grant Period. 4.5 Should any part of the Grant remain unspent at the end of the Grant Period, the Recipient shall ensure that any unspent monies are returned to the Catapult or, if agreed in writing by the Catapult, shall be entitled to retain the unspent monies to use for such purposes as are agreed between the parties. 4.6 Any liabilities arising at the end of the Project including any redundancy liabilities for staff employed by the Recipient to deliver the Project must be managed and paid for by the Recipient. There will be no additional funding available from the Catapult for this purpose.

Appears in 6 contracts

Samples: Grant Agreement, Transport Research Innovation Grants Agreement, Grant Agreement

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Use of Grant. 4.1 The Grant shall be used by the Recipient exclusively for the delivery of the Project in accordance with and the agreed budget set out in in Recipient shall keep a separate detailed ledger of the Grant Offer Lettercosts it incurs against the Grant. 4.2 Where the Recipient has obtained funding from a third party in relation to its delivery of the Project (including without limitation funding for associated administration and staffing costs), the amount of such funding shall be included in the budget together with a clear description of what that funding shall be used for. 4.3 The Recipient shall not use the Grant to: (a) make any payment to members of its Governing Body; (b) purchase buildings or land; or (c) pay for any expenditure commitments of the Recipient entered into before the Award Date, unless this has been approved in writing by the Catapult. 4.4 The Recipient shall not spend any part of the Grant on the delivery of the Project after the Grant Period. 4.5 Should any part of the Grant remain unspent at the end of the Grant Period, the Recipient shall ensure that any unspent monies are returned to the Catapult or, if agreed in writing by the Catapult, shall be entitled to retain the unspent monies to use for such purposes as are agreed between the parties. 4.6 Any liabilities arising at the end of the Project including any redundancy liabilities for staff employed by the Recipient to deliver the Project must be managed and paid for by the Recipient. There will be no additional funding available from the Catapult for this purpose.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

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Use of Grant. 4.1 5.1 The Grant shall be used by the Recipient exclusively for the delivery of the Project in accordance with the agreed budget set out in in the Grant Offer LetterSchedule 1. 4.2 5.2 Where the Recipient has obtained funding from a third party in relation to its delivery of the Project (including without limitation funding for associated administration and staffing costs), the Recipient shall notify the Funder of the amount of such funding shall be included in the budget together with a clear description of what that the funding shall be used for. 4.3 5.3 The Recipient shall not use the Grant to: (a) make any payment to members of its Governing Body; (b) purchase buildings or land; or (c) pay for any expenditure commitments of the Recipient entered into before the Award Commencement Date, unless this has been approved in writing by the CatapultFunder’s Director of Public Health. 4.4 5.4 The Recipient shall not spend any part of the Grant on the delivery of the Project after the Grant Period. 4.5 5.5 Should any part of the Grant remain unspent at the end of the Grant Period, the Recipient shall ensure that any unspent monies are returned to the Catapult Funder or, if agreed in writing by the CatapultFunder, shall be entitled to retain the unspent monies to use for such charitable purposes as are agreed between the parties. 4.6 5.6 Any liabilities arising at the end of the Project including any redundancy liabilities for staff employed by the Recipient to deliver the Project must be managed and paid for by the Recipient using the Grant or other resources of the Recipient. There will be no additional funding available from the Catapult Funder for this purpose.

Appears in 1 contract

Samples: Grant Agreement

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