Common use of Use of SIEF Funds for Research only Clause in Contracts

Use of SIEF Funds for Research only. To avoid doubt, the Grant Recipient may only apply the SIEF Funds to expenses that are for the purposes of Research. Any other expenses will not be treated as Approved Expenses, even if they are listed in any budget or other document submitted or approved under this Agreement. If the Trustee reasonably considers that an expense is not for the purposes of Research, the Trustee may without limitation direct the Grant Recipient not to apply the SIEF Funds to that expense or exercise any of the Trustee’s rights under clause 2 (including to require repayment of the expense amount by the relevant Grant Recipient).