Common use of Your use of the Funding Clause in Contracts

Your use of the Funding. (a) You must use the Funding only: (i) in accordance with the Funding Details and for the provision of the Services as specified in the Service Agreement; (ii) in accordance with the requirements of the Governing Act under which the Funding is provided; and (iii) within the time period stipulated in the Service Agreement for expenditure of the Funding. (b) You must not use the Funding, without Our prior written approval, to: (i) provide security for any purpose; (ii) make a loan or gift for any purpose; (iii) pay sitting fees to directors, management committee members, members of Your organisation or any other person; (iv) make payments that are inconsistent with the Services; or (v) relieve cash flow problems in the delivery of Your other services or carry out activities funded from other sources. (c) If You use the Funding for a purpose not approved by Us, We may serve You with a notice for repayment of the Funding that has been spent, used or applied without Our approval. This amount will be a debt due and owing to Us. (d) If You use the Funding to provide cash cheques or cash advances then You must keep a record of the date, amount, recipient and purpose of any cash cheque that You issue or cash advance that You make. (e) You must hold all Funding paid to You by Us, under the Service Agreement, in an account at an Approved Financial Institution. (f) Where You receive Funding to employ staff and are bound by a registered industrial instrument requiring the payment of termination or redundancy payments in appropriate circumstances, the Funding may only be used for termination or redundancy payments if: (i) the cessation of Funding is due to circumstances stated in clause 15.2; or (ii) You have obtained Our prior written approval. (g) The Funding provided to You by Us may be used to obtain and maintain permits, registrations and licenses required to be taken out in connection with Your performance of the Services under the Service Agreement.