ARENA Funding definition

ARENA Funding means the amount specified in item 2.1 of Schedule 1 (The Project) and any interest earned by the Recipient on that amount as reduced in accordance with this Agreement;

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ARENA Funding means the amount specified in item 2.1 (ARENA Funding) of Schedule 1 (The Study);

ARENA Funding means the amount specified in item 2.1 of Schedule 1 (and any interest earned by the Recipient on that amount), as reduced in accordance with this Agreement; Auditor-General means the Auditor-General of the Commonwealth, as appointed under the Auditor-General ▇▇▇ ▇▇▇▇ (Cth); Authorisation means any authorisation, approval, licence, permit, consent, determination, certificate, notice, requirement or permission from any Authority which must be obtained or satisfied (as the case may be) to undertake the Project; Authority means any Commonwealth, State, Territory, local or foreign government or semi-governmental authority, court, administrative or other judicial body or tribunal, department, commission, public authority, agency, minister, statutory corporation or instrumentality or any other person having jurisdiction in connection with work required for the Project; Budget means the total budget (if any) for the Project set out in item Error: Reference source not found of Schedule 1, as varied from time to time in accordance with this Agreement; Business Day means a day that is not a Saturday, Sunday, public holiday or bank holiday in the place where the act is to be performed or where the notice is received; Change in Control means in relation to an entity, a change in the direct or indirect power or capacity of a person to: determine the outcome of decisions about the financial and operating policies of the entity; or control the membership of the board of directors of the entity, whether or not the power has statutory, legal or equitable force or is based on statutory, legal or equitable rights and whether or not it arises by means of trusts, agreements, arrangements, understandings, practices, the ownership of any interest in shares or stock of the entity or otherwise, but not including a change in control resulting from ordinary course trading on a stock exchange in the shares of the entity; Claim means a distress, attachment or other execution levied or enforced upon or against the assets of a person, and in the case of legal proceedings or other order or process requiring payment (other than a statutory demand or a bankruptcy notice) which is not withdrawn or dismissed within 10 Business Days; Commencement Date means the date on which this Agreement is signed by ARENA; Commonwealth means the Commonwealth of Australia;

Examples of ARENA Funding in a sentence

• Despite any suspension to payment or direction not to spend ARENA Funding in accordance with clause 27.1 (Suspension of Funding), the Recipient must continue to comply with any obligations under this Agreement.

• Contributions With the exception of the ARENA Funding, the Recipient is responsible for providing or securing all Contributions, funds and resources, Study bearing all costs necessary, to complete the Study, including on account of cost overruns.

• If the Study is being delivered at multiple locations, each location should be listed.] Budget [insert total Budget for the Study, including ARENA Funding, Recipient Contributions and Other Contributions.] (excl.

• Regardless of whether ARENA exercises its right to suspend payment under this clause 20 (Suspension of Funding), the Recipient will not be entitled to payment of ARENA Funding unless the conditions to payment in clause 9 (Claims for payment) have been satisfied.

• Use of ARENA Funding [Drafting note: Applicants should read the ‘Eligible Expenditure’ section of the Applicable Guidelines.] The Recipient must use the ARENA Funding only: for the Study; for Eligible Expenditure in accordance with the requirements of the Applicable Guidelines; subject to clause 14 (Changes to the Budget), as provided in the Budget; and in accordance with the terms and conditions set out in this Agreement.

• The Recipient must not spend any ARENA Funding after it receives notice from ARENA under clause 20.1 (Suspension of Funding) unless and until ARENA notifies the Recipient otherwise.

• In accordance with the Applicable Guidelines, the Recipient must not spend more than 10% of the ARENA Funding on Overseas Expenditure, other than for equipment or materials (which includes items such as software).

• Study completion [insert Milestone Completion Date] [Drafting note: For Feasibility Studies – 12 months from the Commencement Date; for Engineering Studies – 24 months from the Commencement Date.] [insert amount] [Drafting note: Balance of the ARENA Funding.] D2.1 Provision of a Final Report, in accordance with item 3 (Reports) of Schedule 1 (The Study).

• The Recipient must: maintain a separate ledger for the purpose of accounting for, and administering, any ARENA Funding paid to the Recipient for this Study; and identify the receipt and expenditure of the ARENA Funding separately within the Recipient's accounting records to ensure that, at all times, the ARENA Funding is identifiable and ascertainable.

• The ARENA Funding will be provided as Milestone payments as specified in item 1.5 (Milestones) of Schedule 1 (The Study), in accordance with clause 9 (Claims for payment).

More Definitions of ARENA Funding

ARENA Funding means the funding from ARENA applied for by the Owner [Drafting note: the Owner should provide further details about the funding in terms of the program that it was applied under, relevant dates and amounts that will constitute a Condition Subsequent]

ARENA Funding means the amount specified in item 2.1 of Schedule 1 (The Project) and any interest earned by the Recipient on that amount as reduced in accordance with this Agreement; ARP Guidelines means the Guidelines issued by ARENA, as amended from time to time, for the Advancing Renewable Program pursuant to section 24 of the ARENA Act;