Centre Funds definition

Centre Funds means moneys set out in Part 4 - Project Budget which are paid or to be paid by the Centre to the Recipient under the terms and conditions contained in this Agreement.
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Centre Funds means the money comprised in the Centre Account including the cash Contributions (including the Commonwealth Funding), cash contributions to the Centre received from third parties and interest on the Centre Account, but not including any proceeds derived from the Commercialisation of Intellectual Property. Centre IP means
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Examples of Centre Funds in a sentence

  • The Recipient shall not use Centre Funds for the direct payment of any customs, import, or other duties or taxes levied with respect to importation of goods, vehicles or equipment into any country or jurisdiction.

  • All documents that any Target Company or any Affiliate thereof is responsible for filing with any Regulatory Authority in connection with the transactions contemplated hereby will comply as to form in all Material respects with the provisions of applicable Law.

  • It does however allow the recovery of reasonable indirect costs incurred in the conduct of the Work and in the administration of the Centre Funds.

  • The Recipient shall ensure that any equipment or vehicle provided through this Agreement or purchased with Centre Funds is used with the required safety precautions so that risks to the physical safety of individuals are minimized.

  • Per diems paid with Centre Funds to team members and other Project participants while on travel shall not exceed the schedule of maximum per diems in force at the Centre.

  • The Centre will retain a certain percentage of the available Centre Funds until the receipt of the final technical report and final financial report described respectively in Part 3 - Schedule of Project Milestones and in Section A16.

  • Under no circumstances will the Centre assume responsibility in the event of loss or damage to any goods, vehicles or equipment purchased with Centre Funds.

  • Any air tickets purchased by the Recipient with Centre Funds, directly or indirectly, must be in excursion class or at lower fares.

  • The Recipient shall ensure that any vehicle purchased with Centre Funds shall be used exclusively for carrying out the objectives of the Project and only made available to personnel working on the Project for their official use.

  • The Recipient undertakes the Project on its own behalf and not on behalf of the Centre, and this Agreement and the Centre Funds flowing there from shall in no way be construed as creating the relationship of principal and agent, of partnership in law; or of joint venture as between the Centre and the Recipient or any other person involved in the Project.