CLC definition
Examples of CLC in a sentence
The Recipient is aware of the terms and conditions of the CLC Agreement and shall ensure that it shall comply with all terms of the CLC Agreement and assist the Lead Authority in meeting its obligations under the CLC Agreement and shall not act in a manner that may lead to any breach or failure to comply with the terms of the CLC Agreement by the Lead Authority.
The Lead Authority received grant funding of the sum of £7.7 million from the City of London Corporation from the Strategic Investment Pot Round 1 (SIP-1) to unlock investment in digital infrastructure under a grant funding agreement dated 4 March 2019 (the CLC Agreement).
The Lead Authority may acting reasonably terminate this Agreement and any Grant payments upon giving the Recipient two months’ written notice, should it be required to do so where the funding becomes unavailable from CLC or for any other reason (including but not limited to the Lead Authority’s inability to fulfil that role moving forward or a Government decision to abandon its support for the London Pilot Scheme).
The Lead Authority and CLC shall have the right to review, at reasonable request, the Recipient’s accounts and records that relate to the expenditure of the Grant and shall have the right to take copies of such accounts and records.
Where, in its reasonable opinion, the Lead Authority or CLC considers that additional visits are necessary to monitor the Project, it shall be entitled to authorise any person to make such visits on its behalf.