Financial Irregularity definition

Financial Irregularity includes fraud or other impropriety, mismanagement, and the use of the Grant for purposes other than those intended by MOPAC;
Sample 1Sample 2Sample 3
Financial Irregularity includes (but is not limited to) potential fraud or other impropriety, mismanagement, and the use of grant for any purpose other than those stipulated in this Agreement
Sample 1Sample 2Sample 3
Financial Irregularity includes (but is not limited to) potential fraud or other impropriety, mismanagement, and the use of the Grant for any purpose other than those stipulated in the Grant Funding Agreement. The Grant Recipient may be required to provide statements and evidence to the TSA or the appropriate organisation, such as the Police, as part of pursuing sanctions, criminal or civil proceedings.
Sample 1Sample 2Sample 3

Examples of Financial Irregularity in a sentence

  • The Recipient must have sound administration and audit processes, including internal financial controls, to safeguard against fraud, theft, corruption, money laundering, terrorist financing or any other impropriety or mismanagement in connection with the administration of the Grant (Financial Irregularity).

  • The Recipient must notify the Funder of all cases of Financial Irregularity (whether proven or suspected) relating to the Project or in the use of the Grant as soon as they are identified.

  • If the Funder suspects any Financial Irregularity in relation to the Project, the Funder may do one or more of the following: suspend future payments of the Grant; insist that the Recipient addresses the Financial Irregularity; and require the Recipient to provide any assistance required by the Funder to recover misused Grant funds.


More Definitions of Financial Irregularity

Financial Irregularity means any fraudulent use of the Grant, any misuse of the Grant or any other fraud or financial impropriety in connection with the Grant.
Sample 1Sample 2
Financial Irregularity means an intentional misstatement or omission of information relating to a financial transaction or matter. The term includes embezzlement, fraud, and the falsification of records to misappropriate assets.
Sample 1Sample 2
Financial Irregularity includes, regardless of the amount, any fraud or other impropriety, mismanagement, whether deliberate or unintended, and the use of the Grant for purposes other than the Project;
Sample 1
Financial Irregularity any fraud or other impropriety, mismanagement or misuse of the Funding.
Sample 1
Financial Irregularity has the meaning described in Clause 19.4.6.
Sample 1
Financial Irregularity means any fraud or other impropriety, mismanagement or misuse of the Grant Funding.
Sample 1
Financial Irregularity has the meaning given in 129.2. Financial Year: the period running from [1 April to 31 March in the following year OR [OTHER PERIOD]]. Xxxxx: the sum or sums to be paid to the Recipient in accordance with this agreement. [Grant Claim: the payment request form submitted by the Recipient to the Funder for payment of the Grant. The form will be in the format and contain the information specified by the Funder from time to time.]
Sample 1