Financial Irregularity definition

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

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Financial Irregularity includes fraud or other impropriety, mismanagement, and the use of the Grant for purposes other than those intended by MOPAC;

Financial Irregularity means any fraud or other impropriety, mismanagement or misuse of the Grant Funding.

Examples of Financial Irregularity in a sentence

• Where Financial Irregularity is alleged, the Authority reserves the ability to suspend or terminate funding with immediate effect, in preference to the standard notice period and irrespective of any contractual requirements, and to seek civil or criminal sanctions where appropriate.

• The Grant Recipient will take timely and appropriate action to investigate credible allegations of Financial Irregularity or Aid Diversion, immediately inform the Authority of the steps being taken to investigate the suspicion, and keep the Authority informed about the progress of the investigation.

• Where termination is due to any Financial Irregularity or fraudulent or illegal activity by Awardee, Awardee shall repay to CEPI the amount of funds related to such Financial Irregularity or fraudulent or illegal activity within twenty (20) Business Days of the notice of termination.

• Notwithstanding Clauses 19.6 and 19.7, where termination is due to any Financial Irregularity, the relevant Partner shall repay to CEPI the amount of funds related to such Financial Irregularity activity within [***] of the notice of termination and CEPI shall not be required to make any payments to such Partner pursuant to Clauses 19.6 and 19.7 unless and until such repayment has occurred in full.

• If the Recipient has any grounds for suspecting any failure to comply with the Bribery Legislation, or any Financial Irregularity in the use of any Grant paid under this Grant Agreement, it must: notify the Authority immediately; explain what steps are being taken to investigate the suspicion; and keep the Authority informed on the progress of the investigation.

More Definitions of Financial Irregularity

Financial Irregularity includes fraud or other impropriety, mismanagement, and the use of the Grant for purposes other than those intended by ▇▇▇▇▇;

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.

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.

Financial Irregularity has the meaning described in Clause 19.4.6.

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;

Financial Irregularity has the meaning given in Clause 9.2. Grant Monies / ▇▇▇▇▇: the sum or sums to be paid to the Recipient in accordance with this Agreement.

Financial Irregularity has the meaning given in Clause 11.2. Financial Year: the financial period running from 1 April to 31 March in the following year. FOIA: the Freedom of Information Act 2000 and any subordinate legislation made under that Act from time to time, together with any guidance or codes of practice issued by the relevant Government department concerning the legislation.