Grant Agreement Draft - Minister Of Status Of Women Page 3
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16Timing of Grant – Subject to compliance by the Recipient with all terms and
2.2
conditions of this Agreement, the Minister will pay the Grant to the Recipient in the
amounts, on the conditions set out in section 2.4, and at the times specified in
Schedule “B” to this Agreement.
Project Commencement – If the Recipient decides that special circumstances are
2.3
such that the Project must be started prior to the Recipient’s receipt of or binding
commitment of all Third Party Funding, then the Recipient must obtain the Minister’s
prior written permission to begin the Project. If the Recipient, without the written
permission from the Minister, starts the Project prior to securing all Third Party
Funding, the Recipient must cover any shortfalls in funding, in order to complete the
Project as set out in Schedule “A” by the Project Completion Date.
2.4
**This clause is only applicable if payment of the grant will be by installments.
Delete if one time payment.** Payment Conditions -The obligation of the Minister
to pay installments subsequent to the first installment of the Grant is conditional on
the Minister, acting reasonably, being and remaining satisfied that:
(a) the Recipient has received legally binding Third Party Funding commitments or
funds for the Project as follows:
(i) [insert name of party and amount] or [if not applicable, then delete “as
follows:” and this subsection (i). All that will remain is “(a) the Recipient has
received legally binding Third Party Funding commitments or funds for the
Project.”]
(b) the Recipient is in compliance with all of its obligations under this Agreement;
(c) the Project is proceeding, continues to conform to the Proposal, work plan and
milestones in Schedule “A”, and will be completed by the Project Completion
Date;
(d) Third Party Funding commitments or funds sufficient to carry out and complete
the Project remains in place; and
(e) Overhead and related administrative costs do not exceed 15% of the total budget
for the Project.
Minister’s Discretion –
2.5
**Also applicable to installment payments only**
Notwithstanding section 2.4, in the event that one or more of the payment conditions
have not been met, the Minister may, in the Minister’s sole discretion, pay one or
more installments to the Recipient, if the Minister deems that special circumstances
or considerations exist. Such payments may be subject to any additional terms or
conditions the Minister sees fit and provides to the Recipient in writing.
Page 3 of 16
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal