Grant Agreement Draft - Minister Of Status Of Women Page 5
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163.2
Use of Proceeds - The Recipient shall use the Grant Proceeds solely for the Project.
3.3
Interest and Investment - The Recipient shall:
(a) maintain the Grant Proceeds in a separate bank account used only for funds
related to the Project or in the same bank account separate from other monies in
the books of account such that the Grant Proceeds can be accounted for; and
(b) invest any portion of the Grant Proceeds paid to the Recipient, but not
immediately required for the Project, in an interest bearing instrument, and in
such a manner that the interest rate or other rate of return is readily ascertainable.
3.4
The Project - The Recipient shall carry out the Project as described in the Proposal,
with only such modifications as may be agreed upon in writing by the Minister. The
Minister may, on request of the Recipient and in the Minster’s sole discretion, offer
minimal consultation and guidance to the Recipient for the purposes of this
Agreement.
3.5
Completion and Repayment of Grant - The Recipient shall complete the Project on
or before the Project Completion Date. Any portion of the Grant Proceeds not used
or accounted for in accordance with this Agreement is repayable by the Recipient to
the Minister. The Recipient’s requests to carry over any unused Grant Proceeds to
another project or to another fiscal year may be made to the Minister, who has the
authority to grant the request, grant the request subject to modifications that the
Minister sees fit, or deny the request.
3.6
Grant Regulation - Nothing in this Agreement in any way relieves the Recipient
from strict compliance with the Grant Regulation or otherwise impacts the
interpretation or application of the Grant Regulation.
3.7
Intellectual Property - The Recipient acknowledges the importance to the Minister
that any Intellectual Property that may be generated through the Project be used to the
benefit of Alberta and Albertans. Ownership of any Intellectual Property developed
through the Project will follow the practices of the Recipient and agreements to which
the Recipient is a party.
3.8
Liability for the Grant - The Recipient acknowledges that it will be liable for the
full amount of the Grant Proceeds and will be bound to the terms of this Agreement,
notwithstanding the Recipient’s payment of any or all of the Grant Proceeds to a third
party and the subsequent use of any Grant Proceeds by that third party.
Page 5 of 16
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