PURPOSE AND DURATION OF THE GRANT Sample Clauses

PURPOSE AND DURATION OF THE GRANT. 2.1 The Grant covers the following Funded Activities: capital expenditure relating to tree planting (or supported Natural Colonisation) and related aftercare (Maintenance Payments) and any discretionary EPREC payments to supply and plant trees to replace those lost due to failed planting in specified circumstances. The Parties agree that the Grant will be used for the purpose of delivering of the Funded Activities. 2.2 The Grant Funding Period starts upon FC receipt of the signed MoU (the Commencement Date) and ends after the final maintenance claim payment, unless terminated earlier in accordance with this MoU. 2.3 This MoU is not intended to be legally binding, and no legal obligations or legal rights shall arise between the Parties from the provisions of the MoU. The Parties enter this Agreement intending to honour all their obligations and responsibilities within the MoU. The process that will be followed by the Parties should any party not fulfil these obligations is set out below in Paragraph 12.
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PURPOSE AND DURATION OF THE GRANT. 2.1 The Grant covers capital expenditure relating to tree planting (or supported natural colonisation) and related aftercare (Maintenance Payments) in response to recovery for trees outside woodlands. The Parties agree that the Grant will be used for the purpose of delivering of the Funded Activities. 2.2 The Funding Period starts on the Commencement Date of this MoU and ends at the end of the financial year in which the last payment outlined in the LATF Offer Letter (Annex 1) is scheduled, unless terminated earlier in accordance with this MoU . 2.3 This MoU is not intended to be legally binding, and no legal obligations or legal rights shall arise between the Parties from the provisions of the MoU. The Parties enter this MoU intending to honour all their obligations and responsibilities within the MoU. The process that will be followed by the Parties should any party not fulfil these obligations is set out below in Paragraph 12.
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PURPOSE AND DURATION OF THE GRANT. 3.1. The Parties acknowledge and agree that nothing in this Agreement or the provision of Grant monies gives or is intended to give rise to contractual relations. 3.2. The Grant Recipient shall use the Grant solely for the delivery of the Funded Activities set out in Annex 2 of this Agreement (The Funded Activities) and must not, without the prior written consent of the Authority, make any material changes to the Funded Activities. 3.3. The Authority may at its entire discretion vary the Grant amount as a result of changes to the Funded Activities or for any other reason. Any variation made under this Clause 3.3 will not take effect unless agreed and notified by the Authority to the Grant Recipient in writing. 3.4. Where the Grant Recipient intends to apply to a third party for additional funding for the Funded Activities, the Grant Recipient will notify the Authority’s Delivery Partner in advance of its intention to do so and, where such match funding is permitted and obtained, it will provide the Authority’s Delivery Partner with information regarding the match funding and purpose of that funding. 3.5. Where, before or during the Funding Period, the Grant Recipient receives any funding from any other source or person towards the Funded Activities that is not match funding or was not already committed to the Grant Recipient and disclosed to the Authority, the Authority may, where that funding duplicates the funding of the Grant, require repayment of the Grant (up to the amount of duplicate funding received) in accordance with Clause 11 of this Agreement. 3.6. The Grant Recipient agrees and accepts that it will not apply for duplicate funding (in respect of any part of the Funded Activities or any related administration costs that the Authority has provided under this Agreement) and that it may be prosecuted for fraud should it dishonestly and intentionally make such an application to the Authority. 3.7. Except where otherwise specified, the terms of this Agreement shall apply from the Commencement Date until the end of the Funding Period or for as long as any Grant remains unspent by the Grant Recipient, whichever is longer.
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PURPOSE AND DURATION OF THE GRANT. 3.1. The Parties acknowledge and agree that nothing in this Agreement or the provision of Grant monies gives or is intended to give rise to contractual relations. 3.2. The Grant Recipient shall use the Grant solely for the delivery of the Funded Activities set out in Annex 2 of this Agreement (The Funded Activities) and must not, without the prior written consent of the Authority, make any material changes to the Funded Activities. 3.3. The Authority may at its entire discretion vary the Grant amount as a result of changes to the Funded Activities or for any other reason. Any variation made under this Clause 3.3 will not take effect unless agreed and notified by the Authority to the Grant Recipient in writing.
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PURPOSE AND DURATION OF THE GRANT. 2.1 The Grant covers capital expenditure relating to tree planting (or supported natural colonisation) and related aftercare in response to recovery for trees outside woodlands. 2.2 The Funding Period starts on 10 August 2021 and ends 31 March 2022, with maintenance payments ending on 31 March 2025 unless the agreement is terminated earlier in accordance with this MoU. The Parties agree that the Grant will be used for the purpose of delivering of the Funded Activities. 2.3 This MoU is not intended to be legally binding and no legal obligations or legal rights shall arise between the Parties from the provisions of the MoU. The Parties enter into the MoU intending to honour all their obligations and responsibilities in the MoU. The process that will be followed should a party not fulfil these is set out below.
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Related to PURPOSE AND DURATION OF THE GRANT

  • TERM AND DURATION 4.1 The Company shall commence upon the filing of the Certificate of Formation, and shall continue in full force and effect until May 1, 2024, provided, however, that the Company shall be dissolved prior to such date upon the happening of any of the following events: (a) The mutual written consent of the Members to dissolve the Company. (b) The sale or other divestiture of all or substantially all of the assets of the Company and the distribution of the proceeds thereof to the Members, including real estate or interests held or owned by the Company (other than a transfer to a nominee of the Company for any Company purpose, which event shall not be construed as an event of termination); provided, however, that (i) if the Company receives a purchase money mortgage or other collateral security in connection with such sale, the Company shall continue (A) until such mortgage or security interest is paid in full or otherwise disposed of, or (B) in the event of foreclosure of such mortgage, or security interest provided the Company retains title therein; and (ii) the Company shall continue if the assets of the Company are exchanged under Section 1031 of the Code. (c) Upon the death, retirement, expulsion, bankruptcy or dissolution of a Member or occurrence of any other event that terminates the continued membership of a Member in the Company (a "Dissolution Event") unless the business of the Company is continued by the unanimous consent of the remaining Members within ninety (90) days following the Dissolution Event. (d) The entry of a decree of judicial dissolution under Section 49 of the Act. (e) The happening of any other prior event which pursuant to the terms and provisions of this Operating Agreement shall cause a dissolution or termination of the Company. 4.2 Upon any dissolution of the Company, the distribution of the Company's assets and the winding up of its affairs shall be concluded in accordance with Article 19 of this Operating Agreement.

  • COMMENCEMENT AND DURATION 3.1 This Agreement will commence on the 1 July 2019 and will remain in force until 30 June 2020, after which a new Performance Agreement and Performance Plan shall be concluded between the parties for the next financial year or any portion thereof. 3.2 The parties will review the provisions of this Agreement during June each year. The parties will conclude a new Performance Agreement and Performance Plan that replaces this Agreement at least once a year by not later than the beginning of each successive financial year. 3.3 This Agreement will terminate on the termination of the Employee’s contract of employment for any reason. 3.4 The content of this Agreement may be revised at any time during the above-mentioned period to determine the applicability of the matters agreed upon. 3.5 If at any time during the validity of this Agreement the work environment alters (whether as a result of government or council decisions or otherwise) to the extent that the contents of this Agreement are no longer appropriate, the contents shall immediately be revised.

  • ENTRY INTO FORCE AND DURATION OF MOBILITY 2.1 The agreement shall enter into force on the date when the last of the two parties signs.

  • Entry into force and duration 1. This Agreement shall enter into force one month after the date of exchange of the instruments of ratification by the Contracting Parties. The Agreement shall remain in force for a period of ten years. Unless notice of termination is given by either Contracting Party at least six months before the expiry of its period of validity, this Agreement shall be tacitly extended each time for a further period of ten years, it being understood that each Contracting Party reserves the right to terminate the Agreement by notification given at least six months before the date of expiry of the current period of validity. 2. Investments made prior to the date of termination of this Agreement shall be covered by this Agreement for a period of ten years from the date of termination.

  • EFFECTIVENESS AND DURATION (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD.