Common use of PURPOSE AND DURATION OF THE GRANT Clause in Contracts

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.