Common use of REDUCTION OF GRANT Clause in Contracts

REDUCTION OF GRANT. 7.1 Any payment made under the Agreement is subject to the appropriation of funds by the Parliament of Canada for the fiscal year in which the payment is to be made. 7.2 Funding under the Agreement may, at any time, upon not less than ninety (90) days written notice, be reduced or terminated at the Department’s discretion if a parliamentary, governmental, departmental or program spending decision is made for any fiscal year in which payment is to be made under the Agreement, or if the mandate and responsibilities of the Program change.

Appears in 2 contracts

Sources: Grant Agreement, Grant Agreement