Common use of Reporting Obligations During the Project Clause in Contracts

Reporting Obligations During the Project. Upon the completion of a particular Milestone, as set out above, the Applicant and Industry Partner agree to provide to Alberta Innovates, within fourteen (14) days of completing such Milestone, a Progress Report in the required form. For the final Milestone of the Project, the Applicant and Industry Partner will deliver to Alberta Innovates the Final Report in the standard form within thirty (30) days of the Project Completion Date. For clarity, the failure to provide the required Report for any given Milestone shall be cause for Alberta Innovates to withhold payment of that portion of the Investment associated with that Milestone.