Common use of REQUESTS FOR PAYMENT Clause in Contracts

REQUESTS FOR PAYMENT. All payments to the Recipient, except the final payment, shall be considered advances until the Project Milestones, as set forth in Part 3 - Schedule of Project Milestones, are satisfactorily achieved and a financial report of actual expenses incurred against the payment is accepted by the Centre. The submission of a financial report (including the financial forecast) will serve as a request.