Common use of Retention of Contribution Clause in Contracts

Retention of Contribution. Canada will retain a maximum of five percent (5%) of its contribution funding under this Agreement. The amount retained by Canada will be released by Canada when: a) Ontario fulfils all of its obligations under this Agreement; b) Ontario submits an attestation from a delegated official and in a format acceptable to Canada, that all Projects have been Substantially Completed and contribution funding under this Agreement has been spent on Eligible Expenditures; and c) the Parties jointly carry out a final reconciliation of all claims and payments in respect of this Agreement and make any required adjustments.

Retention of Contribution. Canada will retain a maximum of five percent (5%) of its contribution funding under this Agreement. The amount retained by Canada will be released by Canada when: a) Ontario British Columbia fulfils all of its obligations under this Agreement; b) Ontario British Columbia submits an attestation attestation, from a delegated official and in a format acceptable to Canadaboth Parties’, that all Projects have been Substantially Completed and contribution funding under this Agreement has been spent on Eligible Expenditures; and c) the Parties jointly carry out a final reconciliation of all claims and payments in respect of this Agreement and make any required adjustments.

Retention of Contribution. Canada will retain a maximum of five percent (5%) of its contribution funding under this Agreement. The amount retained by Canada will be released by Canada when: a) Ontario New Brunswick fulfils all of its obligations under this Agreement; b) Ontario New Brunswick submits an attestation attestation, from a delegated official and in a format acceptable to Canada, that all Projects have been Substantially Completed and contribution funding under this Agreement has been spent on Eligible Expenditures; and c) the Parties jointly carry out a final reconciliation of all claims and payments in respect of this Agreement and make any required adjustments.