Retention of Contribution. Saskatchewan will retain a maximum of five percent (5%) of its contribution funding under this Agreement. The amount retained by Saskatchewan will be released by Saskatchewan when: a) The Ultimate Recipient fulfils all of its obligations under this Agreement; b) The Ultimate Recipient submits an attestation, from a delegated official and in a format acceptable to Saskatchewan, that the Project has 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.
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Sources: Ultimate Recipient Agreement, Ultimate Recipient Agreement