Right to Collect Interest. Where the Amount Incurred in respect of Fiscal Year 1 and Fiscal Year 2, collectively, is less than the Annual Cap for Fiscal Year 1, Ontario may demand from the Recipient the interest earned in accordance with section 3.3 on the amount by which the Amount Incurred in Fiscal Year 1 and Fiscal Year 2, collectively, is less than the Fiscal Year 1 Annual Cap.
Appears in 3 contracts
Sources: Conditional Grant Agreement, Conditional Grant Agreement, Conditional Grant Agreement