Separate Ledger Clause Samples

Separate Ledger. Select clauses 16.1 (Bank account) and 16.2 (Bank account). Delete clauses 16.3 (Bank account) and 16.4 (Bank account).]

Separate Ledger. Select clauses 8.1 and 8.

Separate Ledger. The Recipient must: (a) maintain a separate ledger for the purpose of accounting for, and administering, any ARENA Funding paid to the Recipient for this Study; and (b) identify the receipt and expenditure of the ARENA Funding separately within the Recipient's accounting records to ensure that, at all times, the ARENA Funding is identifiable and ascertainable.

Separate Ledger. The Recipient must: maintain a separate ledger for the purpose of accounting for, and administering, any ARENA Funding paid to the Recipient for this Study; and identify the receipt and expenditure of the ARENA Funding separately within the Recipient's accounting records to ensure that, at all times, the ARENA Funding is identifiable and ascertainable. Use of ARENA Funding [Drafting note: Applicants should read the ‘Eligible Expenditure’ section of the Applicable Guidelines.] The Recipient must use the ARENA Funding only: for the Study; for Eligible Expenditure in accordance with the requirements of the Applicable Guidelines; subject to clause 14 (Changes to the Budget), as provided in the Budget; and in accordance with the terms and conditions set out in this Agreement. In accordance with the Applicable Guidelines, the Recipient must not spend more than 10% of the ARENA Funding on Overseas Expenditure, other than for equipment or materials (which includes items such as software). Contributions With the exception of the ARENA Funding, the Recipient is responsible for providing or securing all Contributions, funds and resources, Study bearing all costs necessary, to complete the Study, including on account of cost overruns. The Recipient Contributions and Other Contributions must be provided and used for the Study in accordance with the timeframe in item 2.3 (Budget) of Schedule 1 (The Study). The Recipient must provide written notice to ARENA as soon as practicable if: the Recipient Contributions and/or Other Contributions provided and used for the Project are increased; or it has received, or requested to receive, other funds from the Commonwealth or State or Territory or local government for the Project. Variations Without limiting anything else in this Agreement, any variations to this Agreement will be considered by ARENA in accordance with the ARENA Variation Policy. Subject to clause 12.3, no agreement or understanding varying the terms of this Agreement is legally binding upon either party unless the agreement or understanding is in writing and signed by both parties. Where a party requires a Minor Variation: the party must provide notice to the other party, including details of the proposed variation; and where agreed by the parties, ARENA will effect the Minor Variation by ARENANet. Representations and warranties The Recipient represents and warrants that: (transaction permitted): it will not be breaching any Law, Authorisation, or agreement by si...

Separate Ledger. Select clauses 16.1 and 16.2 ). Delete clauses 16.3 and 16.4 .] The Recipient must: ensure that the ARENA Funding is held in an account in the Recipient's name, and which the Recipient solely controls, with an authorised deposit-taking institution as defined by the Banking Act 1959 (Cth); notify ARENA, prior to the receipt of any ARENA Funding, of details sufficient to identify the account; notify ARENA of any changes to the account within 10 Business Days of the change occurring; maintain a separate ledger in relation to the account for the sole purpose of accounting for, and administering, any ARENA Funding paid to the Recipient for this Project; and identify the receipt and expenditure of the ARENA Funding separately within the Recipient's accounting records to ensure that, at all times, the ARENA Funding is identifiable and ascertainable. On request, the Recipient must provide ARENA and the authorised deposit-taking institution with an authority for ARENA to obtain details relating to the use of the account referred to in this clause 16.