Common use of The Grant payment Clause in Contracts

The Grant payment. 4.1 Prior to receiving any payment of the Grant, the Recipient must meet the Conditions as listed in Schedule 3 of this Agreement. 4.2 The Grant shall be paid by the Funder to the Recipient in instalments in accordance with the Project Plan at Schedule 2 of this Agreement. The Recipient must submit a Claim in the format prescribed by the Funder in order to receive payment of an instalment. Payment of the Grant can be claimed in a maximum of three instalments and no instalment can exceed £35,000, unless otherwise agreed by the Funder. No more than one instalment can be claimed in any calendar month. 4.3 Payment of the Grant instalments shall be made within 21 calendar days of receipt by the Funder from the Recipient of a Claim confirming that the Eligible Costs relating to item(s) in the Project Plan have been accrued by the Recipient, and that all Eligible Costs funded by previous Grant instalments have been defrayed.

The Grant payment. 4.1 Prior to receiving any payment of the Grant, the Recipient must meet the Conditions as listed in Schedule 3 of this Agreement. 4.2 The Grant shall be paid by the Funder to the Recipient in instalments in accordance with the Project Plan at Schedule 2 of this Agreement. The Recipient must submit a Claim in the format prescribed by the Funder in order to receive payment of an instalment. Payment of the Grant can be claimed in a maximum of three instalments and no instalment can exceed £35,000, unless otherwise agreed by the Funder. No more than one instalment can be claimed in any calendar month. 4.3 Payment of the Grant instalments shall be made within 21 calendar days of receipt by the Funder from the Recipient of a Claim confirming that the Eligible Costs relating to item(s) in the Project Plan Activity Schedule have been accrued by the Recipient, and that all Eligible Costs funded by previous Grant instalments have been defrayed.