Common use of Timing of the Grant Clause in Contracts

Timing of the Grant. 2.4.1 Payments will be paid in two payments, in accordance with Schedule 2, dependant upon receipt by the due date of a payment request in the form of Annex A and the supporting monitoring information set out at Schedule 3. Failure to provide the necessary information by the due date will result in payment being delayed until the next quarter. 2.4.2 In order for any payment to be released, the Commissioner will require the Recipient to: a. have signed and returned a copy of this Grant Agreement to the Commissioner b. have provided the appropriate bank details c. have submitted a completed and satisfactory schedule 3 setting out the intended outcomes for the year d. be in compliance with the terms and conditions of this Grant Agreement 2.4.3 The Commissioner reserves the right to withhold all or any payments of the Grant if the Commissioner has reasonably requested information / documentation from the Recipient and this has not been received by the Commissioner in the timescales reasonably required.

Timing of the Grant. 2.4.1 Payments will usually be paid in two paymentsinstallments, in accordance with Schedule 2, dependant upon receipt by the due date of a payment request in the form of Annex A and the supporting monitoring information set out at Schedule 3. Failure to provide the necessary information by the due date will result in payment being delayed until the next quarter. 2.4.2 In order for any payment to be released, the Commissioner will require the Recipient to: a. have signed and returned a copy of this Grant Agreement to the Commissioner b. have provided the appropriate bank details c. have submitted a completed and satisfactory schedule 3 setting out the intended outcomes for the year d. be in compliance with the terms and conditions of this Grant Agreement 2.4.3 The Commissioner reserves the right to withhold all or any payments of the Grant if the Commissioner has reasonably requested information / documentation from the Recipient and this has not been received by the Commissioner in the timescales reasonably required.