Common use of UNEXPENDED MONEYS Clause in Contracts

UNEXPENDED MONEYS. 3.1 For the purposes of this Agreement, the Funding Period is subject to funding being available for the period described in Schedule 1. 3.2 At the end of the Funding Period the Recipient must provide a report on the level of any unexpended Funding and must repay any part of the Funding which is unexpended at the end of the Funding Period to the Minister, unless the Minister gives written approval for the Recipient to retain the money.

Appears in 2 contracts

Sources: Funding and Service Agreement, Funding and Service Agreement