Common use of Use of the Funding Clause in Contracts

Use of the Funding. 4.1 Funding shall be used by the Recipient exclusively for the delivery of the Project in accordance with the agreed budget set out in in the Funding Offer Letter. 4.2 Where the Recipient has obtained funding from a third party in relation to its delivery of the Project (including without limitation funding for associated administration and staffing costs), the amount of such funding shall be included in the budget together with a clear description of what that funding shall be used for. 4.3 The Recipient shall not use the funding to: (a) make any payment to members of its Governing Body; (b) purchase buildings or land; or (c) pay for any expenditure commitments of the Recipient entered into before the Award Date, unless this has been approved in writing by Highways England and the Catapult. 4.4 The Recipient shall not spend any part of the funding on the delivery of the Project after the project delivery period. 4.5 Should any part of the funding remain unspent at the end of the project delivery period, the Recipient shall ensure that any unspent monies are returned to the Catapult or, if agreed in writing by the Catapult, shall be entitled to retain the unspent monies to use for such purposes as are agreed between the parties. 4.6 Any liabilities arising at the end of the Project including any redundancy liabilities for staff employed by the Recipient to deliver the Project must be managed and paid for by the Recipient. There will be no additional funding available from the Catapult for this purpose.