Common use of Use of the Funding Clause in Contracts

Use of the Funding. 9.1 You must use the Funding for the Funded Activity in accordance with: (a) the Operational Plan and Budget; (b) the requirements of this Agreement (including the Special Conditions); and (c) our reasonable directions, and, in the absence of our approval, you must not use the Funding or any part of the Funding for any other purpose including: (d) your administrative or other general costs other than those identified in the Budget; (e) to purchase, lease or otherwise acquire vehicles, land, premises or other assets (except for the Approved Assets, if any); (f) capital works (other than general repairs and maintenance identified in the Budget), including construction, extension, modification, refurbishment, fit-out or upgrade of existing facilities; or (g) investment purposes, to make a loan, to give any form of credit, or to provide any form of financial security. 9.2 You must hold the Funding in an interest bearing account with an “authorised deposit-taking institution” as that term is defined in the Banking Act 1959 (Cth).