Topic:"Affordability" in M03589

16. SUBCONTRACTS 16.1 The Parties acknowledge that NB Power is compelled to abide by the subcontracting provisions in the Federal Contribution Agreement and that it shall be responsible for obtaining any ministerial consent that is require...

AI summary The Parties agree that NB Power must comply with subcontracting provisions in the Federal Contribution Agreement and obtain ministerial consent for any subcontracting above $1,000,000. NB Power will assist in obtaining such consent.

20. PUBLICATIONS - 20.1 Procedures for and content of publications relating to the Project shall be agreed among the Parties through the Executive Oversight Committee. - 20.2 The Parties agree to acknowledge the fmancial support of the fed...

AI summary The section outlines procedures for publications related to the Project, requiring agreement among the Parties through the Executive Oversight Committee. It also mandates acknowledgment of federal government financial support in all public information produced as part of the Project.

5. CONTRIBUTIONS - 5.1 Notwithstanding any other provision ofthi, Agreement, the Contribution under this Agreement shaH not in any circumstances exceed the lesser of: - a) Fifty (50) per cent of Eligible Costs 1ncurred; - b) $15,900,000 Fi...

AI summary This section outlines the contribution limits for the project, specifying that contributions cannot exceed 50% of eligible costs or $15.9 million. It also details annual contribution limits for specific fiscal years and states that the Minister will not fund costs incurred before May 19, 2009, or after March 31, 2014.

6. METHOD OF PAYMENT - Subject to the terms and conditions of this Agreement, following receipt of a claim, acceptable to 6.1 the Minister, for payment of Eligible Costs Incurred by the Proponent, accompanied by copies of documents in acco...

AI summary The document outlines the method of payment under the Agreement, detailing conditions for payment of eligible costs, withholding of payments until project completion and approval, and provisions for repaying overpayments or unused funds. It also includes clauses allowing the Minister to offset amounts owed by the Proponent against future payments.

14. DISPOSITION OF PROPERTY 14.1 If, prior to the Completion Date of the Project and for five (5) years thereafter, the Proponent sells, leases or otherwise disposes of any property other than Intellectual Property, where the cost of the p...

AI summary The document outlines the requirements for the Proponent regarding the disposition of property, specifying that if the Proponent sells, leases, or otherwise disposes of property (excluding Intellectual Property) within five years of the Project's Completion Date, they must notify the Minister and share proceeds with Canada in proportion to Canada's contribution, up to the amount of Canada's contribution under the Agreement.

15. SUBCONTRACTS 15.1 The Proponent shall not subcontract all or any part of the Project funded by Canada except as provided in the Proposal. The Proponent shall notify the Minister of any contract the Proponent enters into with a third pa...

AI summary The Proponent is restricted from subcontracting parts of the Project funded by Canada except as outlined in the Proposal. Any subcontracting exceeding $1 million must be notified to the Minister with details on the work, contractor identity, and estimated cost. The Minister has no privity of contract with subcontractors, and the Proponent retains sole responsibility for selecting and amending subcontractors.

17. ACKNOWLEDGEMENT 17.1 The Proponent will acknowledge the financial support of Canada in all public information produced as part of the Project.

AI summary The Proponent acknowledges Canada's financial support in all public information related to the Project.

27. APPROPRIATION - 27.1 The payment ofmonle, by Canada under this Agreement is subject to there being an appropriation by Parliament for the Fiscal Year in which the payment of monIes Is to he made. - 27.2 Nomithstandlng any other provlsi...

AI summary The text outlines conditions related to financial contributions by Canada under an agreement, including the requirement for parliamentary appropriation and the possibility of Canada reducing or canceling its financial contribution if funding levels for the Department of Natural Resources change, with adjustments to the project and eligible costs accordingly.

A. Payment of CIRlms: The Proponent sball provide the foilowlng documentation when submitting each claim for payment. which should b. quarterly in a fiscal year. - i) a financial report signed by the CblefFlnancial Officer or Duly Ambor\ze...

AI summary The Proponent must submit documentation for claims, including financial reports, cash flow statements, and activity reports with Gantt charts. They must also provide a statement of anticipated costs if payment is not submitted by March 31. This ensures transparency and accountability in project management and funding.

SCHEDULE"E" CONTRIBUTIONS The Federal Contribution Agreement stipulates that the maximum Contribution per project can not exceed 50% oftotal Project costs. If the Project costs are less than $32,053,000, the funding eligibility for each Pa...

AI summary The Federal Contribution Agreement limits contributions to 50% of total project costs, with funding eligibility decreasing if project costs are below $32,053,000. Detailed funding scenarios are outlined in Section D.