Provision Language
4. Management of the Grant and reporting
4.1. Unless we tell you otherwise, you and the Grantholder must activate the Grant by completing a grant start certificate. We will not make payments on the Grant until we receive a completed grant start certificate.
4.2. The Grant Activities must be started as soon as possible and in any event within 12 months of the proposed start date given in the Award Letter.
5. Audit and financial administration
[…]
5.8. We will hold back 10% of the Grant until we have received:
a) the Final Expenditure Report; and
b) the completed end of grant report form (if required).
5.9. You must repay to us:
a) any part of the Grant that has not been spent when the Grant Activities have been completed; and
b) any part of the Grant used in breach of the Terms and Conditions.
5.10. You will be responsible for:
a) any expenditure on the Grant Activities which exceeds the amount of the Grant;
b) any costs arising from any organisational restructuring carried out by you which affects the Grant Activities.