Common use of Close-Outs Clause in Contracts

Close-Outs. SUBRECIPIENT’s obligation to the CITY shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: making final payments, disposing of Program assets (including the return of all unused materials, equipment, unspent cash advances, Program Income balances, and accounts receivable to the CITY), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that SUBRECIPIENT has control over CDBG funds, including Program Income.

Close-Outs. The SUBRECIPIENT’s obligation to the CITY shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: to making final payments, disposing of Program program assets (including the return of all unused materials, equipment, unspent cash advances, Program Income program income balances, and accounts receivable to the CITY), and determining the custodianship of recordsrecords per 2 CFR §§200.344-346. Notwithstanding the foregoing, the terms of this Agreement AGREEMENT shall remain in effect during any period that the SUBRECIPIENT has control over CDBG funds, including Program Incomeprogram income.

Close-Outs. The SUBRECIPIENT’s obligation to the CITY shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: to making final payments, disposing of Program program assets (including the return of all unused materials, equipment, unspent cash advances, Program Income program income balances, and accounts receivable to the CITY), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement AGREEMENT shall remain in effect during any period that the SUBRECIPIENT has control over CDBG funds, including Program Incomeprogram income.

Close-Outs. SUBRECIPIENTThe SUB-RECIPIENT’s obligation to the CITY shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: making final payments, disposing of Program program assets (including the return of all unused materials, equipment, unspent cash advances, Program Income program income balances, and accounts receivable to the CITY), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that SUBRECIPIENT the SUB-RECIPIENT has control over CDBG funds, including Program Incomeprogram income.