Common use of Closeout Termination Clause in Contracts

Closeout Termination. (a) This agreement terminates on Project Closeout. (b) In this agreement, “Project Closeout” means the date that the USDOT notifies the Recipient that the award is closed out. Under 2 C.F.R. 200.344, Project Closeout should occur no later than one year after the end of the period of performance.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

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Closeout Termination. (a) This agreement Agreement terminates on Project Closeout. (b) In this agreementAgreement, “Project Closeout” means the date that the USDOT notifies informs the Recipient that the award is closed out. Under 2 C.F.R. 200.344, Project Closeout should occur no later than one year after the end of the period of performance.

Appears in 1 contract

Samples: Designated Subrecipient Agreement

Closeout Termination. (a) This The project-specific agreement terminates on Project Closeout. (b) In this the project-specific agreement, “Project Closeout” means the date that the USDOT FHWA notifies the Recipient that the award is closed out. Under 2 C.F.R. 200.344, Project Closeout should occur no later than one year after the end of the period of performance.

Appears in 1 contract

Samples: Sample Agreement

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Closeout Termination. (a) This agreement terminates on Project Closeout. (b) In this agreement, “Project Closeout” means the date that the USDOT notifies the Recipient that the award is closed out. Under 2 C.F.R. 200.344, Project Closeout should occur no later than one year after the end of the period of performanceperformance end date that is listed in ¶ 4 on the agreement cover sheet.

Appears in 1 contract

Samples: Grant Agreement

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