Common use of Closeout Clause in Contracts

Closeout. The Subrecipient’s obligation to the City shall not end until all closeout requirements are completed. Activities during the close-out period shall include, but are not limited to, making final payments, submitting final reimbursement request and final activity/accomplishment report to the City, disposing of project assets (including the return of all equipment, and receivable accounts to the City), and determining the custodianship of records. Grant closeout is not considered final until the City is fully satisfied that project objectives have been met, at which point the City will issue a close-out/grant finalization letter to the Subrecipient.

Closeout. The Subrecipient’s obligation to the City shall not end until all closeout requirements are completedcompleted in accordance with 2 CFR § 200.344. Activities during the close-out period shall include, but are not limited to, making final payments, submitting final reimbursement request and final activity/accomplishment progress report to the City, disposing of project assets (including the return of all equipment, and receivable accounts to the City)account for any real or personal property acquired with federal funds, and determining the custodianship of records. Grant closeout is not considered final until the City is fully satisfied that project objectives have been met, at which point the City will issue a close-out/grant finalization letter to the Subrecipient.

Closeout. The Subrecipient’s obligation to the City shall not end until all closeout requirements are completed. Activities during the close-out period shall include, but are not limited to, making final payments, submitting final reimbursement request and final activity/accomplishment progress report to the City, disposing of project assets (including the return of all equipment, program income balances, and receivable accounts to the City), and determining the custodianship of records. Grant closeout is not considered final until the City is fully satisfied that project objectives have been met, at which point the City will issue a close-out/grant finalization letter to the Subrecipient.

Closeout. The SubrecipientNon-profit subgrantee’s obligation to the City shall not end until all closeout requirements are completed. Activities during the close-out period shall include, but are not limited to, making final payments, submitting a final reimbursement request and final activity/accomplishment progress report to the City, disposing of project program assets (including the return of all equipment, program income balances, and receivable accounts to the City), and determining the custodianship of records. Grant closeout is not considered final until the City is fully satisfied that project objectives have been met, at which point the City will issue a close-out/grant finalization letter to the SubrecipientNon-profit subgrantee.

Closeout. The Subrecipient’s obligation to the City shall not end until all closeout requirements are completedcompleted in accordance with 2 CFR § 200.344. Activities during the close-out period shall include, but are not limited to, making final payments, submitting final reimbursement request and final activity/accomplishment progress report to the City, disposing of project assets (including the return of all equipment, and receivable accounts to the City)accounting for any real or personal property acquired with Federal funds, and determining the custodianship of records. Grant closeout is not considered final until the City is fully satisfied that project objectives have been met, at which point the City will issue a close-out/grant finalization letter to the Subrecipient.