Common use of Cost Share Obligation If Award Terminated or Discontinued Clause in Contracts

Cost Share Obligation If Award Terminated or Discontinued. If the Award is terminated or is otherwise not funded to completion, the Recipient is not required to provide the entire “Cost Share” amount stated in Block 12 of the Assistance Agreement to this Award; however, the Recipient must provide its share (i.e., percentage as shown in Table 1 above) of the total project cost reimbursed as of the date of the termination or discontinuation.

Appears in 3 contracts

Samples: Special Terms and Conditions, Model Cooperative Agreement, Model Cooperative Agreement

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Cost Share Obligation If Award Terminated or Discontinued. If the Award is terminated or is otherwise not funded to completion, the Recipient is not required to provide the entire “Cost Share” amount stated in Block 12 of the Assistance Agreement Form to this Award; however, the Recipient must provide its share (i.e., percentage as shown in Table 1 abovepercentage) of the total project cost reimbursed as of the date of the termination or discontinuation.

Appears in 1 contract

Samples: Special Terms and Conditions

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Cost Share Obligation If Award Terminated or Discontinued. If the Award is terminated or is otherwise not funded to completion, the Recipient is not required to provide the entire “Cost Share” amount stated in Block 12 of the Assistance Agreement Form to this Award; however, the Recipient must provide its overall share (i.e., percentage as shown in Table 1 abovepercentage) of the total project cost reimbursed as of the date of the termination or discontinuation.

Appears in 1 contract

Samples: Special Terms and Conditions

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