Common use of Design Grant Clause in Contracts

Design Grant. This grant agreement is being issued in order to complete the design of the project. The Sponsor understands and agrees that within two years after design is completed that the Sponsor will accept, subject to the availability of the amount of federal funding identified in the Airport Capital Improvement Plan, a grant to complete the construction of the project in order to provide a useful and useable unit of work. The Sponsor also understands that if the Commission has provided federal funding to complete design for the project, and the Sponsor has not completed the design within four years from the execution of this grant agreement, the Commission may suspend or terminate grants related to the design.

Design Grant. This grant agreement Grant Agreement is being issued in order to complete the design of the project. The Sponsor understands and agrees that within two 2 years after the design is completed that the Sponsor will accept, subject to the availability of the amount of federal Federal funding identified in the Airport Capital Improvement PlanPlan (ACIP), a grant to complete the construction of the project in order to provide a useful and useable unit of work. The Sponsor also understands that if the Commission FAA has provided federal Federal funding to complete the design for the project, and the Sponsor has not completed the design within four (4) years from the execution of this grant agreementGrant Agreement, the Commission FAA may suspend or terminate grants related to the design.

Design Grant. This grant agreement Grant Agreement is being issued in order to complete the design of the projecta project funded under this Grant Agreement. The Sponsor understands and agrees agrees, that within two 2 years after the design is completed that completed, the Sponsor will accept, subject to the availability of the amount of federal Federal funding identified in the Airport Capital Improvement PlanPlan (ACIP), a grant to complete the construction of the project in order to provide a useful and useable unit of work. The Sponsor also understands that if the Commission FAA has provided federal Federal funding to complete the design for the project, and the Sponsor has not completed the design within four two (2) years from the execution of this grant agreementGrant Agreement, the Commission State may suspend or terminate grants related to the design.