Common use of Executed Grant Agreement Clause in Contracts

Executed Grant Agreement. OBO shall receive a duly executed original of this Agreement. Expiration of Offer. The grant Agreement offer will terminate in the event that initiation of performance is not rendered within ninety (90) days of the project commencement date or it is not rendered in accordance with the grant expenditure schedule discussed in the above paragraph titled “Grant Expenditure Schedule”. Additional Funding. The Subrecipient shall ensure that adequate funding is in place to complete each Project. In the event that any Grant, alone, is for any reason insufficient to complete the applicable Project, the Subrecipient will obtain or make available and apply other funds (including by incurring loans in an aggregate amount necessary to ensure completion of each such Project. Any additional funding may have separate terms and restrictions that do not override these obligations. No Existing Federal or State Funding. The Subrecipient certifies that need addressed by this subaward is not met by existing federal or state commitments, nor will this subaward be used to reimburse any federal or state funding streams. Permitting. The Subrecipient certifies that it will at all times be in compliance with all federal and state permitting laws for the duration of their performance. If the OBO learns that the Subrecipient is not in compliance with all permitting laws, this may constitute grounds for the immediate termination of this agreement.