Common use of Fine Clause in Contracts

Fine. Grantor reserves the right to impose a 1% of total grant award amount against Grantee for failure to rectify noncompliance according to the agreed upon timeline or for repeated noncompliance. Grantor will notify Xxxxxxx’s Executive Director and AmeriCorps* Program Director in writing of the effective date, reason for fine and action that must be taken to meet compliance.

Appears in 3 contracts

Samples: Sub Grant Agreement, Sub Grant Agreement, Sub Grant Agreement

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Fine. Grantor reserves the right to impose a 1% of total grant award amount against Grantee for failure to rectify noncompliance according to the agreed upon timeline or for repeated noncompliance. Grantor will notify Xxxxxxx’s Executive Director and AmeriCorps* AmeriCorps Program Director in writing of the effective date, reason for fine and action that must be taken to meet compliance.

Appears in 2 contracts

Samples: Subgrant Agreement, Subgrant Agreement

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