Common use of Grant Amount Clause in Contracts

Grant Amount. In consideration of the various obligations to be undertaken by Grantee pursuant to this Agreement, MassCEC agrees to provide Grantee, through its fiscal agent, [Fiscal agent name], with funds in an amount not to exceed [write out amount] Dollars ($numerical amount) (the “Grant”). The Parties acknowledge and agree that this is a maximum authorization, and MassCEC is under no obligation to transfer the full amount to Grantee or [Fiscal Agent Name], or any amount, in the event Grantee does not satisfy the requirements under this Agreement. Xxxxxxx acknowledges and agrees that receipt of this Grant, or any portion of this Grant, does not create any rights of preferences to receive subsequent funding from MassCEC. In no event shall the Grant exceed the amount specified in this section. Payment. MassCEC will pay Grant funds to the Grantee in installments that cover the previously approved costs associated with the program plan and budget as detailed in this agreement in Attachment 1: Scope of Work and Attachment 2: Program Budget. The Grantee shall invoice at least quarterly and no more often than monthly and MassCEC shall pay (each installment a “Grant Installment”) within forty-five (45) days of approval of the corresponding receipt of a written invoice describing the work performed with grant funds during the invoice period, corresponding program reporting, grant resource report form, any required back-up documentation, and a completed and signed Expenditure Certification (Attachment 3). Notwithstanding the foregoing: (i) Grantee shall not be permitted to invoice for work on a given phase set forth in the Program Timeline in the Scope of Work if Grantee has not yet completed the previous phase; and (ii) to the extent Grantee fails to satisfy any of the invoicing requirements set forth in this Agreement, as determined in MassCEC's sole discretion, MassCEC shall not be obligated to remit requested payment to Grantee prior to Grantee correcting invoicing deficiencies. [ONLY INCLUDE IF USING FISCAL AGENT] Grantee represents and warrants that it has a formal agreement in place with [Fiscal Agent Name] for [Fiscal Agent Name] to serve as Xxxxxxx’s fiscal agent for purposes of this Agreement. Grantee hereby acknowledges that it shall not directly receive Grant funds from MassCEC pursuant to this Agreement, and that these funds shall instead be paid, as applicable, to [Fiscal Agent Name] as Xxxxxxx’s fiscal agent. [Fiscal Agent Name] may retain a percentage of the Grant funds as an administrative fee for serving as Xxxxxxx’s fiscal agent to be agreed upon between Grantee and [Fiscal Agent Name]; however, in no event shall the administrative fee exceed ten percent (10%) of the Grant funds. In addition to Xxxxxxx’s indemnification obligations set forth in Section 14 hereof, Grantee shall indemnify and hold harmless the Covered Persons (as defined in Section 14) from Damages (as defined in Section 14) arising out of or in connection with [Fiscal Agent Name]’s receipt, handling, and management of Grant funds on Grantee’s behalf. [‘Grantee’ or ‘Fiscal Agent Name’] shall enroll in MassCEC’s Automated Clearinghouse (“ACH”) system to receive payment by completing the ACH enrollment form attached to this Agreement in Attachment 3 and submitting it to XX@xxxxxxx.xxx at or before the submission of their first invoice. Any changes to the information in the ACH form must be submitted to XX@xxxxxxx.xxx through an updated ACH enrollment form within thirty (30) days of any such change.

Grant Amount. In consideration of the various obligations to be undertaken by Grantee pursuant to this Agreement, MassCEC agrees to provide Grantee, through its fiscal agent, [Fiscal agent name], Grantee with funds in an amount not to exceed [write out amount] Dollars ($numerical amount) (the “Grant”). The Parties acknowledge and agree that this is a maximum authorization, and MassCEC is under no obligation to transfer the full amount to Grantee or [Fiscal Agent Name]Grantee, or any amount, in the event Grantee does not satisfy the requirements under this Agreement. Xxxxxxx acknowledges and agrees that receipt of this Grant, or any portion of this Grant, does not create any rights of preferences to receive subsequent funding from MassCEC. In no event shall the Grant exceed the amount specified in this section. Payment. MassCEC will pay Grant funds to the Grantee in installments that cover the previously approved costs associated in accordance with the program plan Schedule and budget as detailed in this agreement Deliverable table set forth in Attachment 1: Scope of Work and Attachment 2: Program Budget. The Grantee shall invoice at least quarterly and no more often than monthly and MassCEC shall pay 1 (each installment a “Grant Installment”) within forty-five (45) days of approval of the corresponding Deliverable, receipt of a written invoice describing the work performed with grant Grant funds during the invoice period, corresponding program reporting, grant resource report form, any required back-up documentation, and receipt of a completed and signed [IF APPLICABLE: Cost Share and] Expenditure Certification (Attachment 32). Notwithstanding the foregoing: (i) Grantee shall not be permitted submit invoices by email to invoice for work on a given phase set forth MassCEC’s Project Managers listed in the Program Timeline in the Scope of Work if Grantee has not yet completed the previous phase; Section 4(a) and (ii) to the extent Grantee fails to satisfy any of the invoicing requirements set forth in this Agreement, as determined in MassCEC's sole discretion, MassCEC shall not be obligated to remit requested payment to Grantee prior to Grantee correcting invoicing deficiencies. [ONLY INCLUDE IF USING FISCAL AGENT] Grantee represents and warrants that it has a formal agreement in place with [Fiscal Agent Name] for [Fiscal Agent Name] to serve as Xxxxxxx’s fiscal agent for purposes of this Agreementcarbon copy XX@xxxxxxx.xxx. Grantee hereby acknowledges that it shall not directly receive Grant funds from MassCEC pursuant to this Agreement, and that these funds shall instead be paid, as applicable, to [Fiscal Agent Name] as Xxxxxxx’s fiscal agent. [Fiscal Agent Name] may retain a percentage of the Grant funds as an administrative fee for serving as Xxxxxxx’s fiscal agent to be agreed upon between Grantee and [Fiscal Agent Name]; however, in no event shall the administrative fee exceed ten percent (10%) of the Grant funds. In addition to Xxxxxxx’s indemnification obligations set forth in Section 14 hereof, Grantee shall indemnify and hold harmless the Covered Persons (as defined in Section 14) from Damages (as defined in Section 14) arising out of or in connection with [Fiscal Agent Name]’s receipt, handling, and management of Grant funds on Grantee’s behalf. [‘Grantee’ or ‘Fiscal Agent Name’] shall enroll in MassCEC’s Automated Clearinghouse (“ACH”) system to receive payment by completing the ACH enrollment form attached to this Agreement in Attachment 3 and submitting it to XX@xxxxxxx.xxx at or before the submission of their first invoice. Any changes to the information in the ACH form must be submitted to XX@xxxxxxx.xxx through an updated ACH enrollment form within thirty (30) days of any such change.

Grant Amount. In consideration The Authority has agreed indicative funding of up to the various obligations to Grant Amounts as stated for each Funding Period; the Grant Amounts will not be undertaken by Grantee pursuant to this Agreement, MassCEC agrees to provide Grantee, through its fiscal agent, [Fiscal agent name], with funds in an amount not to exceed [write out amount] Dollars ($numerical amount) (the “Grant”). The Parties acknowledge and agree that this is a maximum authorization, and MassCEC is under no obligation to transfer the full amount to Grantee or [Fiscal Agent Name], or any amount, increased in the event Grantee does not satisfy of any overspend by the requirements under this Agreement. Xxxxxxx acknowledges and agrees that receipt of this Grant, or any portion of this Grant, does not create any rights of preferences to receive subsequent funding from MassCEC. In no event shall the Grant exceed the amount specified Recipient in this section. Payment. MassCEC will pay Grant funds to the Grantee in installments that cover the previously approved costs associated with the program plan and budget as detailed in this agreement in Attachment 1: Scope of Work and Attachment 2: Program Budget. The Grantee shall invoice at least quarterly and no more often than monthly and MassCEC shall pay (each installment a “Grant Installment”) within forty-five (45) days of approval its delivery of the corresponding receipt of a written invoice describing Purpose. It is the work performed with grant funds during the invoice periodRecipient’s responsibility to ensure that its receipt, corresponding program reporting, grant resource report form, any required back-up documentation, management and a completed and signed Expenditure Certification (Attachment 3). Notwithstanding the foregoing: (i) Grantee shall not be permitted to invoice for work on a given phase set forth in the Program Timeline in the Scope of Work if Grantee has not yet completed the previous phase; and (ii) to the extent Grantee fails to satisfy any of the invoicing requirements set forth in this Agreement, as determined in MassCEC's sole discretion, MassCEC shall not be obligated to remit requested payment to Grantee prior to Grantee correcting invoicing deficiencies. [ONLY INCLUDE IF USING FISCAL AGENT] Grantee represents and warrants that it has a formal agreement in place with [Fiscal Agent Name] for [Fiscal Agent Name] to serve as Xxxxxxx’s fiscal agent for purposes of this Agreement. Grantee hereby acknowledges that it shall not directly receive Grant funds from MassCEC pursuant to this Agreement, and that these funds shall instead be paid, as applicable, to [Fiscal Agent Name] as Xxxxxxx’s fiscal agent. [Fiscal Agent Name] may retain a percentage expenditure of the Grant funds as an administrative fee complies with all tax requirements in force at the time and for serving as Xxxxxxx’s fiscal agent to be agreed upon between Grantee and [Fiscal Agent Name]; however, in no event shall the administrative fee exceed ten percent (10%) duration of the Grant fundsAgreement. In addition The Recipient‎ acknowledges that the Grant and any Eligible Expenditure claimed are not paid as a consideration for any taxable supply for VAT purposes. The Grant Amount and any Eligible Expenditure claimed are therefore deemed to Xxxxxxx’s indemnification obligations set forth in Section 14 hereof, Grantee shall indemnify and hold harmless the Covered Persons (as defined in Section 14) from Damages (as defined in Section 14) arising out be inclusive of or in connection with [Fiscal Agent Name]’s receipt, handlingall VAT chargeable, and management the Parties agree that the Authority’s obligation does not extend to paying any additional amounts in respect of VAT. The Recipient acknowledges that unless explicitly agreed by the Authority In Writing and in advance, the Grant funds on Grantee’s behalfwill not be used to meet the cost of any import, customs duties or any other taxes or similar charges applied by local governments or by non-UK governments or by any non-UK local public authority. [‘Grantee’ or ‘Fiscal Agent Name’] shall enroll Timing of the Xxxxx Xxxxx Claims will be paid in MassCEC’s Automated Clearinghouse (“ACH”) system to receive accordance with the payment by completing the ACH enrollment form attached to this Agreement profile detailed in Attachment 3 and submitting it to XX@xxxxxxx.xxx at or before the submission of their first invoice. Any changes to the information in the ACH form must be submitted to XX@xxxxxxx.xxx through an updated ACH enrollment form Schedule 2, within thirty (30) days Calendar Days of the receipt and agreement of a correctly submitted Annex A and all supporting monitoring information as set out in Schedule 3. The Authority shall have no liability to the Recipient for any Losses caused by a delay in the approval of, or amendment to, Eligible Expenditure howsoever arising. In order for the Grant to be released, the Authority will require the Recipient to: have signed and returned a copy of this Grant Agreement to the Authority, and have provided the appropriate bank details, and be in compliance with the Grant Agreement throughout the period for which Eligible Expenditure is being claimed. Payment will be made by BACS using account details that the Recipient must supply to the Authority. The Recipient is responsible for ensuring that the Authority has been notified of its correct bank account details and any subsequent changes. Original notification of, and all subsequent amendments to, the Recipient’s bank details must be provided on its own headed notepaper duly signed by a Senior Finance Officer (see Xxxxx X). The Authority is not permitted to pay the Grant in Advance of Need. If the Authority reasonably believes that payment is being made in Advance of Need, it may change the timing and/or the amount of any outstanding Grant payments. Nothing in this Grant Agreement shall oblige the Authority to reimburse claims against the Grant beyond the Funding Periods. Any request for payment relating to activities undertaken after the Funding Periods shall be subject to the specific written approval of the Authority (such changeapproval not to be unreasonably withheld). Managing the Grant Each Party shall record the contact details of their Authorised Representatives at Annex C. At a minimum these must be the Grant Sponsor and Scheme Manager. The Recipient shall: have a sound administration and audit process, including financial safeguards against fraud, theft, money laundering, counter-terrorist financing or any other impropriety or mismanagement in connection with the administration of the Grant, ensure that the adequacy of the systems in place are subject to independent audit, the results of which must be shared with the Authority, and ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Recipient should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. Monies and income derived from Third Parties as Supplementary Funding shall not constitute the Grant and will be accounted for, identified and reported on separately. The Recipient may not vire (move) funds between this Grant and other grants made to it. The Recipient shall account for the Grant on an accruals basis. This requires the cost of goods or services to be recognised when the goods or services are received, rather than when they are paid for. In support of Grant Claims, and in accordance with the monitoring and reporting requirements detailed in Schedule 3, using the template at Annex A the Recipient shall provide the Authority with narrative reports detailing progress against Key Performance Indicators (‘KPIs’); these should also include headline financial reconciliations highlighting spend and any significant financial variances, underspend or overspend. Where an underspend is identified by the Recipient, the Authority may require that (i) a revised budget toolkit is submitted, and (ii) subsequent payment values noted in Schedule 2 are adjusted accordingly. At the end of each Funding Period, the Recipient shall submit an Outturn Statement to the Authority. This Outturn Statement must: be in the format set out in Annex B, and be signed by a Senior Finance Officer. No later than two (2) months prior to the end of each Funding Period, the Recipient shall submit an Outturn Forecast to the Authority. This Outturn Forecast must: be in the format set out in Annex J, and be signed by a Senior Finance Officer. The Authority may ask the Recipient to clarify any information provided to it. If so, the Recipient shall comply with any such request. The Authority may at its discretion provide the Recipient with feedback on the adequacy of any report or claim and may also require the Recipient to re-submit a report or claim, having taken into account any issues raised in the Authority’s feedback. The Recipient shall promptly notify and repay to the Authority any overpayment or monies incorrectly paid to it. This includes (without limitation) situations where either an incorrect sum of money has been paid or where Xxxxx has been paid in error before the Recipient has complied with all conditions attaching to the Grant. Any sum, which falls due under this clause 6.12, shall fall due immediately. If the Recipient fails to repay the due sum immediately, or within such timeframe as is otherwise agreed to by the Authority, the sum will be recoverable summarily as a civil debt. At the end of each Funding Period, or upon termination howsoever caused, the Recipient shall ensure that all Unspent Monies are returned to the Authority, unless otherwise agreed In Writing by the Authority and at its sole discretion. For the purposes of accounting, reconciliation and the repatriation of Unspent Monies at termination or at any other point provided for within this Grant Agreement, the Grant shall consist of: all Grant monies paid to the Recipient The Recipient shall have appropriate and proportionate contingency plans in place to ensure continuity of delivery of the Purpose, and the Authority shall have sight of these contingency plans and shall have the right to request assurance from the Recipient as to their implementation, where necessary, to ensure continuity of delivery of the Purpose. The Recipient must ensure it has in place suitable measures for the orderly management of its business operations following the expiry or termination of this Grant Agreement howsoever caused. It shall prepare (and make available to the Authority) a plan which sets out the provisions required to achieve a controlled closure of the programme in accordance with Schedule 4. Records to be kept The Recipient shall maintain and operate effective monitoring and financial management systems, and keep a record of all: Eligible Expenditure and retain all accounting records relating to the Eligible Expenditure for a period of at least seven (7) years after the end of the Funding Periods. Accounting records should include: original invoices, receipts, minutes from meetings, accounts, deeds, interest accrued, returns on investments, income generated, Supplementary Funding received and any other relevant documentation, whether In Writing or electronic form, and gifts, both given and received, in connection with the Purpose. Where the Recipient is paying Grant monies to Delivery Partners, and any Delivery Partner(s) wish to retain such original documentation, the Recipient should obtain from the Delivery Partner(s): certified copies of the accounting documents justifying income and expenditure incurred by the Delivery Partner(s) in relation to the Purpose, an annual, written statement, signed by the Delivery Partner’s treasurer or equivalent senior finance officer, of how the money was spent, and a signed undertaking that the Delivery Partner will retain such documents for the period prescribed above. [Please note: Specific terms relating to assets to be confirmed] Where the Grant is spent on Assets, the Recipient must: maintain a register of such items. This register shall record as a minimum, the date the item was purchased, description of the Asset, location of the Asset, the price paid, the date of Disposal, proceeds of any Disposal net of VAT, and provide proof of insurance coverage for the useful life of the relevant Asset, and make the Assets available for inspection. Assets will be the property of the Recipient for the duration of the Funding Period and must only be used in furtherance of the Purpose. The Recipient shall undertake all necessary maintenance and upkeep activities including but not limited to the proper insurance, routine inspection, testing, maintenance, repair and refurbishment of such Assets. The Recipient shall maintain records in relation to Assets which require active maintenance and will make them available to the Authority upon reasonable request. On the expiry or termination of this Grant Agreement (howsoever caused), title in Assets acquired using the Grant shall remain with the Recipient, unless otherwise expressly agreed In Writing between the Parties. Following an event as described in Clause 7.7, the Authority may offer to purchase the Asset(s) at a fair market value agreed In Writing by the Parties. At any time after purchase, should the Recipient propose to sell, Dispose of, change the use of or donate to a Third Party an Asset then the Recipient must first consult the Authority to determine what should happen. The Authority may require the Recipient to: return proceeds from sale of any Assets to the Authority, or re-invest proceeds from the sale of any Assets. The provisions of Clause 7.9 and 7.10 shall survive the termination of this Grant Agreement, howsoever that occurs. Eligible Expenditure and Limitations of Funding Use Eligible Expenditure Eligible Expenditure is expenditure incurred by the Recipient in managing, administering and delivering the Purpose. The Recipient may not use the Grant for any activities other than those required to achieve the Purpose and as more fully described in Schedule 1 and Annex D, or as approved In Writing by the Authority. The following will be classified as Eligible Expenditure if incurred in delivering the Purpose: contribution to salary costs, in whole or as a portion, comprising basic salary, employer pension contribution, employer National Insurance contributions, recruitment and retention allowances, statutory redundancy, statutory maternity / paternity pay and/or statutory sick pay; and, training and travel expenses incurred, fees charged or to be charged to the Recipient by the external auditors/accountants for reporting/certifying that the Grant paid was applied for its intended purposes, for example an Independent Assurance Statement, giving evidence to Parliamentary Select Committees in connection with the Purpose or this Grant Agreement, attending meetings with government ministers or civil servants to discuss the progress of the Purpose or this Grant Agreement, responding to public consultations, where the topic is relevant to the Purpose. Eligible Expenditure does not include the Recipient spending the Grant on lobbying, or engaging, other people to respond to any such consultation (unless explicitly permitted in the Grant Agreement), providing independent, evidence-based policy recommendations to local government, departments or government ministers, where that is the objective of the Grant, for example, ‘What Works Centres’, and providing independent evidence-based advice to local or national government as part of the general policy debate, where that is in line with the objectives of the Grant. IT hardware and software costs relating to the running of the online Knowledge Management Platform. fees charged to advertise roles being recruited for the Purpose of this Grant Agreement.

Grant Amount. In consideration of the various obligations to be undertaken by Grantee pursuant to this Agreement, MassCEC agrees to provide Grantee, through its fiscal agent, [Fiscal agent name], with funds in an amount not to exceed [write out amount] Dollars ($numerical amount) (the “Grant”). The Parties acknowledge and agree that this is a maximum authorization, and MassCEC is under no obligation to transfer the full amount to Grantee or [Fiscal Agent Name], or any amount, in the event Grantee does not satisfy the requirements under this Agreement. Xxxxxxx acknowledges and agrees that receipt of this Grant, or any portion of this Grant, does not create any rights of preferences to receive subsequent funding from MassCEC. In no event shall the Grant exceed the amount specified in this section. Payment. MassCEC will pay Grant funds to the Grantee in installments that cover the previously approved costs associated with the program plan and budget as detailed in this agreement Agreement in Attachment 1: Scope of Work and Attachment 2: Program Budget. The Grantee shall invoice at least quarterly and no more often than monthly and MassCEC shall pay (each installment a “Grant Installment”) within forty-five (45) days of approval of the corresponding receipt of a written invoice describing the work performed with grant funds during the invoice period, corresponding program reporting, grant resource report form, any required back-up documentation, and a completed and signed Expenditure Certification (Attachment 3). Notwithstanding the foregoing: (i) Grantee shall not be permitted to invoice for work on a given phase set forth in the Program Timeline in the Scope of Work if Grantee has not yet completed the previous phase; and (ii) to the extent Grantee fails to satisfy any of the invoicing requirements set forth in this Agreement, as determined in MassCEC's sole discretion, MassCEC shall not be obligated to remit requested payment to Grantee prior to Grantee correcting invoicing deficiencies. [ONLY INCLUDE IF USING FISCAL AGENT] Grantee represents and warrants that it has a formal agreement in place with [Fiscal Agent Name] for [Fiscal Agent Name] to serve as Xxxxxxx’s fiscal agent for purposes of this Agreement. Grantee hereby acknowledges that it shall not directly receive Grant funds from MassCEC pursuant to this Agreement, and that these funds shall instead be paid, as applicable, to [Fiscal Agent Name] as Xxxxxxx’s fiscal agent. [Fiscal Agent Name] may retain a percentage of the Grant funds as an administrative fee for serving as Xxxxxxx’s fiscal agent to be agreed upon between Grantee and [Fiscal Agent Name]; however, in no event shall the administrative fee exceed ten percent (10%) of the Grant funds. In addition to Xxxxxxx’s indemnification obligations set forth in Section 14 hereof, Grantee shall indemnify and hold harmless the Covered Persons (as defined in Section 14) from Damages (as defined in Section 14) arising out of or in connection with [Fiscal Agent Name]’s receipt, handling, and management of Grant funds on Grantee’s behalf. [‘Grantee’ or ‘Fiscal Agent Name’] shall enroll in MassCEC’s Automated Clearinghouse (“ACH”) system to receive payment by completing the ACH enrollment form attached to this Agreement in Attachment 3 and submitting it to XX@xxxxxxx.xxx at or before the submission of their first invoice. Any changes to the information in the ACH form must be submitted to XX@xxxxxxx.xxx through an updated ACH enrollment form within thirty (30) days of any such change.

Grant Amount. In consideration of the various obligations to be undertaken by Grantee pursuant to this Agreement, MassCEC agrees to provide Grantee, through its fiscal agent, [Fiscal agent name], Grantee with funds in an amount not to exceed [write out amount] Dollars ($numerical amount) (the “Grant”). The Parties acknowledge and agree that this is a maximum authorization, and MassCEC is under no obligation to transfer the full amount to Grantee or [Fiscal Agent Name]Grantee, or any amount, in the event Grantee does not satisfy the requirements under this Agreement. Xxxxxxx acknowledges and agrees that receipt of this Grant, or any portion of this Grant, does not create any rights of preferences to receive subsequent funding from MassCEC. In no event shall the Grant exceed the amount specified in this section. Payment. MassCEC will pay Grant funds to the Grantee in installments that cover the previously approved costs associated in accordance with the program plan Schedule and budget as detailed in this agreement Deliverable table set forth in Attachment 1: Scope of Work and Attachment 2: Program Budget. The Grantee shall invoice at least quarterly and no more often than monthly and MassCEC shall pay 1 (each installment a “Grant Installment”) within forty-five (45) days of approval of the corresponding Deliverable, receipt of a written invoice describing the work performed with grant Grant funds during the invoice period, corresponding program reporting, grant resource report form, any required back-up documentation, and receipt of a completed and signed [IF APPLICABLE: Cost Share and] Expenditure Certification (Attachment 32). Notwithstanding the foregoing: (i) Grantee shall not be permitted to invoice for work on a given phase set forth in the Program Timeline in the Scope of Work if Grantee has not yet completed the previous phase; and (ii) to the extent Grantee fails to satisfy any of the invoicing requirements set forth in this Agreement, as determined in MassCEC's sole discretion, MassCEC shall not be obligated to remit requested payment to Grantee prior to Grantee correcting invoicing deficiencies. [ONLY INCLUDE THIS PARAGRAPH IF USING FISCAL AGENT] Grantee represents and warrants that it has a formal agreement in place with [Fiscal Agent Name] for [Fiscal Agent Name] to serve as Xxxxxxx’s fiscal agent for purposes of this Agreement. Grantee hereby acknowledges that it shall not directly receive Grant funds from MassCEC pursuant to this Agreement, and that these funds shall instead be paid, as applicable, to [Fiscal Agent Name] as Xxxxxxx’s fiscal agent. [Fiscal Agent Name] may retain a percentage of the Grant funds as an administrative fee for serving as Xxxxxxx’s fiscal agent to be agreed upon between Grantee and [Fiscal Agent Name]; however, in no event shall the administrative fee exceed ten percent (10%) of the Grant funds. In addition to Xxxxxxx’s indemnification obligations set forth in Section 14 hereof, Grantee shall indemnify and hold harmless the Covered Persons (as defined in Section 14) from Damages (as defined in Section 14) arising out of or in connection with [Fiscal Agent Name]’s ] receipt, handling, and management of Grant funds on GranteeXxxxxxx’s behalf. [‘Grantee’ or ‘Fiscal Agent Name’] shall enroll in MassCEC’s Automated Clearinghouse (“ACH”) system to receive payment by completing the ACH enrollment form attached to this Agreement in Attachment 3 and submitting it to XX@xxxxxxx.xxx at or before the submission of their first invoice. Any changes to the information in the ACH form must be submitted to XX@xxxxxxx.xxx through an updated ACH enrollment form within thirty (30) days of any such change.