Grantee Obligations. 1.1 Grantee understands and agrees that grant funds must be used for purchase of equipment after the date the grant agreement is approved by Grantor and that it must use and may not sell, give away, or otherwise transfer the equipment for five years from the date of this agreement without the written approval of Grantor. 1.2 Grantee shall observe and comply with all applicable laws, ordinances, codes and regulations of governmental agencies. Grantee represents and warrants to Grantor that it has all licenses, permits, qualifications and approvals of whatsoever nature which are legally required for Grantee to complete the Grant Project Description. 1.3 No relationship of employer and employee is created by this Agreement, it being understood that Grantee shall act hereunder as an independent contractor performing the work set forth in Exhibit A for its own and the general public benefit, not on behalf of Grantor and that the sole interest of Grantor is to ensure that grant funds are used in accordance with their intended purpose in accordance with the standards set forth in this Agreement. 1.4 Grantee has and shall maintain in effect statutory workers' compensation and employer's liability insurance as required by state law with a limit of at least $1,000,000 per accident for bodily injury or disease. Neither Grantee nor its carrier shall be entitled to recover any costs, settlements, or expenses of workers' compensation claims arising out of this agreement.
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Samples: Equipment Grant Agreement, Equipment Grant Agreement, Equipment Grant Agreement
