Common use of Managing the Grant Clause in Contracts

Managing the Grant. 7.1 Each party must notify the other of: (a) the nominated person who will act as the party’s authorised representative; and (b) the contact details of the authorised representative and any deputies. 7.2 The Recipient shall submit the monitoring information as detailed in Schedule 2. 7.3 The GMCA may, in addition, ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 7.4 The GMCA may, in addition, ask the Recipient to provide it with forecast information for the financial year end. If so, the Recipient shall comply with any reasonable request. 7.5 The Recipient must notify the GMCA as soon as reasonably practicable that an underspend is forecast. Any underspend of Grant funds must be returned to the GMCA. 7.6 If an overpayment of the Grant has been made, the Recipient shall return such overspend to the GMCA promptly. 7.7 The Recipient may not vire funds between this Grant and other grants made to it. 7.8 The Recipient’s Treasurer, Finance Officer, or equivalent will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Treasurer, Finance Officer, or equivalent should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams.

Managing the Grant. 7.1 Each party must notify the other of: (a) the nominated person who will act as the party’s authorised representative; and (b) the contact details of the authorised representative and any deputies. 7.2 The Recipient shall submit the monitoring information as detailed in Schedule 2. 7.3 The GMCA Funder may, in addition, ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 7.4 The GMCA Funder may, in addition, ask the Recipient to provide it with forecast information for the financial year end. If so, the Recipient shall comply with any reasonable request. 7.5 The Recipient must notify the GMCA Funder as soon as reasonably practicable that an underspend is forecast. Any underspend of Grant funds must be returned to the GMCAFunder. 7.6 If an overpayment of the Grant has been made, the Recipient shall return such overspend to the GMCA Funder promptly. 7.7 The Recipient may not vire funds between this Grant and other grants made to it. 7.8 The Recipient’s Treasurer, Finance Officer, or equivalent will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Treasurer, Finance Officer, or equivalent should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams.

Managing the Grant. 7.1 Each party must notify the other of: (a) the nominated person who will act as the party’s authorised representative; and (b) the contact details of the authorised representative and any deputies. 7.2 The Recipient shall submit the monitoring information as detailed in Schedule 2. 7.3 The GMCA Funder may, in addition, ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 7.4 7.3 The GMCA Funder may, in addition, ask the Recipient to provide it with forecast information for the financial year end. If so, the Recipient shall comply with any reasonable request. 7.5 7.4 The Recipient must notify the GMCA Funder as soon as reasonably practicable that an underspend is forecast. Any underspend of Grant funds must be returned to the GMCAFunder. In light of the Match Funding, any forecast underspend in respect of the Purpose will be split equally between the Funder and Recipient. 7.6 7.5 If an overpayment of the Grant has been made, the Recipient shall return such overspend to the GMCA Funder promptly. 7.7 7.6 The Recipient may not vire funds between this Grant and other grants made to it. 7.8 7.7 The Recipient’s Treasurer, Finance Officer, or equivalent will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Treasurer, Finance Officer, or equivalent should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams.