MassDevelopment’s Return of Funds Sample Clauses

MassDevelopment’s Return of Funds. The Grantee agrees that if ownership of 0 Xxx Xxx Xxxxxx, Xxxxxxxxx, XX 00000 (the “Property”), is transferred to a for-profit entity or to an unrelated nonprofit entity which stops operating the Property as a Cultural Facility, Grantee shall notify MassDevelopment of such transfer and the full amount of the Grant Amount disbursed to the Grantee shall be repaid immediately to the Fund.
Sample 1Sample 2
AutoNDA by SimpleDocs
MassDevelopment’s Return of Funds. The Grantee agrees that if ownership of [insert address at which project will take place which should match address from the title or lease included with the application] (the “Property”), is transferred to a for-profit entity or to an unrelated nonprofit entity which stops operating the Property as a Cultural Facility, Grantee shall notify MassDevelopment of such transfer and the full amount of the Grant Amount disbursed to the Grantee shall be repaid immediately to the Fund.
Sample 1

Related to MassDevelopment’s Return of Funds

  • Duration of processing and erasure or return of data Processing by the data importer shall only take place for the duration specified in Annex I.

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions. 2. The Recipient shall ensure that interim unaudited financial reports for the Project are prepared and furnished to the World Bank not later than forty five (45) days after the end of each calendar quarter, covering the quarter, in form and substance satisfactory to the World Bank. 3. The Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 2.07(b) of the Standard Conditions. Each such audit of the Financial Statements shall cover the period of one fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the World Bank not later than six (6) months after the end of such period.

  • Geographic Area and Sector Specific Allowances, Conditions and Exceptions The following allowances and conditions shall apply where relevant. Where the Employer does work which falls under the following headings, the Employer agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

  • Financial Management, Financial Reports and Audits 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!