Common use of Multi-Year Special Award Condition Clause in Contracts

Multi-Year Special Award Condition. MULTI-YEAR SAC: The award period and budget(s) incorporated into this award cover a five -year period for a total amount of $14,806,889 in Federal funds. However, Federal funding available at this time is limited to $606,000 for this funding period. Receipt of any prospective funding is contingent upon the availability of funds from Congress, satisfactory performance, continued relevance to program objectives, and will be at the sole discretion of the Department of Commerce. The Department of Commerce is not liable for any obligations, expenditures, or commitments which involve any amount in excess of the Federal amount presently available. The Recipient will be responsible for any and all termination costs it may incur should prospective funding not become available. No legal liability will exist or result on the part of the Federal Government for payment of any portion of the remaining funds which have not been made available under the award. Notifications affecting funding or notice of non-availability of additional funding for prospective years will be made only by the Grants Officer. The amendment to obligate prospective funding available shall be made on Form CD-451, "Amendment to Financial Assistance Award," if at all possible prior to the expiration of each year's activities.

Appears in 1 contract

Samples: www.glos.us

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Multi-Year Special Award Condition. MULTI-YEAR SAC: The award period and budget(s) incorporated into this award cover a five -year period for a total amount of $14,806,889 19,625,000 in Federal funds. However, Federal funding available at this time is limited to $606,000 1,768,000 for this funding period. Receipt of any prospective funding is contingent upon the availability of funds from Congress, satisfactory performance, continued relevance to program objectives, and will be at the sole discretion of the Department of Commerce. The Department of Commerce is not liable for any obligations, expenditures, or commitments which involve any amount in excess of the Federal amount presently available. The Recipient will be responsible for any and all termination costs it may incur should prospective funding not become available. No legal liability will exist or result on the part of the Federal Government for payment of any portion of the remaining funds which have not been made available under the award. Notifications affecting funding or notice of non-availability of additional funding for prospective years will be made only by the Grants Officer. The amendment to obligate prospective funding available shall be made on Form CD-451, "Amendment to Financial Assistance Award," if at all possible prior to the expiration of each year's activities.. The funding period for this award is June 1, 2011 through May 31, 2012 and may be extended through May 31, 2016. DEPARTMENT OF COMMERCE FINANCIAL ASSISTANCE STANDARD TERMS AND CONDITIONS March 2008 DEPARTMENT OF COMMERCE FINANCIAL ASSISTANCE STANDARD TERMS AND CONDITIONS PREFACE 1

Appears in 1 contract

Samples: www.sccoos.org

Multi-Year Special Award Condition. 1. (MULTI-YEAR SAC: YEAR) The award period and budget(s) incorporated into this award cover a five -year 3-year period for a total amount of $14,806,889 321,201 in Federal funds. However, Federal funding available at this time is limited to $606,000 102,199 for this funding period. Receipt of any prospective funding is contingent upon the availability of funds from Congress, satisfactory performance, continued relevance to program objectives, and will be at the sole discretion of the Department of Commerce. The Department of Commerce is not liable for any obligations, expenditures, or commitments which involve any amount in excess of the Federal amount presently available. The Recipient will be responsible for any and all termination costs it may incur should prospective funding not become available. No legal liability will exist or result on the part of the Federal Government for payment of any portion of the remaining funds which have not been made available under the award. Notifications affecting funding or notice of non-availability of additional funding for prospective years will be made only by the Grants Officer. The amendment to obligate prospective funding available shall be made on Form CD-451, "Amendment to Financial Assistance Award," if at all possible prior to the expiration of each year's activities. The funding period for this award is 08/01/2015 through 07/31/2016 and may be extended through 07/31/2018.

Appears in 1 contract

Samples: www.research.fsu.edu

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Multi-Year Special Award Condition. MULTI1.(MULTI-YEAR SAC: YEAR) The award period and budget(s) incorporated into this award cover a five -year 5-year period for a total amount of $14,806,889 19,750,000 in Federal funds. However, Federal funding available at this time is limited to $606,000 3,950,000 for this funding period. Receipt of any prospective funding is contingent upon the availability of funds from Congress, satisfactory performance, continued relevance to program objectives, and will be at the sole discretion of the Department of Commerce. The Department of Commerce is not liable for any obligations, expenditures, or commitments which involve any amount in excess of the Federal amount presently available. The Recipient will be responsible for any and all termination costs it may incur should prospective funding not become available. No legal liability will exist or result on the part of the Federal Government for payment of any portion of the remaining funds which have not been made available under the award. Notifications affecting funding or notice of non-availability of additional funding for prospective years will be made only by the Grants Officer. The amendment to obligate prospective funding available shall be made on Form CD-451, "Amendment to Financial Assistance Award," if at all possible prior to the expiration of each year's activities.

Appears in 1 contract

Samples: aoos.org

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