Common use of OBLIGATION OF FUNDS Clause in Contracts

OBLIGATION OF FUNDS. A. Upon execution of this Grant Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland of special environmental significance Parcels listed on Attachment A to this Grant Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII of this Grant Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Agreement. B. NRCS may make additional cost-share assistance available in future fiscal years, only to accommodate an increase in the appraised value of Parcels identified in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., below, through the execution of mutually acceptable amendments to this Grant Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. This Grant Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years. C. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.C, NRCS may allow substitution of Parcels at any time, provided the Parcels are of comparable conservation value as determined by NRCS. D. This Grant Agreement will expire on August 31, 2024, and may not be extended. Should the ENTITY not close all Parcels on Attachment A prior to this deadline, NRCS may release any remaining funds from this Grant Agreement. E. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland of special environmental significance Parcels listed on Attachment A to this Grant Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII of this Grant Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Agreement. B. NRCS may make additional cost-share assistance available in future fiscal years, only to accommodate an increase in the appraised value of Parcels identified in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., below, through the execution of mutually acceptable amendments to this Grant Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. This Grant Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years. C. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.C, NRCS may allow substitution of Parcels at any time, provided the Parcels are of comparable conservation value as determined by NRCS. D. This Grant Agreement will expire on August 31, 2024, and may not be extended. Should the ENTITY not close all Parcels on Attachment A prior to this deadline, NRCS may release any remaining funds from this Grant Agreement. E. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland of special environmental significance listed Parcels listed identified as selected for funding on Attachment attachment A to this Grant Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII section VI of this Grant Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Agreement. B. NRCS may make additional cost-share assistance available in future fiscal years, years only to accommodate an increase in the appraised value of listed Parcels identified as selected for funding in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., belowattachment A, through the execution of mutually acceptable amendments to this Grant Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a such listed funded Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. section IX.D below. This Grant Agreement shall not be amended to add additional attachments beyond Attachment attachment A in future fiscal years. C. B. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.Csection IX.D below, NRCS may allow substitution of Parcels at any time, provided that as determined by NRCS, the substitute Parcels and all landowners meet all ACEP-ALE eligibility requirements and the Parcels are of comparable conservation value as determined by NRCS. D. C. This Grant Agreement will expire on August 31, 2024, and 2025. This Grant Agreement may not be extended. Should the ENTITY not close all Parcels identified as selected for funding on Attachment attachment A prior to this deadlinethe agreement expiration date, NRCS may release any remaining funds from this Grant Agreement. E. D. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Cooperative Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland grasslands of special environmental significance Parcels listed on Attachment A to this Grant Cooperative Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII of this Grant Cooperative Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Cooperative Agreement. B. . NRCS may make additional cost-share assistance available in future fiscal years, years only to accommodate an increase in the appraised value of Parcels identified in Attachment A or substitute Parcels added to Attachment A as described in Section III.C.III.B., below, through the execution of mutually acceptable amendments to this Grant Cooperative Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. This Grant Cooperative Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years. C. B. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.C, NRCS may allow substitution of Parcels at any time, provided the Parcels are of comparable conservation value as determined by NRCS. D. C. This Grant Cooperative Agreement will expire on August 31, 20242022. This Cooperative Agreement may be extended for up to two consecutive 12-month periods as follows: The first extension would expire on August 31, 2023, and may not the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be extendedsubmitted by the ENTITY to NRCS at least 60 days in advance of the agreement expiration date. The extension must take the form of an amendment to this Cooperative Agreement, which must be fully executed by all parties prior to the agreement expiration date in order to be valid. Should the ENTITY not close all Parcels on Attachment A prior to this deadlinethe agreement expiration date, NRCS may release any remaining funds from this Grant Cooperative Agreement. E. D. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland of special environmental significance Parcels listed on Attachment A to this Grant Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII of this Grant Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Agreement. B. . NRCS may make additional cost-share assistance available in future fiscal years, only to accommodate an increase in the appraised value of Parcels identified in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., below, through the execution of mutually acceptable amendments to this Grant Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. This Grant Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years. C. . Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.C, NRCS may allow substitution of Parcels at any time, provided the Parcels are of comparable conservation value as determined by NRCS. D. . This Grant Agreement will expire on August 31, 2024, and may not be extended. Should the ENTITY not close all Parcels on Attachment A prior to this deadline, NRCS may release any remaining funds from this Grant Agreement. E. . Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Cooperative Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland of special environmental significance Parcels listed on Attachment A attachments to this Grant Cooperative Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section section VII of this Grant Cooperative Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Cooperative Agreement. B. NRCS may make additional cost-share assistance available in future fiscal years, only to accommodate an increase in the appraised value of Parcels identified in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., below, years through the execution of mutually acceptable amendments to this Grant Cooperative Agreement that identify the additional cost-cost- share assistance amount, the adjustment to or substitution of a listed Parceladditional funded Parcels, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. This Grant Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years.section IX.D. C. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.Csection IX.D, NRCS may allow substitution of Parcels at any time, provided the Parcels are of comparable conservation value as determined by NRCS. D. This Grant Cooperative Agreement will expire be for a term of at least 3 years and not to exceed 5 years. The ENTITY must meet each performance schedule deadline in Table 1. The “Closing Deadline” or “Payment Request Deadline” may be extended for up to one consecutive 12-month period from the date identified in the performance schedule for the individual attachment if the ENTITY requests and NRCS approves an extension in writing prior to the original deadline. The “Attachment Expiration Deadline” identified in the performance schedule below and on August 31, 2024, and may the corresponding notice of award for the individual attachment cannot be extended. Should the ENTITY not close all Parcels on Attachment A prior to this deadlinemeet the Performance Schedule deadlines, NRCS may release any remaining funds from this Grant Cooperative Agreement.. Table 1 – Performance Schedule 2018 A March 31, 2020 July 31, 2020 August 31, 2021 E. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment A.attachments.

OBLIGATION OF FUNDS. A. Upon execution of this Grant Agreement, NRCS will make cost-share assistance available up to the amount specified on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements on the funded grassland listed grasslands of special environmental significance Parcels listed identified as selected for funding on Attachment attachment A to this Grant Agreement. To receive this cost share, the ENTITY must purchase the agricultural land easement and request payment of the NRCS cost share in accordance with Section VII section VI of this Grant Agreement. Only Parcels determined by NRCS to be grasslands of special environmental significance may be funded through this Grant Agreement. B. . NRCS may make additional cost-share assistance available in future fiscal years, years only to accommodate an increase in the appraised value of listed Parcels identified as selected for funding in Attachment A or substitute Parcels added to Attachment A as described in Section III.C., belowattachment A, through the execution of mutually acceptable amendments to this Grant Agreement that identify the additional cost-share assistance amount, the adjustment to or substitution of a such listed funded Parcel, and the terms and conditions of the funding if different from the terms and conditions identified herein, as provided in Section IX.C. section IX.D below. This Grant Agreement shall not be amended to add additional attachments beyond Attachment attachment A in future fiscal years. C. B. Upon mutual agreement of the Parties and execution of an amendment, as provided in Section IX.Csection IX.D below, NRCS may allow substitution of Parcels at any time, provided that as determined by NRCS, the substitute Parcels and all landowners meet all ACEP-ALE eligibility requirements and the Parcels are of comparable conservation value as determined by NRCS. D. C. This Grant Agreement will expire on August 31, 2024, and 2025. This Grant Agreement may not be extended. Should the ENTITY not close all Parcels identified as selected for funding on Attachment attachment A prior to this deadlinethe agreement expiration date, NRCS may release any remaining funds from this Grant Agreement. E. D. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in the Attachment attachment A.