Common use of OBLIGATION OF FUNDS Clause in Contracts

OBLIGATION OF FUNDS. A. Upon execution of this 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 Parcels listed on Attachment A to this 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 Cooperative Agreement. 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.B., below, through the execution of mutually acceptable amendments to this 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 Cooperative Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years. 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. C. This Cooperative Agreement will expire on August 31, 2022. 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 the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be submitted 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 the agreement expiration date, NRCS may release any remaining funds from this Cooperative Agreement. D. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreement, NRCS will make cost-share assistance available up to the amount specified United States shall obligate the sum on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements Agricultural Land Easements on the funded Parcels parcels listed on Attachment A to this Cooperative Agreement. To receive this cost share, the A. The ENTITY must purchase close on the agricultural land easement acquisition and request payment of this amount in accordance with Section VII of this Cooperative Agreement before the NRCS cost share dates in Table 1. The ENTITY must request payment in accordance with Section VII of this Cooperative Agreement. NRCS Should the Cooperating Entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 1, any remaining funds may make additional costbe de-share assistance available obligated from this Cooperative Agreement unless the agreement is extended as provided for in future fiscal years only to accommodate an increase in Section XI.A. Table 1 2014 A March 31, 2016 August 31, 2016 September 30, 2016 B. This Cooperative Agreement is the appraised value authorizing document that obligates CCC funds for the acquisition of Parcels identified in Agricultural Land Easements by the ENTITY. Attachment A or substitute Parcels added to Attachment A as described in Section III.B., below, through the execution of mutually acceptable amendments to this Cooperative Agreement that identify specifies the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, Parcels on which FY 2014 CCC funds will be used within [STATE] and the terms and conditions includes: 1. name of the funding if different from landowner(s); 2. number of acres to be acquired; 3. the terms and conditions identified herein, as provided in Section IX.C. This Cooperative Agreement shall estimated Agricultural Land Easement value; 4. estimated Federal Contribution not be amended to add additional attachments beyond Attachment A in future fiscal years. B. Upon mutual agreement exceed 75 percent of the Parties and execution of an amendmentestimated Agricultural Land Easement value, as provided in Section IX.Cand 5. whether the offered parcel has been approved for funding, NRCS may allow substitution of Parcels at any time, provided if a parcel is listed but not selected for funding the Parcels are of comparable conservation value as determined by NRCSparcel is a substitute parcel. C. This Cooperative Agreement will expire on August 31, 2022Attachment A must include the Parcel selected for funding and any Parcels to be considered for substitution under Section VII C. 15. 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 the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be submitted 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. Parcels not included in Attachment A, which must either as a funded parcel or a substitute, as of September 30, 2014 will not 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 the agreement expiration date, NRCS may release any remaining funds from eligible for funding under this Cooperative Agreement. The Parties will not add additional Attachments to this agreement. D. Nothing However, nothing in this document obligates NRCS the United States or the ENTITY to purchase all or any of the agricultural land easement Agricultural Land Easement Parcels listed in Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreement, NRCS will make cost-share assistance available up to the amount specified United States shall obligate the sum on the Notice of Grant and Agreement Award for the acquisition by the ENTITY of agricultural land easements Agricultural Land Easements on the funded Parcels listed on Attachment A to this Cooperative Agreement. To receive this cost share, the A. The ENTITY must purchase close on the agricultural land easement acquisition and request payment of this amount in accordance with Section VII of this Cooperative Agreement before the NRCS cost share dates in Table 1. The ENTITY must request payment in accordance with Section VII of this Cooperative Agreement. NRCS Should the Cooperating Entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 1, any remaining funds may make additional costbe de-share assistance available obligated from this Cooperative Agreement unless the agreement is extended as provided for in future fiscal years only to accommodate an increase in Section XI.A. Table 1 2014 A March 31, 2016 August 31, 2016 September 30, 2016 B. This Cooperative Agreement is the appraised value authorizing document that obligates CCC funds for the acquisition of Parcels identified in Agricultural Land Easements by the ENTITY. Attachment A or substitute Parcels added to Attachment A as described in Section III.B., below, through the execution of mutually acceptable amendments to this Cooperative Agreement that identify specifies the additional cost-share assistance amount, the adjustment to or substitution of a listed Parcel, properties on which FY 2014 CCC funds will be used within [STATE] and the terms and conditions includes: 1. name of the funding if different from landowner(s); 2. number of acres to be acquired; 3. the terms and conditions identified herein, as provided in Section IX.C. This Cooperative Agreement shall estimated Agricultural Land Easement value; 4. estimated Federal Contribution not be amended to add additional attachments beyond Attachment A in future fiscal years. B. Upon mutual agreement exceed 50 percent of the Parties and execution of an amendmentestimated Agricultural Land Easement value, as provided in Section IX.Cand 5. whether offered Parcels have been approved for funding, NRCS may allow substitution of Parcels at any time, provided if a Parcel is listed but not selected for funding the Parcels are of comparable conservation value as determined by NRCSParcel is a substitute Parcel. C. This Cooperative Agreement will expire on August 31, 2022Attachment A must include the Parcels selected for funding and any Parcels to be considered for substitution under Section IX.C.12. 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 the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be submitted 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. Parcels not included in Attachment A, which must either as a funded Parcel or a substitute, as of September 30, 2014 will not 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 the agreement expiration date, NRCS may release any remaining funds from eligible for funding under this Cooperative Agreement. The Parties will not add additional Attachments listing Parcels to this agreement. D. Nothing However, nothing in this document obligates NRCS the United States or the ENTITY to purchase all or any of the agricultural land easement Agricultural Land Easement Parcels listed in the Attachment A.

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreementagreement, NRCS will make cost-share assistance available up to the amount specified on United States shall obligate the Notice sum of Grant and Agreement Award $ for the acquisition by the ENTITY [ENTITY] of agricultural land conservation easements for the parcels listed on the funded Parcels listed Attachment. This agreement may be amended to obligate funds in Fiscal Years 2012 and 2013 if the cooperating entity submits parcels that rank high enough to warrant the obligation of funds. The [ENTITY] must close on the easement acquisition and request payment of this amount in accordance with Part VII of this Cooperative Agreement before the dates in Table 2. The [ENTITY] must request payment in accordance with Part VII of this Cooperative Agreement no later than 23 months after the end of the fiscal year of fund obligation. Should the cooperating entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 2, any remaining funds may be de-obligated from this agreement unless the agreement is amended as provided for in paragraph XI D. Table 1 2011 A $ XX1169F 4115 2012 B $ 2013 C $ Table 2 This Cooperative Agreement is the authorizing document that obligates CCC funds to acquire conservation easements. Attachment A to this Cooperative AgreementAgreement specifies the properties on which FY 2011 CCC funds will be used. To receive this cost share, the ENTITY must purchase the agricultural land easement Attachments B and request payment of the NRCS cost share in accordance with Section VII of this Cooperative Agreement. 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.B., below, through the execution of mutually acceptable amendments C to this Cooperative Agreement that identify , if funded, will specify the additional cost-share assistance amount, properties on which the adjustment to or substitution appropriate fiscal year of funding will be used (as referenced in the chart above). The attachment will specify the properties on which CCC funds will be used within the [COUNTY/STATE] and will include a listed Parcel, list with a detailed breakdown of the: (1) name and the terms and conditions mailing address of the funding if different from landowner(s); (2) number of acres to be acquired; (3) the terms and conditions identified herein, as provided in Section IX.C. This Cooperative Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years.estimated conservation easement value; 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. C. This Cooperative Agreement will expire on August 31, 2022. 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 the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be submitted 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 (4) estimated Federal contribution to the agreement expiration date in order to be validestimated conservation easement value, and (5) offered parcels approved for funding. Should the ENTITY not close all Parcels on Attachment A prior to the agreement expiration dateHowever, NRCS may release any remaining funds from this Cooperative Agreement. D. Nothing nothing in this document obligates NRCS the United States or the ENTITY [ENTITY] to purchase all or any of the agricultural land conservation easement Parcels parcels listed in Attachment A.the Attachment.

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreementagreement, NRCS will make cost-share assistance available up to the amount specified on United States shall obligate the Notice sum of Grant and Agreement Award $ for the acquisition by the ENTITY [ENTITY] of agricultural land conservation easements for the parcels listed on the funded Parcels listed Attachment. This agreement may be amended to obligate funds in Fiscal Years 2012 and 2013 if the cooperating entity submits parcels that rank high enough to warrant the obligation of funds. The [ENTITY] must close on the easement acquisition and request payment of this amount in accordance with Part VII of this Cooperative Agreement before the dates in Table 2. The [ENTITY] must request payment in accordance with Part VII of this Cooperative Agreement no later than 23 months after the end of the fiscal year of fund obligation. Should the cooperating entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 2, any remaining funds may be de-obligated from this agreement unless the agreement is amended as provided for in paragraph XI D.. 2013 C $ This Cooperative Agreement is the authorizing document that obligates CCC funds to acquire conservation easements. Attachment A to this Cooperative AgreementAgreement specifies the properties on which FY 2011 CCC funds will be used. To receive this cost share, the ENTITY must purchase the agricultural land easement Attachments B and request payment of the NRCS cost share in accordance with Section VII of this Cooperative Agreement. 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.B., below, through the execution of mutually acceptable amendments C to this Cooperative Agreement that identify , if funded, will specify the additional cost-share assistance amount, properties on which the adjustment to or substitution appropriate fiscal year of funding will be used (as referenced in the chart above). The attachment will specify the properties on which CCC funds will be used within the [COUNTY/STATE] and will include a listed Parcel, list with a detailed breakdown of the: (1) name and the terms and conditions mailing address of the funding if different from landowner(s); (2) number of acres to be acquired; (3) the terms and conditions identified herein, as provided in Section IX.C. This Cooperative Agreement shall not be amended to add additional attachments beyond Attachment A in future fiscal years.estimated conservation easement value; 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. C. This Cooperative Agreement will expire on August 31, 2022. 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 the second extension would expire on August 31, 2024. Requests for an extension to this Cooperative Agreement must be submitted 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 (4) estimated Federal contribution to the agreement expiration date in order to be valid. Should the ENTITY not close all Parcels on Attachment A prior to the agreement expiration dateestimated conservation easement value, NRCS may release any remaining funds from this Cooperative Agreementand (5) offered parcels approved for funding. D. Nothing in this document obligates NRCS or the ENTITY to purchase all or any of the agricultural land easement Parcels listed in Attachment A.