Common use of One-Time Funding Clause in Contracts

One-Time Funding. The Recipient acknowledges that receipt of Recovery Act funds is a “one-time” disbursement that does not create any future obligation by FTA to advance similar funding amounts. The Recipient agrees that the total amount of Recovery Act funds for the entire period of Project performance is the amount displayed on the underlying Grant Agreement or Cooperative Agreement for the Project, including the latest amendment thereto. The Government’s liability to make payments to the Recipient is limited to the eligible Project costs that can be financed with those Recovery Act funds as displayed on the underlying Grant Agreement or Cooperative Agreement for the Project including the latest amendment thereto.

Appears in 4 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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