PEDC/Space Florida Triumph Funding Agreement Sample Clauses

PEDC/Space Florida Triumph Funding Agreement. (a) No Grant funds shall be disbursed to Grantee unless Space Florida and Grantee shall have entered into a binding and enforceable Funding Agreement pursuant to which Space Florida agrees to assume, or assist with the compliance of, certain obligations of Grantee provided herein (“Funding Agreement”). (b) Triumph shall have fifteen (15) days from receipt of the Funding Agreement to approve or disapprove it, and Triumph’s failure to either approve or disapprove the Funding Agreement within such fifteen (15) day period shall be deemed approval. In the event of disapproval, Grantee shall have thirty (30) days to work with Space Florida to cure any specific objections raised by Triumph.
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Related to PEDC/Space Florida Triumph Funding Agreement

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