Common use of PERIODIC MONITORING REVIEWS Clause in Contracts

PERIODIC MONITORING REVIEWS. The IEDC may carry out periodic monitoring reviews (“Periodic Monitoring Reviews”), as deemed appropriate by the IEDC. The IEDC shall not be required to provide the Grantee advance notice of such Periodic Monitoring Reviews except as reasonably required to make sure the necessary individuals and materials are available. The Grantee shall ensure the cooperation of the Grantee’s employees, Subrecipients, and designees in such monitoring and evaluation efforts and shall produce all documentation reasonably requested by the IEDC. The IEDC shall designate the location of the Periodic Monitoring Reviews (e.g., the IEDC’s premises or at a location of the Grantee’s). Periodic Monitoring Reviews may consist of the following: 1) Whether a Project’s activities are consistent with those set forth in this Agreement, the approved Claim Form, the RDP, and any additional information or documentation the Grantee has submitted to the IEDC. 2) A complete, detailed analysis of actual non-public funds, State support, and other public funds expended to date on the on a Project and conformity with a Claim Form. 3) A detailed listing of a Project’s costs by Project budget line item which are accrued yet unpaid, if applicable. 4) A written evaluation of a Project with respect to the Grantee’s and/or Subrecipient’s timely progress in Project management, financial management, control systems, procurement systems and methods, and performance relative to timely submission of Quarterly Progress Reports. The Grantee shall take all actions reasonably necessary to correct or cure any issues identified by the IEDC during its Periodic Monitoring Reviews. Failure to do so may allow the IEDC the option to withhold future disbursements and allow the IEDC to suspend or terminate this Agreement in accordance with Paragraph 24.

PERIODIC MONITORING REVIEWS. The IEDC may carry out periodic monitoring reviews (“Periodic Monitoring Reviews”)) of the RDA and/or the Project, as deemed appropriate by the IEDC. The Subrecipient shall extend to the IEDC and/or RDA and its authorized designees its full cooperation and give full access to its Project sites and to relevant documentation. The RDA shall not be required to provide the Grantee Subrecipient advance notice of such Periodic Monitoring Reviews except as reasonably required to make sure the necessary individuals and materials are available. The Grantee Subrecipient shall ensure the cooperation of the Grantee’s employees, Subrecipients, and designees cooperate in such monitoring and evaluation efforts and shall produce all documentation reasonably requested by the IEDC. The IEDC shall designate the location of the Periodic Monitoring Reviews (e.g., onsite, the IEDC’s premises or at a location of the GranteeRDA’s). Periodic Monitoring Reviews may consist of the following: 1: (i) Whether whether a Project’s activities are consistent with those set forth in this Agreement, the approved Claim Project Approval Form, the RDP, and or any additional information or documentation the Grantee RDA has submitted to the IEDC. 2; (ii) A a complete, detailed analysis of actual non-public funds, State support, and other public funds expended to date on the on a Project and conformity with a Claim Project Approval Form. 3; (iii) A a detailed listing of a Project’s costs by Project budget line item which are accrued yet unpaid, if applicable. 4; (iv) A a written evaluation of a Project with respect to the Grantee’s RDA and/or Subrecipient’s timely progress in Project management, financial management, control systems, procurement systems and methods, and performance relative to timely submission of Quarterly Progress Reportsthe RDA's quarterly progress reports required pursuant to the IEDC Agreement. The Grantee Subrecipient shall take all actions reasonably necessary to correct or cure any issues identified by the IEDC during its Periodic Monitoring Reviews. Failure to do so may allow the IEDC the option to withhold future disbursements and allow the IEDC RDA to suspend or terminate this Agreement in accordance Agreement. In the event that the IEDC requests a final audit following the completion of the Project, the Subrecipient shall cooperate with Paragraph 24.such audit and any and all other requests for monitoring or evaluation efforts required by the RDA or the IEDC. DRAFT

PERIODIC MONITORING REVIEWS. The IEDC may carry out periodic monitoring reviews (“Periodic Monitoring Reviews”)) of the RDA and/or the Project, as deemed appropriate by the IEDC. The IEDC shall not be required to provide the Grantee RDA or Subrecipient advance notice of such Periodic Monitoring Reviews except as reasonably required to make sure the necessary individuals and materials are available. The Grantee Subrecipient shall ensure the cooperation of the Grantee’s employees, Subrecipients, and designees cooperate in such monitoring and evaluation efforts and shall produce all documentation reasonably requested by the IEDC. The IEDC shall designate the location of the Periodic Monitoring Reviews (e.g., the IEDC’s premises or at a location of the Grantee’s). Periodic Monitoring Reviews may consist of the following: 1: (i) Whether whether a Project’s activities are consistent with those set forth in this Agreement, the approved Claim Form, the RDP, and any additional information or documentation the Grantee RDA has submitted to the IEDC. 2; (ii) A a complete, detailed analysis of actual non-public funds, State support, and other public funds expended to date on the on a Project and conformity with a Claim Form. 3; (iii) A a detailed listing of a Project’s costs by Project budget line item which are accrued yet unpaid, if applicable. 4; (iv) A a written evaluation of a Project with respect to the Grantee’s RDA and/or Subrecipient’s timely progress in Project management, financial management, control systems, procurement systems and methods, and performance relative to timely submission of Quarterly Progress Reportsthe RDA's quarterly progress reports required pursuant to the IEDC Agreement. The Grantee Subrecipient shall take all actions reasonably necessary to correct or cure any issues identified by the IEDC during its Periodic Monitoring Reviews. Failure to do so may allow the IEDC the option to withhold future disbursements and allow the IEDC RDA to suspend or terminate this Agreement in accordance Agreement. In the event that the IEDC requests a final audit following the completion of the Project, the Subrecipient shall cooperate with Paragraph 24such audit and any and all other requests for monitoring or evaluation efforts required by the RDA or the IEDC.