Common use of Purpose and Administration Clause in Contracts

Purpose and Administration. The grant shall be used exclusively for the projects specified in this Agreement. The grant awarded by this Agreement is made with the understanding that the Association has no obligation, now or in the future, to provide financial or other support to the Grantee. The Grantee will directly administer the project(s) being supported by the grant and agrees that no grant funds shall be disbursed to any person, organization or entity, whether or not formed by the Grantee, other than as specifically set forth in, or contemplated by, the Grant Application. The grant is made, and must be used, in accordance with all applicable laws, regulations and rulings. In order to receive funds from the Association, the Grantee (or its fiscal agent, if applicable) must have received, and hereby represents and warrants that it has received, a ruling from the Internal Revenue Service confirming that the Grantee (or its fiscal agent, if applicable) is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code and that the Grantee (or its fiscal agent, if applicable) is not a private foundation as defined in Section 509(a) of the Internal Revenue Code. In the event there is any change in the Grantee’s (or its fiscal agent’s, if applicable) tax-exempt status, the Grantee (or its fiscal agent, if applicable) will immediately notify the Association in writing. It is expressly agreed that any change in the Grantee’s (or its fiscal agent’s, if applicable) tax status or any use by the Grantee (or its fiscal agent, if applicable) of the grant proceeds for any purpose other than those specified in Section 170(c)(2)(B) of the Internal Revenue Code will terminate the obligation of the Association to make further payments under the grant. In order to receive funds from the Association, the Grantee must be a full member of the Association in good standing, i.e., meet the Association’s membership criteria and remain current in the payment of membership dues, management fees, and any other fees or assessments. The Grantee must request approval in writing for any significant changes, additions or deletions to any part of the project goals, objectives, activities, outcomes, timetable or budget submitted by the Grantee. Approval, if given, will be indicated in writing by the Association. The Grantee will notify the Association in writing if there is a change in key personnel essential to the ongoing administration of the Grantee or projects funded by the grant. If there is any question as to the significance of a particular change, addition or deletion, the Grantee will contact the Association. In the event that any uncertainty develops as to the Grantee's ability to fully implement any aspect of the project(s) covered by the grant, either due to a lack of financial resources or otherwise, the Grantee will promptly notify the Association. The USA Patriot ACT of 2001 and other federal laws and regulations and executive orders administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") prohibit, among other things, the engagement in transactions with, and the provision of services to, certain foreign countries, territories, entities and individuals. The Grantee warrants and represents that as of the date of application through the term of the grant award, none of the following is a country, territory, individual or entity named on OFAC lists of the Sanctioned Countries or Specially Designated Nationals: Grantee; any person or entity controlling or controlled by Grantee, or any person or entity for whom the Grantee is acting as agent or nominee in connection with this transaction. The Grantee understands and agrees that any violation of this paragraph will be grounds for immediate termination of the grant.

Purpose and Administration. The grant shall be used exclusively for the projects specified in this Agreement. The grant awarded by this Agreement is made with the understanding that the Association has no obligation, now or in the future, to provide financial or other support to the Grantee. The Grantee will directly administer the project(s) being supported by the grant and agrees that no grant funds shall be disbursed to any person, organization or entity, whether or not formed by the Grantee, other than as specifically set forth in, or contemplated by, the Grant Application. The grant is made, and must be used, in accordance with all applicable laws, regulations and rulings. In order to receive funds from the Association, the Grantee (or its fiscal agent, if applicable) must have received, and hereby represents and warrants that it has received, a ruling from the Internal Revenue Service confirming that the Grantee (or its fiscal agent, if applicable) is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code and that the Grantee (or its fiscal agent, if applicable) is not a private foundation as defined in Section 509(a) of the Internal Revenue Code. In the event there is any change in the Grantee’s (or its fiscal agent’s, if applicable) tax-exempt status, the Grantee (or its fiscal agent, if applicable) will immediately notify the Association in writing. It is expressly agreed that any change in the Grantee’s (or its fiscal agent’s, if applicable) tax status or any use by the Grantee (or its fiscal agent, if applicable) of the grant proceeds for any purpose other than those specified in Section 170(c)(2)(B) of the Internal Revenue Code will terminate the obligation of the Association to make further payments under the grant. In order to receive funds from the Association, the Grantee must be a full member of the Association in good standing, i.e., meet the Association’s membership criteria and remain current in the payment of membership dues, management fees, and any other fees or assessments. The Grantee must request approval in writing for any significant changes, additions or deletions to any part of the project goals, objectives, activities, outcomes, timetable or budget submitted by the Grantee. Approval, if given, will be indicated in writing by the Association. The Grantee will notify the Association in writing if there is a change in key personnel essential to the ongoing administration of the Grantee or projects funded by the grant. If there is any question as to the significance of a particular change, addition or deletion, the Grantee will contact the Association. SAMPLE In the event that any uncertainty develops as to the Grantee's ability to fully implement any aspect of the project(s) covered by the grant, either due to a lack of financial resources or otherwise, the Grantee will promptly notify the Association. The USA Patriot ACT of 2001 and other federal laws and regulations and executive orders administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") prohibit, among other things, the engagement in transactions with, and the provision of services to, certain foreign countries, territories, entities and individuals. The Grantee warrants and represents that as of the date of application through the term of the grant award, none of the following is a country, territory, individual or entity named on OFAC lists of the Sanctioned Countries or Specially Designated Nationals: Grantee; any person or entity controlling or controlled by Grantee, or any person or entity for whom the Grantee is acting as agent or nominee in connection with this transaction. The Grantee understands and agrees that any violation of this paragraph will be grounds for immediate termination of the grant.