RECAPTURE OF FUNDS. A Subrecipient may be required to repay all or a portion of the funds received from the Department, including Activity Delivery, pursuant to this Agreement. The reasons for a recapture of funds by the Department include, but are not limited to, the following: A. The Subrecipient does not comply with the terms of this Agreement or any agreement executed by the Subrecipient and the Department in connection herewith; B. The Subrecipient withdraws from the Program prior to completion of the Approved Project(s); C. The Subrecipient fails to meet a National Objective; and/or D. The Subrecipient does not meet the affordability requirements for the period specified in Exhibit D of this Agreement and all terms and conditions in the applicable DR-MHP regulatory agreement for each Approved Project including, without limitation the affordability restrictions, rent restrictions, income restrictions, etc. The potential recapture of funds pursuant to this provision is in addition to, and not in lieu of, any other rights and remedies of the Department under this Agreement.
Appears in 14 contracts
Samples: Standard Agreement, Standard Agreement, Standard Agreement
