Recapture of Grant Funds Sample Clauses

Recapture of Grant Funds. If Company terminates this Agreement before full performance of all requirements by Company for any reason, including failure to make agreed upon Improvements, County shall recapture and Company shall pay County an amount equal to all Grant Funds paid to Company under the terms of this Agreement for the two years before the year of termination, and no further Grant Funds are payable by County to Company.
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Recapture of Grant Funds. This Agreement shall terminate upon any one of the following: (a) In the event that the funds are not used for the projects identified herein, in whole or in part, such funds shall be paid back and recaptured by the city or in the event of default of this Agreement, and the non-cured default or termination occurs under this Agreement, Woven Health Clinic shall reimburse to the City all of the Grant funds not used for the projects identified herein.
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Recapture of Grant Funds. As DPA loans are repaid, the Subrecipient will recycle such funds and originate new loans in accordance with SHIP program income guidelines. Subrecipient will establish a segregated account to receive repayments of SHIP DPA loans (“SHIP Program Income”) and covenants to recycle SHIP Program Income in accordance with SHIP guidelines.
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Recapture of Grant Funds. In the event that the Subrecipient receives Program Income, as defined in 24 CFR § 570.500 and 2 CFR §200.80 and §200.307, for the services rendered hereunder, the Subrecipient, in accordance with 24 CFR §570.503(b) (3) and 24 CFR §570.504(c), will remit all Program Income balances to the County.
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Related to Recapture of Grant Funds

  • GRANT FUNDS The Provider will not commingle grant funds (payments and reimbursements made under this Agreement) with other personal or business accounts. The U.S. Department of Justice, DOJ Grants Financial Guide does not require physical segregation of cash deposits or the establishment of any eligibility requirements for funds which are provided to a Provider. The Provider’s accounting systems must ensure grant funds are not commingled with funds on either a program-by-program or a project-by-project basis. Grant funds specifically budgeted and received for one project may not be used to support another. Where the Provider's existing accounting system cannot comply with this requirement, the Provider will establish an additional accounting system to provide adequate grant fund accountability for each project. In accordance with the provisions of section 287.0582, Florida Statutes, if the terms of this Agreement and reimbursement contemplated by this Agreement extend beyond the current fiscal year, the OAG's performance and obligation to reimburse under this Agreement are contingent upon an annual appropriation and spending authority by the Florida Legislature. In addition, the OAG’s performance and obligation to reimburse under this Agreement is contingent upon the OAG's Victims of Crime Act award, as funded through the U.S. Department of Justice, Office for Victims of Crime formula grant program.

  • RECAPTURE OF FUNDS A . At its sole discretion, the System Agency may i) withhold all or part of any payments to Grantee to offset overpayments, unallowable or ineligible costs made to the Grantee, or if any required financial status report(s) is not submitted by the due date(s), or ii) require Grantee to promptly refund or credit - within thirty (30) calendar days of written notice - any funds erroneously paid by System Agency which are not expressly authorized under the Contract.

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