Common use of Recovery of Funds Clause in Contracts

Recovery of Funds. In the event of a default or violation of the terms of the Grant Agreement by the Grantee, the Authority may institute actions to recover all or part of the project funds paid to the Grantee. Repayment by the Grantee of grant funds under this recovery provision shall occur within thirty (30) days of demand. All remedies conferred on the Authority by this agreement or any other instrument or agreement are cumulative, not exclusive, and may be exercised concurrently or consecutively at the Authority’s option.

Recovery of Funds. In the event of a default or violation of the terms of the Grant Agreement by the Grantee, the Authority Department may institute actions to recover all or part of the project Grant funds paid to the Grantee. Repayment by the Grantee of grant funds under this recovery provision shall occur within thirty (30) days of demand. All remedies conferred on the Authority Department by this agreement or any other instrument or agreement are cumulative, not exclusive, and may be exercised concurrently or consecutively at the AuthorityDepartment’s option.

Recovery of Funds. In the event of a default or discovery of violation of to the terms of the Grant Agreement by the Grantee, the Authority Department may institute actions to recover all or part of the project funds paid to the Grantee. Repayment by the Grantee of grant funds under this recovery provision shall occur within thirty (30) days of demand. All remedies conferred on the Authority Department by this agreement or any other instrument or agreement are cumulative, not exclusive, and may be exercised concurrently or consecutively at the AuthorityDepartment’s option.