Common use of Recovery of Misexpended Funds or Nonexpended Funds Clause in Contracts

Recovery of Misexpended Funds or Nonexpended Funds. Any Grant Funds disbursed to Recipient under this Agreement that are either (i) disbursed but unexpended at the end of the Availability Termination Date (“Unexpended Funds”) or (ii) expended in violation of one or more of the provisions of this Agreement (“Misexpended Funds”) must be returned to ODOT. Recipient shall return all Unexpended Funds to ODOT no later than fifteen (15) days after the Availability Termination Date. Recipient shall return all Misexpended Funds to ODOT promptly after ODOT’s written demand and no later than fifteen (15) days after ODOT’s written demand.

Recovery of Misexpended Funds or Nonexpended Funds. Any Grant Funds disbursed to Recipient under this Agreement that are either (i) disbursed but unexpended at the end of the Availability Termination Date (“Unexpended Funds”) or (ii) expended in violation of one or more of the provisions of this Agreement (“Misexpended Funds”) must be returned to ODOT. Recipient shall return all Unexpended Funds to ODOT no later than fifteen (15) days after the Availability Termination Date. Recipient shall return all Misexpended Funds to ODOT promptly after ODOTXXXX’s written demand and no later than fifteen (15) days after ODOTXXXX’s written demand.