Common use of Repayment of Grant Funds Clause in Contracts

Repayment of Grant Funds. (i) If the Business closes or moves its primary principal office address out of the County before the Interim Performance Report is due, the Business will be required to repay all funds received from the Grant Program. If the Business closes or moves its principal office address out of the County after submitting a timely Interim Performance Report but before the end of the Grant Term, the Business will be required to repay 50% of the funds received from the Grant Program.

Appears in 5 contracts

Samples: Catalyst Grant Agreement, Catalyst Grant Agreement, Catalyst Grant Agreement

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