Common use of Requirement for System of Award Clause in Contracts

Requirement for System of Award. Management (XXX) Unless you are exempt from this requirement under 2 CFR 25.110, you as the award recipient must maintain the currency of your information in the XXX until you submit the final financial report required under this award or receive the final payment, whichever is later. This requires that you review and update the information at least annually after the initial registration, and more frequently if required by changes in your information or another award term.

Requirement for System of Award. Management (XXX) Unless you are exempt from this requirement under 2 CFR 25.110, you as the award recipient awardrecipient must maintain the currency of your information in the XXX until you submit the final financial report required under this award or receive the final payment, whichever is later. This requires that you review and update the information at least annually after the initial registration, and more frequently if required by changes in your information or another award term.