Common use of REVERSION OF ASSETS Clause in Contracts

REVERSION OF ASSETS. A. Upon this agreement’s expiration, the subrecipient shall transfer to the grantee any CDBG funds on hand at the time of expiration and any accounts receivable attributable to the use of CDBG funds.

REVERSION OF ASSETS. A. Upon this agreement’s expiration, expiration the subrecipient shall transfer to the grantee any CDBG funds on hand at the time of expiration and any accounts receivable attributable to the use of CDBG funds.