Common use of Rights of Remedies of the RCO Clause in Contracts

Rights of Remedies of the RCO. 1. The rights and remedies of RCO provided in this Agreement are not exclusive and are in addition to any other rights and remedies provided by law. 2. In the event this Agreement is terminated by the funding board or director , after any portion of the grant amount has been paid to the Sponsor under this Agreement, the funding board or director may require that any amount paid be repaid to RCO for redeposit into the account from which the funds were derived. However, any repayment shall be limited to the extent it would be inequitable and represent a manifest injustice in circumstances where the project will fulfill its fundamental purpose for substantially the entire period of performance and of long-term obligation.

Appears in 3 contracts

Samples: Funding Board Project Agreement, Project Agreement, Project Agreement

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Rights of Remedies of the RCO. 1. ) The rights and remedies of RCO provided in this Agreement are not exclusive and are in addition to any other rights and remedies provided by law. 2. ) In the event this Agreement is terminated by the funding board or director director, after any portion of the grant amount has been paid to the Sponsor under this AgreementAgreement , the funding board or director may require that any amount paid be repaid to RCO for redeposit into the account from which the funds were derived. However, any repayment shall be limited to the extent it would be inequitable and represent a manifest injustice in circumstances where the project will fulfill its fundamental purpose for substantially the entire period of performance and of long-term obligation.

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Rights of Remedies of the RCO. 1. i. The rights and remedies of RCO provided in this Agreement are not exclusive and are in addition to any other rights and remedies provided by law. 2ii. In the event this Agreement is terminated by the funding board or director director, after any portion of the grant amount has been paid to the Sponsor under this AgreementAgreement , the funding board or director may require that any amount paid be repaid to RCO for redeposit into the account from which the funds were derived. However, any repayment shall be limited to the extent it would be inequitable and represent a manifest injustice in circumstances where the project will fulfill its fundamental purpose for substantially the entire period of performance and of long-term obligation.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

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Rights of Remedies of the RCO. 1. The rights and remedies of RCO provided in this Agreement are not exclusive and are in addition to any other rights and remedies provided by law. 2. In the event this Agreement is terminated by the funding board or director , after any portion of the grant amount has been paid to the Sponsor under this Agreement, the funding board or director may require that any amount paid be repaid to RCO for redeposit into the account from which the funds were derived. However, any repayment shall be limited to the extent it would be inequitable and represent a manifest injustice in circumstances where the project will fulfill its fundamental purpose for substantially the entire period of performance and of long-term obligation.of

Appears in 2 contracts

Samples: Grant Agreement, Project Agreement

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