Common use of Subaward Clause in Contracts

Subaward. Subject to the conditions and in accordance with this Agreement, the County will provide a Subaward to the Subrecipient during the Term of this Agreement by making payments of American Rescue Plan Act – State and Local Fiscal Recovery Funds (SLFRF) in an aggregate amount of [written value AND 00/100 DOLLARS (numeric value)]. The County shall have no obligation to make payments more frequently than once every month. The County will retain custody and control over Subaward funds which will only be made available to the Subrecipient upon submission to the County of documentation of incurred Project Costs and approval thereof by the County. Subject to the Subrecipient’s compliance with the terms and provisions of this Agreement, the County will make payment to the Subrecipient within forty-five (45) days of the County’s receipt of a properly completed Subaward Disbursement Request Form in the form of EXHIBIT B.

Appears in 2 contracts

Samples: American Rescue Plan, Subaward Agreement

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Subaward. Subject to the conditions and in accordance with this Agreement, the County will provide a Subaward to the Subrecipient during the Term of this Agreement by making payments of American Rescue Plan Act – State and Local Fiscal Recovery Funds (SLFRF) in an aggregate amount of [written value EIGHTY THOUSAND AND 00/100 DOLLARS (numeric value)]. $80,000.00) The County shall have no obligation to make payments more frequently than once every month. The County will retain custody and control over Subaward funds which will only be made available to the Subrecipient upon submission to the County of documentation of incurred Project Work Costs and approval thereof by the County. Subject to the Subrecipient’s compliance with the terms and provisions of this Agreement, the County will make payment to the Subrecipient within forty-five (45) days of the County’s receipt of a properly completed Subaward Disbursement Request Form in the form of EXHIBIT B.

Appears in 1 contract

Samples: Municipal Parks and Recreation Subaward Agreement

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Subaward. Subject to the conditions and in accordance with this Agreement, the County will provide a Subaward to the Subrecipient during the Term of this Agreement by making payments of American Rescue Plan Act – State and Local Fiscal Recovery Funds (SLFRF) in an aggregate amount of [written value FIVE HUNDRED THOUSAND AND 00/100 DOLLARS (numeric value$500,000.00)]. The County shall have no obligation to make payments more frequently than once every month. The County will retain custody and control over Subaward funds which will only be made available to the Subrecipient upon submission to the County of documentation of incurred Project Costs and approval thereof by the County. Subject to the Subrecipient’s compliance with the terms and provisions of this Agreement, the County will make payment to the Subrecipient within forty-five (45) days of the County’s receipt of a properly completed Subaward Disbursement Request Form in the form of EXHIBIT B.

Appears in 1 contract

Samples: www.townofnewpaltz.org

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