Common use of Suspension of Payments and Grant Termination Clause in Contracts

Suspension of Payments and Grant Termination. a. CARB reserves the right to issue a grant suspension order in the event that a dispute should arise. The grant suspension order will be in effect until the dispute has been resolved or the grant has been terminated. If the Grantee chooses to continue work on the project after receiving a grant suspension order, the Grantee will not be reimbursed for any expenditure incurred during the suspension in the event CARB terminates the grant. If CARB rescinds the suspension order and does not terminate the grant, CARB will reimburse the Grantee for any expenses incurred during the suspension that are reimbursable in accordance with the terms of the grant. b. CARB reserves the right to terminate this Grant upon 30 days’ written notice to the Grantee. In case of early termination, the Grantee will submit a Grant Disbursement Request, a Status Report covering activities up to, and including, the termination date and following the requirements specified herein and in Section I of these provisions. Upon receipt of the Grant Disbursement Request Form, Status Report, and all intellectual property has been relinquished to CARB, a final payment will be made to the Grantee. This payment shall be for all CARB-approved, actually incurred costs that in the opinion of CARB are justified. However, the total amount paid shall not exceed the total Grant amount. c. Upon termination, grants funds must be returned to CARB within 45 days.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

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Suspension of Payments and Grant Termination. a. CARB reserves the right to issue a grant suspension order in the event that a dispute should arise. The grant suspension order will be in effect until the dispute has been resolved or the grant has been terminated. If the Grantee chooses to continue work on the project after receiving a grant suspension order, the Grantee will not be reimbursed for any expenditure incurred during the suspension in the event CARB terminates the grant. If CARB rescinds the suspension order and does not terminate the grant, CARB will reimburse the Grantee for any expenses incurred during the suspension that are reimbursable in accordance with the terms of the grant. b. CARB reserves the right to terminate this Grant upon 30 days’ written notice to the Grantee. In case of early termination, the Grantee will submit a Grant Disbursement Request, a Status Report covering activities up to, and including, the termination date and following the requirements specified herein and in Section I of these provisions. Upon receipt of the Grant Disbursement Request Form, Status Report, and all intellectual property has been relinquished to CARB, a final payment will be made to the Grantee. This payment shall be for all CARB-approved, actually incurred costs that in the opinion of CARB are justified. However, the total amount paid shall not exceed the total Grant amount. c. CARB reserves the right to immediately terminate this Grant in accordance with Section N (23). d. Upon termination, grants funds must be immediately returned to CARB within 45 daysCARB.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

Suspension of Payments and Grant Termination. a. CARB reserves the right to issue a grant suspension order in the event that a dispute should arise. The grant suspension order will be in effect until the dispute has been resolved or the grant has been terminated. If the Grantee chooses to continue work on the project after receiving a grant suspension order, the Grantee will not be reimbursed for any expenditure incurred during the suspension in the event CARB terminates the grant. If CARB rescinds the suspension order and does not terminate the grant, CARB will reimburse the Grantee for any expenses incurred during the suspension that are reimbursable in accordance with the terms of the grant. b. CARB reserves the right to terminate this Grant grant upon 30 days’ written notice to the Grantee. In case of early termination, the Grantee will submit a Grant Disbursement Request, a Status Report covering activities up to, and including, the termination date and following the requirements specified herein and in Section I of these provisions. Upon receipt of the Grant Disbursement Request Form, Form and Status Report, and when all intellectual property has been relinquished to CARB, a final payment will be made to the Grantee. This payment shall be for all CARB-approved, actually incurred costs that in the opinion of CARB are justified. However, the total amount paid shall not exceed the total Grant grant amount. c. Upon termination, grants grant funds must be returned to CARB within 45 days.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

Suspension of Payments and Grant Termination. a. CARB reserves the right to issue a grant suspension order in the event that a dispute should arise. The grant suspension order will be in effect until the dispute has been resolved or the grant Grant has been terminated. If the Grantee chooses to continue work on the project after receiving a grant suspension order, the Grantee will not be reimbursed for any expenditure incurred during the suspension in the event CARB terminates the grant. If CARB rescinds the suspension order and does not terminate the grant, CARB at its sole discretion will reimburse the Grantee for any expenses incurred during the suspension that are CARB deems reimbursable in accordance with the terms of the grantGrant. b. CARB reserves the right to terminate this Grant upon 30 days’ written notice to the Grantee. In case of early termination, the Grantee will submit a Grant Disbursement Request, a Status Quarterly Report covering activities up to, and including, the termination date and following the requirements specified herein and in Section I G of these provisions. Upon receipt of the Grant Disbursement Request Form, Status Report, provisions and all intellectual property has been relinquished to CARB, a final payment will be made to the Grantee. This payment shall be for all CARB-approved, actually incurred costs that in the opinion of CARB are justified. However, the total amount paid shall not exceed the total Grant amountimmediately return remaining funds. c. CARB reserves the right to immediately terminate this Grant in accordance with Exhibit A, General Grant Provisions (25). d. Upon termination, grants remaining Grant funds must be immediately returned to CARB within 45 daysCARB.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

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Suspension of Payments and Grant Termination. a. CARB ARB reserves the right to issue a grant suspension order in the event that a dispute should arise. The grant suspension order will be in effect until the dispute has been resolved or the grant has been terminated. If the Grantee chooses to continue work on the pilot project after receiving a grant suspension order, the Grantee will not be reimbursed for any expenditure incurred during the suspension in the event CARB ARB terminates the grant. If CARB ARB rescinds the suspension order and does not terminate the grant, CARB ARB at its sole discretion will reimburse the Grantee for any expenses incurred during the suspension that are ARB deems reimbursable in accordance with the terms of the grant. b. CARB ARB reserves the right to terminate this Grant upon 30 days’ written notice to the Grantee. In case of early termination, the Grantee will submit a Grant Disbursement Request, a Status Quarterly Report covering activities up to, and including, the termination date and following the requirements specified herein and in Section I G of these provisions. Upon receipt of the Grant Disbursement Request Form, Status Report, provisions and all intellectual property has been relinquished to CARB, a final payment will be made to the Grantee. This payment shall be for all CARB-approved, actually incurred costs that in the opinion of CARB are justified. However, the total amount paid shall not exceed the total Grant amountimmediately return remaining funds. c. ARB reserves the right to immediately terminate this Grant in accordance with Exhibit A, General Grant Provisions (25). d. Upon termination, grants remaining funds must be immediately returned to CARB within 45 daysARB.

Appears in 1 contract

Samples: Grant Agreement

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