Common use of Term of Agreement and Performance Milestones Clause in Contracts

Term of Agreement and Performance Milestones. A. Term of Agreement: With the exception of the grant closeout procedures set forth in Exhibit B, Section 6, the Subrecipient shall complete the Approved Project(s) activities on or before the expenditure deadline identified on the STD 213 of this Agreement and identified below. Time is of the essence in order to ensure complete and compliant Projects before grant close out. All Project applications must be submitted to the Department by: 12/31/2021. Upon review and approval or rejection of all Project applications, the Department reserves the right to reallocate unobligated Grant Funds within the DR-MHP program, in its sole and absolute discretion. All Grant Funds must be expended by: April 30, 2025 This Agreement will expire on: August 31, 2050