Common use of Termination of Disbursements Letter Clause in Contracts

Termination of Disbursements Letter. Within 90 days after completion of all grant funded activities, the Grantee will initiate close-out, in accordance with procedures established by HUD, by submitting a Termination of Disbursements letter, which states that: 1. The Grantee has completed all activities to be performed using Choice Neighborhoods Implementation Grant funds. 2. All requirements of the Grant Agreement have been met. 3. All obligated Choice Neighborhoods grant funds have been disbursed; and 4. The Grantee will abide by any continuing Federal requirements; At HUD’s option, the Grantee may delay initiation of close-out until the resolution of any HUD monitoring findings. If HUD exercises this option, the Grantee must promptly resolve the findings.

Termination of Disbursements Letter. Within 90 days after completion of all grant funded activities, the Grantee will initiate close-out, in accordance with procedures established by HUD, by submitting a Termination of Disbursements letter, which states that: (1. ) The Grantee has completed all activities to be performed using Choice Neighborhoods Implementation Grant funds. (2. ) All requirements of the Grant Agreement have been met. (3. ) All obligated Choice Neighborhoods grant funds have been disbursed; and (4. ) The Grantee will abide by any continuing Federal requirements; At HUD’s option, the Grantee may delay initiation of close-out until the resolution of any HUD monitoring findings. If HUD exercises this option, the Grantee must promptly resolve the findings.

Termination of Disbursements Letter. Within 90 days after completion of all grant funded activitiesactivities and HUD’s approval of the Transformation Plan, the Grantee will initiate close-out, in accordance with procedures established by HUD, by submitting a Termination of Disbursements letter, which states that: (1. ) The Grantee has completed all activities to be performed using Choice Neighborhoods Implementation Planning Grant funds. (2. ) All requirements of the Grant Agreement have been met. (3. ) All obligated Choice Neighborhoods grant funds have been disbursed; and; (4. ) The Grantee will abide by any continuing Federal requirements; and At HUD’s option, the Grantee may delay initiation of close-out until the resolution of any HUD monitoring findings. If HUD exercises this option, the Grantee must promptly resolve the findings.