Common use of Transfers of Funds Among Direct Cost Categories Clause in Contracts

Transfers of Funds Among Direct Cost Categories. The Prime Recipient is required to obtain the prior written approval of the DOE Contracting Officer for any transfer of funds among direct cost categories where the cumulative amount of such transfers exceeds or is expected to exceed 10 percent of the total project cost, which is stated as “Total” in Block 12 to the Cover Page (Assistance Agreement Form) of this Award. The Prime Recipient is required to notify the ARPA-E Program Director of any transfer of funds among direct cost categories where the cumulative amount of such transfers is equal to or below 10 percent of the total project cost, which is stated as “Total” in Block 12 to the Cover Page (Assistance Agreement Form) of this Award.

Transfers of Funds Among Direct Cost Categories. The Prime Recipient is required to obtain the prior written approval of the DOE ARPA-E Contracting Officer for any transfer of funds among direct cost categories where the cumulative amount of such transfers exceeds or is expected to exceed 10 25 percent of the total project cost, which is stated as “Total” in Block 12 to the Cover Page (Assistance Agreement Form) of this Award. The Prime Recipient is required to notify the ARPA-E Program Director of any transfer of funds among direct cost categories where the cumulative amount of such transfers is equal to or below 10 25 percent of the total project cost, which is stated as “Total” in Block 12 to the Cover Page (Assistance Agreement Form) of this Award.