Unexpended Grant Money. Any VOCA Grant money disbursed to Subrecipient, or any interest earned by Subrecipient on the VOCA Grant money, that is not expended by Subrecipient in accordance with this Agreement by the earlier of the Availability Termination Date or the date this Agreement is terminated shall be returned to Agency. Subrecipient may satisfy its obligation to return unexpended VOCA funds under this Section 3.03 by paying to Agency the amount of unexpended funds. If Subrecipient fails to return the amount of the unexpended VOCA funds within fifteen (15) days after the earlier of the Availability Termination Date or the date this Agreement is terminated, Agency may deduct the amount demanded from any payment to Subrecipient from Agency under this Agreement and any payment to Subrecipient from Agency under any contract or agreement, present or future, between Agency and Subrecipient.
Appears in 3 contracts
Samples: Voca Subaward Agreement Template, Example Subaward Agreement, Voca Subaward Agreement Template
Unexpended Grant Money. Any VOCA VAWA Grant money disbursed to Subrecipient, or any interest earned by Subrecipient on the VOCA VAWA Grant money, that is not expended by Subrecipient in accordance with this Agreement by the earlier of the Availability Termination Date or the date this Agreement is terminated shall be returned to Agency. Subrecipient may satisfy its obligation to return unexpended VOCA VAWA funds under this Section 3.03 by paying to Agency the amount of unexpended funds. If Subrecipient fails to return the amount of the unexpended VOCA VAWA funds within fifteen (15) days after the earlier of the Availability Termination Date or the date this Agreement is terminated, Agency may deduct the amount demanded from any payment to Subrecipient from Agency under this Agreement and any payment to Subrecipient from Agency under any contract or agreement, present or future, between Agency and Subrecipient.
Appears in 2 contracts
Samples: Subaward Agreement Template, Subaward Agreement Template