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Common use of Withholding of Funds Clause in Contracts

Withholding of Funds. In addition to any other provisions of this Agreement including but not limited to Exhibits A and D, TriMet may withhold payment of STIF Discretionary Funds if the funds are not being used in accordance with ORS 184.751 through 184.766, OAR Chapter 732, or this Agreement, all required reporting has not been submitted, or there are any unresolved audit findings relating to the use of STIF Discretionary Funds. Subrecipient shall assure that funds allocated hereunder are used only for the purposes permitted, and assumes responsibility for breach of conditions of the STIF Discretionary Funding requirements hereunder by Subrecipient, and shall, upon breach of conditions that require TriMet to return funds to the Section, hold harmless and indemnify TriMet for an amount equal to the funds required to be repaid plus any additional costs incurred by TriMet.

Appears in 4 contracts

Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement