Common Contracts
1 similar Grant Award Contract contracts
TERM SHEET FORGrant Award Contract • April 26th, 2019
This Term Sheet summarizes the basic terms upon which Triumph Gulf Coast, Inc. ("Triumph") is considering awarding a grant to the City of Panama City (the "City") under the Triumph Gulf Coast Trust Fund. This Term Sheet is intended for discussion and negotiation purposes only and (a) does not constitute a grant, or an approval of a grant, by Triumph to the City, and (b) does not create any binding obligations on Triumph or the City with respect to (i) any grant, (ii) any approval of a grant, or (iii) engaging in any further discussions or negotiations with respect to a grant. Any binding agreement between Triumph and the City with respect to any grant must be contained in a definitive grant award agreement (the "Agreement"), approved by the Board of Directors of Triumph and by the City and executed by Triumph and the City. At any time prior to such execution of the Agreement, either Triumph or the City may terminate negotiations, and upon such termination, neither party shall have any
