Common Contracts
1 similar Grant Award Contract contracts
TERM SHEET FORGrant Award Contract • June 5th, 2018
This Term Sheet summarizes the basic terms upon which Triumph Gulf Coast, Inc. (“Triumph”) is considering awarding a grant to the Okaloosa County Board of County Commissioners (the “Board”) 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 Board, and (b) does not create any binding obligations on Triumph or the Board 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 Board 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 the members of the Board and executed by Triumph and the Board. At any time prior to such execution of the Agreement, either Triumph or the Board may terminate negotiations, and upon su
