Examples of Grant Unit in a sentence
Pursuant to this Agreement and the GoMRI Grant Administration Agreement with the Alliance and BP, the GoMRI Grant Unit will enter into Grant Agreements with Research Consortia for Approved Research Projects and distribute funds received from BP to the Research Consortia for Approved Research Projects.
As part of these oversight responsibilities, the Research Board shall oversee any conflict of interest policy or procedure administered by the GoMRI Grant Unit; in the event that the GoMRI Grant Unit is unable to satisfactorily manage a conflict of interest pursuant to any such policy or procedure, the GoMRI Grant Unit shall submit such conflict or potential conflict to the Research Board, which shall determine how to proceed, including conducting such consultations with the Parties as may be required.
The GoMRI Grant Unit shall reimburse each Lead Research Institution for verifiable research expenses incurred by its Research Consortium in accordance with the approved budget for the Program Year, according to the procedures set forth in this Section 2.5.
Pursuant to the GoMRI Grant Administration Agreement, the GoMRI Grant Unit shall agree that the Grant Agreement with the Lead Research Institution for the Approved Research Project(s) to be conducted by the Research Consortium shall subject each Research Institution to all applicable terms of this Agreement and require that the Lead Research Institution shall enter into Subgrant Agreements with all subgrantees receiving GoMRI funds that also subjects such subgrantees to the terms of this Agreement.
The GoMRI Grant Unit shall, as necessary, enter into amendments to the Grant Agreement with the Research Consortium’s Lead Research Institution to reflect the terms of any such changes approved by the Research Board.
Promptly after expiration or termination of this Agreement, the Alliance and the GoMRI Grant Unit shall provide to BP a final report of expenditures and commitments related to the GoMRI, and return to BP any unexpended and uncommitted funds that have been previously provided by BP.
If these concerns are not resolved to BP’s satisfaction within 90 days, BP may, in its sole discretion, cease to provide GoMRI funds to the Alliance or grants to the GoMRI Grant Unit that are earmarked for distribution to the Research Consortia and may terminate all agreements with the Alliance, including, but not limited to, this Agreement and the GoMRI Grant Administration Agreement.
BP shall pay the GoMRI Grant Unit Costs to the GoMRI Grant Unit pursuant to the GoMRI Grant Administration Agreement described in Section 8.
No later than five (5) business days prior to the start of each Program Year quarter, BP shall transfer the forecasted Research Program Costs for that Program Year quarter received from the GoMRI Grant Unit to a designated account or accounts of the GoMRI Grant Unit.
On a quarterly basis, but no later than fifteen (15) business days prior to the start of each Program Year quarter, each Lead Research Institution shall provide the GoMRI Grant Unit with a forecast of the Research Program Costs for its Research Consortium for that Program Year quarter.