Subaward definition

Subaward means an award by a Recipient to a Subrecipient funded in whole or in part by a Federal Award. The terms and conditions of the Federal Award flow down to the Award unless the terms and conditions of the Federal Award specifically indicate otherwise in accordance with 2 CFR §200.38. The term does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

Subaward means an award of financial assistance in the form of money, or property in lieu of money, made under an award by a Recipient to an eligible Subrecipient or by a Subrecipient to a lower- tier subrecipient. The term includes financial assistance when provided by any legal agreement, even if the agreement is called a contract, but does not include the Recipient’s procurement of goods and services to carry out the program nor does it include any form of assistance which is excluded from the definition of “Award” above.

Subaward means a legal instrument pursuant to which a Prime Recipient of Award funds awards all or a portion of such funds to a Subrecipient, in exchange for the Subrecipient’s support in the performance of all or any portion of the substantive project or program for which the Award was granted.

Examples of Subaward in a sentence

• No Subcontract or Subaward under the Contract will relieve Grantee of responsibility for ensuring the requested services are provided.

• The Subaward Agreement Amount table on the Agreement’s Cover Page is hereby deleted and replaced with the Current Subaward Agreement Amount table shown above.

• If the Subaward authorizes variable quantities within a percentage range as an acceptable stated variable quantity or, if not so stated, otherwise delivers an extra quantity not ordered, Seller agrees that BATTELLE may retain such excess quantities up to $300 in value without compensating Seller therefor, and Seller waives all right, title, or interests therein.

• Additionally, if this Agreement is less than 60% completed, as determined by the State, the State may reimburse Subrecipient for a portion of actual out-of-pocket expenses, not otherwise reimbursed under this Agreement, incurred by Subrecipient which are directly attributable to the uncompleted portion of Subrecipient’s obligations, provided that the sum of any and all reimbursement shall not exceed the Subaward Maximum Amount payable to Subrecipient hereunder.

• Subaward Maximum Amount Payments to Subrecipient are limited to the unpaid, obligated balance of the Grant Funds.

More Definitions of Subaward

Subaward means an award provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass-through entity. It does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program. A subaward may be provided through any form of legal agreement, including an agreement that the pass-through entity considers a contract.

Subaward means an award of fi- nancial assistance in the form of money, or property in lieu of money, made under an award by a recipient to an eligible subrecipient or by a sub- recipient to a lower tier subrecipient. The term includes financial assistance when provided by any legal agreement, even if the agreement is called a con- tract, but does not include procure- ment of goods and services nor does it include any form of assistance which is excluded from the definition of ‘‘award’’ in paragraph (e) of this sec- tion.

Subaward means an award provided by a Pass-Through Entity to carry out part of a Federal award received by the Pass-Through Entity. It does not include payments to a contractor or payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

Subaward means an award by a Prime Recipient to a Subrecipient funded in whole or in part by a Federal Award. The terms and conditions of the Federal Award flow down to the Subaward unless the terms and conditions of the Federal Award specifically indicate otherwise in accordance with 2 CFR 200.101 or 2 CFR 200.38, as applicable. The term does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

Subaward means a legal instrument to provide support for the performance of any portion of the substantive project or program for which the recipient received this award and that the recipient awards to an eligible subrecipient. 1) The term does not include recipients’ procurement of property and services needed to carry out the project or program (for further explanation, see 2 C.F.R. § 200.331). 2) A subaward may be provided through any legal agreement, including an agreement that a recipient or a subrecipient considers a contract.

Subaward means a legal instrument to provide support for the performance of any portion of the substantive project or program for which the recipient received this award and that the recipient awards to an eligible subrecipient.

Subaward means an award by a Recipient to a Subrecipient funded in whole or in part by a Federal Award. The terms and conditions of the Federal Award flow down to the Award unless the terms and conditions of the Federal Award specifically indicate otherwise in accordance with 2 CFR