Common use of Close-outs Clause in Contracts

Close-outs. The Subrecipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances and accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG funds, including Program Income.

Close-outs. The SubrecipientSub-recipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient Sub-recipient has control over CDBG funds, including Program IncomeARPA funding.

Close-outs. The Subrecipient’s obligation obligations to the City shall not end until all close-out requirements are completedcompleted including repayment of any outstanding loans and completion of the affordability period. Activities during this close-out period shall include, but are not limited to to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and receivable accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG funds, including Program Income.

Close-outs. The Subrecipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances and accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG CDBG-CV funds, including Program Income.

Close-outs. The SubrecipientSUB-RECIPIENT’s obligation to the City CITY shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and accounts receivable to the CityCITY), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient SUB-RECIPIENT has control over CDBG funds, including Program Incomeprogram income.

Close-outs. The Subrecipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this the close-out period shall include, but are not limited to to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG fundsHOME Funds, including Program Incomeprogram income.

Close-outs. The Subrecipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to to, making final payments, disposing of program CDBG Program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and receivable accounts receivable to the City), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG funds, including Program Income.

Close-outs. The Subrecipient’s SUB-RECIPIENT's obligation to the City CITY shall not end until all close-close- out requirements are completed. Activities during this close-out period shall include, but are not limited to to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances balances, and accounts receivable to the CityCITY), and determining the custodianship of records. Notwithstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG funds, including Program Income.