Common use of Federal Interest in Recovery Clause in Contracts

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third party, based on the percentage of the federal share for the Underlying Agreement. Notwithstanding the preceding sentence, the Recipient may return all liquidated damages it receives to its Award Budget for its Underlying Agreement rather than return the federal share of those liquidated damages to the Federal Government, provided that the Recipient receives FTA’s prior written concurrence.

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered derived from any third partyparty recovery, based on the percentage of the federal Federal share awarded for the Underlying Agreement. Notwithstanding the preceding sentenceProject, except that the Recipient may return all liquidated damages it receives recovered to its Award Budget for its Underlying Agreement rather than return Project Account in lieu of returning the federal Federal share of those liquidated damages to the Federal Government, provided that the Recipient receives FTA’s prior written concurrence.

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third party, based on the percentage of the federal share for the Underlying Agreement. Notwithstanding the preceding sentence, the Recipient Subrecipient may return all liquidated damages it receives to its Award Budget for its Underlying Agreement rather than return the federal share of those liquidated damages to the Federal Government, provided that the Recipient Subrecipient receives FTA’s prior written concurrence.

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third partyshare, based on the percentage of the federal Federal share awarded for the Underlying Agreement. Notwithstanding the preceding sentenceProject, of proceeds derived from any third party recovery, except that the Recipient may return all any liquidated damages it receives recovered to its Award Budget for its Underlying Agreement rather than return Project Account in lieu of returning the federal Federal share of those liquidated damages to the Federal Government, provided that the Recipient receives FTA’s prior written concurrence.

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third party, based on the percentage of the federal share for the Underlying Agreement. Notwithstanding the preceding sentence, the Recipient Grantee may return all liquidated damages it receives to its Award Budget for its Underlying Agreement rather than return the federal share of those liquidated damages to the Federal Government, provided that the Recipient Grantee receives FTA’s prior written concurrence.

Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third party, based on the percentage of the federal share for the Underlying Agreement. Notwithstanding the preceding sentence, the Recipient may return all liquidated damages it receives to its Award Budget for its Underlying Agreement rather than return the federal share of those liquidated damages to the Federal Government, provided that the Recipient receives FTA’s prior written concurrence.concurrence.‌