Common use of FINANCIAL IMPLICATIONS Clause in Contracts

FINANCIAL IMPLICATIONS. (1) In general, termination of Federal funding for the Project will not invalidate obligations properly incurred before the termination date to the extent those obligations cannot be canceled, and (2) The Federal Government may: (a) Recover Federal funds it has provided for the Project if it determines that the Recipient has willfully misused Federal funds by: 1 Failing to make adequate progress, 2 Failing to make appropriate use of Project property, or 3 Failing to comply with the underlying Agreement or this Master Agreement (b) Require the Recipient to refund

FINANCIAL IMPLICATIONS. (1) In general, termination of Federal funding for the Project will not invalidate obligations properly incurred before the termination date to the extent those the obligations cannot be canceled, andbut (2) The Notwithstanding Section 12.b(1) above, the Federal Government may: (a) Recover Federal funds it has provided for the Project if it determines that the Recipient has willfully misused Federal funds by: 1 Failing to make adequate progress, 2 Failing to make appropriate use of the Project property, or 3 Failing to comply with the underlying Underlying Grant Agreement or this Master Agreement, and (b) Require the Recipient to refund:

FINANCIAL IMPLICATIONS. (1) In general, termination of Federal funding for the Project will not invalidate obligations properly incurred before the termination date to the extent those the obligations cannot be canceled, andbut (2) The Notwithstanding section 12.b(1) of this Master Agreement above, the Federal Government may: (a) Recover Federal funds it has provided for the Project if it determines that the Recipient has willfully misused Federal funds by: 1 Failing to make adequate progress, 2 Failing to make appropriate use of Project property, or 3 Failing to comply with the underlying Agreement or this Master Agreement (b) Require the Recipient to refund

FINANCIAL IMPLICATIONS. (1) In general, termination of Federal funding for the Project will not invalidate obligations properly incurred before the termination date to the extent those the obligations cannot be canceled, and (2) The Federal Government may: (a) Recover Federal funds it has provided for the Project if it determines that the Recipient has willfully misused Federal funds by: 1 Failing to make adequate progress, 2 Failing to make appropriate use of the Project property, or 3 Failing to comply with the underlying Underlying Grant Agreement or this Master Agreement, and (b) Require the Recipient to refund:

FINANCIAL IMPLICATIONS. The Recipient agrees that: (1) In general, termination of Federal funding for the Project will not invalidate obligations properly incurred before the termination date to the extent those obligations cannot be canceled, and. (2) The Federal Government may: (a) Recover may require the Recipient to refund the entire amount of Federal funds it has provided for the Project or any lesser amount as the Federal Government may determine, if it the Federal Government determines that the Recipient has willfully misused Federal funds by: 1 (a) Failing to make adequate progress, 2 , (b) Failing to make appropriate use of Project property, or 3 or (c) Failing to comply with the underlying Agreement or this Master Agreement (b) Require the Recipient to refund.