Common use of Fine Clause in Contracts

Fine. Grantor reserves the right to impose a 1% of total grant award amount against Grantee for failure to rectify noncompliance according to the agreed upon timeline or for repeated noncompliance. Grantor will notify ▇▇▇▇▇▇▇’s Executive Director and AmeriCorps* Program Director in writing of the effective date, reason for fine and action that must be taken to meet compliance.

Fine. Grantor reserves the right to impose a 1% of total grant award amount against Grantee for failure to rectify noncompliance according to the agreed upon timeline or for repeated noncompliance. Grantor will notify ▇▇▇▇▇▇▇’s Executive Director and AmeriCorps* AmeriCorps Program Director in writing of the effective date, reason for fine and action that must be taken to meet compliance.