Common use of Grant Distribution Clause in Contracts

Grant Distribution. The Subrecipient and OBO agree that the funds will be distributed in accordance with the Subrecipient Funding Disbursement Policies (Exhibit D). Grant Expenditure Schedule. The Grant Expenditure Schedule will be based on the timeline provide by the Funding Review Packets, the budget templates and draw requests. All Grant proceeds that remain unexpended the later of eighteen (18) months after the date of the grant agreement or as of June 30, 2026 (or such later date to which OBO shall extend such deadline, in its sole discretion) shall be returned to OBO promptly (and in any event within ten (10) business days thereafter).