Common use of Grant Duration Clause in Contracts

Grant Duration. The grant period for expenditure of these funds will commence on the date of this agreement and end on [termination date]. Extension of the grant period may be made in unusual circumstances, but only upon the express written authority of [Ministry X] made pursuant to a request received before the expiration of the original grant period. Any portion of the funds not used within the grant period and/or for the purpose stated above, must be immediately returned to [Ministry X].