Common use of Grant Funding Clause in Contracts

Grant Funding. In consideration for the performance by Sponsoring Institution of its obligations under this Agreement, and subject to LLS’s rights to withhold funding and/or terminate this Agreement as described in this Agreement, LLS will provide Sponsoring Institution grant funding in accordance with the Cover Sheet. Sponsoring Institution acknowledges that it must limit indirect costs as set forth in the Cover Sheet. Sponsoring Institution will not be obligated to expend funds in excess of those provided under this Agreement to conduct the Sponsored Research.

Appears in 5 contracts

Samples: Translational Research Program Renewal Grant Agreement, Translational Research Program Grant Agreement, New Idea Award Grant Agreement

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