Grantee Obligations. 1.1 Grantee understands and agrees that grant funds must be used for purchase of equipment after the date the grant agreement is approved by Grantor and that it must use and may not sell, give away, or otherwise transfer the equipment for five years from the date of this agreement without the written approval of Grantor.
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Samples: Authority Equipment Grant Agreement, Alameda County Source Reduction And, www.stopwaste.org