Interest Earnings. Any interest earned while Centre Funds are in deposit at the Recipient’s bank, whether in a separate Project account or in a general account, shall be fully credited by the Recipient to the Project and reported as earnings on Project financial reports (Section A15). Such Project earnings shall be applied to the Project. Where they are not applied to the Project, the Project Budget (per Part 4 - Project Budget) will be reduced by an amount equivalent to the earnings.
Appears in 9 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
