Common use of OBLIGATION OF FUNDS Clause in Contracts

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreement, the United States shall obligate the sum on the Notice of Award for the acquisition by the ENTITY of Agricultural Land Easements on the parcels listed on Attachment A. The ENTITY must close on the easement acquisition and request payment of this amount in accordance with Section VII of this Cooperative Agreement before the dates in Table 1. The ENTITY must request payment in accordance with Section VII of this Cooperative Agreement. Should the Cooperating Entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 1, any remaining funds may be de-obligated from this Cooperative Agreement unless the agreement is extended as provided for in Section XI.A. Table 1 FY of Fund Obligation Attachment Listing Parcels Closing Deadline Payment Request Deadline Attachment A Expiration Date 2014 A March 31, 2016 August 31, 2016 September 30, 2016

OBLIGATION OF FUNDS. A. Upon execution of this Cooperative Agreement, the United States shall obligate the sum on the Notice of Award for the acquisition by the ENTITY of Agricultural Land Easements on the parcels funded Parcels listed on Attachment A. The ENTITY must close on the easement acquisition and request payment of this amount in accordance with Section VII of this Cooperative Agreement before the dates in Table 1. The ENTITY must request payment in accordance with Section VII of this Cooperative Agreement. Should the Cooperating Entity not meet the Closing Deadline or the Payment Request Deadline dates established in Table 1, any remaining funds may be de-obligated from this Cooperative Agreement unless the agreement is extended as provided for in Section XI.A. Table 1 FY of Fund Obligation Attachment Listing Parcels Closing Deadline Payment Request Deadline Attachment A Expiration Date 2014 A March 31, 2016 August 31, 2016 September 30, 2016