Common use of OBLIGATION OF FUNDS Clause in Contracts

OBLIGATION OF FUNDS. (1) In the event that actual expenditure rates deviate from SUBRECIPIENT’s provision of a corresponding level of performance, as specified in Exhibit A, CITY hereby reserves the right to re-appropriate or recapture any such under expended funds.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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OBLIGATION OF FUNDS. (1) In the event that actual expenditure rates deviate from SUBRECIPIENTRECIPIENT’s provision of a corresponding level of performance, as specified in Exhibit A, CITY hereby reserves the right to re-appropriate reappropriate or recapture any such under expended funds.

Appears in 3 contracts

Samples: Agreement, Agreement, Christian Community Action

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