Common use of Project Closeout Clause in Contracts

Project Closeout. The Recipient agrees that Project closeout: (1) Occurs when FTA notifies the Recipient that the Project is closed and: (a) Approves the final Federal payment, or (b) Acknowledges receipt of the proper refund, (2) Does not alter its audit responsibilities, and (3) Does not invalidate any continuing requirements of: (a) Applicable Federal law, (b) Applicable Federal regulation, (c) The Underlying Agreement or this Master Agreement, or (d) FTA’s final notice or acknowledgment of Project closeout.

Appears in 5 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

Project Closeout. The Recipient agrees that Project closeout: (1) Occurs when FTA notifies the Recipient that the Project is closed closed, and: (a) Approves the final Federal payment, or (b) Acknowledges receipt of the proper refund, (2) Does not alter its audit responsibilities, and (3) Does not invalidate any continuing requirements of: (a) Applicable Federal lawlaw or regulations, (b) Applicable Federal regulation, (c) The Underlying Agreement or this Master Agreement, or (dc) FTA’s final notice or acknowledgment of Project closeout.

Appears in 4 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

Project Closeout. The Recipient agrees that Project closeout: (1) Occurs when FTA notifies the Recipient that the Project is closed andclosed, and either: (a) Approves the final Federal payment, or (b) Acknowledges receipt of the proper refund,. (2) Does not alter its audit responsibilities, and (3) Does not invalidate any continuing requirements of: (a) Applicable of Federal law, (b) Applicable Federal regulation, (c) The Underlying Agreement , regulations, or directives, the underlying Agreement, this Master Agreement, or (d) or FTA’s final notice or acknowledgment of Project closeout.

Appears in 2 contracts

Sources: Master Agreement, Master Agreement

Project Closeout. The Recipient agrees that Project closeout: (1) Occurs when FTA notifies the Recipient that the Project is closed closed, and: (a) Approves the final Federal payment, or (b) Acknowledges receipt of the proper refund, (2) Does not alter its audit responsibilities, and (3) Does not invalidate any continuing requirements of: (a) Applicable Federal law, (b) Applicable Federal regulation, (c) The Underlying Agreement or this Master Agreement, or (d) FTA’s final notice or acknowledgment of Project closeout.

Appears in 2 contracts

Sources: Master Agreement, Master Agreement