Common use of Redeposit Clause in Contracts

Redeposit. The Grantee agrees to redeposit to the Separate Dollar Account U.S. Dollars equal to the amount of any Grant Proceeds that are not used in accordance with this Agreement. Until such redeposit to the Separate Dollar Account is made, the Grantee may make no further withdrawal from that account.

Appears in 1 contract

Sources: Assistance Agreement

Redeposit. The Grantee agrees to redeposit to the Separate Dollar Account U.S. Dollars equal to the amount of any Grant Proceeds that are not used in accordance with this Agreement. Until such redeposit to the Separate Dollar dollar Account is made, the Grantee may make no further withdrawal from that account.

Appears in 1 contract

Sources: Sector Program Assistance Agreement