Common use of Requirement for System for Award Management Clause in Contracts

Requirement for System for Award Management. (XXX): Unless the Sponsor is exempted from this requirement under 2 CFR 25.110, the Sponsor must maintain the currency of its information in XXX until the Sponsor submits the final financial report required under this Grant, or receives the final payment, whichever is later. This requires that the Sponsor review and update the information at least annually after the initial registration and more frequently if required by changes in information or another award term. Additional information about registration procedures may be found at the XXX website (currently at xxxx://xxx.xxx.gov).

Requirement for System for Award Management. (XXX): Unless the Sponsor is exempted from this requirement under 2 CFR 25.110, the Sponsor must maintain the currency of its information in the XXX until the Sponsor submits the final financial report required under this Grantgrant, or receives the final payment, whichever is later. This requires that the Sponsor review and update the information at least annually after the initial registration and more frequently if required by changes in information or another award term. Additional information about registration procedures may be found at the XXX website (currently at xxxx://xxx.xxx.gov).