Common use of Retention Clause in Contracts

Retention. Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract for a period of five (5) years. The retention period begins on the date of the submission of the County’s annual performance and evaluation report to HUD in which the activities assisted under the Contract are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 134 contracts

Sources: Housing Rehabilitation Contract, Public Facilities & Improvements Contract, Public Services Agreement

Retention. Subrecipient SUBRECIPIENT shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract Agreement for a period of five (5) years. The retention period begins on the date of the submission of the CountyCITY’s annual performance and evaluation report to HUD in which the activities assisted under the Contract this Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 32 contracts

Sources: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Retention. Subrecipient The Sub-recipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the contract for a period of five (5) years. The retention period begins on the date of the submission of the CountyGrantee’s annual performance and evaluation report to HUD in which the activities assisted under the Contract contract are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 5 contracts

Sources: Management and Implementation Agreement, Management and Implementation of a Community Development Block Grant Project, Management and Implementation of a Community Development Block Grant Project

Retention. Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the Agreement for a period of five (5) years. The retention period begins on the date of the submission of the CountyGrantee’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations negotiations, or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then all such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 5 contracts

Sources: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Retention. The Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the Agreement for a period of five (5) years. The retention period begins on the date of the submission of the CountyGrantee’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 4 contracts

Sources: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Retention. The Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the Agreement for a period of five (5) years. The retention period begins on the date of the submission of the CountyGrantee’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is are litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later.

Appears in 2 contracts

Sources: Subrecipient Agreement, Subrecipient Agreement

Retention. Subrecipient SUBRECIPIENT shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract CONTRACT for a period of five (5) years. The retention period begins on the date of the submission of the CountyCOUNTY’s annual performance and evaluation report to HUD in which the activities assisted under the Contract CONTRACT are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the five-five year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-five- year period, whichever occurs later.

Appears in 2 contracts

Sources: Contract for Public Facilities & Improvements, Contract for Public Facilities & Improvements, Housing Rehabilitation and Public Services

Retention. The Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the Agreement for a period of five six (56) years. The retention period begins on the date of the submission of the CountyGrantee’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, claims audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the fivesix-year period, then such records must be retained until the completion of the actions and resolution of all issues, or the expiration of the five-six- year period, whichever occurs later.

Appears in 2 contracts

Sources: Home Subrecipient Agreement, CDBG Program Agreement

Retention. Subrecipient SUBGRANTEE shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract the Agreement for a period of five four (54) years. The retention period begins on the date of the submission of the CountyCOUNTY’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the fivefour-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the fivefour-year period, whichever occurs later.

Appears in 1 contract

Sources: CDBG Subgrantee Agreement

Retention. Subrecipient CONTRACTOR shall retain all financial records, supporting documents, statistical records, and all other records pertinent to this Contract Agreement for a period of five at least four (54) years. The retention period begins on the date of the submission of the CountyCOUNTY’s annual performance and evaluation report to HUD in which the activities assisted under the Contract Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the fivefour-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the fivefour-year period, whichever occurs later.

Appears in 1 contract

Sources: Professional Services