Review and Reporting Requirements. (a) From time to time as the Parties agree, R&D Services Providers shall hold technical Project reviews . The reporting requirements for each Project shall be specified in the Statement of Work.
Review and Reporting Requirements. The Recipient shall submit to the Permittee, Foundation, and the USACE an annual funding report ("Annual Funding Report") for each calendar year this Agreement is in effect. Each Annual Funding Report shall be submitted by the Recipient between January 1 and January 31, or at least thirty (30) days prior to the effective date of termination of this Agreement. The Annual Funding Report shall: (1) describe in reasonable detail the Land Management Activities performed by the Recipient during the immediately preceding calendar year or in the event of termination the then‐current calendar year (in either case, the "Reporting Period"); (2) detail all expenses incurred by or on behalf of the Recipient for Land Management Activities performed during the Reporting Period; (3) describe any discrepancy between the Land Management Activities expected to be performed during the Reporting Period in accordance with the Management Plan and the Endowment Assessment and the Land Management Activities actually performed during the Reporting Period; and (4) describe any discrepancy between the costs of Land Management Activities as modeled in the Endowment Assessment and the costs of Land Management Activities actually performed during the Reporting Period. The Parties expressly agree and acknowledge that the Foundation is entitled to rely on the accuracy and validity of the Annual Funding Reports submitted by the Recipient and shall have no duty to independently verify the information set forth therein. The Parties further agree and acknowledge that, except as otherwise expressly permitted or required by this Agreement, the Foundation shall have neither the right nor the obligation to reduce, suspend, or otherwise modify Endowment Payments based on the contents of any Annual Funding Report, and that any remedial action under this Agreement or otherwise with respect to Endowment Payments based on the contents of any Annual Funding Report shall be the exclusive right and/or obligation of the USACE.
Review and Reporting Requirements. The Recipient shall submit to the Foundation, to CDFW and the other [insert appropriate term: IRT or CBRT agencies] an annual funding report (“Annual Funding Report”) for each calendar year this Recipient Agreement is in effect. Each Annual Funding Report shall be submitted by the Recipient between January 1 and January 31, or at least thirty (30) days prior to the effective date of termination of this Recipient Agreement. The Annual Funding Report shall (i) describe in reasonable detail the Land Management Activities performed by the Recipient during the immediately preceding calendar year or in the event of termination the current calendar year (collectively the “Reporting Period”); (ii) detail all expenses incurred by or on behalf of the Recipient for Land Management Activities performed during the Reporting Period; (iii) describe any discrepancy between the Land Management Activities expected to be performed during the Reporting Period in accordance with the Long-term Management Plan and the Endowment Analysis and the Land Management Activities actually performed during the Reporting Period; and (iv) describe any discrepancy between the costs of Land Management Activities as modeled in the Endowment Analysis and the costs of Land Management Activities actually performed during the Reporting Period.
