Common use of Revised Project Clause in Contracts

Revised Project. If during the forty-five (45) day cure period Grantee determines that it will be unable to complete the Project and Grantee has not then received from Grantor all of the Grant Funds, Grantee may propose changes to the Project (the “Revised Project”). Any Revised Project must be proposed in writing to Grantor prior to the expiration of the cure period. Grantor, in its sole discretion, may accept or reject the Revised Project. If the Revised Project is accepted by Grantor, the Revised Project shall be deemed to constitute a cure of Grantee’s non-performance and the Parties shall execute of a written amendment to this Agreement consistent with the terms and conditions Grantor’s acceptance of the Revised Project. Thereafter, the award of Grant Funds pursuant to this Agreement shall be deemed to have been made for completion of the Revised Project. If the Revised Project is rejected by Grantor and Grantee has not otherwise cured its defaults, then this Agreement shall be terminated as set forth in Article 3.

Revised Project. If If, during the forty-five (45) day cure period period, the Grantee determines that it will be unable to complete the Project as set forth in Exhibit II, and the Grantee has not then received from Grantor all of the Grant Funds, the Grantee may propose changes to the Project (the “Revised Project”). Any Revised Project must be proposed in writing to Grantor may, prior to the expiration of the cure period, present to the Grantor its proposed changes to the Project (hereinafter the Project with proposed changes shall be referred to as the “Revised Project”). If Grantee submits a Revised Project prior to the expiration of the cure period, the Grantor, in its sole discretion, may accept shall either approve or reject the Revised Project. If the Revised Project is accepted approved by the Grantor, the Revised Project then such approval shall be deemed to constitute a cure of the default by the Grantee’s non-performance , and an amendment shall be executed between the Grantor and the Parties shall execute of a written amendment to this Agreement consistent with the terms and conditions Grantor’s acceptance of the Revised Project. Thereafter, the award of Grant Funds pursuant to Grantee acknowledging that this Agreement shall be deemed to have been made for the payment of Funds for completion of the Revised Project. If the Revised Project is rejected by Grantor and Grantee has not otherwise cured its defaultsthe Grantor, then this Agreement shall be terminated as set forth in Article 316.

Revised Project. If during the forty-five (45) day cure period Grantee determines that it will be unable to complete the Project as set forth in Exhibit V and Grantee has not then received from Grantor all of the Grant Funds, Grantee may propose changes to the Project (the “Revised Project”). Any Revised Project must be proposed in writing to Grantor prior to the expiration of the cure period. Grantor, in its sole discretion, may accept or reject the Revised Project. If the Revised Project is accepted by Grantor, the Revised Project shall be deemed to constitute a cure of Grantee’s non-performance and the Parties shall execute of a written amendment to this Agreement consistent with the terms and conditions Grantor’s acceptance of the Revised Project. Thereafter, the award of Grant Funds pursuant to this Agreement shall be deemed to have been made for completion of the Revised Project. If the Revised Project is rejected by Grantor and Grantee has not otherwise cured its defaults, then this Agreement shall be terminated as set forth in Article 3.