Common use of Subaward Availability Termination Clause in Contracts

Subaward Availability Termination. The availability of Grant money under this Agreement and Agency’s obligation to disburse Grant money pursuant to Section 2.03 shall end on [DATE] (the “Availability Termination Date”). Agency will not disburse any Grant money after the Availability Termination Date. Unless extended or terminated earlier in accordance with its terms, this Agreement shall terminate when Agency accepts Subrecipient’s completed reports, as described in Section 5.06, or on [DATE], whichever date occurs first, exclusive of financial and narrative reports which are due no later than 30 days after the Availability Termination Date. Agreement termination shall not extinguish or prejudice Agency’s right to enforce this Agreement with respect to any default by Subrecipient that has not been cured.

Appears in 5 contracts

Samples: Voca Subaward Agreement Template, Subaward Agreement Template, Example Subaward Agreement

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