Common use of Subaward Clause in Contracts

Subaward. Subrecipient submitted a Grant Application under the CDBG-DR program. The GLO enters into this Contract based on Subrecipient’s approved Grant Application. Subject to the terms and conditions of this Contract and Subrecipient’s approved Grant Application, the GLO shall issue a subaward to Subrecipient in the amount of $1,175,954,338.00, payable as reimbursement of Subrecipient’s allowable expenses, to be used in strict conformance with the terms of this Contract, the Program Budgets listed in Attachment A, and the Performance Statements for the Programs, attached hereto and incorporated herein for all purposes. The GLO, in its sole discretion, may reimburse Subrecipient for allowable Project costs incurred from August 25, 2017 until the Effective Date of this Contract, in accordance with federal law, but the GLO is not liable to Subrecipient for any costs incurred prior to August 25, 2017 or after the expiration or termination of this Contract. All funds obtained by Subrecipient from the GLO and utilized on Subrecipient’s CDBG-DR Activities are subject to compliance with all Federal and State regulations governing this Contract.